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The projects include rerouting the International Coastal Road
1 April 05:50 PM Egypt builds roads, bridges at EGP 2.54bn in New Alamein City
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 …
New Garden City spans over an area of 985 feddans
31 March 03:39 PM Egypt develops New Garden City at EGP 80bn
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 …
The appointment will be effective as of 1 April
31 March 12:57 PM SODIC names new non-executive chairman
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 …
A total of EGP 24.9 billion has been disbursed so far
29 March 04:17 PM Egypt’s slum development plan estimated at EGP 396.2bn
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 …
Egyptian Minister of housing Assem El-Gazzar
24 March 01:19 PM Egypt completes 166,000 housing units
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 …
The Egyptian Housing Minister, Assem El-Gazzar
22 March 01:10 PM World Bank provides $500m for low-income housing in Egypt
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 …
The repayment period of all loans was extended for six months
18 March 03:31 PM Egypt’s mortgage firms ordered to extend repayment period
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 …
The CBD project comprises 20 towers
16 March 01:56 PM Egypt nears completion of 1st tower in new capital’s business district
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 …
The Bridge offers access to major European cities, including Paris and London
16 March 10:37 AM Investcorp takes over Coca-Cola Belgium HQ for EUR 88m
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 …
MNHD’s net profits dropped to EGP 1 billion in 2019
11 March 01:35 PM MNHD approves due diligence request for subsidiary
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 …
Egypt suspended all large public gatherings
11 March 12:52 PM Cityscape Egypt postponed on coronavirus concerns
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 …
The transaction included the sale of 50.15 million shares
11 March 10:54 AM Mansour Amer sells almost entire stake in Porto Group
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, …
The deal is aimed at developing seven informal areas
10 March 04:51 PM Alexandria plans to develop slums with EGP 811m
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 …
MNHD aims to generate EGP 7.5 billion in sales and reservations
9 March 05:01 PM MNHD eyes EGP 12bn investments in 3 yrs
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 …
Amer Group previously requested a 110-feddan land plot
8 March 05:39 PM Amer Group’s unit seeks to obtain 40-feddan land in Minya
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 …
The project is set to be delivered by H2-23
8 March 01:50 PM Al Ahly Sabbour Development, NUCA to build EGP 5bn residential project
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, …
The company originally offered six land plots for sale
8 March 11:56 AM Heliopolis Housing sells 3 land plots for EGP 122m
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 …
The land will see the development of a new residential project in Taj City
5 March 12:37 PM MNHD, MINKA agree EGP 1.15bn land sale
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 …
Marseilia will have 50% of the proceeds of the proposed project
5 March 12:06 PM Marseilia partners with Namaa to build residential project in Dakahlia
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 …
A total of 21 land plots valued at EGP 210 million were offered for sale
5 March 11:18 AM Heliopolis Housing sells 15 land plots for EGP 171m
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 …
Between 50,000 to 100,000 units will likely be offered upon the activation of the initiative
4 March 03:53 PM CBE official reveals why mortgage initiative still on hold
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 …
The auction will be held on 5 March
3 March 04:32 PM Heliopolis Housing offers 6 land plots in New Heliopolis for sale
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 …
An alternative plan will be announced within two months
3 March 03:37 PM HCCD cancels plan to float stake of Heliopolis Housing on EGX
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 …
The land plots are dedicated for residential purposes
3 March 03:12 PM Heliopolis Housing offers 21 land plots for sale
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 …
The new development will feature 350 units
2 March 03:10 PM TAMEER eyes EGP 2bn in sales of Azad New Cairo
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 …