News / Business

Backed with USD 1.1mn from A15, Beltone and angel investors, Byit Accelerates Its Mission to Disrupt PropTech in the Gulf

Byit Capital, a high-growth propTech platform based in the UAE, has secured USD 1.1mn in strategic funding from A15, Beltone Holding, and angel investors. This investment marks a significant step in the company’s mission to revolutionize the real estate brokerage market across the GCC, Invest-Gate reports.

Madinet Masr Inks MoU with Group Construction to Accelerate Development in Sarai with Total Investments of EGP 1.2bn

Madinet Masr, one of Egypt’s leading urban community developers, has signed a Memorandum of Understanding with Group Construction to execute new construction works in Sarai, the company’s flagship mixed-use project in East Cairo. The agreement supports Madinet Masr’s strategy to accelerate project timelines while maintaining high standards of quality and engineering excellence, Invest-Gate reports.

Horizon Egypt Signs EGP 42bn Land Deal with NUCA to Launch “Royal Saeed Towers” in New Cairo

Horizon Egypt Developments announced the signing of a land allocation contract with the New Urban Communities Authority (NUCA) for the “Royal Saeed Towers” project, a commercial and hotel development spanning nearly 28 feddans and exceeding EGP 42bn in total investments. The project supports the company’s vision to create landmark destinations that reinforce New Cairo’s role as a regional hub for premium hospitality and mixed-use services, in line with Egypt’s plan to expand hotel capacity and reach 30 million tourists by 2030, Invest-Gate reports.

Modon Holding Announces Strategic Investment in “Wellington Lifestyle Partners” to Expand Its Global Portfolio of Modern Lifestyle Destinations

Modon Holding, headquartered in Abu Dhabi, announced today a strategic investment in Wellington Lifestyle Partners (WLP), joining an existing coalition of investors in the company, Invest-Gate reports.

Mantrac Announces a New Strategic Partnership with Pickalbatros to Enhance Energy Efficiency Across Egypt’s Largest Tourism Resorts

Mantrac, the exclusive dealer of Caterpillar equipment and generators in Egypt, announced the signing of a renewed strategic partnership with Pickalbatros Hotels & Resorts for the second consecutive year, Invest-Gate reports.

Salam Properties partners with FAME Academies to bring the Real Madrid Foundation’s Educational Football Program to its communities.

FAME Academies, the official operator of the Real Madrid Foundation Educational Football Program (EFP) in Egypt, has announced a strategic collaboration with Salam Properties, the program’s official sponsor, to introduce the initiative within Salam Properties’ residential communities, Invest-Gate reports.

BINBAZ Developments Unveils WestVille as Its First Entry into Egypt’s Real Estate Market, Plans Three Major Projects in Five Years

BINBAZ Developments has officially entered Egypt’s real estate market with the launch of WestVille, an integrated urban development in West Cairo that marks the company’s first project in the country and the beginning of a broader five-year expansion plan, Invest-Gate reports.

The Lighthouse by Mountain View and Allianz Egypt Sign Agreement to Offer an Integrated Model Linking Financial Protection with Modern Living

Allianz Egypt, a leading insurance provider and member of SanlamAllianz, has signed a groundbreaking agreement with Mountain View for Development and Real Estate Investment, establishing Egypt’s first integrated model connecting insurance solutions with modern residential living, Invest-Gate reports.

Nawy Shares Secures Financial Regulatory Authority’s Approval and Advances the Fractional Real Estate Investment Model in Egypt

Nawy Shares has obtained official approval from the Financial Regulatory Authority’s (FRA) Company Establishment and Licensing Committee to operate in securities promotion and underwriting, as well as real estate investment fund management—marking a major milestone in formalizing the fractional real estate investment model in Egypt, Invest-Gate reports.

Sabah Investment, Reportage Group & ELIE SAAB Launch Azerbaijan’s First Branded Residence: Panorama by ELIE SAAB

Sabah Investment Group, in a joint venture with Reportage Group and global fashion and lifestyle brand ELIE SAAB, has announced Panorama by ELIE SAAB, the first branded residential development in Azerbaijan. Set within the upscale Sea Breeze community overlooking the Caspian Sea, the project introduces ELIE SAAB’s signature design language to the country and marks a new milestone in the brand’s expanding real estate portfolio, Invest-Gate reports.

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