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FINANCIAL NEWS
Egypt’s Housing Ministry to offer lands for real estate sector
22 Jan 2017
(MENAFN) Housing Minister proclaimed that his ministry will support the real estate sector amid offering large and medium-sized areas of lands with basic facilities.
Accordingly, the ministry aims to attract foreign investment, particularly from Arab nations, to co-op in the establishment of new real estate projects.
Meanwhile, the New Administrative Capital project will involve many ministries and the cabinet headquarters, as well as a diplomatic district for embassies and firms.
In addition, the first phase of the project will be built on an area of 12.000 acres, with estimated investments of almost EGP60bn.
M
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