Latest in Tag: Housing Highlight
Latest in Tag: Housing
2018 will see end of 351 areas dangerous to lives of Egyptians: deputy housing minister
All Maspero landowners chose partnership with state except one company
Government invests EGP 58bn in housing, utilities projects: minister
The government‘s investments in Upper Egypt projects reached EGP 58bn, distributed between housing, drinking water, sanitation and utilities projects, according to Minister of Housing Mostafa Madbouly. Madbouly added that there is a strong focus on the implementation of treatment projects, and that the vast majority of the three sewage treatment plants will be implemented and …
Urban Communities Authorities investments worth EGP 15bn during 6 months
Investments of the Urban Communities Authority amounted to EGP 15bn during the first half (H1) of the current fiscal year, distributed over housing and infrastructure projects. The investments approved by the commission in the 2017/2018 plan amount to EGP 30bn and aim to increase them to EGP 40bn till the end of June 2018. According …
Great boom expected in middle-class housing with increased prices
Cairo has a serious shortfall in the supply of middle-income housing, the leading real estate investment and advisory firm JLL (Global Commercial Real Estate Services) revealed in its new report. It also urged for significant efforts to be made to address the current imbalance, because shortage has long remained an important and consistent issue across …
Housing, Industry ministries ask parliament for week respite to study new tenders and auctions law
New law to impose regulations related to direct spending and letters of guarantee
Housing Ministry completes draft amendments for non-falling building demolition, heritage building preservation law
The Ministry of Housing announced completing the draft amendments for Law No. 144 of 2006 regarding the regulation of demolition of non-falling buildings and preservation of heritage buildings. Minister of Housing Mostafa Madbouly said that the draft law will be sent to the cabinet within days for discussion and approval, and then sent to Parliament. …
Can Sakan Misr projects succeed in resolving housing price hikes?
The delivery of housing units to citizens will be within two years: official
16 desalination stations in five governorates with daily capacity of 473,000 cubic metres: Housing Minister
The governorates include Matruh, North and South Sinai, Red Sea, and Port Said
High demand on purchasing “Sakan Misr” conditions booklet
7% of the unit price to be deducted if payment done within 2 months
10%-25% discounts at Akari-Al-Ahram Real Estate Exhibition on residential, commercial units
The exhibition was held under the patronage of the Ministries of Housing and Local Development, with the participation of major developers and real estate companies
Cost of Al Dau Development projects jump 50% after flotation: Hefz Allah
Al Dau Development expects initiating Al Dau Strand project by the end of 2017, says Hefz Allah
Housing Ministry completes 3,668 social housing units in New Qena
The ministry is carrying out 2,160 new units and offering 1,340 units for rent, says minister
Spending in Egypt’s housing sector increases by 276% in FY 2017
A report by the Finance Ministry projects that only 30% of the planned budget will be spent by the end of FY 2016/2017, reducing last year’s spending gain to only 19%
Azarita tenants demand decent housing
48 housing units have been provided to those affected by the leaning building, says Governor
“Build it at its cost”—an initiative to build housing units at half price
Construction companies obtain 100% profits, says founder of the initiative
40% of Egypt’s housing is informal: deputy housing minister
EEOTD and GTZ are completing a project to educate youth of informal areas with funding of €100,000
34% of Egyptians live in insufficient housing
Qena is the most deprived governorate in Egypt, followed by Luxor, according to BEDI
T.H.E signs nine design and supervision contracts: founding partner
Company chosen to play general adviser role in development of Cleopatra hospitals
Banque Misr injected EGP 869m to finance housing of 10,309 medium and low income clients
The bank injects more than EGP 5bn to finance environment-friendly energy production projects, meets the standards of GRI as the first Egyptian government bank
CAPMAS starts general census of population, housing, establishments at initial cost of EGP 800m
The census provides all the statistical data for policy makers and decision makers to set future plans appropriate for all segments of society
EGP 10m grant from AFDB for developing Ashwa’yat
AFDB study to finance 5 renewable energy projects
Mortgage companies participating in CBE initiative to finance low- to middle-income housing
Mortgage finance companies operating in the domestic market started to prepare their participation in an initiative launched by the Central Bank of Egypt (CBE) in 2014 to finance low- to middle-income housing. According to Ahmed Haggag, chairperson and managing director of Sakan Finance, said that the company completed the preparations for a new programme to …
Only 14 banks among 39 operating in Egypt participated in mortgage-financing initiative launched by CBE to finance low- to middle-income housing
These banks provided EGP 5bn to finance the purchase of 62,000 housing units since the launch of the initiative in February 2014
14 banks finance 62,000 housing units with EGP 5bn within CBE initiative: Abdel Hameed
Head of the Mortgage Finance Fund Mai Abdel Hameed said that 14 banks pumped EGP 5bn into financing 62,000 housing units within the framework of the initiative by the Central Bank of Egypt (CBE) launched in February 2014 to finance the low- and middle-income housing. She added that the fund provided EGP 1.1bn of cash …
Ashwa’yat: the underbelly of urban Cairo as understood through data
A recent data survey released by CAPMAS and the Population Council attempts to break down the reality of youth living in informal housing areas through numbers
Will government intervention bridge the housing gap in Egypt?
Housing Ministry depends on “social housing” and makes adjustments to the project’s main axes
NBE finances purchase of 12,500 low-income housing units worth over EGP 1bn
The CBE previously launched an initiative to stimulate mortgage funding for low-income citizens until the end of August
Ministries of military production, housing sign protocol for smart water meters
Imported water meters cost $90-$100, says minister of housing
Madinet Nasr Housing and Development profits continue with no end in sight
New developments and increased contracted sales drive profitability into 2019
Ministry of Housing offers 6,000 units for rent
600,000 units have been offered so far in social housing project over two years as part of the ownership system