The Minister of the Public Business Sector meets with the newly formed board of directors of El Nasr Housing and Development Company.
Here the English translation of your text: --- **Minister of Public Business Sector Meets with Newly Formed Board of Directors of El Nasr Housing and Development Company** **Directs the Company to Achieve a Qualitative Leap in Performance, Strengthen Governance, and Maximize Asset Utilization through Clear Plans** **Eng. Mohamed Shimi: Improving Customer Service is a Top Priority… Commitment to the Highest Standards of Quality and Efficiency in Projects** **El Nasr Housing is One of the Oldest Real Estate Development Companies… We Are Working Towards a More Efficient and Sustainable New Beginning** --- Eng. Mohamed Shimi, Minister of Public Business Sector, held a meeting with the newly formed Board of Directors of El Nasr Housing and Development Company, as part of the ministrys strategy to enhance performance, inject new blood, and leverage exceptional talents in managing affiliated companies. The meeting was attended by Major General Eng. Mohamed Mostafa, Executive Managing Director of the Holding Company for Construction and Development; Accountant Essam Abdel Fattah, Financial and Administrative Managing Director of the Holding Company Accountant Ashraf Abdullah, Chairman of El Nasr Housing and Eng. Ibrahim Ramadan, Executive Managing Director of El Nasr. The meeting reviewed the status of several ongoing projects implemented by El Nasr, either independently or in partnership with the private sector. It also addressed the challenges facing the implementation of some projects and explored ways to overcome them in order to enhance the companys competitiveness and ensure sustainable returns. At the beginning of the meeting, the Minister expressed his appreciation to the previous board for their efforts during the past period, stressing the ministrys commitment to continuous improvement in performance and management systems, effective coordination between subsidiaries, and adherence to the highest standards of quality, efficiency, and sustainability in projects—whether implemented independently or through private sector partnerships. Eng. Mohamed Shimi emphasized the need to enhance the quality of customer service and promptly respond to customer needs and feedback, considering this a key performance indicator. He also stressed the importance of compliance with occupational health, safety, and environmental standards, accelerating project implementation according to defined timelines, and working according to a clear strategy with measurable and trackable execution plans to ensure continuous performance improvement. The Minister also instructed the preparation of a clear plan to utilize the company real estate asset portfolio, in a way that maximizes returns and ensures optimal economic benefit. He emphasized the importance of embedding the principles of governance, transparency, and accountability to enhance performance efficiency and ensure optimal resource use. Clear and measurable performance indicators should be established to monitor progress across departments and projects, noting that true institutional transformation begins with sound governance and professional performance tracking. Eng. Mohamed Shimi pointed out that El Nasr Housing and Development is one of Egypts oldest real estate development companies, with a long record of achievements. This calls for continued progress and advancement toward new horizons of excellence and competitiveness. He directed the new board to intensify efforts and work diligently to bring about a qualitative leap in the companys performance in a manner that serves the national economy.
Approval of the estimated budget and renewal of the Board of Directors
The Holding Company for Construction and Development approved the estimated budget for the fiscal year 2025-2026, with the renewal of the Board of Directors of El Nasr Housing and Development Company for a period of one year.
The Minister of the Public Business Sector follows up on the implementation of the projects of the *Holding Company for Construction* companies within the presidential initiative *Decent Life*.
Eng. Mohamed Shimi, Minister of Public Enterprises, followed up on the progress of projects being implemented by subsidiaries of the Construction and Development Holding Company in several governorates, as part of the presidential initiative *Decent Life* The minister reviewed a report received from the management of the Construction Holding Company regarding the completion rates and stages of implementation for the projects. These projects include the construction of water and sewage networks, treatment plants, and various service buildings. The report indicated notable progress at different project sites across a number of governorates, including Aswan, Luxor, Qena, Sohag, Minya, Kafr El-Sheikh, Gharbia, Dakahlia, Qalyubia, Beheira, and Menoufia. The companies responsible for executing these projects are: El Nasr General Contracting *Hassan Allam*, Egyptian Contracting Co. *Mokhtar Ibrahim*, Egyptian Joint Stock Contracting Co. *El Abd*, El Nasr Buildings and Construction *Egyco*, Misr Concrete Development Company, and the High Dam Electrical Projects Company *Hydrolico.* Eng. Mohamed Shimi emphasized the importance of the subsidiaries adhering to the set project timelines and completing the work according to the highest quality standards. He highlighted the vital role played by the *Decent Life* initiative in developing rural villages and underserved areas, improving living standards, upgrading the quality of services provided to citizens, and achieving sustainable development.
Public auction for a plot of land with its buildings, structures and facilities on 5/25/2025
Al Nasr Housing and Development Company announces a public auction using the sealed envelopes system for the following property: Land Plot with Buildings and Facilities: A land plot, including all buildings, constructions, and utilities, with an area of 66,717 m², located in Abu Samran, Belbeis, Sharqia Governorate. The envelope opening session will take place on Sunday, May 25, 2025, at the Hilton Cairo Heliopolis Hotel – Heliopolis, Cairo, at 11:00 AM. The terms and specifications booklet, containing all details, can be obtained from: National Company for Asset Management and Investment, 7 Abdel Khalek Tharwat Street. Al Nasr Housing and Development Company, Plot 26, 17th Street, Al Hadaba Al Olya, Mokattam. For inquiries, please contact: 19643, 01010011164, 01010011165
Public auction for residential units and a fully established building on 5/11/2025
Al Nasr Housing and Development Company announces a public auction using the sealed envelopes system for the following properties: Two Residential Units: Two residential units located in Al Hadaba Al Olya and Al-Maarag Al-Olwi. Complete Land and Building: Full land and buildings of a residential building No. 92, located in the Al-Amal subdivision in Al-Hadaba Al-Sofla, Maarag City, built on a plot of land with an area of 600 m². The envelope opening session will take place on Sunday, May 11, 2025, at the Hilton Cairo Heliopolis Hotel – Heliopolis, Cairo, at 11:00 AM. The terms and specifications booklet, containing all details, can be obtained from: National Company for Asset Management and Investment, 7 Abdel Khalek Tharwat Street. Al Nasr Housing and Development Company, Plot 26, 17th Street, Al Hadaba Al Olya, Mokattam. For inquiries, please contact: 19643, 01010011164, 01010011165
Public auction for a service and fuel station and 4 other plots of land on 5/25/2025
Al Nasr Housing and Development Company announces a public auction using the sealed envelopes system for the following properties: Vacant Land Plot: A vacant plot with an area of 4,668 m², designated for a service and fuel station, located in the Al-Amal subdivision in Al-Maarag, directly on Hassaballah El Kafrawy Axis. Four Vacant Residential Plots: Four vacant plots with areas ranging from 619 m² to 1,008 m², designated for residential use, located north of the Second District, Middle Plateau, Mokattam. The envelope opening session will take place on Sunday, May 25, 2025, at the Hilton Cairo Heliopolis Hotel – Heliopolis, Cairo, at 11:00 AM. The terms and specifications booklet, containing all details, can be obtained from: National Company for Asset Management and Investment, 7 Abdel Khalek Tharwat Street. Al Nasr Housing and Development Company, Plot 26, 17th Street, Al Hadaba Al Olya, Mokattam. For inquiries, please contact: 19643, 01010011164, 01010011165