Commercial Units in Badr City Sold

• Monday, 9th January 2017
• by Farah Montasser

Badr City sold 18 commercial units and two pharmacies in a public lottery last week, with commercial units sold at a price EGP 33,000 per square meter and the pharmacies sold for EGP 50,100 per square meter, Al Mal notes

SECON to Invest EGP 2 Bn in Egypt in 2017

• Monday, 9th January 2017
• by Farah Montasser

Saudi Egyptian Construction Company (SECON) is to pump investments worth EGP 2 bn worth of projects in Egypt during full-year 2017 in an effort to promote the company’s strategy to achieve revenues, according to Chai ...

Transferring to Social Housing Project located in New Cities to begin Sunday

• Monday, 9th January 2017
• by Farah Montasser

Social Housing applicants for the eighth social housing offering located in Giza, Qaliubya, Alexandria, and Sharqiya are given a period starting next Sunday to transfer their applications to four new cities, Al Borsa ...

APG Finalizes Panorama Green Mountain Project

• Monday, 9th January 2017
• by Farah Montasser

Architecture and Planning Group (APG) has completed the construction of Nasr City’s Panorama Green Mountain Project at a total investment cost of EGP 600 mn, the company’s Branch Manager Mohamed Hassan told Amwal El Ghad

Religious Developments to be Established in the Administrative Capital

• Sunday, 8th January 2017
• by Farah Montasser

The Armed Forces Engineering Authority have started implementing a mosque and a church, Saint Mark’s Cathedral, in the new Administrative Capital City at a total investment cost of EGP 400 mn, Al Borsa reported

Government Should Involve Private Sector in Housing Projects: Samih Sawiris

• Tuesday, 3rd January 2017
• by Farah Montasser

Business tycoon and Head of Orascom Development Sameh Sawiris urged the government to provide private companies with lands to help with the affordable housing project for low-income citizens.

Egypt’s Construction Sector’s Performance Tops All Across Middle East

• Tuesday, 3rd January 2017
• by Farah Montasser

Egypt’s construction market is the most successful in the entire Middle East and North Africa (MENA) region despite its current economic conditions, according to HSBC’s MENA Construction report that was released last ...

Alexandria Successfully Ends Heavy Rain Crisis

• Tuesday, 3rd January 2017
• by Farah Montasser

Minister of Housing, Utilities, and New Urban Communities Mostafa Madbouly has honored Head of the Rural Sanitation Company in Alexandria Mahmoud Nafea for managing the rain crisis in Alexandria that occurred due to ...

NUCA to Offer 500 Acres of Lands, New Cairo

• Tuesday, 3rd January 2017
• by Farah Montasser

The New Urban Communities Authority (NUCA) is to offer 500 acres of lands dedicated for partnership projects with the private sector in New Cairo, Al Borsa reports

Demand on Real Estate Increases 3% in December

• Tuesday, 3rd January 2017
• by Farah Montasser

A 3% increase in real estate demand has been noted in December 2016 compared to the 1.5% recorded in November of the same year, according to a released statement by Aqar Map, Invest-Gate reports