El Batal Group to Launch Residential Project in New Cairo

• Wednesday, 2nd November 2016
• by Karim Mohy

A new residential project worth EGP 300 mn will be implemented in New Cairo by El Batal Group for Housing and Development, according to Emad Doss, the company’s Chairman.

Amer Group Acquires License to Build 23,000 Units in North Coast

• Tuesday, 1st November 2016
• by Karim Mohy

Egyptian developer Amer Group has received licenses to build an additional of 23,000 units in the North Coast.

Housing Minister Meets with World Bank Delegation

• Tuesday, 1st November 2016
• by Karim Mohy

Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly met with an evaluation delegation from the World Bank to discuss projects that are set to be undertaken in the drinking water and sewage sectors.

Real Estate Leasing Contracts Record EGP 10.4 bn

• Tuesday, 1st November 2016
• by Karim Mohy

Real estate leasing contracts have recorded EGP 10.4 bn from January to August 2016, according to Sherif Samy Chairman of Egyptian Financial Supervisory Authority (EFSA).

Sewage Project Tenders to be Offered to Developers

• Tuesday, 1st November 2016
• by Karim Mohy

The Housing Ministry will be offering tenders to developers next January in efforts to implement sewage projects in village of Al Rahawy in Giza, which is financed by the Kuwait Fund at a cost of KWD 45 mn.

Edmag Misr Pumps EGP 205 mn for Projects in North Coast, Matrouh

• Tuesday, 1st November 2016
• by Karim Mohy

Egyptian real estate company Edmag Misr is set to provide EGP 205 mn in investments for projects in Matrouh and the North Coast next year, according to Mahmoud Zayed, the company’s CEO.

Qatari Diar Pursuing International Arbitration over New Cairo Project -Source

• Monday, 31st October 2016
• by Karim Mohy

Qatari Diar is taking steps to proceed with international arbitration against Egypt over its vacant land plot in New Cairo meant to house its long-stalled residential project, with the Investment Ministry reportedly trying to intervene before the company takes action.

NUCA Demands Verification of Land Ownership in New Sohag City

• Monday, 31st October 2016
• by Karim Mohy

Citizens who own lands located at the “Basin 26” area of New Sohag City have been requested to submit their ownership documents to city’s authority to review their legal right to ownership within two weeks, according to Tarek El Sebaey, Supervisor of the Commercial and Real Estate Sectors at the New Urban Communities Authority (NUCA).

Applications Open for Social Housing Units in New Cities in December

• Monday, 31st October 2016
• by Karim Mohy

Reservation date for units in New Cities will be opened this December according to Mostafa Madbouly, the Minister of Housing, Utilities, and Urban Communities.

DMA to Discuss New City Development at AUC Conference

• Monday, 31st October 2016
• by Karim Mohy

DMA for Engineering Consultancy will hold an international conference to showcase the latest approaches in planning and designing new cities in collaboration with The Real Estate Program by the American University in Cairo’s School of Business and global design consultancy Callison RTKL.