By the end of October 24 developers signed with the Ministry of Housing 41 projects are underway in 18 cities

Home Finance - Real Estate Loans - Residential Projects - Residential

Posted in

The General Supervisor of the Partnerships Program at the Ministry of Housing, Ahmed Mandoura, revealed that 24 developers have signed with the Ministry of Housing to implement projects and the Ministry, whether on the land of the Ministry or the land of the developer, indicating that the number of projects under implementation amounts to 41 projects distributed in 18 cities until the end of October 2017, indicating that this number can increase after signing new agreements during the coming period, through the Ministry's intention to offer more projects to real estate developers during the current month and next month.

Mandoura explained that the Ministry's targeted projects until the end of the year include 120,000 housing units, including 10,000 ready-made units and 10,000 off-plan units. Mandoura explained that the ministry's targeted projects until the end of the year include 120,000 housing units, including 10,000 ready-made units and 110,000 off-plan sales units. Mandoura added that the choice of the location of the project is related to several factors, including the number of beneficiaries in the ministry's lists and the suitability of the land to implement the project in terms of infrastructure and services.