Living Yards Obtains Ministerial Approval for Developing The Loft 

Egypt-based Living Yards Developments obtained on July 11 ministerial approval for the development of its first flagship project in the New Administrative Capital (NAC), The Loft, which is being implemented with i ...

SODIC, NUCA Agree to Change Land Use of Al Yosr’s Plot

Sixth of October for Development and Investment (SODIC) and the New Urban Communities Authority (NUCA) have agreed on changing the land use of an agricultural plot, located in Sheikh Zayed and owned by the former' ...

ACUD Says 22 Foreign Embassies Requested Moving to NAC

The Administrative Capital for Urban Development (ACUD) has received 22 requests from foreign embassies in Egypt to acquire lands in the New Administrative Capital (NAC), east Cairo.

June 30 Axis to Start Operating Next Month: Minister 

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar announced on June 26 that the parallel route to the Suez Canal - or June 30 Axis - will be inaugurated next month, slated to link Port Said, Is ...

NUCA to Soon Offer More Housing Units, Lands in New Cities

The New Urban Communities Authority (NUCA) will soon offer additional lands and residential units in various new cities as well as Sakan Misr for middle-class housing, in order to meet demands of the distinct segm ...

Palm Hills’ Sales Inch Up to EGP 2.2 bn in Q1

Egypt’s Palm Hills Developments (PHD) posted EGP 2.2 bn sales (residential and commercial) in Q1 2019, with 374 units sold in total, marking a 5% surge YoY that arisen notably from continued uptake of launched pro ...

New Tiba Sees 6,912 Social Housing Units Completed

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said a total of 6,912 social housing units, situated within 288 buildings, have been completed at New Tiba

Housing Ministry to Establish 1.1 mn Residential Units in 5 Yrs: Official

Khaled Abbas, deputy minister of housing, utilities, and urban communities for national projects, has stated that the ministry is planning to establish 1.1 mn residential units during the upcoming five years.

Maxim Invests EGP 14 bn in North Coast’s Bo Islands

Egypt's property developer Maxim Investment Group has pumped investment worth EGP 14 bn in Bo Islands, its latest project in Sidi Abdelrahman, North Coast, on the back of its plans to fully deliver it by 2022.

Palm Hills Nods EGP 78 mn Capital Hike

Palm Hills Developments' board of directors have agreed to raise the company's capital to EGP 6.235 bn from EGP 6.157 bn, an increase of EGP 78 mn.

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