Hassan Group for Trade, Industry and Contracting, one of the companies of Adel Hassan's AMHT Group, launches its first project in Egypt, Viola, with expected sales of EGP 800 mn, Invest-Gate reports.
Beltone Leasing, a unit of Beltone Financial Holding, signed an EGP 500 mn sale-and-leaseback agreement with Hassan Allam Properties Group to finance assets for two subsidiaries, Invest-Gate reports.
Palm Hills Development achieves EGP 6.8 billion in new sales during the first quarter (Q1) of 2023, a 22% increase compared to EP 5.5 billion in the year-ago period, Invest-Gate reports.
Al-Borouj Misr Developments signs a contract for Savills Egypt to manage, operate and lease the Sixty Business Park and Sixty Business Corporation projects in the New Administrative Capital, Invest-Gate reports.
Egypt’s New Urban Communities Authority approved incentives for real estate investors, including increased land use in new cities, Invest-Gate reports.
Yassin Mansour, chairman of Palm Hills Development Co., says the company’s sales rose 22% in the first quarter, driven by a 54% increase in sales at the Badya development, Invest-Gate reports.
Redcon Properties, the newly established arm of Redcon Group, signs a Memorandum of Understanding (MoU) with Honeywell to incorporate smart sustainability solutions at Golden Gate, Invest-Gate reports.
Brouq Developments' successes in entering the Egyptian real estate market in 2020, partnering with NBS Developments, Invest-Gate reports.
Q Development, an Egyptian real estate developer, launches its first project in Egypt’s North Coast called Q North, Invest-Gate reports.
The Real Estate Development Chamber discusses various facilities with Prime Minister Mostafa Madbouly, including allowing foreigners to own an unlimited number of units, Invest-Gate reports.
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