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Latest in Real Estate


Private sector’s participation in implementation of Egypt’s Vision 2030 should be increased: Cityscape

Egypt is implementing several new cities and urban communities to double the state’s urban area and absorb the continuous population increase, which reflects the size of development and investment opportunities currently available in Egypt, according to Fathallah Fawzi, the general manager of the Cityscape Egypt conference. During the opening session of Cityscape Egypt on Sunday, …

Shaimaa Al-Aees

Palm Hills, NUCA sign 205 feddan mixed-use development agreement

Palm Hills Developments announced, on Sunday, that that its subsidiary, Arkan Palm for Real Estate Investment Company, of which Palm Hills owns 40% stake, signed a mixed-use co-development agreement with the New Urban Communities Authority (NUCA) on a revenue sharing basis. The project will be built over 205 feddan in Sheikh Zayed City. It will …

Daily News Egypt

‘Think Commercial’ roundtable: developers demand legislations to forbid changing activity of residential units

The Deputy Minister of Housing for National Projects, Khaled Abbas, said that the state is trying to remove obstacles facing developers. For example, the ministry of housing insisted that the Reconciliation Law in building violations should not include any reconciliation in the irregularities of changing residential activity. During the ‘Think Commercial’ roundtable discussions held by …

Shaimaa Al-Aees

Implemented commercial, residential units not commensurate with market needs: Chairperson of Mountain View

During the ‘Think Commercial’ roundtable discussions held by Media Avenue and Window companies on Wednesday, developers agreed that the Egyptian market is attractive for investment in different sectors, but it is necessary to provide clear information on the size of commercial and administrative units and retail supply, as well as implement legislation prohibiting the change …

Shaimaa Al-Aees

Tatweer Misr signs MoU with NJIT, OCC to start first American IBC in Bloomfields at Mostakbal City

Tatweer Misr, an Egyptian real estate developer, signed a memorandum of understanding (MoU) with the New Jersey Institute of Technology (NJIT) and the Ocean County College (OCC) in order to establish Egypt’s first American International Branch Campus (IBC) in Egypt at Bloomfields’ project in Mostakbal City, east Cairo.  During a press conference held on Tuesday, …

Shaimaa Al-Aees

Metallurgical Holding Company, NUCA sign cooperation protocol to develop 1m sqm land plot in New Cairo

The Minister of Housing, Utilities and Urban Communities, Assem El Gazzar, and the Minister of Public Enterprise Sector, Hesham Tawfik, witnessed the signing of a cooperation protocol between the Metallurgical Holding Company, affiliated to the ministry of public enterprise sector, and the New Urban Communities Authority (NUCA), affiliated to the ministry of housing, in order …

Shaimaa Al-Aees

Master Group invests EGP 12bn in projects at NAC

Master Group announced that the company plans to direct EGP 12bn in investments in its two projects, The City and The City Valley, in the New Administrative Capital (NAC), according to Muhammad Lasheen, chairperson of the company. The City project is a residential, commercial, administrative and medical project in the NAC, in the R7 H2 …

Daily News Egypt