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Private construction companies implement projects worth EGP 39.8bn in 2015: CAPMAS

Construction companies in the private sector have implemented projects worth EGP 39.8bn in 2015, an increase of 27.1% compared to the previous year, according to the Central Agency for Public Mobilization and Statistics’ (CAPMAS) annual statistics bulletin. In 2014, the value of construction projects implemented by the private sector amounted to EGP 31.3bn. CAPMAS attributed …

Hossam Mounir

Prices for apartments in Ashgar City will vary from EGP 400,000 to EGP 700,000, whereby the rates for Ashgar Heights will be from approximately EGP 900,000 to EGP2m. Courtesy of IGI Real Estate

Real estate developers demand increase of joint projects

Chairman of Jones Lang LaSalle-Egypt (JLL-Egypt) Ayman Sami said the employment of the public-private partnership (PPP) system in the implementation of housing projects would help mitigate the housing crisis, especially in projects allocated for low-income citizens

Ahmed Samir