Gov’t to Provide Export Incentives for Construction Sector: Official

Khaled Abbas, deputy minister of housing for national projects, said that the housing ministry is currently seeking to provide export incentives to support the construction sector.

Egypt Targets Increasing Urban Areas to 12%: Official

Deputy Minister of Housing, Utilities, and Urban Communities for National Projects Khaled Abbas said that Egypt’s strategic plan targets increasing its urban areas to 12%, adding that the government is planning to ...

No Disputes With China’s CSCEC Over NAC’s Towers Project: Housing Ministry

The Egyptian Housing Ministry has disclaimed news published on Al Shorouk newspaper concerning some disputes with the ministry and China State Construction Engineering (CSCE) over the New Administrative Capital's ...

Exclusive: Africa’s Highest Skyscraper in NAC to be Managed by Raffles

Deputy Minister of Housing for National Projects Khaled Abbas has exclusively revealed to Invest-Gate that the ministry will soon announce its partnership with leading global hospitality company Raffles, which wil ...

NAC’s 1st Phase is 70% Sold Out: Spokesman

Official Spokesman for the New Administrative Capital (NAC) Khaled Elhusseiny said on December 11 that 70% of the land area in the new capital's first phase - a total of 17,000 acres - has been sold out

Gov’t to Deliver 360 Dar Misr Units in El Shorouk City

360 middle-income residential units are ready for delivery in the first two phases of Dar Misr project at El Shorouk City

Housing Ministry Inks MoU With Global Firm for New Projects in New Alamein

The Egyptian housing ministry has signed a memorandum of understanding (MoU) with global hospitality group Nikki Beach Hotels to operate and manage a hotel resort as well as a residential project in New Alamein, i ...

Gov’t Unveils Requirements for Granting Residency to Foreign Homebuyers

Deputy Minister of Housing for National Projects Khaled Abbas unveiled on November 4 the necessary requirements for foreigners who will be granted the Egyptian residency in return for purchasing a real estate prop ...

Madbouly, World Bank Discuss USD 500 mn Social Housing Loan

Prime Minister and Minister of Housing, Utilities, and Urban Development Mostafa Madbouly met a World Bank delegation on October 26 to discuss providing USD 500 mn loan he had requested from the bank in July to su ...

New Residential, Services Lands to be Offered in New Cities

Tarek El Sebai, Deputy Chairman of New Urban Communities Authority (NUCA) for Real Estate and Commercial Affairs, revealed that booklets of new 138 mixed-use residential plots and 112 mixed-use services plots were ...

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