Minister of Housing, Utilities, and Urban Communities Assem El-Gazzar said the plans to attract investors come within the framework of the Egyptian state's tendency to enhance the attractiveness of economic sectors for investment, increase economic (...)
Egypt recently adopted modern techniques in the allocation of land and residential units in new cities replacing the old system in which clients should purchase through prospectus.
The Minister of Housing, Utilities, and Urban Communities, Assem El (...)
The next four years represent a challenge to the Ministry of Housing, which is working on implementing a large number of urban projects in new cities, whether in partnership with the private sector or in social and medium income housing, as well as (...)
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 (...)
The Administrative Capital Company for Urban Development sold 3,500 acres of land to real estate companies within the first phase of the capital, including land for residential, commercial, and administrative uses.
The company is considering (...)
Seventeen years ago, the Ministry of Housing issued Decree No. 191 for the year 2000 to establish New Cairo city in the desert, at the time without utilities, services, or a population.
The head of New Cairo once said that the city used to have only (...)
The New Administrative Capital Company for Urban Development (NACCUD) is considering increasing the prices of land for real estate investment for developers, starting next January, amid expectations prices could reach as high as EGP 4,000 per (...)
New Urban Communities Authority (NUCA)targets increasing allocating new projects worth EGP 10bn in the new administrative capital during current fiscal year.
NUCA is seeking to increase the targeted investments for the completion of the residential (...)
The Administrative Capital for Urban Development company has decided to offer the units of the residential neighbourhood in the new capital, which will be implemented by the New Urban Communities Authority (NUCA) in the first half (H1) of 2018, (...)
President Abdel Fattah Al-Sisi laid the first stone of the New Administrative Capital project in East Cairo, with an area of 170,000 feddans, of which the first phase accounts for 40,000 feddans.
Al-Sisi said in his speech during the launching (...)
Over the past four years, the Ministry of Housing has launched several development axes, starting with the implementation of low-income social housing projects and the Dar Misr project for middle income segments, as well as expanding in offering (...)
The new administrative capital is one of the most prominent projects of the current regime. And it is one that sees continuous oversight by the presidency since it was announced at the economic summit in Sharm el-Sheikh in March 2015.
The project (...)
The New Urban Communities Authority (NUCA) expects to collect EGP 50bn from adjusting conditions of 12,500 acres in the Green Belt area in 6th of October City following the cancellation of its allocation to 6th October Agriculture Company.
NUCA (...)
On 5 June, Egypt and the three Gulf Cooperation Council (GCC) countries of Saudi Arabia, the UAE and Bahrain severed diplomatic relations with Qatar because of “its intervention in the domestic affairs” of these countries and its “support for (...)
The Ministry of Housing laid down several aspects of its work in the coming years, including continuing construction at the New Administrative Capital and expanding its offering of lands for real estate companies and individuals in Egypt and (...)
The Saudi Fawaz Alhokair Group aims to expand in the Egyptian market and diversify its investment portfolio by adding residential activity to its existing commercial portfolio, including the Mall of Arabia. The company will also open new branches (...)
The New Urban Communities Authority (NUCA) has received an offer from Egyptian and Arab alliances to develop partnership projects. The authority has requested companies to make offers to compete on the projects of the second phase.
The planning and (...)
The New Urban Communities Authority (NUCA) has completed the implementation of 65% of its investment plan for the current fiscal year (FY) 2016/2017. The authority spent about EGP 24bn, out of a total EGP 37bn allocated for investment by the end of (...)
The New Urban Communities Authority (NUCA) is planning to expand land offerings for different segments of income besides facilitating the work of real estate companies in the new cities subsidiary to NUCA. This will happen through the application of (...)
The Sinai Development Authority (SDA) introduced investments projects worth EGP 10.7bn in six governorates, including Port Said, Damietta, Ismailia, Suez, and North and South Sinai.
Some of these investment projects are under construction, while (...)
New Damietta City has recorded the largest share of offers made by companies competing on service lands in the two projects of Dar Misr for middle-income individuals and social housing for low-income individuals.
The New Urban Communities Authority (...)
Investments of the Greater Cairo Reconstruction Authority have reached EGP 2bn this fiscal year, distributed throughout road projects and slums development.
Major general Mohamed Salah El-Din, head of the Greater Cairo Reconstruction Authority, said (...)
The New Urban Communities Authority is offering 15 plots of land within the second phase of the partnership projects with the private sector in New Cairo, Sheikh Zayed, 6th of October City, New Damietta, and New Aswan.
Sources at the Ministry of (...)
The Ministry of Housing, in cooperation with the Ministry of investment, offered a number of land plots for sale in the areas of services within the social housing project. The first phase of the Dar Masr (House of Egypt) project for middle-income (...)
The Ministry of Housing has offered the construction of a number of hypermarkets to commercial chains in Upper Egypt's cities and towns, as well as in Sadat and Borg El-Arab cities, to put them up for rent and usufruct.
Minister of Housing Mostafa (...)