Minister of Housing Urges Social Housing Rentals

• Monday, 4th July 2016
• by Heba Eid

Mostafa Madbouly, Minister of Housing, Utilities and Urban Communities, commissioned officials of the social housing project to quickly setup rental system for residential units especially for governorates that need it the most.

Amer Group to Pay EGP 73M in Violations

• Monday, 4th July 2016
• by Heba Eid

Amer Group is requested to pay EGP 73 million in fines by Touristic Villages Organization for utilizing pier of Marina El Alamein Center in addition to the other installments of Porto Marina land in North Coast.

Real Estate Prices in Heliopolis Rise by Almost 30% in H1 2016

• Monday, 4th July 2016
• by Heba Eid

Real estate prices in Heliopolis rose by 20-30% by the end of the first half (H1) of 2016 compared to the same period, last year.

Housing Ministry to Offer Plots to Real Estate Investment

• Monday, 4th July 2016
• by Invest Gate

Ministry of Housing, Utilities, and Urban Communities is currently working on scanning and preparing a list of all land in Egypt that can be offered for real estate investment purposes, Assistant Minister of Housing for Technical Affairs, Khaled Abbas told Invest Gate in an exclusive statement.

Egyptian Mortgage Sector Sees 12% Growth

• Sunday, 3rd July 2016
• by Heba Eid

The Egyptian mortgage sector rose by 12% in the first 5 months of 2016, said Sherif Samy, Chairman of the Egyptian Supervisory Authority.

Tahrir’s Mogamma Evacuation Begins

• Sunday, 3rd July 2016
• by Heba Eid

The evacuation of Tahrir Mogamma (Tahrir Complex), the infamous administrative building in Tahrir Square, has commenced, announced Galal Said, Cairo Governor.

Administrative Capital Sets Land Prices

• Sunday, 3rd July 2016
• by Heba Eid

Administrative Capital Company for Urban Development, in collaboration with New Urban Communities Authority (NUCA), identified investment land prices for the New Administrative Capital.

Arab Contracters Won EGP 100M Infrastructure Contract

• Sunday, 3rd July 2016
• by Heba Eid

Arab Contractors Company, Egypt-based construction company, won the tender put forth by Sadat City Authority to expand the regional road and build 2 bridges at a cost of EGP 100 million.

Madbouly Announces New Stage of PPP Propjects

• Sunday, 3rd July 2016
• by Heba Eid

A new phase of private-public partnership (PPP) projects will commence after Eid Al-FItr, announced Mostafa Madbouly, Minister of Housing, Utilities, and Urban Development.

Housing Ministry and World Bank Agrees on Indexing Property Prices in New Cities

• Sunday, 3rd July 2016
• by Invest Gate

Ministry of Housing, Utilities, and Urban Communities and the World Bank are currently working on a joint project to index prices of properties in news cities. The purpose of the project is to monitor the local real estate market trends.