News / Developers

Amer Group’s Unit Gets Approval to Crop New Minya Land Area

Amer Group's subsidiary Amer for Tourism Development has obtained approval from the New Minya City Authority to scale down the land area allocated for an integrated urban project in the new city.

Emaar Misr, Elsewedy to Build TKH Universities in West Cairo

Emaar Misr and Elsewedy Education have agreed to build a 50-acre campus to host The Knowledge Hub Universities (TKH) in the former developer's New Zayed project, bringing UK-based Coventry University and branches of other prestigious foreign colleges to Egypt.

MNHD Approves Odin’s Due Diligence on El Nasr Civil Works

Madinet Nasr for Housing and Development's (MNHD) board of directors has given Odin Investments approval to commence due diligence on El Nasr Civil Works.

Amer Group Net Profit Rises 8.6% in H1 2020

Egypt-based Amer Group reported an 8.6% hike in net profits in H1 2020, logging EGP 27.6 mn versus EGP 25.4 mn in the corresponding period last year.

ODE, Mangroovy for Hotels Ink EGP 105 mn El Gouna Land Sale Deal

Mangroovy for Hotels and Orascom Development Egypt (ODE) have signed a land sale contract worth EGP 104.8 mn for merely 40,654.5 square meters of land area in its Red Sea resort town of El Gouna.

HHD Extends Deadline to Co-Develop New Heliopolis Land

Heliopolis Company for Housing and Development (HHD) has granted an 11-month extension to the deadline for developing a 655-acre plot in east Cairo's New Heliopolis, under a 2016 contract with Egypt's Sixth of October for Development and Investment Company (SODIC).

Cabinet Ratifies Building Investment Zone in Uptown Cairo

The Egyptian Cabinet has approved Emaar Misr's request to implement a 64-acre investment zone in its flagship project on east Cairo's Mokattam Hills, or "Uptown Cairo."

Misr Italia to Set Up Ain Sokhna’s 1st Kitesurf Center

Misr Italia Properties (MIP) has signed off on setting up the very first kitesurfing center in Ain Sokhna at its flagship project Kai Sokhna, which is slated for opening in the final quarter of 2020.

SODIC Uncovers Pre-Launch of Solar-Powered Phase II in VYE

Sixth of October for Development and Investment Company (SODIC) has unveiled the pre-launch of phase II of its latest New Zayed project, or "VYE," introducing a limited range of solar-powered homes.

NBE, IGI Agree on EGP 600 mn Facility for West Cairo’s Ashgar City

Egypt-based developer IGI Real Estate has agreed on a loan facility from the National Bank of Egypt (NBE) to finance the construction of its flagship project in 6th of October City, named "Ashgar City," with the first tranche valued at EGP 600 mn.

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