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 ...

ARDIC to Pump EGP 500 mn in Zizina El Mostakbal

ARDIC for Real Estate and Investment Development is to invest EGP 500 mn to complete construction works for the first phase of Zizinia El Mostakbal project that spreads on 70 acres in New Cairo, reported Al Mal

Road Tunnels in Suez Canal to Cost Roughly EGP 18 to 19 bn

At roughly an estimate of EGP EGP 18 to 19 bn, Arab Contractors, in partnership with Orascom Construction, are to implement two road tunnels as part of the Suez Canal project in Port Said, reports Al Mal

Moukhtar Ibrahim Co. Hits The New Capital With Six Residential Projects

Egyptian Real Estate Developer Moukhtar Ibrahim is to set foot into the new Administrative Capital with six residential buildings at a total cost of EGP 75mn, reported Amwal El Ghad

Approximately 200,000 Social Housing Units Completed Across Egypt

Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly confirmed the completion of approximately 200,000 social housing units with plans to reach 500,000 homes by the end of 2017 during the 33rd Counc ...

Egypt Showcases Housing developments at an Arab Council, Riyadh

Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly accompanied by a delegation from ministry headed to Riyadh, Saudi Arabia, to discuss the housing development in Egypt at the 33rd Council of Arab ...

Tunnel Projects Progress in Suez Canal

Projects underneath the Suez Canal as part of the canal’s development, including its expansion of last year, are being implemented, Invest-Gate reports

New Fayoum Completes 307 Social Housing Units

New Fayoum City has completed approximately 307 social housing units at a cost of EGP 40 mn, according to Ashraf Abdel Rahman head of the City’s Authority, reported Al Mal

Commercial Complex to be Developed in New Minya

Land plots measuring a total of 13 acres have been prepared to develop a commercial/service project in New Minya City with the meter square priced at EGP 1,315, according to Mohamed Al Kosary head of the City’s Autho ...

Special Lands in Beit Al Watan Made Available for Egyptians Abroad

The New Urban Communities Authority (NUCA) will be offering special new land plots for Beit Al Watan project for Egyptians abroad, reported Al Borsa

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