Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has unveiled plans to deliver several housing units in Capital Residence, located in the New Administrative Capital's (NAC) R3 District, from January 3 to July 5.

Vice President of New Urban Communities Authority (NUCA) Abdulmutallab Mamdouh has inspected work on phase II of New Cairo's Dar Misr middle-income housing project, affirming that 1,625 apartments (69 residential buildings) are set for delivery starting from January 2021.

Vice President of the New Urban Communities Authority (NUCA) for Commercial and Real Estate Affairs Mohamed Anwar Hilal said investors can apply for acquiring two state-owned parcels of 880.99 and 21.83 acres, separately, across Giza, which are being reallocated for the development of additional urban areas.

New Plan Developments is currently in negotiations to take up its second real estate project in Port Said, as part of a cooperation protocol previously signed with the governorate.

Egypt's Orientals for Industrial Projects has revealed plans to complete the development of phase I of OIC, the newest integrated industrial city in Ain Sokhna, by April 2021.

First Group is on the verge to launch phase II of its commercial/administrative project in west Cairo's Sheikh Zayed, dubbed “Kazan Plaza," following the sell-out of 95% of the first batch of units.

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said Alexandria's New Borg El Arab is being developed as a full-service industrial city, incorporating 10 free zones and 45,054 residential units, with investments valued at EGP 5.33 bn thus far.

Egypt's Sixth of October Development and Investment Company (SODIC) has sold out EGP 1 bn worth of units at its New Zayed project, called “VYE," in 48 hours only due to the high demand.

Egypt's real estate developer Mountain View held the first edition of Future Offices International Summit at The Nile-Ritz Carlton, Cairo on September 22, under the patronage of Ministry of Housing, Utilities, and Urban Communities.

Six of October Development and Investment (SODIC) and Construction and Design (CONSTEC) inked on April 20 an EGP 210 mn construction contract for a residential project within SODIC West compound in Sheikh Zayed city, west Cairo.