The British Hospitality group is set to open a luxury boutique resort hotel and serviced residences for the first at The Med – North Coast.
With over 40 projects worldwide, one of which is soon opening in Egypt’s new area Il Monte Galala, Kerten Hospitality is ongoing with its global footprint expansion. In an exclusive interview with Invest Gate, the Group’s COO Wafik Youssef focuses on the real estate opportunities in Egypt, highlighting the potential for growth in the country, and hinting to the group’s interest to expand further.
In an exclusive interview with Invest Gate, CEO of Kerten Hospitality Marloes Knippenberg highlights the need for a shift towards ESG investments, operations and Ecosystems. She shares insights about the rollout of the Group's ESG-focused ethos across all properties, pipeline of developments as well as operations - a strategy that centers around Locality, support for the communities around projects and an embrace of a more sustainable operations mode
Starlight Developments acquires Redcon Construction to implement See The Sea phase at its Katameya Coast project on the North Coast at an investment cost of EGP 3bn. Katameya Coast is located 180 km from Alexandria to Marsa Matrouh, featuring seven elevated platforms to guarantee all units with a sea view.
In less than three months since the launch of its first project in the Egyptian market, Jumeirah Egypt has obtained the Ministerial Decree No. 608 on 9/7/2021 & the Land Contract from the New Urban Communities Authority, to be one of the first developers to obtain a ministerial decree from the New Urban communities Authority in Ras El Hekma.
Fulfilling Jumeirah Egypt’s vision to create fully-fledged gated communities, “We strive to maintain the concept of sustainability by running our business in Egypt via a group of subsidiaries to provide a vast range of inclusive services with the purpose of surpassing wholeness in everything we do,” says Jumeirah Egypt CEO Hisham El Danasoury.
Starlight Developments announces its commitment to invest around EGP 10 bn in the Egyptian real estate market over the next three years.
Translated by Reem Selim
The Egyptian summer real estate market has become attractive for those seeking recreation; in fact, summer homes are now a golden opportunity to join the second home market community of investors.
Recently, the Egyptian second home market has also been a potential among foreign homebuyers. Accordingly, Egyptian government has paid a great deal of attention to coastal cities development, in a bid to revitalize the second home market, especially on Egypt’s Northwest Coast area, which attracts hundreds of visitors, compared to other regions.
To give a little sneak peek into what to expect from the four-day event, Invest-Gate speaks to exhibiting companies and developers and gets an overview of Cityscape Egypt 2020. We aspire to manifest what property exhibition offers to boost real estate demand, following more than six months of almost complete paralysis.
The economics of real estate rests on supply and demand curves for being closely intertwined concepts, determining production and resource intensity, as well as, consumer spending. Therefore, Invest-Gate puts the Egyptian property sector under the spotlight, examining the current conditions of the two crucial poles of the industry, while laying hands on the trending tactics used by developers to excel and ace the market circumstances.
