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.

Housing Ministry to Offer 57,474 Plots in Supplementary Draw

• Sunday, 10th July 2016
• by Invest Gate

Ministry of Housing, Utilities, and Urban Communities is planning to offer 57,474 plots in a supplementary draw. The draw is aimed at citizens who applied to the previous 21,398 plots draw and were not allotted land.

Egypt’s Moukhtar Ibrahim to Expand Regionally

• Sunday, 10th July 2016
• by Heba Eid

Moukhtar Ibrahim, Egypt-based construction firm, plans to open two branches in Algeria and UAE, by the end of 2016, announced its chairman, Fayek El Banna.

Madbouly: EGP 30B Investment in Water and Sanitation Projects

• Sunday, 10th July 2016
• by Heba Eid

Around 424 water network and sanitation projects have been implemented in Egypt with investment costs of EGP 30 billion, since President Abdel Fattah Al Sisi has been in office, said Mostafa Madbouly, Ministry of Housing, Utilities and Urban Development.

New Alamein City to See EGP 3B Investment

• Sunday, 10th July 2016
• by Heba Eid

A recent report by the Ministry of Planning revealed development costs for New El Alamein city for the 2016/2017 fiscal year is estimated to be EGP 3 billion.

Al Ahly to Deliver 1,286 Units in Amwaj

• Tuesday, 5th July 2016
• by Heba Eid

Al Ahly for Real Estate Development intends to hand 1,286 residential units as part of the Amwaj project in 2017, said its Chairman, Hussein Sabbour.

Madar to Invest EGP 4.5 B in Real Estate Market in 2017

• Tuesday, 5th July 2016
• by Heba Eid

Madar Holding Company for Real Estate Development is set to invest EGP 4.5 billion in the real estate market in 2017 and launch new projects, revealed Gasser Bahgat, the company’s Board of Directors Chairman and Managing Director.

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.