affordable housing
-
Developers
Ghabbour, Other Investors Acquire NCHD for USD 50 mn
Monday, 21 December 2020
Some Egyptian businessmen have recently acquired the New City Housing and Development Company (NCHD), a subsidiary of Orascom Development Egypt (ODE), through an English investment fund and one of GB Capital companies owned by Raouf Ghabbour, in a move valued at USD 50 mn (EGP 787.1 mn).
-
Developers
ODE Sells 35.25% Stake in Subsidiary for Almost EGP 129 mn
Tuesday, 15 December 2020
Orascom Development Egypt (ODE) has signed off on selling a 35.25% stake in its subsidiary New City Housing and Development Company (NCHD), at a total cost of EGP 128.6 mn, in line with its strategic plans to reinforce core business areas.
-
Developers
IGI Lists Homes at Ashghar City Under CBE Initiative
Monday, 9 November 2020
IGI Real Estate says residential units at its gated community in west Cairo, “Ashgar City,” are now listed under the Central Bank of Egypt (CBE) real estate financing initiative, in a move that aims at revitalizing the country's mortgage industry by offering convenient payment facilities for potential buyers.
-
Government
Gov’t Almost Finishes 1,128 Homes at Badr City’s Dar Misr Project
Tuesday, 14 July 2020
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has revealed that 1,128 residential units (47 buildings) within phase II of Badr City's Dar Misr middle-income housing project are 95% complete.
-
Government
CBE Gets Go-Ahead to Extend EGP 30 bn for Extra Social Housing
Wednesday, 8 July 2020
The Central Bank of Egypt (CBE) has been given the green light to extend EGP 30 bn, partly borne by the finance ministry, for subsidizing the execution of 250,000 social housing units nationwide until 2023.
-
Government
Gov’t Delivers Almost 800 Social Housing Units in New October
Wednesday, 1 July 2020
West Cairo's New October City is witnessing the gradual handover of 792 social housing units in the 800-acre neighborhood.
-
Developers
Cost-Effectiveness & Affordability Meet at Housing Clusters: Shalaby
Tuesday, 16 June 2020
Tatweer Misr President & CEO Ahmed Shalaby has confirmed that the development of interconnected rooftop amenities within clusters of buildings, providing essential facilities and services, is a strong tactic to ensure cost-effectiveness and affordability.
-
Government
Gov’t Almost Finalizes 4,704 Units in New Mansoura
Monday, 18 May 2020
Egyptian housing ministry finished 90% of 4704 units, or 196 buildings, at the first phase of Sakan Misr middle-income project in New Mansoura.
-
Government
New Damietta Sees Almost 3,400 Sakan Misr Units Done
Sunday, 17 May 2020
New Damietta saw the completion of 3,384 residential units, or 141 apartment buildings, as part of the Sakan Misr social housing project, while 1,440 others are underway.
-
Government
Egypt’s Social Housing Program Costs EGP 243 bn: Minister
Wednesday, 13 May 2020
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said a total of EGP 243 bn is required to implement Egypt's Social Housing Program, which involves the establishment of 1 mn units.
Latest News
-
Palm Hills Developments Records EGP 10.7 bn in Sales in H1
-
GV Development Contracts Amarenco Solarize for Tarboul City
-
El-Sisi Follows up on Current Executive Position of Ministry of Housing's Projects
-
Crédit Agricole, Beta Egypt Sign Cooperation Protocol
Subscribe to Newsletter

Stock | Price | Change % | Volume |
MENA | 1.78 | -9.64% | 114,073 |
ZMID | 40.80 | 7.49% | 820,234 |
UEGC | 0.81 | -2.30% | 2,509,984 |
PHDC | 1.74 | -0.23% | 123,459 |
TMGH | 7.14 | 0.00% | 3,534 |
Last Modified January 3, 2022