News / Business

With Investments of EGP 400 million, A Strategic Partnership between Madinet Masr and EL SEWEDY ELECTRIC to Execute Infrastructure Works at “Elan” in Sarai

Madinet Masr (EGX: MASR.CA), one of Egypt’s leading urban community developers, and ELSEWEDY ELECTRIC S.A.E. (EGX: SWDY.CA), a global leader in integrated energy, infrastructure, and digital solutions, have signed a Memorandum of Understanding (MoU) with ElSEWEDY ELECTRIC Infrastructure, a specialized subsidiary of ElSEWEDY ELECTRIC , to execute advanced infrastructure works at “Elan”, located within “Sarai” development in East Cairo. Valued at EGP 400 million, the strategic partnership supports Madinet Masr’s vision to develop sustainable urban communities built on smart infrastructure that enhances quality of life and delivers long-term value, in line with international engineering standards and best practices, Invest-Gate reports.

Smart Villages Development and Management Company Announces the Joining of Royal Insurance to the Smart Village Community

Smart Villages Development and Management Company (SVC) announced that Royal Insurance, one of the leading companies operating in Egypt’s insurance sector, has joined the Smart Village business community through the purchase of Administrative Building “B” within the KONEKT Administrative Complex. This step represents a strategic milestone that reflects the strong confidence of major institutions in the advanced environment and integrated infrastructure offered by Smart Village, further reinforcing its position as the first and largest integrated business community in Egypt, Invest-Gate reports.

Basata Secures SOC 2 Type II and PCI DSS v4.0.1 Level 1 Certifications to Reinforce its Commitment to Customer Data Security

Basata for Financial Payments, Egypt’s leading electronic payment services provider, announced that it has obtained the internationally recognized SOC 2 Type II and PCI DSS v4.0.1 Level 1 certifications, reaffirming its unwavering commitment to the highest standards of customer data security and protection. The dual achievement strengthens trust with clients and partners and further cements Basata’s position as a leading provider of payment solutions and financial services in the Egyptian market, Invest-Gate reports.

Strategic Alliance Unites KHK and On Plan to Launch KHK 31 in Dubai

KHK Real Estate Development (KHK) announced the launch of its new project, “KHK 31,” located in Dubai’s Al Warsan district, through a strategic partnership with On Plan Real Estate, aimed at strengthening luxury investment offerings in Dubai’s growing real estate market, Invest-Gate reports.

Karma Urban Development Launches “KAVI” Project in New Cairo and Signs Cooperation Protocols with Leading Engineering Consultancy Firms

Karma Urban Development unveiled its first project, KAVI, a mixed-use development located in a prime area of New Cairo. The project integrates commercial, administrative, and medical spaces, and is designed to be a vibrant hub that supports business growth. To further cement its position in the Egyptian market, Karma also signed three cooperation protocols with leading engineering consultancy firms specializing in large-scale commercial center management and execution, Invest-Gate reports.

Backed with USD 1.1mn from A15, Beltone and angel investors, Byit Accelerates Its Mission to Disrupt PropTech in the Gulf

Byit Capital, a high-growth propTech platform based in the UAE, has secured USD 1.1mn in strategic funding from A15, Beltone Holding, and angel investors. This investment marks a significant step in the company’s mission to revolutionize the real estate brokerage market across the GCC, Invest-Gate reports.

Madinet Masr Inks MoU with Group Construction to Accelerate Development in Sarai with Total Investments of EGP 1.2bn

Madinet Masr, one of Egypt’s leading urban community developers, has signed a Memorandum of Understanding with Group Construction to execute new construction works in Sarai, the company’s flagship mixed-use project in East Cairo. The agreement supports Madinet Masr’s strategy to accelerate project timelines while maintaining high standards of quality and engineering excellence, Invest-Gate reports.

Horizon Egypt Signs EGP 42bn Land Deal with NUCA to Launch “Royal Saeed Towers” in New Cairo

Horizon Egypt Developments announced the signing of a land allocation contract with the New Urban Communities Authority (NUCA) for the “Royal Saeed Towers” project, a commercial and hotel development spanning nearly 28 feddans and exceeding EGP 42bn in total investments. The project supports the company’s vision to create landmark destinations that reinforce New Cairo’s role as a regional hub for premium hospitality and mixed-use services, in line with Egypt’s plan to expand hotel capacity and reach 30 million tourists by 2030, Invest-Gate reports.

Modon Holding Announces Strategic Investment in “Wellington Lifestyle Partners” to Expand Its Global Portfolio of Modern Lifestyle Destinations

Modon Holding, headquartered in Abu Dhabi, announced today a strategic investment in Wellington Lifestyle Partners (WLP), joining an existing coalition of investors in the company, Invest-Gate reports.

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