World Bank Loans $550 M for Sewage Treatment Service in 155 Towns

• Thursday, 4th August 2016
• by Heba Eid

The Ministry of Housing signed a consultancy contract with the World Bank to finance the sustainable sewage services program in rural areas.

Ministry of Housing to Offer 58,800 Plots in Land Tender for Individuals

• Wednesday, 3rd August 2016
• by Heba Eid

The Ministry of Housing will start selling the terms of reference brochures for public land tender for individuals, starting Sunday August 7th.

EFSA: Property, Land Leasing Represents 73% of Leasing Contracts

• Wednesday, 3rd August 2016
• by Heba Eid

Property and land leasing represent 73% of leasing contracts, with costs of EGP 8 billion, said Sherif Samy, Head of the Egyptian Financial Supervisory Authority.

NUCA Invites Developers for PPP Auction

• Wednesday, 3rd August 2016
• by Heba Eid

The New Urban Communities Authority is preparing to invite a number of real estate developers to compete in a new phase of public-private partnership (PPP) projects.

Delivery of New Cairo Middle Income Housing Delayed

• Wednesday, 3rd August 2016
• by Heba Eid

The Ministry of Housing announced that it will not be able to deliver the first phase of the middle-income social housing project in New Cairo within the scheduled time frame, which was set for June 2016.

Cabinet Approves CGP’s Al Burouj Project

• Wednesday, 3rd August 2016
• by Heba Eid

Capital Group Properties (CGP) for real estate development received the cabinet approval of the Al Buruj project and offering the units for the public.

KPM Invests EGP 350M in Sharm El Sheikh

• Tuesday, 2nd August 2016
• by Heba Eid

Kuwait Projects Managment (KPM), Kuwait-based real estate marketing company, will purchase a tourist residential project in Sharm El-Sheikh, announced Dani Khalil, KPM's vice chief executive.

HELI Reaps 95.6% Increase in Profits

• Tuesday, 2nd August 2016
• by Heba Eid

Heliopolis Company for Housing and Development announced a 95.6% increase in net profits for the current fiscal year, compared to last year.

Wadi Degla to Record EGP 6B in Sales for 2016

• Tuesday, 2nd August 2016
• by Heba Eid

Egypt-based real estate developer Wadi Degla Developments expects its sales revenues record EGP 6 billion during the current year, marking a 50% increase compared to last year, said Amr Al Kady, deputy CEO of Wadi Degla.

Mortgage Firms Grant EGP 540M in 2016

• Tuesday, 2nd August 2016
• by Heba Eid

Egyptian mortgage firms granted EGP 540 million during the first half of 2016, compared to EGP 542 million in the same half of the previous year.