Ministry of Housing Records EGP 22.2 bn in Sales in 2016

• Thursday, 29th December 2016
• by Farah Montasser

The Ministry of Housing, Utilities, and Urban Communities has sold land plots and residential units worth of EGP 22.2 bn in 2016, according to a statement by the ministry.

More Land Plots Available at 10th of Ramadan City in January

• Thursday, 29th December 2016
• by Farah Montasser

The New Urban Communities Authority (NUCA) has scheduled a public lottery to allocate 17,700 land plots in 10th of Ramadan City for social housing projects in January, reported Al Borsa

New Investment Law Approved

• Thursday, 29th December 2016
• by Farah Montasser

Egyptian Cabinet has approved the new Investment Law, according to Investment Minister Dalia Khorshid, reported Egypt’s National TV EgyNEws

FAC Calls for Massive Township Project

• Thursday, 29th December 2016
• by Farah Montasser

The Federation of Arab Contractors (FAC) is to a plan the construction of towns across the 22 Arab league nations, reported Reuters Zawya

Nakheel Plans Increase in Awarded Contracts

• Thursday, 29th December 2016
• by Farah Montasser

UAE-based real estate developer Nakheel Properties aims a 66% increase in value of awarded contracts, reported The National

Developmental Projects Decelerated at the New Capital

• Thursday, 29th December 2016
• by Farah Montasser

Due to Egypt’s current economic condition following the floatation of the pound and price increase of materials and production cost, many contractors have decreased the development rate at the Administrative Capital, ...

15th of May City Social Housing Project Adds 336 Units

• Wednesday, 28th December 2016
• by Farah Montasser

As part of the city’s social housing project, 15th of May City is to add around 336 units across 14 residential buildings, reported Al Mal

Saudi Arabia to Develop New Industrial City

• Wednesday, 28th December 2016
• by Farah Montasser

Saudi Arabia is to develop a new smart industrial city in Asfan, north of Jeddah, reported the Saudi Gazette.

Projects in Kuwait Stalled Due to Non-Payment of Dues

• Wednesday, 28th December 2016
• by Farah Montasser

Projects worth nearly KWD 4 bn are currently stalled in Kuwait due to the delay of payment of dues by the government, reported Reuters Zawya.

Damac Introduces Akoya Play

• Wednesday, 28th December 2016
• by Farah Montasser

UAE-based developer, Damac Properties, has introduced Akoya Play, a villa community in its Akoya Oxygen master-planned development, reported Trade Arabia.