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MNHD is currently developing 10,000 units at five projects in Greater Cairo
20 January 11:49 AM MNHD generates EGP 7bn in pre-sales during 2020
Cairo – Mubasher: Madinet Nasr Housing and Development (MNHD) announced that its pre-sales (contracted sales and reservations) for 2020 registered a record EGP 7.011 billion, up by 11.3% year-on-year (YoY) from EGP 6.3 billion. The growth in …
Gardenia City is built over 513 feddans
18 January 06:00 PM NBE, Banque Misr launch Gardenia City with EGP 26bn investments
Cairo – Mubasher: The National Bank of Egypt (NBE) and Banque Misr announced the launch of Gardenia City with investments of EGP 26 billion. A consortium comprised of Al Ahly Sabbour Development and Founders, a subsidiary of Hyde Park, will be …
Talaat Moustafa Group flagship Madinaty development
17 January 12:16 PM Talaat Moustafa Group reveals new project with EGP 500bn investments
Cairo – Mubasher: Talaat Moustafa Group Holding (TMG Holding) said that its subsidiary the Arab Company for Projects and Urban Development is finalising procedures to sign a contract with the New Urban Communities Authority (NUCA) to obtain 5,000 …
Talaat Moustafa Group recorded net profits of EGP 1.569 billion in nine months
14 January 05:44 PM Talaat Moustafa Group's unit gets approval to develop 5k feddans in Capital Gardens City
Cairo – Mubasher: The Egyptian cabinet approved a request from the Ministry of Housing, Utilities, and Urban Communities to enter into agreement with a subsidiary of Talaat Moustafa Group Holding (TMG Holding). The company will develop 5,000 …
The land plots are planned to have a density of 150 people per feddan.
13 January 03:48 PM Heliopolis Housing launches auction to sell 270-feddan land plots in New Heliopolis City
By: Abdullah Bedeir Cairo – Mubasher: Heliopolis Company for Housing and Development, a subsidiary of Holding company for Construction and Development (HCCD), launched a sealed-envelope auction to sell two vacant land plots, spanning over a …
The iconic tower is set to be the tallest in Africa at about 400 metres
10 January 01:38 PM New capital’s iconic tower reaches its 53rd floor
Cairo – Mubasher: The Egyptian Minister of Housing, Assem El-Gazzar, said that 53 floors of the iconic tower in the Central Business District (CBD) in the New Administrative Capital have been established so far. The iconic tower is set to be the …
The St. Regis Cairo Hote has a construction area of more than 197,000 square metres
6 January 10:20 AM Qatari Diar inaugurates St. Regis Cairo Hotel
Cairo – Mubasher: The Qatari Diar Company on Tuesday inaugurated the St. Regis Cairo Hotel in the presence of the Qatari Minister of Finance, Ali Sherif Al-Emadi, the US Secretary of Treasury, Steven Mnuchin, and the Egyptian Minister of Finance, …
The country invested EGP 13.2 billion in the housing sector
5 January 12:12 PM Egypt builds EGP 63bn housing, infrastructure projects in Upper Egypt since 2014
Cairo – Mubasher: The Egyptian Ministry of Housing, Utilities, and Urban Communities has been implementing developmental projects at a cost of EGP 63 billion in Upper Egypt since the President Abdel Fattah El-Sisi took office in 2014. The country …
The decision allows owners of illegally-constructed buildings to settle with the state
31 December 2020 04:11 PM Egypt extends deadline for settling construction violations until March-end
Cairo – Mubasher: The Egyptian cabinet decided to extend the deadline for settling building violations for a three-month period ending on 31 March 2021. If the settlement is made in January, applicants have to pay 30% of the value of the …
The two land plots extend over an area of about 270 feddans
31 December 2020 01:39 PM Heliopolis Housing to sell land plots in New Heliopolis
Cairo – Mubasher: The board of directors of Heliopolis Company for Housing and Development approved a decision to offer two vacant land plots dedicated for residential purposes in New Heliopolis City for sale. The two land plots, spanning over an …
Three seawater desalination plants have been established in Arish
30 December 2020 01:34 PM Egypt’s Ministry of Housing establishes EGP 19.23bn projects in FY20/21
Cairo – Mubasher: The Egyptian Ministry of Housing, Utilities, and Urban Communities is implementing several projects in Sinai at a cost of EGP 19.23 billion, including EGP 14.37 billion and $310 million, during fiscal year 2020/2021. Three …
The fund plans to invest EGP 318 billion over 10 years
29 December 2020 05:37 PM Egypt’s ISDF to invest EGP 3.4bn in developing 79 unplanned areas in FY20/21
By: Abdullah Bedeir Cairo – Mubasher: Egypt’s Informal Settlements Development Fund (ISDF) has completed the development of 53 unplanned areas at a value of EGP 1.1 billion, the fund’s Executive Director, Khaled Siddiq, told Mubasher. Moreover, …
The company plans to build Porto El Minya on the 56-feddan land
29 December 2020 05:06 PM Amer Group’s unit buys land in New Minya City for EGP 388m
Cairo – Mubasher: Amer Group Holding Co said that the value of the land purchased by its subsidiary Amer Tourism Development in New Minya City amounts to EGP 388 million. The company plans to build Porto El Minya on the 56-feddan land, according …
Minister of Housing, Assem El-Gazzar
28 December 2020 11:45 AM Egypt’s gov’t invests EGP 23.5bn in 103k residential units in 2020
Cairo – Mubasher: The Egyptian Ministry of Housing, Utilities, and Urban Communities built about 103,000 residential units at a total cost of EGP 23.46 billion in 2020. The established units included 50,000 units in Sakan Misr, 13,300 alternative …
The loan will be used to partially finance the investment cost of Celia New Capital
28 December 2020 11:03 AM Talaat Moustafa Group's unit mulls borrowing EGP 1.2bn
Cairo – Mubasher: Talaat Moustafa Group Holding (TMG Holding) said that its subsidiary Arab Company for Projects and Urban Development is currently considering a loan worth EGP 1.2 billion. The loan will be used to partially finance the investment …
The company awaits the Cabinet's approval to start building the project
27 December 2020 05:55 PM Amer Group’s unit buys 56-feddan land to build Porto El Minya
Cairo – Mubasher: Amer Group Holding Co said that its subsidiary Amer Tourism Development signed a contract with the New Urban Communities Authority (NUCA) to purchase a 56-feddan land plot in New Minya City to build Porto El Minya. Amer submitted …
The ISDF has completed the development of 180,000 residential units
27 December 2020 01:50 PM Egypt’s ISDF spends EGP 29.5bn on developing unsafe slums
By: Abdullah Bedeir Cairo – Mubasher: Egypt’s Informal Settlements Development Fund (ISDF) has spent EGP 29.5 billion out of total allocated budget of EGP 38 billion on developing unsafe slums since 2016, the fund’s Executive Director, Khaled …
Jannah Housing Project
21 December 2020 03:32 PM Egypt's Housing Ministry builds 15,456 luxury housing units in three new cities
By: Abdullah Bedeir Cairo – Mubasher: The Egyptian Ministry of Housing, Utilities, and Urban Communities implemented 15,456 residential units in Jannah luxury housing project in El-Shorouk, El-Sheikh Zayed, and New Damietta from 2014 until 2020.  …
The 11-storey development will include commercial, administrative, and medical units
20 December 2020 02:09 PM Contact Developments plans to invest EGP 700m in new project in NAC
By: Abdullah Bedeir Cairo – Mubasher: Contact Developments is planning to invest about EGP 700 million in a new project, spanning over an area of 3,000 metres, in the New Administrative Capital (NAC), the Chairman Ahmed Fekry said. Scheduled for …
The administrative building will be constructed over an area of 5,200 square metres
17 December 2020 11:29 AM Amer Group begins construction of administrative building in New Administrative Capital
Cairo – Mubasher: Amer Group Holding Co has started construction on an administrative building over an area of 5,200 square metres in the Financial District in the New Administrative Capital. Giza and Cairo for Real Estate Development has received …
The implementation cost of the R3 is estimated at EGP 31 billion
14 December 2020 05:47 PM Egypt builds 142 residential buildings at EGP 3.23bn cost
By: Abdullah Bedeir  Cairo – Mubasher: Egypt’s Ministry of Housing, Utilities, and Urban Communities has built 142 residential buildings in the Third Residential District (Capital Residence Project R3) in the New Administrative Capital during the …
The project will be launched in the second half of 2021
13 December 2020 02:13 PM Capital Link aims to invest EGP 1bn in project in New Administrative Capital
By: Abdullah Bedeir Cairo – Mubasher: Capital Link Developments has acquired a land plot in the New Administrative Capital to establish a new urban project with investments of more than EGP 1 billion, the Chairman Ashraf Badea, revealed. The …
Reedy is investing EGP 1.5 billion in a mixed-use project in New Cairo
6 December 2020 01:13 PM Reedy Group plans EGP 11-15bn real estate investments in five years
By: Abdullah Bedeir Cairo – Mubasher: Reedy Group is planning to invest about EGP 11-15 billion over the coming five years through its subsidiary Reedy for Real Estate Investment, the Managing Director, Karim El-Reedy, revealed. The investments …
The agreement was signed in Zed Park
2 December 2020 01:24 PM Ora Developers inks EGP 2.5bn loan deal with four banks to finance ZED West
Cairo – Mubasher: Ora Developers Egypt signed an eight-year syndicated loan agreement worth EGP 2.5 billion with Banque Misr, Emirates NBD, the Export Development Bank of Egypt (EBE), and the Housing and Development Bank (HDB) to partially finance …
Egypt's Prime Minister, Mostafa Madbouly
2 December 2020 00:15 PM Egypt extends deadline for reconciliation over building violations until 2020-end
Cairo – Mubasher: The Egyptian cabinet decided to extend the deadline for receiving reconciliation requests for building violations until the end of 2020. The decision comes in response to requests from many citizens and non-government …