IGI to Build Residential Project in Gharbeya

• Thursday, 1st December 2016
• by Joana Saba

IGI for Real Estate has completed the master plan for a residential project that will be built on 60,000 square meters of unused land owned by the Arab Cotton Ginning Company in the governorate of Gharbeya, Yousef Mohamadi, the company’s Investor Relations Manager told Al Borsa.

2,500 Acres of Lands Offered to Investors in New Cities

• Thursday, 1st December 2016
• by Joana Saba

The Ministry of Housing, Utilities, and Urban Communities will be offering 2,500 acres of land in new cities in January, according to Mostafa Madbouly, the Minister of Housing, Utilities, and Urban Communities, reported Daily News Egypt.

Madaar Records EGP 1.6 bn in Contractual Sales for Azha Project

• Thursday, 1st December 2016
• by Joana Saba

Real estate developer Madaar has recorded contractual sales worth EGP 1.6 bn for its high-end residential resort development Azha in Ain El Sokhna, CEO Gaser Bahgat told Amwal Al Ghad.

SODIC Waiting on Tenders for Land in Sheikh Zayed

• Wednesday, 30th November 2016
• by Karim Mohy

SODIC plans to compete for the development of 410 acres of land located in Sheikh Zayed, part of the second phase of projects offered by the New Urban Communities Authority (NUCA).

Redcon to Build 200 Units in Emaar Misr’s Mivida

• Wednesday, 30th November 2016
• by Karim Mohy

Redcon Construction has contracted with Emaar Misr to construct 200 residential units in Emaar’s Mivida project in New Cairo.

2,000 Social Housing Units to be Implemented in New Qena City

• Wednesday, 30th November 2016
• by Karim Mohy

A total of 2,000 social housing units will be developed in New Qena City at a total cost of EGP 290 mn by Al Khalifa Housing for Real Estate Investment and the Assiut Businessmen's Association, according Ahmed Arafa, head of the New Qena Authority.

Madbouly Approves Extending Project Deadlines for Contractors

• Wednesday, 30th November 2016
• by Karim Mohy

Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly approved extending project deadlines for contractors working on state projects for three months, and six months for projects involving electromechanical equipment, according to Hassan Abdel Aziz Chairman of the Egyptian Federation for Construction and Building Contractors.

Heliopolis Housing to Offer 240,000 acres of Land for New Projects

• Wednesday, 30th November 2016
• by Karim Mohy

Heliopolis for Housing & Development (HHD) will be implementing several projects the upcoming period, including the construction of facilities for 240,000 acres located on Suez Road which are set to be offered to private investors soon, according to Wael Mahmoud the company’s Deputy of CEO.

Contractors to be Compensated for Losses on State Projects

• Tuesday, 29th November 2016
• by Karim Mohy

The Egyptian Federation for Construction and Building Contractors has reached agreements with official bodies to compensate contractors for losses incurred due to the increase in prices of building materials following the flotation of the local currency, according to Hassan Abdel Aziz head of the Federation.

Wednesday Marks Last Day to Reserve Social Housing Units for Rent

• Tuesday, 29th November 2016
• by Karim Mohy

Around 6,800 applicants have reserved social housing units that are offered for rent, as the deadline for reserving these units is next Wednesday, according to Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly.