Boulos pointed out that the built-in area percentage in the project is 18%, less than the allowed 22.5%. The project also includes services such as a mall, an administrative building, and large green space and landscapes.
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Last year, Sharjah returned 345 Egyptian historical artifacts to Egypt.
Company completed master planning of North Coast’s Ras El Hekma
Al-Arabi said that the FEDCOC coordinates with the Federation of Egyptian Industries (FEI) to encourage producers and importers to provide sufficient quantities of initiatives to meet needs of Egyptian market at discounted prices.
Abbas told Daily News Egypt that there was no specific land allocated for the fund as of yet, but the ministry provides them with investment opportunities and technical support for real estate projects.
The boost is supported by four main elements, the launch of the Central Bank of Egypt (CBE) for the real estate financing initiative for middle income of EGP 50bn, the fall in the price of the dollar against the Egyptian pound, the raising of the credit limit, and payment facilities made by real estate developers.
Total investments of the company during the past years reached EGP 5bn, says chairperson
ICA has signed a protocol with ILO to commit UN member countries to provide decent jobs for marginalised people, says Ariel Guarco
Company plans to increase its remittance transactions to Egypt, says its vice president for Middle East, Africa and Pakistan region.
Offering service and commercial area within the project for developers through partnership system, says Association chairperson
Company plans to complete selling The Pier mall 1Q 2020
Chairperson of Beta Egypt Alaa Fekri pointed out that Schneider Electric will provide smart home services for the residential units whose owners request to convert their places into smart homes.
Established as a partnership between the New Urban Communities Authority and the Housing and Development Bank, City Edge represents the Ministry of Housing, Utilities, and Urban Communities in the three MoUs, Minister Assem El-Gazzar said.
Grand Plaza directs EGP 220m investments in La Mirada El Mostakbal in 2020
The company to expand in Suez governorate in the coming period
Project includes 24,000 sqm-areas for sale and construction will start in mid-2020
Gamea was chosen to be the first Secretary-General of the former Social Fund for Development in November 2016, which is the highest executive position in the Social Fund.
The ECG said that the CBE headquarters in the NAC will be built on an area of 130,000 sqm.
Real estate companies’ portfolio reaches about 15% of the total corporate credit portfolio in the bank and exceeds EGP 10bn to 800 clients: Abo Zikry
The Loan is segregated into Tranches A and B, with maturity of five and four years respectively, complemented by a grace period of five months.
The Amateur Football Alliance is the first and largest entity organising 5, 6 and 7-a-side football competitions for amateurs and we received the rights to hold these competitions in Egypt, Chairperson of Usports Mohamed Abdallah said.
The Technical Deep Dive allows participants to discuss the methodology and indicators of the Doing Business report, share best practices on identifying bottlenecks to private sector development, and implement relevant reforms.
Expected to open in 2024, W Cairo will be situated in 1-Ninety, a 300,000-sqm mixed-use development in the emerging New Cairo district featuring retail space, commercial, and residential components. Landmark Sabbour invested EGP 28bn ($1.75bn) in its 1-Ninety development.
MFF’s share of total mortgage financing reached at EGP 136.1m in 3Q of 2019, says FRA
The expansion marked the celebration of the six-year anniversary of Cairo Festival City Mall. The new expansion, with investment exceeding EGP 2bn, will add a gross leasable area of 22,000 sqm to the existing mall, making it the largest mall in Egypt.
Düsseldorf Fair Authority is the first German exhibition authority to organise an exhibition in Egypt, says AHK CEO
He added that the Ministry of Housing represented in the New Urban Communities Authority has spent EGP 25bn in housing and infrastructure projects in the city, of which roughly EGP 8bn for providing public facilities.
On the rent system, Hawk said that according to a survey conducted on 10,300 Egyptian families, of whom 25% live in housing units with old rent contracts, and 12% live in housing units with new rent contracts. About 12% of the participants in the survey are outside Cairo.
Shoura council building is being designed to be ready after elections, says ACUD chairperson
Abbas added that the contracted company has been working in the Green River area for the past six months.