Latest in Real Estate Highlight

Advertising Area

Latest in Real Estate

Cityscape Egypt draws roadmap for future of real estate

The Cityscape Egypt Conference got off to a positive start on Tuesday as experts and government authorities offered updates on major government projects, revealed ongoing progress in the real estate sector, and highlighted opportunities and challenges in the industry. The conference, which is taking place on Monday and Tuesday, is a prelude to the Cityscape …

Shaimaa Al-Aees

Developers revive demand for land development holding company 

Over the past several years, real estate developers have constantly demanded the government establish a holding company to develop land and desert areas in new cities and make them viable for construction through providing basic utilities and infrastructure for the establishment of housing and different services projects. The shortage of affordable land, which is ready …

Shaimaa Al-Aees

Egypt achieves breakthrough in providing adequate housing for all societal segments

Throughout 2017, the Ministry of Housing has been working at full force to fully integrate cities and redesign the urban development of Egypt to fit its ever-growing population. The country’s investment in development since mid-2014 reached about EGP 400bn in housing, construction, and urban development projects, according to Real Estate Development Chamber Chairperson Tarek Shoukry. …

Shaimaa Al-Aees

New Administrative Capital:  Dream come true

Since the Egyptian government announced, at the Egypt Economic Development Conference (EEDC) in Sharm El-Sheikh on 13 March 2015, its intention to launch a new capital city (New Administrative Capital), a public outcry has accused the government of launching a media crackdown and building imaginary success based on a far-fetched idea of expanding into the …

Shaimaa Al-Aees

Real Estate Chamber submits demands to government to resolve member issues 

The Real Estate Development Chamber at the Federation of Egyptian Industries has prepared an ambitious agenda for the current year, which includes a series of files related to real estate companies. The chamber plans to submit a package of demands and initiatives to a number of concerned government agencies to be added to the initiatives made by …

Shaimaa Al-Aees

IMF negotiates to involve real estate developers in economic housing

Chairperson of the Real Estate Development Chamber Tarek Shoukry revealed that the International Monetary Fund (IMF) is negotiating with real estate developers to encourage involving private developers in providing economic governmental housing. On Tuesday, the IMF began negotiation meetings with key real estate developers to discuss the possibility of participating in an economic housing programme …

Shaimaa Al-Aees

Egypt on track to build 120,000 homes in new capital project

Egypt is currently constructing 60,000 housing units in the country’s anticipated New Administrative Capital, Mohamed Abd El-Latief, general manager of state-run Administrative Capital for Urban Development (ACUD) said Sunday. ACUD is the owner and developer for the New Administrative Capital in Egypt, located 35 kilometres east of Cairo on a total area of 170,000 feddans.  …

Daily News Egypt

EGP 85.052bn cost of establishing 276,600 residential units in FY 2016/2017: CAPMAS

The fiscal year (FY) 2016/2017 witnesses the establishment of 276,600 residential units, implemented by the private and public sector at a cost exceeding EGP 85.052bn, according to the Central Agency for Public Mobilisation and Statistics (CAPMAS). In a recent report, the CAPMAS said that the government implemented 59,964 units with investments reaching EGP 34.206bn. Meanwhile, …

Hossam Mounir