Banque Misr signed a cooperation protocol with the Housing and Development Bank (HDB), with a view to setting up mechanisms for joint cooperation to establish and market major residential, commercial and administrative projects. Mr. Mohamed El-Etrebi, Banque Misr COB and Executive manager signed the protocol with Mr. Hassan Ghanem, Chairman of the Board of Directors of the Housing and Development Bank.The signing of the protocol comes within the framework of the implementation of the general policy pursued by the state, which aims to expand the establishment of major projects, especially those that lead up to providing housing and job opportunities. Banque Misr owns many distinguished land plots that are suitable for establishing projects (residential / commercial / administrative / entertainment) and the Housing and Development Bank (HDB) has extensive experience in the field of constructing and marketing distinguished residential, commercial, administrative and entertainment projects everywhere in Egypt, and it has specialized calibers qualified enough to carry out such Projects. Based on the vital role of Egyptian banks in advancing and driving the economy, the agreement allows granting financing to unit buyers within the framework of the laws and regulations governing the real estate market in Egypt. It must be noted that real estate financing is granted in a way that serves all segments of citizens to achieve public benefit for all parties of the sys...
2020-11-12 15:29:43
The New Urban Communities Authority (NUCA) Board of Directors, in its meeting chaired by Dr. Assem El-Gazzar, Minister of Housing, Utilities and Urban Communities, approved the allocation of 29 plots of land in 11 new cities to establish integrated urban projects and factories as part of the authority’s efforts to increase development rates, accelerate investment in new cities, as well as provide many job opportunities from these projects. Dr. Assem El-Gazzar added that in Badr City, 4 plots of land with an area of 7980.25 square meters were allocated for the establishment of commercial and administrative activities, and in Sadat City, 3 plots of land with an area of 302.93 acres were allocated for the establishment of a factory and agricultural activities, and in the city of Obour, 5 Plots of land with an area of 39.96 acres were allocated for the establishment of integrated urban projects. In the New 6th of October City, two plots of land with an area of 5.12 acres were allocated for the establishment of two factories, and in New Cairo, 3 plots of land with an area of 1.62 acres were allocated for the establishment of a commercial and administrative activities, educational and health services. In 6th of October City, two plots of land with an area of 12.79 acres have been allocated to establish an integrated urban activity, as well as two plots of land for the Ministry of Youth and Sports to establish a covered hall and a social club. ...
2021-03-03 09:49:08
