The Minister of Housing, Utilities, and Urban Communities, Engineer Sherif El-Sherbini, announced the readiness of 138 land plots for electricity connection as part of the fifth phase in the Al-Nargis Extension area in New Cairo City. The minister emphasized monitoring the progress of handing over units and lands to Egyptians abroad, highlighting the ministry’s continuous efforts to provide real estate options that meet their needs and strengthen their connection with their homeland.
For his part, Engineer Abdel-Raouf El-Ghaity, Head of the New Cairo City Authority, clarified that connecting electricity to these lands is part of an integrated plan that includes completing all utility works and providing essential services in new residential areas. He pointed out that the Al-Nargis Extension area (Beit El Watan) is witnessing ongoing efforts to ensure full electricity coverage for all plots. He also called on landowners included in the current phase to promptly apply for verification and complete electricity connection procedures in line with the timeline published on the city’s official Facebook page.
In another context, the New Urban Communities Authority announced a new offering of several investment lands under the immediate allocation mechanism. In New Sohag City, the offered lands include a 4,384-square-meter plot designated for commercial, administrative, and residential use at a price of EGP 13,955 per square meter, in addition to an integrated urban land of 209,327 square meters at EGP 3,375 per square meter. Meanwhile, in West Qena and New Qena cities, usufruct lands for nursery activities have been offered with areas reaching up to 1,296 square meters. Similar nursery-activity plots were also offered in New Tiba and New Aswan cities, with varying sizes to suit different needs.
The Ministry of Housing continues its regular efforts in offering investment lands to meet the demands of companies and real estate developers. Investment spending on urban communities has significantly developed since 1978 until 2023, with total spending reaching EGP 1.364 trillion. Between 1978 and 2014, about EGP 64 billion was spent, with an annual average of EGP 1.8 billion. However, between 2014 and 2023, spending surged to EGP 1.3 trillion, with an annual average of EGP 144 billion.
As for population absorption in new cities during the same period, the total beneficiaries reached about 11.3 million people. The new cities accommodated 5 million residents during the first 36 years at an annual average of 140,000 people, while the rates increased significantly in the last nine years to 6.3 million residents at an annual average of 700,000 people.
In another development, the CEO of the Social Housing and Mortgage Finance Support Fund, Mai Abdel Hamid, announced that the second offering under the “Housing for All Egyptians 7” initiative is witnessing wide demand from low- and middle-income citizens. The number of citizens who downloaded the conditions booklet through the Egypt Digital Platform has reached 152,122 so far. She advised applicants to carefully read the booklet to choose the options that best suit their needs.
She explained that the first booklet is available for those interested in acquiring units in governorates “under construction,” which will be delivered within 36 months. These include areas such as Beheira, New Valley, Dakahlia, Minya, Matrouh, Damietta, and the Red Sea. The second booklet is designated for ready-to-deliver units in governorates such as Aswan, Beni Suef, Assiut, and others, with specific conditions applying to applicants who had previously applied under earlier program announcements in areas such as Sheta City and Hurghada.
In conclusion, the Fund continues to support the presidential initiative by providing diverse options tailored to the needs of targeted groups to help them achieve their dream of homeownership.
To follow the latest official offerings and browse thousands of residential properties across different cities, visit the Official Egyptian Real Estate Platform — your trusted gateway to finding the right home for you and your family.