News / Developers

Master Group to Further Expand Into NAC, Upper Egypt

Master Group Vice-Chairman Mohamed Mounir has unveiled the addition of the company's third real estate development in the New Administrative Capital (NAC) to its project portfolio in Q1 2021, while also affirming expansion into Upper Egypt.

Ajna’s Carnelia Secures Major Profits in Ain Sokhna Area

Chief Executive of the Commercial Sector at Ajna Urban Development Company Sherif Saleh has confirmed Carnelia Sokhna sales have reached EGP 1 bn, Invest-Gate reports.

MARAKEZ Latest Development ‘Town Center’ Now Open

MARAKEZ for Real Estate Investment, one of the largest malls and commercial developers and operators in Egypt, announced the official opening of Town Center on December 1.

SODIC Opens Tawasol’s New Community School at Istabl Antar

SODIC celebrates the official opening of Tawasol’s new community school in Istabl Antar, Invest-Gate reports.

LMD to Bring Africa’s 1st W Branded Residences to Egypt

Egypt-based real estate developer LMD has signed an agreement with Marriott International to bring Africa's first "W" branded residences to its flagship mixed-use project in New Cairo, or "One-Ninety."

ODE’s Makadi Heights to Soon See Integrated Telecom Services

Orascom Development Egypt's (ODE) flagship project on the Red Sea coast of Hurghada, Makadi Heights, will soon see integrated telecommunication services, under the signing of a cooperation agreement with Telecom Egypt - WE.

PHD Closes its Largest Securitization Transaction

Palm Hills Developments (PHD) has announced closing its fifth and largest securitization bond, in a transaction backed by a receivables portfolio of EGP 1.5 bn, and handled by the Arab African International Bank (AIIB) and CI Capital Investment Banking (CIIB).

Lafarge Egypt Launches 50 Medical Convoys in 2020

Lafarge Egypt, a member of LafargeHolcim Group, has joined forces with the Egyptian Council of Pro-Peace Physicians (ECOPP), to launch 50 medical convoys across four governorates throughout 2020, as part of its corporate social responsibility (CSR).

Roshn Awards USD 427 mn Contracts for Riyadh Community

Saudi Arabia's national developer Roshn has awarded contracts worth SAR 1.6 bn (USD 427 mn) for its flagship residential project, "Riyadh Community," as work commences on-site for off-plan homes to be ready for sale in H1 2021.

Beta Egypt Lists 100 West Cairo Units Under CBE Initiative

Beta Egypt for Urban Development and Banque Misr have partnered to provide mortgage services for the Egypt-based developer's various gated communities in west Cairo's October Gardens, thereby listing 100 residential units under the Central Bank of Egypt (CBE) real estate financing initiative.

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