Arabtec hopes to begin construction of 1mn homes in Egypt...

Advice, information and discussion about Egypt in general.

Moderators: DJKeefy, 4u Network

User avatar
DJKeefy
Site Administrator
Site Administrator
Posts: 10874
Joined: Thu Jan 13, 2005 4:08 pm
Location: UK
Has thanked: 889 times
Been thanked: 1840 times
Gender:
Egypt

Arabtec hopes to begin construction of 1mn homes in Egypt...

Post by DJKeefy »

Arabtec hopes to begin construction of one million homes in Egypt this year.

Dubai's largest listed construction firm, Arabtec, hopes to begin the construction of one million housing units in Egypt before the end of the year.

Arabtec has conducted "intensive negotiations and meetings" during the past period with Egyptian officials for the project to begin before the end of 2014, the company said in a press release to the Dubai Financial Market on Wednesday.

"The company is making the maximum possible effort, in cooperation with the Ministry of Housing and New Urban Communities Authority in Egypt, to begin the construction of phase one of the project before the end of the current year."

In March, Arabtec agreed with the Egyptian army to build one million houses in a project worth LE280 billion ($40 billion).

The project is planned to cover 160 million square meters on land provided free by the armed forces across 13 sites in Egypt for lower income individuals.

Work on the project was originally scheduled to start in the third quarter of 2014 and to be completed before 2020, but delivery of units will start in 2017.

Source: http://english.ahram.org.eg/News/115383.aspx


Image

User avatar
Who2
Egyptian God
Egyptian God
Posts: 7075
Joined: Fri Jul 16, 2010 12:04 pm
Location: Lanikai Beach
Has thanked: 1630 times
Been thanked: 5455 times
Gender:
Hawaii

Re: Arabtec hopes to begin construction of 1mn homes in Egyp

Post by Who2 »

"Imagine if that was to be the headline in tomorrows Sun but reading England rather than Egypt, 'imagine a whole new city somewhere in Englands' green & pleasant land. Salisbury Plain perhaps with Stonehenge as the centre surround by Tesco's Lidl's, Sainsbury's and Iceland….:cool:
"The Salvation of Mankind lies in making everything the responsibility of All"
Sophocles.

newcastle
Egyptian God
Egyptian God
Posts: 7576
Joined: Thu Oct 17, 2013 11:49 am
Has thanked: 2120 times
Been thanked: 6342 times
Egypt

Re: Arabtec hopes to begin construction of 1mn homes in Egyp

Post by newcastle »

1 million homes costing 280 billion EGP. So....average....280,000EGP per home.

That's affordable to "lower income individuals"? :o

Or have I got a nought wrong somewhere?

User avatar
Who2
Egyptian God
Egyptian God
Posts: 7075
Joined: Fri Jul 16, 2010 12:04 pm
Location: Lanikai Beach
Has thanked: 1630 times
Been thanked: 5455 times
Gender:
Hawaii

Re: Arabtec hopes to begin construction of 1mn homes in Egyp

Post by Who2 »

In the 50's Hassan Fathy could build a whole village for £2k for 2thousand villagers.. :cool:
"The Salvation of Mankind lies in making everything the responsibility of All"
Sophocles.

User avatar
Bullet Magnet
Royal V.I.P
Royal V.I.P
Posts: 2530
Joined: Sat Nov 21, 2009 10:38 am
Location: Le Manège Enchanté
Has thanked: 9029 times
Been thanked: 2303 times

Re: Arabtec hopes to begin construction of 1mn homes in Egyp

Post by Bullet Magnet »

Presumably before the days of concrete: :tk

Some say the old days were better, but then my mate BP fell in the Thames in 1955, and spent a few days in Hospital recovering, because the river was so polluted back then..
Lucky to be alive, some say, but then he is naturally Lucky.. :cool:
There's a time for everyone, if they only learn
That the twisting kaleidoscope moves us all in turn.

User avatar
Chris
Member
Member
Posts: 207
Joined: Sun Feb 20, 2005 12:50 pm
Location: Luxor
Has thanked: 11 times
Been thanked: 102 times
Egypt

Re: Arabtec hopes to begin construction of 1mn homes in Egyp

Post by Chris »

Does Egypt need 1million new homes when, today, in my small street I counted 20 empty apartments! So if there are 20 vacant in my street how many empty ones are there in Luxor?

User avatar
Who2
Egyptian God
Egyptian God
Posts: 7075
Joined: Fri Jul 16, 2010 12:04 pm
Location: Lanikai Beach
Has thanked: 1630 times
Been thanked: 5455 times
Gender:
Hawaii

Re: Arabtec hopes to begin construction of 1mn homes in Egyp

Post by Who2 »

Bullet Magnet wrote:Presumably before the days of concrete: :tk

Some say the old days were better, but then my mate BP fell in the Thames in 1955, and spent a few days in Hospital recovering, because the river was so polluted back then..
Lucky to be alive, some say, but then he is naturally Lucky.. :cool:
13087….. :cool:
"The Salvation of Mankind lies in making everything the responsibility of All"
Sophocles.

User avatar
Bullet Magnet
Royal V.I.P
Royal V.I.P
Posts: 2530
Joined: Sat Nov 21, 2009 10:38 am
Location: Le Manège Enchanté
Has thanked: 9029 times
Been thanked: 2303 times

Re: Arabtec hopes to begin construction of 1mn homes in Egyp

Post by Bullet Magnet »

Double Suicide ?

He was working on the Dartford Tunnel where he fell in, he lived in East Ham.

Up until the sewage business was sorted out in the 1800s, cholera killed thousands, the river was still filthy with industrial waste etc.
Nothing much lived in the river starting from Chelsea down to Graves End in Essex.[ Any one having a day out in Southend in the 50s will know what i'm saying]

When the docks closed down years later and all the area was redeveloped, life began to return to the Thames, ...even migratory fish have been observed these days.

I guess humans are making progress... :cool:


Anyhow, he too is visiting London from Miri where he now lives. He was telling me this ..

Tower of London in the news with all those poppies in the moat. Between 1949-51 i used to go there regular with the army cadets to practice our shooting skills.
We were supervised by the guards regiment who were stationed there at the time. The firing ranges were inside buildings and were used in the early part of the 1900s to execute, [by shooting] a number of traitors etc.
I visited the Tower a couple of years ago for the first time since the 50s and asked some wardens about the ranges.
They said they had no knowledge concerning them,... i think some events do not go down well with tourists....
I must say the Tower in the 50s used to be deserted most days, with most folk having more on their minds, [there were a lot more Ravens on the tower lawns than tourists then too]... The river Thames and docks were flat out with boats and tugs busy day and night, you knew you were near the river just by the smell, [ you can almost drink out of it now] The place and surrounding areas were almost unrecognizable to me,...just shows what a good makeover, tourists and the dough they spend can do.
There's a time for everyone, if they only learn
That the twisting kaleidoscope moves us all in turn.

User avatar
DJKeefy
Site Administrator
Site Administrator
Posts: 10874
Joined: Thu Jan 13, 2005 4:08 pm
Location: UK
Has thanked: 889 times
Been thanked: 1840 times
Gender:
Egypt

Re: Arabtec hopes to begin construction of 1mn homes in Egyp

Post by DJKeefy »

Chris wrote:Does Egypt need 1million new homes when, today, in my small street I counted 20 empty apartments! So if there are 20 vacant in my street how many empty ones are there in Luxor?
There must be a million empty apartments in Hurghada too, which would cost a lot less to buy if newcastles figures are correct :roll:
Image

User avatar
Bullet Magnet
Royal V.I.P
Royal V.I.P
Posts: 2530
Joined: Sat Nov 21, 2009 10:38 am
Location: Le Manège Enchanté
Has thanked: 9029 times
Been thanked: 2303 times

Re: Arabtec hopes to begin construction of 1mn homes in Egyp

Post by Bullet Magnet »

one million houses in a project worth LE280 billion

Newcastles maths is sound.. :cool:


How about buying up some old hotels ? these could be converted into affordable housing.. :tk
There's a time for everyone, if they only learn
That the twisting kaleidoscope moves us all in turn.

User avatar
Dusak
Egyptian Pharaoh
Egyptian Pharaoh
Posts: 5937
Joined: Sun May 11, 2008 2:29 pm
Location: LUXOR
Has thanked: 5918 times
Been thanked: 7384 times
Gender:
Thailand

Re: Arabtec hopes to begin construction of 1mn homes in Egyp

Post by Dusak »

Bullet Magnet wrote:one million houses in a project worth LE280 billion

Newcastles maths is sound.. :cool:


How about buying up some old hotels ? these could be converted into affordable housing.. :tk
As long as its not in my back yard. :up :D
Life is your's to do with as you wish- do not let other's try to control it for you. Count Dusak- 1345.

User avatar
Brian Yare
Royal V.I.P
Royal V.I.P
Posts: 2549
Joined: Mon Dec 01, 2008 4:11 pm
Location: Worcester, UK
Has thanked: 1185 times
Been thanked: 1265 times
Gender:
United Kingdom

Re: Arabtec hopes to begin construction of 1mn homes in Egyp

Post by Brian Yare »

Who2 wrote:In the 50's Hassan Fathy could build a whole village for £2k for 2thousand villagers.. :cool:
Yes, and nobody wanted to live there!

User avatar
carrie
Egyptian Pharaoh
Egyptian Pharaoh
Posts: 4604
Joined: Mon Mar 14, 2005 10:46 am
Location: luxor
Has thanked: 2971 times
Been thanked: 5600 times
United Kingdom

Re: Arabtec hopes to begin construction of 1mn homes in Egyp

Post by carrie »

There are a lot of empty apartments everywhere but can the average Egyptian afford the rent being asked?

User avatar
Who2
Egyptian God
Egyptian God
Posts: 7075
Joined: Fri Jul 16, 2010 12:04 pm
Location: Lanikai Beach
Has thanked: 1630 times
Been thanked: 5455 times
Gender:
Hawaii

Re: Arabtec hopes to begin construction of 1mn homes in Egyp

Post by Who2 »

My mate Danny built the Tower of London's Raven cage they paid him £5k…. :cool:
"The Salvation of Mankind lies in making everything the responsibility of All"
Sophocles.

User avatar
jewel
Egyptian God
Egyptian God
Posts: 8473
Joined: Wed Jan 19, 2005 10:09 pm
Has thanked: 286 times
Been thanked: 167 times
Gender:
United Kingdom

Re: Arabtec hopes to begin construction of 1mn homes in Egyp

Post by jewel »

13092
Oh well soon all the planet will be humans habitat...
I don't have a plan......so nothing can go wrong!

Image

A-Four
Egyptian Pharaoh
Egyptian Pharaoh
Posts: 3883
Joined: Wed Jul 29, 2009 10:04 pm
Location: London
Has thanked: 1626 times
Been thanked: 1732 times
Gender:
China

Re: Arabtec hopes to begin construction of 1mn homes in Egyp

Post by A-Four »

DJKeefy wrote:
Chris wrote:Does Egypt need 1million new homes when, today, in my small street I counted 20 empty apartments! So if there are 20 vacant in my street how many empty ones are there in Luxor?
There must be a million empty apartments in Hurghada too, which would cost a lot less to buy if newcastles figures are correct :roll:
I shall come back to this subject, but unfortunately for this purpose I am still in Egypt, so. perhaps not just yet.

User avatar
Dusak
Egyptian Pharaoh
Egyptian Pharaoh
Posts: 5937
Joined: Sun May 11, 2008 2:29 pm
Location: LUXOR
Has thanked: 5918 times
Been thanked: 7384 times
Gender:
Thailand

Re: Arabtec hopes to begin construction of 1mn homes in Egyp

Post by Dusak »

A-Four wrote:
DJKeefy wrote:
Chris wrote:Does Egypt need 1million new homes when, today, in my small street I counted 20 empty apartments! So if there are 20 vacant in my street how many empty ones are there in Luxor?
There must be a million empty apartments in Hurghada too, which would cost a lot less to buy if newcastles figures are correct :roll:
I shall come back to this subject, but unfortunately for this purpose I am still in Egypt, so. perhaps not just yet.
... and once again we await with bated breath. :cg :cg
Life is your's to do with as you wish- do not let other's try to control it for you. Count Dusak- 1345.

User avatar
Bullet Magnet
Royal V.I.P
Royal V.I.P
Posts: 2530
Joined: Sat Nov 21, 2009 10:38 am
Location: Le Manège Enchanté
Has thanked: 9029 times
Been thanked: 2303 times

Re: Arabtec hopes to begin construction of 1mn homes in Egyp

Post by Bullet Magnet »

You know when you or I buy a pencil and it cost's about 50 pence ?
Governments will spend about 10 quid buying the same pencil, and still have nothing to draw with.. :cg
There's a time for everyone, if they only learn
That the twisting kaleidoscope moves us all in turn.

User avatar
jewel
Egyptian God
Egyptian God
Posts: 8473
Joined: Wed Jan 19, 2005 10:09 pm
Has thanked: 286 times
Been thanked: 167 times
Gender:
United Kingdom

Re: Arabtec hopes to begin construction of 1mn homes in Egyp

Post by jewel »

Remember this from the 1960s? And the population was only 3 billion then as opposed to a rapidly increasing 7.5 billion now.

phpBB [video]
I don't have a plan......so nothing can go wrong!

Image

User avatar
Glyphdoctor
Egyptian God
Egyptian God
Posts: 7525
Joined: Mon Aug 08, 2005 2:48 pm
Has thanked: 919 times
Been thanked: 2820 times
Gender:
Egypt

Re: Arabtec hopes to begin construction of 1mn homes in Egyp

Post by Glyphdoctor »

Dusak wrote:
A-Four wrote:
I shall come back to this subject, but unfortunately for this purpose I am still in Egypt, so. perhaps not just yet.
... and once again we await with bated breath. :cg :cg
Do you really believe this is his last trip ever to Egypt?

A4 I am sure is aware at least two expats were kicked out on ARRIVAL this year. So whether he says his stuff here or on UK soil, it's all the same.

I think it is all for dramatic effect more than some sort of critical commentary. Or maybe he is just too busy and is marking the posts he wants to come back to later.

  • Similar Topics
    Replies
    Views
    Last post
  • Russia to loan Egypt $25bn for nuclear plant construction
    by DJKeefy » Mon Nov 30, 2015 8:17 pm » in Know Egypt
    4 Replies
    1512 Views
    Last post by Brian Yare
    Wed Dec 02, 2015 10:01 am
  • Egypt hopes for a ‘no strike’ scenario against Syria
    by DJKeefy » Tue Aug 27, 2013 3:20 pm » in Know Egypt
    63 Replies
    6509 Views
    Last post by Dusak
    Sun Sep 22, 2013 8:49 am
  • Egypt upheaval mars hopes of end to economic woes
    by DJKeefy » Sun Jul 14, 2013 11:43 am » in Know Egypt
    0 Replies
    436 Views
    Last post by DJKeefy
    Sun Jul 14, 2013 11:43 am
  • 15 arrested after arson attack on Christian homes in Egypt
    by DJKeefy » Sun Jul 17, 2016 5:54 pm » in News and Sport
    1 Replies
    305 Views
    Last post by newcastle
    Sun Jul 17, 2016 6:26 pm
  • Egypt massacre - then the lies begin
    by jewel » Thu Aug 15, 2013 6:53 pm » in Know Egypt
    26 Replies
    2171 Views
    Last post by Dusak
    Fri Aug 16, 2013 9:40 pm