Deadline Extended to Reserve Units at Beit Al-Watan Project

• Tuesday, 12th July 2016
• by Heba Eid

The Egyptian cabinet agreed to extend the land reservation deadline for Egyptian expatriates for the Beit Al-Watan project and the units at the Rehab and Madinaty project until July 21st due to numerous national holidays in this period, announced Mostafa Madbouly, Minister of Housing.

Infrastructure Updates on Administrative Capital New Toshka and New Alamein Projects

• Tuesday, 12th July 2016
• by Invest Gate

National projects including infrastructure, social housing, and utilities are in full swing over the Administrative Capital, New Toshka and New Alamein Cities, announced Moustafa Madbouly.

Slum Development Fund to Embark on New 200 Acre Project

• Tuesday, 12th July 2016
• by Invest Gate

A new urban development project is due to be built in Al Salam district, east Cairo on the Belbeis Road over a 200 acre area. The project is a collaboration between the Slum Development Fund and the Integrated Urbanism and Sustainable Design Program at Ain Shams University.

Madbouly Reviews in Numbers Housing Ministry Achievements in 2 Years

• Monday, 11th July 2016
• by Invest Gate

Minister of Housing, Utilities, and Urban Communities, Moustafa Madbouly, reviewed in numbers the ministry’s achievements over the course of two years. Achievements focused on water and sewage projects, roads, and slum development.

Rental Properties to See a 25% Spike During Summer Months

• Monday, 11th July 2016
• by Heba Eid

Summer rentals are expected to increase by 25% this summer, according to real estate market stakeholders, the highest increase in rental prices.

FEI: A Spike in Real Estate Prices Expected

• Monday, 11th July 2016
• by Heba Eid

Real estate prices are expected to rise in the upcoming period due to the increase in construction material prices, according to Ahmed Abdel Hamid, chairperson of the Building Materials Chamber at the Federation of Egyptian Industries.

800 Acres to be Reclaimed in Aswan’s Al-Nakra Valley

• Monday, 11th July 2016
• by Heba Eid

M2 Developments, previously known as Misr Al Mahrousa, an Egypt-based real estate developer, plans to reclaim 800 acres in Al-Nakra Valley in Aswan by the end of 2016, said Mostafa Aboul Fotouh, its CEO.

Housing Ministry to Offer 57,474 Plots in Supplementary Draw

• Sunday, 10th July 2016
• by Invest Gate

Ministry of Housing, Utilities, and Urban Communities is planning to offer 57,474 plots in a supplementary draw. The draw is aimed at citizens who applied to the previous 21,398 plots draw and were not allotted land.

Egypt’s Moukhtar Ibrahim to Expand Regionally

• Sunday, 10th July 2016
• by Heba Eid

Moukhtar Ibrahim, Egypt-based construction firm, plans to open two branches in Algeria and UAE, by the end of 2016, announced its chairman, Fayek El Banna.

Madbouly: EGP 30B Investment in Water and Sanitation Projects

• Sunday, 10th July 2016
• by Heba Eid

Around 424 water network and sanitation projects have been implemented in Egypt with investment costs of EGP 30 billion, since President Abdel Fattah Al Sisi has been in office, said Mostafa Madbouly, Ministry of Housing, Utilities and Urban Development.