New Cairo Awaits Delivery of 2 Phases of Sakan Misr

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has announced that New Cairo will witness the hand over a new batch of the Sakan Misr middle-income project's first and second phases from Nove ...

El Gazzar Follows Up on Delivery of Beit El Watan Plots

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has met with several ministerial officials to follow up on the handing over of land plots in the "Beit El Watan" project, which is being develo ...

Egypt’s Green Projects Stand at USD 1.9 bn: Minister

Finance Minister Mohamed Maait has confirmed that the country's eligible green projects amount to USD 1.9 bn (EGP 29.91 bn), which reflects the state's efforts to achieve the goals of its sustainable development s ...

SHMFF Agrees to Offer 125,000 Housing Units Across Egypt

The Board of Directors of the Social Housing and Mortgage Finance Fund (SHMFF) has approved the offering of 125,000 residential units (100,000 social housing and 25,000 middle-income housing units), as part of pha ...

Gov’t Reduces Building Code Violation Fines in New Cities

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has reduced fines and penalties ​​for reconciliation in building violations in new cities from 15% to 25%.

Cabinet Signs Off on Changes to Real Estate Funds Regulations

Egypt's Cabinet has approved some far-reaching legislative amendments to the Capital Markets Act, which governs real estate funds, in a bid to facilitate and reduce burdens halting property investment.

TSFE, Housing Ministry Discuss EGP 30 bn National Projects

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar and The Sovereign Fund of Egypt (TSFE) Chairperson Hala El Saeed have discussed means of cooperation in several national developments, at a com ...

NUCA Allocates 81 Lands for Integrated Urban Projects

The New Urban Communities Authority (NUCA) has approved the allocation of 81 land plots across 23 new cities for the establishment of various integrated urban projects, including schools, factories, hotels, hospit ...

NUCA Offers Almost 3,100 Plots in 11 New Cities via Lottery

The New Urban Communities Authority (NUCA) will offer 3,098 housing plots in 11 new cities, ranging between 209 and 287 square meters, through a land lottery system from September 15 to October 15.

Cabinet Nods Building 2 Non-Profit Universities in Egypt

Egypt's Cabinet has nodded the establishment of two non-profit universities in New Salhia and Sharm El Sheikh, in an attempt to better serve different areas and change the scope of higher education in Egypt.

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