Latest in Highlight
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Housing Ministry receives land allocation requests totalling 5,500 feddan in 2020
NUCA issues 124 ministerial approvals for property projects, 7 masterplans for new cities
Orascom sells its share in New City Housing and Development for EGP 128.6m
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.
WB expands support to Egypt’s housing projects with $500m
Bank’s portfolio comprises 12 projects with a total commitment of $5.9bn
Shells hit military base housing US troops in northern Iraq
The brief statement gave no further details about the incident, saying that more details will be released later.
95% of national youth housing project completed by 2020: 6th of October Investors Association
Offering service and commercial area within the project for developers through partnership system, says Association chairperson
Egypt’s housing ownership sets world record high, as 67% of population own apartments
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.
Amer starts second term in CBE by launching three initiatives to support industry, medium income housing
Directives from president to allocate EGP 100m for industry sector, EGP 50bn for medium housing with 10% interest
Egypt launches 3 initiatives to support industry, housing, and boost investments
Interest relief plan to re-operate 5,184 closed factories, industrial activities to be financed with EGP 100bn at 10% interest rate
Third cooperative housing conference kicks off in Cairo
More than 2,400 feddan allocated in 22 new cities to establish cooperative houses, says Rizk
Ammar delivers Viola’s 1st phase including housing for Syndicate of Musical Professions
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.
Parliament’s housing committee approves draft law cancelling old rent for non-housing units
Law contravenes ruling of Supreme Constitutional Court, says housing committee member
Real estate developers aim to participate in state’s social, middle-income housing
The minister explained that the partnership reflects the mutual trust between the government and the private sector
First-time buyers crowded out of booming German housing market
Egypt, UAE ink cooperation agreements in housing, irrigation, trade, industry sectors
Al-Sisi received Al-Nahyan at Borg El Arab Airport in Alexandria early on Wednesday
El Batal invests EGP 9bn in Egypt’s real estate market
Company aims to raise its capital to EGP 1bn by end of 2019
‘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 …
State should focus on providing social housing not luxury ones: real estate developers
Government should provide incentives for developers to complete of country’s development strategy
New cities provide better opportunities, housing, investment, employment
Egypt needs to expand urban size, new cities will boost local, foreign investments in both construction, real estate sectors
Government’s middle-class housing met needs of 50% of local market
Saudi Arabia is a promising, attractive investment market, say developers
Housing Ministry to offer 120,000 social housing units in five cities
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
EGP 10bn: allocated for housing projects in New Cairo in FY 2018/19
About EGP 4bn allocated for current FY
Egypt achieves breakthrough in providing adequate housing for all societal segments
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 directs EGP 150m to real estate projects in 2018
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 …
2018 will see end of 351 areas dangerous to lives of Egyptians: deputy housing minister
All Maspero landowners chose partnership with state except one company
Government invests EGP 58bn in housing, utilities projects: minister
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 …
Urban Communities Authorities investments worth EGP 15bn during 6 months
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 …
Great boom expected in middle-class housing with increased prices
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 …
Housing, Industry ministries ask parliament for week respite to study new tenders and auctions law
New law to impose regulations related to direct spending and letters of guarantee
Housing Ministry completes draft amendments for non-falling building demolition, heritage building preservation law
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. …
Can Sakan Misr projects succeed in resolving housing price hikes?
The delivery of housing units to citizens will be within two years: official