Shaimaa Al-Aees

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MBG showcases Pukka project in USA by end of January

Mahmoud Al-Adl chairperson of MBG, owner of Pukka project in New Administrative Capital, said, “The project has received great acceptance by foreigners during the last period by offering them in various European and Arab countries. The company gets the lion’s share of foreign sales in the New Administrative Capital.”

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Sawiris develops 400-feddan urban project in New Cairo

Sawiris has told Daily News Egypt that the company does not plan to expand in Sheikh Zayed, Giza, adding that the company is focusing on developing the ZED project in Sheikh Zayed, and that “We are proud of what we have done in the project, and it will include various housing categories.”

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EGP 300bn in proceeds from selling 17,500 feddan in NAC’s first phase

On the sidelines of the signing agreement’s press conference with Orange Egypt, which finalised the establishment and operation of the Administrative Capital data centre on Monday,  Abdel Latif noted that the company is still receiving requests from foreign and local companies to obtain the rest of the lands in the first phase of the project, which amounts to 6,500 feddan, and the company is studying serious offers from them.

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Property Finder expects a strong boost in real estate sales

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.

Shaimaa Al-Aees