News / Egypt

Slum Development Fund: EGP 470 M Towards South Sinai, Port Said

The slum development fund allocated EGP 470 million for the development of dangerous districts in Southern Sinai and Port Said.

NUCA Approves 4 Plots of Land for Japanese Model School System

The Board of Directors of the New Urban Communities Authority (NUCA) approved the allocation of 4 plots for the establishment of schools on the Japanese Model, announced Mostafa Madbouly, Minister of Housing.

Strategic Plans for New Obour City Underway

Strategic plans for New Obour City have officially begun and are expected to be finalized by 2018, Ragaa Fouad, Vice President of New Urban Communities Authority (NUCA).

NUCA, GAFI to Offer Lands in September

New Urban Communities Authority (NUCA), in cooperation with General Authority for Investment, will offer a new phase of service land tenders in September.

CBE Pumps EGP 3.4B into Mortgage Finance Sector

The Central Bank of Egypt has loaned EGP 3.4 billion, through banks, to customers to purchase property under its mortgage initiative.

Burj Global Invests EGP 630M in New Cairo Project

Burj Global for Real Estate, a Kuwait-based company, launches the development of an integrated residential project on Street 90 in New Cairo.

Social Housing Fund Approves Series of Low-Income Housing Projects

A number of resolutions for social housing projects have been made by the Social Housing Fund, to serve low-income citizens according to certain criteria

NUCA Extends Payment Period for Winners in Dar Misr Housing Project

The payment period for the winners of the first phase of the Dar Misr middle-income housing project has been extended to October 2016.

Maalem Group: 2017 to See Residential Projects Delivered

Maalem Group, an Egypt-based construction company, will deliver numerous residential projects in New Cairo early 2017, said Islam Amer, Maalem Group's Marketing Manager.

La Mora Beach First Phase to Deliver in 2019

Step One, an Egypt-based real estate developer, is set to deliver the first phase of La Mora Beach North Coast by 2019, announced Belal Ayman, Step One's sales manager.

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