Real Estate Companies to be Compensated for their Losses
Through recent mechanisms adapted by the Construction Companies’ Compensations Committee, the Egyptian government is to compensate real estate developers under government contracts for their losses, reported Daily Ne ...
Half a Million Social Housing Units Being Implemented Across Egypt
Approximately half a million social housing units are currently being implemented in different phases, Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly at the second international conference for ...
Ardic Sells 600 Units in Zizinia New Cairo
Ardic for Real Estate Development has sold a total of 600 out of 1,800 units in its Zizinia project in New Cairo, and is studying increasing the EGP 8,000 price per meter square as a result of the recent economic dec ...
Construction Tenders in Badr, Obour, New Damietta
The Badr City Development Authority (BCDA) will offer five tenders to build commercial markets in the social housing district, in District No.5, said Mostafa Fahmy, Head of the Authority.
Madbouly Urges Finalization of New Al Alamein Infrastructure and Utilities Work
Minister of Housing, Utilities and Urban Communities, Moustafa Madbouly has recently conducted a field visit to New Al Alamein City, during which he checked on the progress of infrastructure and utilities work in pha ...
Jumeirah to Launch EGP 15B Project in Ras El Hekma
Jumeirah Real Estate Investment and Sakan Development officially launched Jumeirah Bay Ras El-Hekma project located in Ras El Hekma Bay on the North Coast.
Egypt’s Moukhtar Ibrahim to Expand Regionally
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.
New Convention Center in New Capital to Cost EGP 5.2 B
The infrastructure work of the new convention center in the new administrative capital is currently underway, at a cost of EGP 5.3 billion ($600 million), said Minister of Industry and Foreign Trade, Tarek Kabil.
