New Damietta City has recorded the largest share of offers made by companies competing on service lands in the two projects of Dar Misr for middle-income individuals and social housing for low-income individuals. In Al Shorouk City, 8 offers are competing over 3 out of a total of 4 lands offered. Meanwhile, in Obour City, investors made 4 offers to compete over 2 Dar Misr lands. Sources at the Ministry of Housing told Daily News Egypt that the demand by companies to reserve lands offered in Badr City is due to the hiking achievement rates in Dar Misr and the social housing projects in the city. In 2014, the Ministry of Housing announced Dar Misr project.
Source: Daily News Egypt March 20, 2017 09:45 UTC