News / Egypt

New Social Housing Units Delivered in New Valley

The Ministry of Housing, Utilities, and Urban Communities has delivered residential units in New Valley governorate to low-income citizens on Thursday as part of Egypt’s social housing project.

New Water Treatment Plant to be Launched in Mostakbal City

El Mostkbal for Urban Development will launch a water treatment plant in New Cairo, the first phase of which will cost EGP 250 million, according to the company’s chairman Essam Nassif.

100 Social Housing Buildings Completed in New Aswan

The Ministry of Housing, Utilities, and Urban Communities announced the completion of 100 social housing buildings in New Aswan, while 101 others are set to be completed.

3 Suez Canal Tunnels to be Finalized by 2018

Orascom Construction and the Arab Contractors Company are partnering up to dig three tunnels under the Suez Canal that will be finalized by the end of 2018, according to Mohsen Salah, Chairman of the Arab Contractors Company.

NUCA Drafts Conditions for Purchase of Dar Misr Units

The New Urban Communities Authority (NUCA) has completed the drafting of the conditions for the purchase of over 10,000 units offered next month in the second phase Dar Misr project, targeting for middle-income citizens.

7,000 Units Under Construction to Replace Slums in Cairo

The Slum Development Fund will launch 7,000 residential units in the Manshiyet Nasr district in Cairo, over an area of 140 acres, in efforts to replace unsafe slums

Abraj Misr’s Total Investments Record EGP 7 B

Abraj Misr has announced that total investments in Egypt are currently worth EGP 7 billion ($788.2 million), with plans to take over the development of government-owned projects.

World Bank Commends Egyptian Social Housing Projects

Officials at the World Bank has praised the efforts made by the Egyptian Ministry of Housing, Utilities, and Urban Communities in the implementation of social housing schemes.

Real Estate Prices Increase by 25% in Obour City

Obour City is currently experiencing great demand on residential and commercial properties, according to real estate experts who projected an increase of property prices by over 25% compared to last year’s prices.

Madaar Promotes Units in Azha Ain Sokhna

Madaar, an Egyptian property developer, has marketed more than 400 high-end units in its Azha Ain Sokhna development, following the launch of the project at the beginning of this year.

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