ACUD denies negotiations with banks to obtain loan worth EGP 2bn, says Chairperson
Latest by Shaimaa Al-Aees
The visit also included reviewing the experience of establishing the Capital and the huge investment opportunities in the city.
According to the report, there is a 32.2% increase in the number of housing units implemented by the government, reaching 105,100 units in FY 2017/18, compared to 100,500 units in FY 2016/17.
Company first offered the units for EGP 10,850 per sqm
Sixteen companies appliy for ministerial approval in H1 2019, says spokesperson
Egypt has achieved great success in organising the AFCON and dazzled the world by organising the opening ceremony
In this context, it should be noted that in no case may the land be withdrawn from any of the developers contracting with the ACUD on various activities without obtaining a final judicial decision.
Company now operates flights to Red Sea from Belgium, Germany and Switzerland, says General Manager Sales Egypt
Ministers urged member states to integrate activities of Regional Action Plan into their National Industrial Development Plans for implementation
Director of Business Development at RE/MAX Egypt, Sherif Mahmoud, said the company’s sales increased by 80% in the first half (H1) of 2019 to EGP 6bn, compared to EGP 3.250bn last year
Better Home Group’s General Manager Ashraf Adel said that organising the Africa Cup of Nations (AFCON) in Egypt supports the country’s tourism and investment promotion initiatives and confirms its restored political and security stability
Al Adl pointed out that the company has achieved a 70% sales volume in the Pukka project, which includes more than 1,680 housing units on an area of 40 feddan
Company invests EGP 250m during current year
Egypt needs to organise similar events, visits to encourage Arab, foreign investments, says developer
Regarding the visits of German business delegations to Egypt, the ambassador commented that many small, medium, and big business delegations are interested in investing in Egypt.
Delegation includes approximately 40 Egyptian companies in various fields
Company signed cooperation protocol to fund establishing an official school in New Capital
The company plans to open the mall in the fourth quarter (Q4) of 2019, expecting that it would welcome 10,000 to 12,000 daily visitors
Law contravenes ruling of Supreme Constitutional Court, says housing committee member
Parliament’s economic committee approves new Egyptian criteria for real estate appraisal
Shorouk City Authority reiterated its call on the local administration of Cairo governorate to launch a public transportation service linking the city to other neighbourhoods in Cairo
Project to be built over 109 feddan within five years
Egypt is making strong strides in the field of digital transformation, Internet of Things (IoT), and artificial intelligence (AI) through the creation of smart cities and communities, which will put it in the ranks of technologically advanced countries in the coming period, he noted
The Egyptian Real Estate Council proposed to set an interest rate of 8-12% on mortgage finance for middle-income housing units
The minister explained that the partnership reflects the mutual trust between the government and the private sector
The project is located in the R7 diplomatic area overlooking the main road, and will offer 1,376 housing units varied between luxury apartments, duplexes, and penthouses with areas ranging from 122 sqm to 366 sqm. Fahmy noted that the company plans to begin project delivery in 2023.
Company’s land bank worth more than 7.5m sqm
During the company’s press conference on Wednesday, Amr El Kady, CEO of City Edge said that the first contract was signed with ASGC Group for EGP1.4bn for the Etapa Square project except for the hotel part of the project, which is being implemented until 2022.
The OIA project is spread over 30 feddan in the NAC, composed of only 20% of building areas, which include 1,300 units.
Company paying land instalments worth EGP 900m to ACUD during 2019, says Co-CEO