Capital Group Appoints Hassan Allam to Execute Al Burouj Townhouses

• Wednesday, 12th October 2016
• by Fatma Khaled

Capital Group Properties has assigned the construction of 250 townhouses in Al Burouj project in Shorouk City to Hassan Allam Contracting Company, which will commence construction work this month.

MFF Head: VAT, Dollar Value to Increase Real Estate Prices

• Wednesday, 12th October 2016
• by Fatma Khaled

The increasing value of the dollar and the new value-added tax (VAT) are expected to result in an increase in the prices of social housing units, according to Mai Abdel Hamid, Head of the Mortgage Finance Fund.

Housing Ministry to Remove Violations in New Cities

• Wednesday, 12th October 2016
• by Fatma Khaled

Five administrative orders have been issued by the Ministry of Housing, Utilities, and Urban Communities to remove violations in new cities, in efforts to preserve the image of new projects.

Tatweer Misr to Invest EGP 1.5 B in 2 Projects

• Wednesday, 12th October 2016
• by Fatma Khaled

Egyptian developer Tatweer Misr plans to develop two of its major projects, Fouka Bay and Il Monte Galala, with EGP 1.5 billion worth of investments next year.

MNHD Records 812% YoY Growth in Sales

• Tuesday, 11th October 2016
• by Fatma Khaled

Madinet Nasr Housing & Development (MNHD) has recorded a sales growth of 787% in September, and a 812% year-on-year growth.

Madinaty, NUCA Reach Settlement Over 8,000 Acres

• Tuesday, 11th October 2016
• by Fatma Khaled

The New Urban Communities Authority (NUCA) and Talaat Moustafa Group have agreed to settle a dispute over 8,000 acres in the Madinaty compound, following the Cabinet’s approval, according to Ragaa Fouad Head of the Project and Planning Department in NUCA.

Facilities to be Built for 16,000 Acres in New Nubaria

• Tuesday, 11th October 2016
• by Fatma Khaled

Approximately EGP 1.5 billion were allocated to build facilities for 16,000 acres of land in New Nubaria, according to Mahmoud El Nagdy Head of the New Nubaria Authority in the governorate of Beheira.

Azha Ain Sokhna Records EGP 11 B Sales

• Tuesday, 11th October 2016
• by Fatma Khaled

Madaar Development's Azha project in Ain Sokhna has recorded sales of EGP 11 billion, according to Gasser Bahgat, CEO of Madaar.

Egyptian Construction Investment in Africa Remains Minimal

• Monday, 10th October 2016
• by Fatma Khaled

Only three construction companies, out of 25 companies based in Egypt, are commencing work in other African countries, according to Daker Abdullah a member of the Egyptian Federation for Construction and Building Contractors.

Giza to Offer Land for Investment in New Industrial Areas

• Monday, 10th October 2016
• by Fatma Khaled

New investments opportunities are expected to be available in the industrial areas of Al Ayat, Al Saf and other area in the desert road located in Giza, according to Governor of Giza Kamal Al Daly.