{"id":637372,"date":"2017-11-14T04:08:32","date_gmt":"2017-11-14T04:08:32","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/14\/housing-ministry-considers-fixed-interest-rates-on-ppp-projects-with-developers\/"},"modified":"2017-11-14T04:08:32","modified_gmt":"2017-11-14T04:08:32","slug":"housing-ministry-considers-fixed-interest-rates-on-ppp-projects-with-developers","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/14\/housing-ministry-considers-fixed-interest-rates-on-ppp-projects-with-developers\/","title":{"rendered":"Housing Ministry considers fixed interest rates on PPP projects with developers"},"content":{"rendered":"<p>The Housing Ministry is considering holding interest rates on land purchases by developers steady for public-private partnership developments, Housing Minister Moustafa Madbouly said on Monday. The move would help reduce costs of land purchases by developers, who have been complaining that rising land prices have been a hindrance in expanding development, Madbouly said, <a href=\"http:\/\/www.shorouknews.com\/news\/view.aspx?cdate=13112017&id=af40e613-c130-42e9-995a-bc97731cef55\">according to Al Shorouk<\/a>. Madbouly also responded to land price complaints by rebuking developers who only focus on projects in and around Cairo at the expense of cheap land in other governorates.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Housing Ministry is considering holding interest rates on land purchases by developers steady for public-private partnership developments, Housing Minister Moustafa Madbouly said on Monday. The move would help reduce costs of land purchases by developers, who have been complaining that rising land prices have been a hindrance in expanding development, Madbouly said, according to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9304],"tags":[72,2402],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-637372","post","type-post","status-publish","format-standard","hentry","category-real-estate-housing","tag-enterpriseam","tag-real-estate-housing","wpautop","entry"],"acf":{"mongo_id":"addfa708-b067-4996-9ffa-3a7b893dca05","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[637338],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Housing Ministry considers fixed interest rates on PPP projects with developers - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/14\/housing-ministry-considers-fixed-interest-rates-on-ppp-projects-with-developers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Housing Ministry considers fixed interest rates on PPP projects with developers\" \/>\n<meta property=\"og:description\" content=\"The Housing Ministry is considering holding interest rates on land purchases by developers steady for public-private partnership developments, Housing Minister Moustafa Madbouly said on Monday. The move would help reduce costs of land purchases by developers, who have been complaining that rising land prices have been a hindrance in expanding development, Madbouly said, according to [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/14\/housing-ministry-considers-fixed-interest-rates-on-ppp-projects-with-developers\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-14T04:08:32+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/14\/housing-ministry-considers-fixed-interest-rates-on-ppp-projects-with-developers\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/14\/housing-ministry-considers-fixed-interest-rates-on-ppp-projects-with-developers\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Housing Ministry considers fixed interest rates on PPP projects with developers\",\"datePublished\":\"2017-11-14T04:08:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/14\/housing-ministry-considers-fixed-interest-rates-on-ppp-projects-with-developers\/\"},\"wordCount\":96,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Real Estate + Housing\"],\"articleSection\":[\"Real Estate + Housing\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/14\/housing-ministry-considers-fixed-interest-rates-on-ppp-projects-with-developers\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/14\/housing-ministry-considers-fixed-interest-rates-on-ppp-projects-with-developers\/\",\"name\":\"Housing Ministry considers fixed interest rates on PPP projects with developers - 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The government is set to sell several land plots spanning a minimum of 75 feddans apiece, and the developers want\u2026","rel":"","context":"In &quot;Real Estate + Housing&quot;","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":575216,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/06\/real-estate-developers-face-higher-solvency-requirements-for-land-allocation\/","url_meta":{"origin":637372,"position":1},"title":"Real estate developers face higher solvency requirements for land allocation","author":"enterpriseam admin","date":"6 October 2020","format":false,"excerpt":"Real estate developers are now required to meet a minimum solvency test on land purchases worth more than EGP 1 bn for service and mixed-use projects under regulatory amendments issued by the New Urban Communities Authority (NUCA), Al Mal reports. NUCA currently requires investors to make a 10% \u201ccommitment deposit\u201d\u2026","rel":"","context":"In &quot;Real Estate + Housing&quot;","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":632885,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/21\/naguib-sawiris-invested-in-real-estate-projects-through-gemini-holding\/","url_meta":{"origin":637372,"position":2},"title":"Naguib Sawiris invested in real estate projects through Gemini Holding","author":"enterpriseam admin","date":"21 February 2018","format":false,"excerpt":"Naguib Sawiris discussed investing in real estate projects in new urban communities through his family\u2019s private equity firm, Gemini Holding, with Housing Minister Mostafa Madbouly yesterday, Al Borsa reports. Madbouly said that the ministry is gearing up for tendering the third round of private-public partnership projects, with the available land\u2026","rel":"","context":"In &quot;Real Estate + Housing&quot;","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":630926,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/05\/housing-ministry-to-launch-an-investment-map-of-lands-being-tendered-for-projects\/","url_meta":{"origin":637372,"position":3},"title":"Housing Ministry to launch an investment map of lands being tendered for projects","author":"enterpriseam admin","date":"5 March 2018","format":false,"excerpt":"The Housing Ministry is working on an investment map of the lands being tendered for real estate and infrastructure projects, Minister Mostafa Madbouly announced yesterday, Al Mal reports. The map will include important information on each land plot, including its size and cost, and will be launched \u201csoon,\u201d according to\u2026","rel":"","context":"In &quot;Other Business News of Note&quot;","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":651120,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/05\/housing-ministry-to-issue-terms-and-conditions-for-bidding-on-land-in-new-capital-next-week\/","url_meta":{"origin":637372,"position":4},"title":"Housing Ministry to issue terms and conditions for bidding on land in new capital next week","author":"enterpriseam admin","date":"5 February 2017","format":false,"excerpt":"The Housing Ministry will be issuing the terms and conditions for bidding on land in the new administrative capital on 12 February, Housing Minister Mustafa Madbouly said, according to Al Borsa. 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