Egyptian Government to Adjust Building Contract Prices
The Egyptian Cabinet has approved on adjusting prices of contracts for the implementation of 75,000 social housing units in 6th of October City, Badr City, and Obour City, to be revalued at EGP 145,000 per unit. Cabinet Approves Deadline Extension for Real Estate Projects
Following numerous requests from contractors to postpone projects delivery dates, the Egyptian Cabinet has agreed to extend deadlines on real estate projects, according to Head of the Egyptian Federation for Construc ...
Price of Construction for Social Housing Units Set to Increase
The Ministry of Housing, Utilities and Urban Communities is preparing for an increase in the cost of building social housing units, to record EGP 155,000 per unit instead of EGP 135,000, in the contracts that will be ...
Cabinet Approves New Conditions for Social Housing Reservations
The Cabinet has approved amendments to the prerequisite conditions to reserve social housing units in an effort to facilitate the process for applicants.
Real Estate Developers to Construct Social Housing Projects
The Cabinet approved on the draft of terms and conditions regarding collaboration with real estate developers in building units in the Social Housing Project aimed at low-income citizens.
Ministry of Housing’s Request to Build in Forest Protectorate Approved
The Cabinet approved the Ministry of Housing's request to utilize land in the Petrified Forest Protectorate in Cairo to establish residential units.
Real Estate Prices Projected to Increase due to VAT, Pound Devaluation
The parliament's General Committee is currently discussing the approval or rejection of the value-added tax (VAT) law submitted by the government on August 28.
112,000 Acres Offered in Public Tender Next Month
A total of 112,000 acres from the 1.5 million acres land reclamation project will be offered next month, announced the CEO of New Egyptian Countryside Development (NECD).
