New Vision Set to Launch 5 New Projects for EGP 70 M

• Saturday, 25th June 2016
• by Nadine Abou el Atta

New Vision, a real estate investment company, aims to raise their investment portfolio in the Egyptian market to EGP 1 billion through investments in New Cairo, and Mohandessin, by the end of 2019, said Chairman of the Board of Directors, Mohamed Kamal.

GAFI Discussions Ongoing to Develop Taba-Nuweiba Region

• Saturday, 25th June 2016
• by Nadine Abou el Atta

There are ongoing discussions by the General Authority for Investment (GAFI) to put Taba and Nuweiba on the global investment map for tourism and investment, said member of the Nuweiba-Taba Tourism Investors Association, Hany Gawish, according to Daily News Egypt.

SECON Braces for 4 Star Hilton Hotel in New Damietta

• Thursday, 23rd June 2016
• by Nadine Abou el Atta

The Saudi-Egyptian Construction Company (SECON) has signed with Hilton Worldwide, an agreement of managing a 4 star hotel in New Damietta City, as part of SECON Resort project, an investments worth EGP 120 million, Al Mal reported.

Ministry of Housing Offers 27,876 Social Housing Units in 17 Governorates

• Thursday, 23rd June 2016
• by Invest Gate

The Ministry of Housing has started the implementation of 27,876 residential units, in 17 governorates, to mark the third phase of the social housing project.

Government Opens Online Reservations for Beit Al Watan Project

• Sunday, 19th June 2016
• by Invest Gate

Ministry of Housing, Utilities, and Urban Development announced on the 19th of June, the launch of its website for reserving units and land lots in the new phase of Beit Al Watan project. The project is tailored for Egyptians living abroad, and reservation will only be available for a period of three weeks, Invest Gate reported.

Housing and Sports Ministers Discuss Implementation of Sports Complex in Administrative Capital

• Thursday, 9th June 2016
• by Invest Gate

Minister of Housing, Utilities and Urban Communities, Moustafa Madbouly and Minister of Youth and Sports, Khaled Abdel Aziz, held a meeting to discuss the implementation of the recreational sports complex in the new administrative capital.

Government Recovers 130 Acres in 10th of Ramadan

• Tuesday, 7th June 2016
• by Invest Gate

130 acres behind Al Ghaba Al Sadsa area in 10th of Ramadan have been reclaimed after the removal of all infringements and transgressions, Adel Saeed Al Naggar, Head of the 10th of Ramadan City Development Authority told Invest Gate.

Housing Ministry to Remove 30,000 Sqm of Encroachments in New Thebes

• Tuesday, 7th June 2016
• by Invest Gate

Ministry of Housing, Utilities and Urban Communities, Moustafa Madbouly issued an administrative decision to remove all infringements over an area of 30,000 square meters owned by the New Urban Communities Authority (NUCA), in region one in New Thebes City.

Sodic Delivers Phase 2 of Eastown Units in July

• Monday, 6th June 2016
• by Invest Gate

Six of October Development and Investment (Sodic) announced that it will deliver phase II units of Eastown projects in New Cairo in July 2016.

El Safwa Targets Selling EGP 200M of Residential Projects in New Cairo

• Monday, 6th June 2016
• by Invest Gate

El Safwa Real Estate Investment Company is currently targeting the selling of 25 villas in Al Andalus area, in New Cairo, for EGP 200 million.