Marsa Matrouh Governorate will see the new Ras El Hekma city be developed as a fully-fledged urban area to provide some prosperous investment grabs, with designs akin to the North Coast's New Alamein.

Egypt's national real estate developer City Edge Developments (CED) has announced the launch of phase II of its Mazarine Islands development in New Alamein, North Coast, following the successful sell-out of the project's first phase.

Maxim Real Estate Investment (MREI) has signed some collaboration protocols with merely five Egypt-based real estate contractors to finalize construction of its integrated project on the North Coast, or "Bo Islands."

Egypt has constructed about 84% of the 15 coastal towers being undertaken in New Alamein, which are scheduled for finalization in 2021.

Misr Italia Properties (MIP) Managing Director and CEO Mohamed Khaled El Assal has uncovered plans to deliver phase I of Kai Sokhna in the upcoming November, which is being developed with combined investments of EGP 2.4 bn on the Red Sea coast.

Tatweer Misr recorded EGP 2 bn worth of sales in H1 2020 - equivalent to 75% of the developer's target sales for the period, making way for similar gains in the months ahead to log contractual deals of EGP 6 bn by year-end.

New Alamein City Authority has held the first auction for 11 mixed-use properties, in a bid to offer the necessary services and facilities to roll out a fully-fledged all-year-round city.

Marseilia Group has delivered phase II of its North Coast flagship project, dubbed "Marseilia Beach 4," with a total of 850 chalets and villas, in the face of strains endured to continue construction and finishing works due to Coronavirus.

Mangroovy for Hotels and Orascom Development Egypt (ODE) have signed a land sale contract worth EGP 104.8 mn for merely 40,654.5 square meters of land area in its Red Sea resort town of El Gouna.

Marseilia Group is celebrating the delivery of its North Coast megaproject, called "Marseilia Beach 4," which is being developed over three phases, with the final one scheduled for hand over in 2021.