News / Business

Partment Celebrates Three Years of Success with the Launch of “PartmentX”

Partment, Egypt’s leading proptech company specializing in innovative property ownership and management solutions, has announced the launch of its new platform, PartmentX. Allowing individuals to invest in real estate starting from just EGP 50,000, this milestone coincides with the company’s third anniversary and marks a major step toward democratizing property investment in Egypt, Invest-Gate reports.

ERG Developments Partners with ABEC Egypt to Complete 6 Residential Buildings in “RI8” Project in New Capital with Investments of Up to Half a Billion EGP

ERG Developments, a leading real estate company in the New Capital, has signed a strategic partnership agreement with ABEC Egypt, a company specializing in general contracting and project management, to execute and finish two phases of the "RI8" project in the R8 residential district of the New Capital. The agreement covers a total value of EGP 500mn, involving the construction of six residential buildings within two blocks of the development, Invest-Gate reports.

Arabia Developments Signs Agreement with Elsewedy Industrial Development to Develop and Manage an Integrated Industrial Zone in New October City

Arabia Developments has signed a cooperation agreement with Elsewedy Industrial Development, a subsidiary of Elsewedy Electric, to develop and manage an integrated industrial zone in New October City, spanning over 2mn sqm. The initiative supports Egypt’s strategy to localize industries and enhance local production by establishing advanced industrial zones with smart infrastructure, fostering Egypt’s regional and global competitiveness, Invest-Gate reports.

Qatar to Invest USD 29.7bn in Egypt’s North Coast to Develop “Alam Al-Roum” Mega Project

Egypt and Qatar have signed a landmark investment agreement to develop the “Alam Al-Roum” area on Egypt’s northwestern coast into an integrated urban and tourism hub, with total investments estimated at USD 29.7bn, Invest-Gate reports.

DIG launches DEFAF project in the New Capital with EGP 1.5bn targeted sales from the initial launch

Following a series of successful developments in East and West Cairo, DIG has unveiled its seventh project in the New Capital — the DEFAF project — with targeted sales of EGP 1.5bn from the initial launch, Invest-Gate reports.

ÈLM Developments Signs EGP 3.5bn Agreement with Consolidated Contractors Company Egypt for “ÈLM Tree” Project in 6th of October City

ÈLM Developments has signed a significant agreement with Consolidated Contractors Company Egypt (CCC Egypt), valued at EGP 3.5bn, for the construction of the ÈLM Tree project in 6th of October City. CCC Egypt will serve as the main contractor, overseeing the full scope of construction for this ambitious development, Invest-Gate reports.

PRE Group Secures EGP 1bn Financing for Its Commercial and Administrative Project ZAG in New Cairo from a Banking Consortium Led by the National Bank of Egypt

Mashareq Real Estate Investment, a subsidiary of Pioneers Properties for Urban Development (PRE Group), has secured a long-term syndicated loan worth around EGP 1bn to finance the first phase of its commercial and administrative project “Zag East” in New Cairo. The loan was arranged by a banking consortium led by the National Bank of Egypt (NBE), with participation from the Industrial Development Bank and Abu Dhabi Commercial Bank, Invest-Gate reports.

Fawry and Wadi Degla Developments Announce Strategic Partnership to Accelerate Digital Transformation in Egypt’s Real Estate Sector

Fawry, Egypt’s leading fintech company, and Wadi Degla Developments have announced a strategic partnership to introduce integrated digital payment solutions for Wadi Degla customers through Fawry’s online payment gateway and POS network. The collaboration reinforces both companies’ commitment to advancing Egypt’s digital transformation agenda, particularly within the real estate sector, Invest-Gate reports.

Ora Developers Egypt Secures EGP 3bn Long-Term Financing from National Bank of Egypt for “Solana West” Project

Ora Developers Egypt and the National Bank of Egypt (NBE) have signed a long-term financing agreement worth EGP 3bn to fund part of the investment cost of the “Solana West” development, one of Ora’s flagship projects in West Cairo. The collaboration underscores the ongoing partnership between Egypt’s banking sector and major real estate developers to support urban expansion and the creation of modern, integrated communities in line with the state’s development strategy, Invest-Gate reports.

Beltone Venture Capital Expands Its Regional Footprint with a Successful Exit in Cathedis Morocco

Beltone Venture Capital (BVC), a wholly owned subsidiary of Beltone Holding, announced its successful exit from Cathedis, Morocco’s leading last-mile delivery and logistics platform, achieving an exceptional 100% Internal Rate of Return (IRR), Invest-Gate reports.

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