El-Sisi Mandates Addition of 3,300 Housing Units Nationwide

President Abdel-Fattah El-Sisi has mandated the implementation of additional 3,300 housing units nationwide, as part of the “Residence for All Egyptians” national project, and as an extension to the state's "Ahale ...

Official Calls for Swift Work on 936 Low-Income Housing in West Cairo

Assistant Vice President of the New Urban Communities Authority (NUCA) Kamal Bhagat has inspected work on 936 low-income social housing units in west Cairo's 800-acre neighborhood, New 6th of October City, calling ...

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 ...

FRA Raises Mortgage Funding Limit to 15%

The Financial Regulatory Authority (FRA) has signed off on allowing Egypt-based mortgage finance companies to lend up to 15% of their capital base to an individual household, instead of 10% earlier.

Official Tours Ongoing Social Housing Projects in October Gardens

New Urban Communities Authority Communities’ (NUCA) Vice President Kamal Bahgat has followed up on the progress of ongoing projects in October Gardens, west Cairo.

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 ...

Cabinet Nods USD 500 mn World Bank Housing Facility Extension

Egypt's Cabinet has ratified a USD 500 mn (EGP 8 bn) extension to a World Bank (WB) facility, as part of a program to improve access to low-income housing and bolster the state’s Social Housing and Mortgage Financ ...

SHMFF Launches its Official Facebook Page

The Social Housing and Mortgage Finance Fund (SHMFF) launches its official Facebook page on May 16, Invest-Gate reports.

Development Projects Underway in New Mansoura

Head of New Damietta Development Authority Mohamed Ragab followed up on projects being implemented in New Mansoura City

Sadat City Sees 1,470 Units Completed by 80%: Official

The New Urban Communities Authority’s (NUCA) Vice President Kamal Bahgat said that Fardous Compound has seen 80% of its 1,470 social housing units finalized in Sadat City

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