Demand for Orascom Development Holding'S (ODH) El Gouna remained strong in Q2 2020, marking a 27.4% rise in total sold and reserved units versus the year-ago period, with total sales and presales hitting EGP 924.58 mn.
Saudi Egyptian Developers (SED) has announced that its flagship project in the western desert extension of Lake Dairout, called "Sawary New Alexandria," has raised EGP 2.6 bn in sales in H1 2020, surmounting the Coronavirus-induced slump.
Madinet Nasr Housing and Development (MNHD) has nodded a previously-signed 25-year agreement with Total Egypt to lease a 3,000-square-meter land in its New Cairo compound, Sarai, adding up to the latter’s 7,000-square-meter gas service station.
Amer Group has announced the appointment of Hassan Elaroussy as the CEO of its subsidiary Porto Club for Sports Investment, aiming to develop a sporting club in its Porto Said project on the Mediterranean Sea.
Egypt's Madinet Nasr Housing and Development (MNHD) has unveiled that its presales stood at EGP 3.77 bn in H1 2020, going up by 83% YoY from EGP 2.06 bn in the year-ago period.
Industrial Development Group (IDG) has announced the launch of Egypt’s first eco-sustainable park, called "e² Alamein," to be developed over 2.7 square kilometers in the North Coast's New Alamein.
Amr El Kady has stepped down as managing director and executive vice president of Talaat Moustafa Group (TMG) Holding, after less than five months in the position.
CEO of Minka Development Abdullah Salam said the company is on the verge to finalize its "latest and largest project" in east Cairo, attempting for launching within the next couple of months.
UK-based property advisor Savills has been appointed by one of Bahrain's leading shopping destinations, Enma Mall, as its exclusive property management and leasing services manager.
Egypt-based Hometown Developments said it will begin contract sales of its newest commercial development in the New Administrative Capital (NAC), named “LaFayette Mall," on July 2.
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