Latest in Tag: Housing Highlight

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Latest in Tag: Housing


EGP 15.1bn investments injected in Capital Gardens City: Housing Minister

Assem Al-Gazzar, the Egyptian Minister of Housing, Utilities and Urban Communities, has followed up on the progress of housing and service projects in the Capital Gardens City, one of the smart fourth-generation cities in Egypt. The total investments injected in housing projects in the city so far have reached EGP 15.1bn. The minister explained that more than 92,000 housing units have been implemented and planned, …

Daily News Egypt

First-time buyers crowded out of booming German housing market

With rising prices, a crowded rental market and low interest rates, it now makes sense to buy rather than rent a property. First-time home ownership is, however, falling because young people can’t afford it.Germany’s Frankfurter Allgemeine Zeitung newspaper published two headlines side by side: "48% of households in Germany are now property owners," said one, …

Deutsche Welle

‘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

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. …

Shaimaa Al-Aees

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 …

Shaimaa Al-Aees

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 …

Daily News Egypt