Amid Devaluation, Real Estate Companies Re-Evaluate Sales Strategies

• Wednesday, 4th January 2017
• by Invest Gate

A number of real estate companies are reconsidering the pricing for their projects that will be executed this year due to the recent devaluation of the local currency.

Government Should Involve Private Sector in Housing Projects: Samih Sawiris

• Tuesday, 3rd January 2017
• by Farah Montasser

Business tycoon and Head of Orascom Development Sameh Sawiris urged the government to provide private companies with lands to help with the affordable housing project for low-income citizens.

Egypt’s Construction Sector’s Performance Tops All Across Middle East

• Tuesday, 3rd January 2017
• by Farah Montasser

Egypt’s construction market is the most successful in the entire Middle East and North Africa (MENA) region despite its current economic conditions, according to HSBC’s MENA Construction report that was released last week.

Alexandria Successfully Ends Heavy Rain Crisis

• Tuesday, 3rd January 2017
• by Farah Montasser

Minister of Housing, Utilities, and New Urban Communities Mostafa Madbouly has honored Head of the Rural Sanitation Company in Alexandria Mahmoud Nafea for managing the rain crisis in Alexandria that occurred due to the bad weather conditions of the past few weeks through rural sanitation channels, Invest-Gate reports

NUCA to Offer 500 Acres of Lands, New Cairo

• Tuesday, 3rd January 2017
• by Farah Montasser

The New Urban Communities Authority (NUCA) is to offer 500 acres of lands dedicated for partnership projects with the private sector in New Cairo, Al Borsa reports

Demand on Real Estate Increases 3% in December

• Tuesday, 3rd January 2017
• by Farah Montasser

A 3% increase in real estate demand has been noted in December 2016 compared to the 1.5% recorded in November of the same year, according to a released statement by Aqar Map, Invest-Gate reports

Slum Areas Enhanced in Several Governorates for EGP 1.5 Bn

• Monday, 2nd January 2017
• by Farah Montasser

Several slum areas have been enhanced across the country including Cairo, Qaliubya, Alexandria, Port Said, and Kafr El Sheikh at a total cost of EGP 1.5 bn, according to Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly, Al Borsa reports

Special Social Housing Units to be Implemented in Several Cities

• Monday, 2nd January 2017
• by Farah Montasser

The Ministry of Housing, Utilities, and Urban Communities is offering 35,000 social housing units for middle-income citizens in New Cairo, 6th of October City, Obour City, Badr City, New Minya, and New Damietta, reported Al Borsa

NUCA to Offer 5,000 Land Plots in Bait Al Watan

• Monday, 2nd January 2017
• by Farah Montasser

The New Urban Communities Authority (NUCA) will be offering 5,000 land plots in new cities as part of Bait Al Watan project offered on Egyptians abroad for an expected $ 1.8 bn, Al Borsa reports

Madbouly Follows up on Construction Updates Across the Country

• Monday, 2nd January 2017
• by Farah Montasser

Minister of Housing, Utilities and Urban Communities Mostafa Madbouly is following on current projects constructed in the new cities and on updates in Sheikh Zayed, according to a released statement, Invest-Gate reports