News / Developers

Just Development To launch Legacy Business Complex in NAC

Just Development will launch Legacy Business Complex at the New Administrative Capital (NAC), with an investment cost of  EGP 500mn

Makadi Heights Sales Skyrocket in H1 2021

Makadi Heights, by Orascom Development Egypt, announces its success in achieving the highest operational results ever during H1 2021, Invest-Gate reports.

Al Ahly Sabbour Now Provides Mortgage Finance Via CIB

Al Ahly Sabbour, a leading developer in Egypt’s real estate market, reveals signing a tie-up with CIB to provide mortgage finance services of up to 20 years for its Green Square project in New Cairo, Invest-Gate reports.

Nakheel Developments To Further Expand in NAC

Nakheel Developments is to launch its second commercial project at the New Administrative Capital (NAC), which will be a multi-activity project located in the Central Business District (CBD)

Cairo Capital Sells 80% of Lake West in Sheikh Zayed

Cairo Capital Developments sells out 80% of the Lake West project in Sheikh Zayed City, west Cairo; moreover, it plans to complete marketing the entire project in 2022, with an investment of EGP 1.5bn.

IC Group Partners With Regus in “The Office” Project

IC Group signs a franchise agreement with Regus under the "The Office" project to provide flexible workspace at the NAC as demand will be high.

PM and Consultancy Office ECB Classified As House of Expertise

PM and Consultancy office ECB is classified as House of Expertise. Additionally it targets to increase its end year projects value to ُEGP 250 bn locally, and USD1.5 bn.

Tamayoz Developments Completely Sells Phase I of “5 Business Hub” in NAC

Tamayoz Developments completes selling the first phase of its “5 BUSINESS HUB” project, in New Administrative Capital (NAC), for around EGP 150 mn in 45 days.

Mountain View Targets EGP 12 bn in Sales in 2021

Mountain View is targeting an EGP 12 billion in sales during 2021, Invest-Gate reports.

ODE Releases its Financial Statement for H1 2021

Orascom Development Egypt (ODE) reveals achieving good results in H1 2021 supported by a solid performance of the real estate segment and efficient cost management. The consolidated financial statement of ODE discloses that the net profit has surged by 342.2% YoY hitting EGP 744.6 mn in H1 2021, despite the pandemic's ongoing headwinds affecting the hospitality business.

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