News / Developers

Misr Italia Properties Sends ‘Message of Hope’ to Everyone

Misr Italia Properties (MIP) has sent a “Message of Hope" to everyone amid the coronavirus pandemic crisis, Invest-Gate reports.

CED Awards EGP 138 mn Contract to Construct Etapa Phase II

Egypt's national developer City Edge Developments (CED) has awarded an EGP 138 mn contract to Gama Construction for carrying out construction works of phase II of Sheikh Zayed's Etapa.

First Group to Launch New Project in May

Real Estate Developer “First Group” launches its newest development projects in Sheikh Zayed City, by the end of May 2020, Invest-Gate reports.

Misr Italia Holding Announces Board Restructure

Misr Italia Holding appointed Ahmed Saad El-Deen Abou Hendya as its new non-executive chairman in addition to Mohamed Hany El Assal and Mohamed Khaled El Assal as managing directors and board members, Invest-Gate reports

CED, Tazkarti Sign Protocol for Entertainment Services in New Alamein

City Edge Developments has signed a protocol with Egyptians for Marketing Services “Tazkarti”, one of the subsidiaries of United Media Services company, for the aim of beaches development and management, managing entertainment facilities and all smart services in New Alamein, Invest-Gate reports.

Porto Group’s Profits Fall 12% in 2019

 Porto Group reported a 12.4% year-on-year decline in its consolidated profits to EGP 116.9 mn for 2019, Invest-Gate reports.

Saudi Malls Exempt Tenants From Rental Payments Amid COVID-19

Saudi Arabia has seen at least four shopping malls granting a rent reprieve to retailers and other tenants due to coronavirus, Zawya reports.

Housing Minister Follows up on Mountain View’s Projects

Minister of Housing, Utilities and Urban Communities Assem El Gazzar met with officials from Mountain View Real Estate and Urban Development Company, to follow-up on the precautionary measures the company took to protect workers on work sites from the coronavirus (COVID-19), Invest-Gate reports.

Arabtec Wins AED 210 mn Construction Deal in Abu Dhabi

UAE's Arabtec Holding said its wholly-owned subsidiary Target Engineering has been awarded two key contracts valued at AED 210 mn in UAE

ODE Releases its Consolidated Financial Results for FY 2019

Orascom Development Egypt (ODE) closed 2019 on a solid operational and financial stance, achieving FY 2019's targets, and recording EGP 6.9 bn of net real estate sales, the highest value in ODE’s history, Invest-Gate reports.

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