Madbouly: NUCA’s Investment Budget for 2016 Registers EGP 37 bn

• Sunday, 27th November 2016
• by Karim Mohy

The investment budget of the New Urban Communities Authority (NUCA) has grown from EGP 5 bn for 2013/2014 to EGP 6 bn at the end of 2014 to EGP 37 bn for 2016, according to Minister of Housing, Utilities, and Urban C ...

Public Lottery Announced to Distribute 2,654 Land Plots in Badr City

• Sunday, 27th November 2016
• by Karim Mohy

A public lottery will take place Sunday at the Arab Contractors Stadium to allocate 2,654 land plots located in Badr City as part of the scheme for allocating 16,400 land plots in eight new cities.

Housing Ministry Signs Protocol with Real Estate Chamber to Resolve Developers’ Issues

• Sunday, 27th November 2016
• by Karim Mohy

Mostafa Madbouly, Minister of Housing, Utilities, and Urban Communities and Tarek Shoukry, Head of the Chamber of Real Estate Developers at the Federation for Egyptian Industries, signed a cooperation protocol aiming ...

Housing Ministry Demands More Clout in New Investment Law -Sources

• Thursday, 24th November 2016
• by Karim Mohy

The Ministry of Housing, Utilities, and Urban Communities is seeking to expand its authority in offering lands through the General Authority for Investment and Free Zones (GAFI), as well as a greater role for the New ...

600 Social Housing Units to be Built in Badr City

• Sunday, 20th November 2016
• by Karim Mohy

The New Urban Communities Authority (NUCA) has offered tenders for 600 residential units to Cairo Building Maintenance & Decoration Co. LLC, in efforts to complete the second phase of the social housing project locat ...

Developers Postpone Sales to Re-price Products

• Monday, 14th November 2016
• by Karim Mohy

Several real estate companies have suspended sales of residential units to reprice amid increases in interest rates nationwide.

Housing Ministry to Establish Social Housing Units in New Cairo

• Monday, 14th November 2016
• by Karim Mohy

The Ministry of Housing, Utilities, and Urban Communities will establish between 8,000 and 10,000 social housing units with floorplans of approximately 90 square meters as a first phase of a social housing scheme loc ...

1,100 Residential Units to be Constructed in Gulf of Suez

• Thursday, 10th November 2016
• by Karim Mohy

The New Urban Communities Authority (NUCA) allocated 1,100 residential units to be constructed by International Construction for Contracting and El Shark Real Estate, as part of the second phase of the social housing ...

Developers fear Government Competition in Real Estate Market -Sources

• Wednesday, 9th November 2016
• by Karim Mohy

Small and medium-sized real estate companies are reportedly growing concerned following the Housing Ministry’s offering of units at an unsubsidized cost of EGP 198,000, which will result in taking away a huge number ...

Qatari Diar Pursuing International Arbitration over New Cairo Project -Source

• Monday, 31st October 2016
• by Karim Mohy

Qatari Diar is taking steps to proceed with international arbitration against Egypt over its vacant land plot in New Cairo meant to house its long-stalled residential project, with the Investment Ministry reportedly ...