News / Business

GTEZ Signs First Industrial Developer Agreement with Elsewedy Industrial Development to Develop 6mn sqm in Safaga

The Golden Triangle Economic Zone Authority has signed its first industrial developer agreement with Elsewedy Industrial Development to develop an integrated industrial and logistics zone spanning a total area of 6 million square meters in the city of Safaga. The agreement was signed by Mr. Mohamed Ibrahim, Deputy Chairman of the Authority, and Eng. Mohamed El-Qammah, Chief Executive Officer of Elsewedy Industrial Development. The signing ceremony was attended by Eng. Mohamed Abady, Chairman of the Golden Triangle Economic Zone Authority; Eng. Ahmed Elsewedy, President and CEO of Elsewedy Electric; Dr. Walid El-Barqy, Governor of the Red Sea; members of the Board of Directors of the Golden Triangle Economic Zone Authority; the Elsewedy Industrial Development team; and representatives of TAQA Arabia, Invest-Gate reports.

DCUD, in Partnership with Nations of Sky and Al Ahly SC, Launches a Strategic Partnership to Establish a New Al Ahly SC Branch on 40 Feddans on The Eastern Coast of New Mansoura City

Delta Capital For Urban Developments - DCUD, in partnership with Nations of Sky and Al Ahly Club, announced a strategic partnership to establish and operate a new branch of Al Ahly Club on an area of 40 feddans on the eastern coast of New Mansoura City. The announcement was made during a major celebration held at the project site, attended by senior officials, company executives, business leaders, and media representatives, Invest-Gate reports.

El Salmany Group Expands Industrial Footprint in the Suez Canal Axis, Targeting Leadership in Fasteners and Supporting Industries

Ahmed Soliman, chairman of El Salmany Group, announced that the company has launched a new phase of its ambitious expansion strategy, focusing on strengthening its presence in the metal manufacturing and supporting industries sectors through the establishment of several specialized factories within the Suez Canal Economic Zone's free industrial zone. The expansion aligns with Egypt’s strategy to promote local manufacturing, increase exports, and attract industrial investments, Invest-Gate reports. 

Mountain View Launches “Wellth” in New Cairo in Collaboration with LA7

Mountain View has announced the launch of “Wellth”, in collaboration with LA7, across the company’s developments in East Cairo, West Cairo, and the North Coast. The initiative marks a new step in the evolution of the company’s vision for developing more integrated communities centered on quality of life, wellness hospitality, hotel-style services, and seamless daily experiences within a single residential destination, Invest-Gate reports.

K Developments Contracts with NAMAA EXP as the Operational Consultant for Palencia Plaza

K Developments announced the signing of a cooperation agreement with NAMAA EXP, which will serve as the operational consultant for Palencia Plaza in Al Shorouk City, Invest-Gate reports.

Beltone Asset Management and Telda Partner to Expand Digital Investing Access in Egypt

Beltone Asset Management, a subsidiary of Beltone Holding, has partnered with Telda, the fintech platform specializing in digital financial services, to broaden access to Beltone’s investment products and mutual funds through Telda’s digital platform, Invest-Gate reports.

Egyptian Kuwaiti Real Estate Development, Hassan Allam Holding Forge Strategic Partnership to Develop Landmark Projects Worth EGP 270bn

Egyptian Kuwaiti Real Estate Development Company has signed a strategic partnership agreement with Grova West, a subsidiary of Hassan Allam Holding, to jointly develop a 295-feddan land parcel in the eastern expansion area of 6th of October City, Invest-Gate reports.

HDP and TULUA Developments, Signs Strategic Partnership with Radisson Blu to Develop a Five-Star Hotel within the Blu Stays at The Island Marina 5

(HDP) Housing and Development Properties, the real estate arm of Housing and Development Bank, in collaboration with TULUA Developments, announced the signing of a strategic partnership agreement with Radisson Blu, one of the world’s leading hospitality brands, to develop a five-star hotel within the Blu Stays the last phase at The Island project. Developed by HDP and located in the prestigious “Ministers’ Peninsula” in Marina 5, the partnership reflects the companies’ commitment to delivering integrated hospitality and serviced living experiences aligned with the highest international standards, Invest-Gate reports.

seven and PRE Group Launch an Integrated Model for Real Estate Development and Financing Solutions Within Residential Communities

seven, a leading consumer finance solutions provider in Egypt, has announced a strategic partnership with PRE Group to offer integrated financing solutions for home finishing and furnishing across the company’s projects. The partnership aims to deliver a more comprehensive residential experience by integrating financing solutions into the real estate development ecosystem and services associated with everyday living, Invest-Gate reports.

Minister of Investment Begins London Meetings with UK Business Secretary to Strengthen Investment and Trade Partnership

Dr. Mohamed Farid Saleh, Minister of Investment and Foreign Trade, held a meeting with Blair McDougall, the UK's Secretary for Business and Economic Transformation, in the presence of Ahmed Kouchouk, Minister of Finance, and Egypt's Ambassador to the United Kingdom, Ashraf Swelam, as part of the ministerial delegation visit organized by the British Egyptian Business Association (BEBA) in London, Invest-Gate reports.

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