REAL ESTATE

05 Dec 2016

Housing Minister receives World Bank delegation

Housing Minister Mustafa Madbouly held a meeting on Saturday 3/12/2016 with a delegation from the World Bank visiting Egypt to follow up implementation of sewage projects established according to the Program-for-Results (PforR) financing instrument.

"...

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05 Dec 2016

Polaris studies launching real estate projects in New Administrative Capital, 6th of October City

Real estate director at Polaris Parks Bassel Shoirah said that Polaris International Industrial Parks, an industrial developer, is negotiating with the Ministry of Housing to obtain lands in the New Administrative Capital, 6th of October City, and Fifth Settlement.

Shoirah"...

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04 Dec 2016

HDB pumps EGP 56m in ‘Your Project’ programme over 7 months

The Housing and Development Bank (HDB) pumped about EGP 56m into the “Your Project” programme meant to finance small-sized projects, according to assistant managing director for marketing and retail banking Ashraf El-Bassiouny.

El-Bassiouny"...

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30 Nov 2016

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"...

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29 Nov 2016

Government to offer new lands for real estate developers in January

Minister of Housing Mostafa Madbouly said that the ministry will offer 2,500 acres of land in new cities to real estate developers in January.

Madbouly added that the ministry is working on developing the real estate sector through two projects. The first is the development of the New Administrative Capital and the second is the development of new"......

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28 Nov 2016

Egypt’s real estate market approaching bubble: Sawiris

The real estate market in Egypt is approaching a bubble that will follow the current boom in the sector, according to Samih Sawiris, chair of the board of directors at Orascom Development Holding.

Sawiris told Daily News Egypt that the growth in the real estate sector will continue until"...

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27 Nov 2016

ARCO says to invest multi-billion pounds in Egypt property market in 5yrs

Real estate developer ARCO is planning to pump investments worth up to 32 billion Egyptian pounds ($1.8 billion) into the Egyptian real estate market in the next 8 years, its chief executive announced Thursday.

Since"...

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24 Nov 2016

El Batal braces for two new residential projects in New Cairo

Egyptian property developer El Batal Group is planning to launch two new residential projects with investments exceeding 1.3 billion Egyptian pounds ($74.1 million) in Fifth Settlement and New Cairo districts.

Emad"...

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22 Nov 2016

Exchange rate liberalisation contributes to attracting foreign investment to real estate sector: Palm Hills

CEO and managing director of Palm Hills Developments Mohamed Sultan said that the Central Bank of Egypt’s decision to raise the exchange rate of the US dollar would positively affect the real estate sector by attracting foreign investment to the sector in the coming period.

Sultan added"...

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22 Nov 2016

Egypt delivers 5467 social housing units contracts in Qena

Egypt’s Minister of Hosing Mostafa Madbouly and Qena governor Abdel Hamid El Hagan have delivered Monday 5467 social housing units in New Qena, 8 Km far from the Upper Egyptian city Qena.

Madbouly said that"...

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