Heliopolis Company Set to Sign EGP 100M Contract for Water Plant

• Thursday, 14th July 2016
• by Heba Eid

Heliopolis Company for Housing and Development, Egypt-based construction company, plans to sign a contract within two weeks to implement water tertiary treatment plant in New Heliopolis City, said Khaled Marasi, its Managing Director.

Al Ayat Water Network Expansion to be Ready End of September

• Wednesday, 13th July 2016
• by Invest Gate

In a field visit to the work site of Al Ayat water supply network expansion, in Al Ayat city, Minister of Housing, Utilities, and Urban Communities, Moustafa Madbouly, stressed on the need to boast the work process in order to complete the project by end of September, Invest Gate reported.

Eradicating Informal Settlement Areas is Government’s Top Priority

• Tuesday, 12th July 2016
• by Heba Eid

President Abdel Fattah Al-Sisi stated the government’s commitment to eradicating informal housing settlements (ashwa’yat) through the social housing projects implemented by the state.

Deadline Extended to Reserve Units at Beit Al-Watan Project

• Tuesday, 12th July 2016
• by Heba Eid

The Egyptian cabinet agreed to extend the land reservation deadline for Egyptian expatriates for the Beit Al-Watan project and the units at the Rehab and Madinaty project until July 21st due to numerous national holidays in this period, announced Mostafa Madbouly, Minister of Housing.

Infrastructure Updates on Administrative Capital New Toshka and New Alamein Projects

• Tuesday, 12th July 2016
• by Invest Gate

National projects including infrastructure, social housing, and utilities are in full swing over the Administrative Capital, New Toshka and New Alamein Cities, announced Moustafa Madbouly.

Slum Development Fund to Embark on New 200 Acre Project

• Tuesday, 12th July 2016
• by Invest Gate

A new urban development project is due to be built in Al Salam district, east Cairo on the Belbeis Road over a 200 acre area. The project is a collaboration between the Slum Development Fund and the Integrated Urbanism and Sustainable Design Program at Ain Shams University.

Madbouly Reviews in Numbers Housing Ministry Achievements in 2 Years

• Monday, 11th July 2016
• by Invest Gate

Minister of Housing, Utilities, and Urban Communities, Moustafa Madbouly, reviewed in numbers the ministry’s achievements over the course of two years. Achievements focused on water and sewage projects, roads, and slum development.

Rental Properties to See a 25% Spike During Summer Months

• Monday, 11th July 2016
• by Heba Eid

Summer rentals are expected to increase by 25% this summer, according to real estate market stakeholders, the highest increase in rental prices.

FEI: A Spike in Real Estate Prices Expected

• Monday, 11th July 2016
• by Heba Eid

Real estate prices are expected to rise in the upcoming period due to the increase in construction material prices, according to Ahmed Abdel Hamid, chairperson of the Building Materials Chamber at the Federation of Egyptian Industries.

800 Acres to be Reclaimed in Aswan’s Al-Nakra Valley

• Monday, 11th July 2016
• by Heba Eid

M2 Developments, previously known as Misr Al Mahrousa, an Egypt-based real estate developer, plans to reclaim 800 acres in Al-Nakra Valley in Aswan by the end of 2016, said Mostafa Aboul Fotouh, its CEO.