News / Business

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.

Developer X Signs Agreement with Al Borouj Misr to Operate the Red Residence Hotel in New Cairo

Developer X for Investment and Development has signed an agreement with Al Borouj Misr to manage and operate The Red Residence hotel and its serviced apartments in the heart of New Cairo’s Fifth Settlement, one of the city’s most prestigious districts, Invest-Gate reports.

Egyptian Minister of Investment and Foreign Trade Meets Saudi Commerce Minister in Riyadh to Strengthen Trade, Investment, and Port Connectivity Between Both Countries

Eng. Hassan ElKhatib, Minister of Investment and Foreign Trade, held several bilateral meetings on the sidelines of the ninth edition of the Future Investment Initiative (FII) in Riyadh. El Khatib is attending the forum on behalf of H.E. President Abdel Fattah El-Sisi. The event takes place at the King Abdulaziz International Conference Center from October 27 to 30 under the theme “The New Compass,” sponsored by King Salman bin Abdulaziz Al Saud, Invest-Gate reports.

“Tameer” Announces Strategic Partnership with “The GrEEK Campus” for “URBAN BUSINESS LANE” Project

In a move that reflects its ongoing commitment to partnering with leading innovators, "Tameer" for Engineering Consultancy has announced a strategic collaboration with The GrEEK Campus to introduce a new model of branded business partnerships in the Middle East. The partnership will launch a fully equipped co-working space and flexible offices within Tameer’s flagship project, URBAN BUSINESS LANE (UBL), in New Cairo, Invest-Gate reports.

Somabay Signs New Cooperation Agreement With EDECS To Expand And Upgrade Its Marina Infrastructure

Somabay, the leading Red Sea coastal destination, has signed a new cooperation agreement with EDECS, a prominent regional engineering and construction company, to launch the second phase of the marina expansion and infrastructure development project, Invest-Gate reports.

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