By: Abdullah Bedeir Cairo – Mubasher: The Egyptian Ministry of Housing and New Urban Communities Authority (NUCA) are developing roads and bridges in New Alamein City at a combined cost of EGP 2.54 billion, according to an official document …
By: Abdullah Bedeir Cairo – Mubasher: The Egyptian Ministry of Housing and the New Urban Communities Authority (NUCA) have estimated the cost of developing the New Administrative Capital's R5 residential district at EGP 80 billion. The R5 …
Cairo – Mubasher: The board of directors of Six of October Development and Investment (SODIC) announced the appointment of Osama Abdel Moneim Mahmoud Saleh as the non-executive chairman. The appointment will be effective as of 1 April 2020, the …
By: Abdullah Bedeir Cairo – Mubasher: The Egyptian Ministry of Housing has estimated the cost of slum development plan at EGP 396.2 billion. The plan includes developing unsafe and unplanned areas and markets, according to a document reviewed by …
Cairo – Mubasher: The Egyptian minister of housing Assem El-Gazzar announced the completion of 166,000 housing units as part of the national project to develop 298 slums areas. A total of 75,000 housing units are currently being set up to improve …
Cairo – Mubasher: A new $500 million funding package from the World Bank will finance existing low-income housing programmes by the Egyptian government, Egyptian Minister of Housing, Utilities, and Urban Communities, Assem El-Gazzar, said in an …
By: Islam Fadl Cairo – Mubasher: The Egyptian Financial Regulatory Authority (FRA) issued a decision requiring mortgage, financial leasing, and factoring companies to extend the repayment period of loans to retail and corporate customers for six …
Cairo – Mubasher: Egypt has completed the concrete structure works of the first tower out of total 20 towers being established at the New Administrative Capital’s $3 billion central business district (CBD). The 80-metre C03 tower includes …
Mubasher: Investcorp announced that its European real estate business has acquired The Bridge, a single let office and research and development (R&D) asset in Brussels, from a wholly-owned subsidiary of the Coca-Cola Company for EUR 88 million …
Cairo – Mubasher: The board of directors of Madinet Nasr Housing and Development (MNHD) approved a request from an investor to conduct due diligence process on its subsidiary El Nasr for Utilities and Installation Company. This came after an …
Cairo – Mubasher: Cityscape Egypt, originally set to be held from 18 to 21 March, has been postponed as the government decided to halt all large public gatherings amid rising concerns over the spread of the new coronavirus (COVID-19), the leading …
Cairo – Mubasher: Sol Global Holding owned by Mansour Amer sold nearly its entire stake in Porto Group Holding. The transaction included the sale of 50.15 million shares or 5% of the company’s share capital for a value of EGP 28.136 million, …
Cairo – Mubasher: The Egyptian governorate of Alexandria signed a protocol of cooperation with the Informal Settlements Development Fund (ISDF), affiliated to the cabinet, the Middle East News Agency (MENA) reported on Tuesday. The deal is aimed …
Cairo – Mubasher: Madinet Nasr Housing and Development (MNHD) announced plans to inject EGP 12 billion worth of investments during the coming three years. The planned investments include EGP 7 billion in Sarai Project and EGP 5 billion in Taj City …
Cairo – Mubasher: Amer Group Holding Co announced that its subsidiary Amer Tourism Development submitted a request to the New Minya City Authority to reduce the allocated area for a new tourism project. Amer Tourism Development asked the head of …
By: Abdullah Bedeir Cairo – Mubasher: Al Ahly Sabbour Development signed a partnership agreement with the Egyptian Ministry of Housing’s New Urban Communities Authority (NUCA) to build a residential project in 6th of October City. The project, …
Cairo – Mubasher: Heliopolis Company for Housing and Development (HHD) announced the sale of three land plots in New Heliopolis City in a sealed-bid public auction for EGP 122 million. A seven-feddan land in New Heliopolis City was sold for EGP …
Cairo – Mubasher: Madinet Nasr Housing and Development (MNHD) has signed a contract worth EGP 1.145 billion with MINKA Real Estate to sell a land lot spanning over 114,540 square metres in Taj City. The company still owns lands plots for …
Cairo – Mubasher: The board of directors of Marseilia Almasreia Alkhalegeya Real Estate Investment decided to establish a new project in Benha in the governorate of Dakahlia in partnership with Namaa Misr. The project, slated to cover an area of …
Cairo – Mubasher: Heliopolis Company for Housing and Development (HHD) sold 15 land plots in Sheraton, Heliopolis for EGP 171 million in a public auction held on Wednesday, 4 March. A total of 21 land plots valued at EGP 210 million were offered …
By: Islam Fadl Cairo – Mubasher: The Central Bank of Egypt (CBE) has held meetings with real estate developers to activate its new initiative aimed at financing middle-income housing, the CBE’s sub governor Gamal Negm said. The initiative has not …
By: Abdullah Bedeir Cairo – Mubasher: Heliopolis Company for Housing and Development (HHD) will offer six vacant plots of land in New Heliopolis for sale in a sealed-bid public auction on Thursday, 5 March. The land plots are dedicated for …
By: Abdullah Bedeir Cairo – Mubasher: Plans to float an additional stake of 25% in Heliopolis Company for Housing and Development (HHD) on the Egyptian Exchange (EGX) have been retracted, chairman of HHD’s parent company, the Holding Company for …
By: Abdullah Bedeir Cairo – Mubasher: Heliopolis Company for Housing and Development (HHD) will offer 21 vacant land plots in Heliopolis for sale, with areas ranging between 537.63 and 1,740.86 square metres. Located in Sheraton, the land plots …
By: Abdullah Bedeir Cairo – Mubasher: Development and Engineering Consultants Co (TAMEER) aims to generate EGP 2 billion in sales of its Azad project in New Cairo, the company’s managing director Antoine El-Khoury said. Covering an area of 19 …
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