The agreement was signed by Ambassador Ivan Surkoš, head of EU Delegation to Egypt, and Mohamed Shinawi, adviser to the Minister of Higher Education and Scientific Research for International Relations.
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Ammar completed the first phase three months ahead of schedule, Essam said, adding that the project is built on an area of 3.5 feddan in the Sixth of October City and comprises of 156 large and small housing units.
Issam added that competition within the FM sector in Egypt is growing rapidly as a result of the accelerated pace of urban development, and the competitiveness rate has increased by at least 60% among local companies.
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El Hag added that the buying and selling movement in H1 of the current year was weak and unstable, but H2 of the year is booming and the company aims to reach sales volume of EGP 350m during 2020.
Fouad added that the company intends to launch the project by the end of the current year, noting that the company plans to complete the project marketing within two years.
The Estates project to be launched in September
Poor performance of traditional real estate agents has unfortunately negatively affected the profession, says RE/MAX Egypt and UAE chairperson
Digitalisation will allow increasing breakthroughs in various sectors, especially industry, as it contributes in enhancing local manufacturing, increasing competitiveness, and improving the national industry’s quality and productivity.
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‘We offer European expertise to MCIT for further elaboration of e-commerce Law,’ says Surkoš
Authority received 900 requests for land allocation, says assistant housing minister
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Held under the patronage of the Prime Minister, Mostafa Madbouly, The Big 5 Construct Egypt is Egypt’s largest construction event, providing a platform to foster industry best practices, business and investment opportunities in Egypt.
Begad Nasser, a Yemeni entrepreneur who picked Cairo as the headquarters for his Medical Tourism startup, founded Doctoorum to help millions of patients across the world get affordable and high quality medical treatments in hand-picked destinations.
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El Sayed said that the first phase of the project spans over 4 feddan and comprises of approximately 550 units with varying spaces ranging from 50 to 110 sqm, in addition to an entertainment area and swimming pools.
He revealed that 60% of the project’s sales is for non-Egyptians. Additionally, the company plans to be present at the Everest real estate exhibition in Kuwait in October.
Paris East Mall’s sales exceeded EGP 1bn, says chairperson
The company targets marketing the project within six months with prices ranging between EGP 40,000-80,000 per sqm.
Company to launch EGP 10bn investment project in east Cairo by 2020, says chairperson
Company plans to launch new 70-feddan project in New Cairo
Other types of tourism should be developed in Egypt, so that it can compete with other countries
Total investments of projects scheduled for approvals recorded EGP 300bn, says Walid Abbas
“We must increase the issuance of an integrated plan for property export and coordination between all parties to promote this industry,” he explained.