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New Administrative Capital to Offer Lands, Finalize Agreements with Developers

The company handling the New Administrative Capital project is set to decide on offering the first phase of investment land plots, with total areas ranging between 3,000 to 3,500 acres.

Construction Begins on First Phase of ‘Water Valley’ Project in North Coast

Amlak for Real Estate has begun construction on the first phase of the Water Valley Resort located in the North Coast.

ALDAU Development to Launch 2 Real Estate Projects

ALDAU Development, a subsidiary of Sami Saad Holding, is developing ALDAU Heights and ALDAU Strand, two real estate projects in Hurghada.

Egypt to Develop Slums in Red Sea Cities

Slums located in Red Sea cities are expected to be developed by the Egyptian government at a cost of EGP 330 million, according to Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly.

Ministry of Housing Completes Construction of Facilities for 8,734 Units

The Ministry of Housing, Utilities, and Urban Communities has announced the completion of construction of units and facilities in 12 governorates across the country.

Ministry of Housing Studies Establishing Middle-Income Compounds

The Ministry of Housing, Utilities, and Urban Communities is studying a plan to establish compounds geared towards middle-income earners, an informed source said, Invest Gate reported.

5,706 Units for Rent in Social Housing Project

A total of 5706 units will be posted for rent as part of a social housing project that will be distributed among 10 governorates to citizens who have less than EGP 1500 worth of income next October.

Il Monte Galala Awarded Best Project at Cityscape Global 2016

Egyptian II Monte Galala, a project developed by Tatweer Misr won the Residential-Low Rise Project Award at Cityscape Awards Ceremony for Emerging Markets event for 2016

Red Sea to Deliver 850 Units, Eradicate Slums

About a total of 250 houses and 600 units will be delivered in area of Zarzara at Red sea next January as part of a plan to diminish slum areas and built further new residential developments for citizens residing in the area.

HCCD to Generate EGP 1B in 2016

Egypt’s state-owned Holding Company for Construction and Development (HCCD) is expecting to gain major profits worth of EGP 1 billion from several large national projects.

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