2,400 Land Plots Delivered for Social Housing in New Tiba City

• Sunday, 20th November 2016
• by Karim Mohy

Approximately 2,400 land plots have been delivered in New Tiba City as part of a social housing program, according to Ashraf Fathy Abdelrahman, head of the New Tiba Authority.

Hill International Seeks to Manage New Administrative Capital

• Thursday, 17th November 2016
• by Karim Mohy

US-based Hill International, a real estate management firm, is in negotiations with the Egyptian Armed Forces Engineering Authority over managing the development of the New Administrative Capital, according to Waleed Abdel Fattah, Senior Vice President and North Africa Regional Manager of the firm.

Capital Group to Begin Construction for Alburouj First Phase

• Thursday, 17th November 2016
• by Karim Mohy

Capital Group Properties will launch construction in the first phase of their project Alburouj, under the name Acamar, at an investment cost of EGP 40 bn, according to Walid El-Hindi the company’s CEO.

Contractors Federation Suggest Resolutions to Economic Challenges in Construction

• Thursday, 17th November 2016
• by Karim Mohy

The Egyptian Federation for Construction and Building Contractors offered a number of suggestions to Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly in efforts to tackle challenges faced in the construction sector due to the pound flotation.

NUCA Extends Deadlines for Cooperative, Syndicate Housing Projects

• Thursday, 17th November 2016
• by Karim Mohy

The Ministry of Housing, Utilities, and Urban Communities agreed to extend the deadline for year for cooperative housing associations and professional syndicates who received lands from New Urban Communities Authority (NUCA) to finalize projects that have not yet been completed.

Housing Ministry Offers Land to Build Hospital in Upper Egypt

• Thursday, 17th November 2016
• by Karim Mohy

The Ministry of Housing, Utilities, and Urban Communities plans to offer land tenders in one of the new cities located in Upper Egypt to build a branch of Abo El Reesh Children’s Hospital in efforts to meet demand of residents in the area, according to Minister of Housing Mostafa Madbouly.

Dar Misr Unit Prices Increase Following Pound Flotation

• Wednesday, 16th November 2016
• by Karim Mohy

The Ministry of Housing, Utilities, and Urban Communities has increased the price per square meter in the cities included in the third phase of the Dar Misr project as a result of the flotation of the Egyptian Pound and the increasing prices of building material.

CFLD to Discuss Capital City Land Pricing with Housing Ministry

• Wednesday, 16th November 2016
• by Karim Mohy

Representatives from China Fortune Land Development (CFLD) will be meeting with the Egyptian Ministry of Housing, Utilities, and Urban Communities in the upcoming days to discuss the pricing for the first phase of land offered in the new Administrative Capital.

Egypt’s Annual Housing Shortage at 300,000 Units -Lafarge

• Wednesday, 16th November 2016
• by Karim Mohy

Egypt needs a major expansion plan for housing and infrastructure to tackle the annual shortage of residential units, which has recorded 300,000 units per year, according to Lafarge Egypt Country CEO Hussein Mansi.

Sodic Q3 2016 Net Profit up 38% y-o-y

• Wednesday, 16th November 2016
• by Karim Mohy

Sixth of October Development and Investment Company (Sodic) has recorded EGP 108 mn in net profit, marking a 38% year-on-year increase in the third quarter of 2016, according to an earnings release from the company on Tuesday.