Latest in Highlight
NUCA issues 124 ministerial approvals for property projects, 7 masterplans for new cities
The company said, in a statement to the Egyptian Exchange on Monday, that the divestment of these non-core assets comes in line with its strategy to optimise its portfolio, and it will enable ODE to further prioritise and reinforce efforts in core business areas.
Bank’s portfolio comprises 12 projects with a total commitment of $5.9bn
The brief statement gave no further details about the incident, saying that more details will be released later.
Offering service and commercial area within the project for developers through partnership system, says Association chairperson
On the rent system, Hawk said that according to a survey conducted on 10,300 Egyptian families, of whom 25% live in housing units with old rent contracts, and 12% live in housing units with new rent contracts. About 12% of the participants in the survey are outside Cairo.
Directives from president to allocate EGP 100m for industry sector, EGP 50bn for medium housing with 10% interest
Interest relief plan to re-operate 5,184 closed factories, industrial activities to be financed with EGP 100bn at 10% interest rate
More than 2,400 feddan allocated in 22 new cities to establish cooperative houses, says Rizk
Ammar completed the first phase three months ahead of schedule, Essam said, adding that the project is built on an area of 3.5 feddan in the Sixth of October City and comprises of 156 large and small housing units.
Law contravenes ruling of Supreme Constitutional Court, says housing committee member
The minister explained that the partnership reflects the mutual trust between the government and the private sector
Al-Sisi received Al-Nahyan at Borg El Arab Airport in Alexandria early on Wednesday
Company aims to raise its capital to EGP 1bn by end of 2019
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 …
Government should provide incentives for developers to complete of country’s development strategy
Egypt needs to expand urban size, new cities will boost local, foreign investments in both construction, real estate sectors
Saudi Arabia is a promising, attractive investment market, say developers
Egypt’s Prime Minister and Minister of Housing, Utilities, and Urban Communities Moustafa Madbouly announced on Tuesday offering 120,000 units in five cities within the 10th national social housing project
About EGP 4bn allocated for current FY
Throughout 2017, the Ministry of Housing has been working at full force to fully integrate cities and redesign the urban development of Egypt to fit its ever-growing population. The country’s investment in development since mid-2014 reached about EGP 400bn in housing, construction, and urban development projects, according to Real Estate Development Chamber Chairperson Tarek Shoukry. …
Royal Gate for Housing Development targets pumping EGP 150m worth of investments in 2018 to develop separate real estate projects in the cities of Shorouk, Madinaty, and New Cairo. The company aims to acquire plots of land in the New Administrative Capital in 2018 to start implementing the first integrated residential compound as well as …
All Maspero landowners chose partnership with state except one company
The government‘s investments in Upper Egypt projects reached EGP 58bn, distributed between housing, drinking water, sanitation and utilities projects, according to Minister of Housing Mostafa Madbouly. Madbouly added that there is a strong focus on the implementation of treatment projects, and that the vast majority of the three sewage treatment plants will be implemented and …
Investments of the Urban Communities Authority amounted to EGP 15bn during the first half (H1) of the current fiscal year, distributed over housing and infrastructure projects. The investments approved by the commission in the 2017/2018 plan amount to EGP 30bn and aim to increase them to EGP 40bn till the end of June 2018. According …
Cairo has a serious shortfall in the supply of middle-income housing, the leading real estate investment and advisory firm JLL (Global Commercial Real Estate Services) revealed in its new report. It also urged for significant efforts to be made to address the current imbalance, because shortage has long remained an important and consistent issue across …
New law to impose regulations related to direct spending and letters of guarantee
The Ministry of Housing announced completing the draft amendments for Law No. 144 of 2006 regarding the regulation of demolition of non-falling buildings and preservation of heritage buildings. Minister of Housing Mostafa Madbouly said that the draft law will be sent to the cabinet within days for discussion and approval, and then sent to Parliament. …
The delivery of housing units to citizens will be within two years: official