Orascom Development Egypt (ODE) posted an 82.9% hike in net profit, up to EGP 501.2 mn in the first nine months of 2019 versus EGP 274.1 mn in the prior-year period
Egypt's property developer Mabany Edris plans to pump investments worth EGP 1.25 bn in its first-ever integrated compound in New Assiut, aiming to deliver phase I of the project within two years
CEO of Misr Italia Properties Mohamed Hany El Assal has revealed that his company has invested around EGP 3.4 bn across a number of projects throughout this year.
Marakez for Real Estate Investment, a subsidiary of Saudi Arabia's Fawaz Alhokair Group, has signed a long-term loan agreement with Emirates NBD Egypt to provide EGP 395 mn worth of funds for Mall of Arabia's new expansion plans.
Orientals for Urban Development (OUD) has launched phase II of its New Cairo flagship project Azadir, which will comprise units with areas ranging from 55 to 130 square meters, offering competitive pricing.
Orascom Development Holding (ODH) started the development of its first project, the West Carclaze Garden Village (WCGV), in Eco-Bos Developments Limited in Cornwall, UK
Orascom Investment Holding (OIH) Executive Chairman Naguib Sawiris will succeed Tamer El Mahdi as the company's new CEO, after the latter submitted his resignation, effective December 31, while also maintaining his current position.
Madinet Nasr for Housing and Development’s (MNHD) board has given the go-ahead to lease a 3,000-square-meter plot in its New Cairo compound, Sarai, to Total Egypt for 25 years, adding up to the latter’s 7,000-square-meter gas service station.
The Red Sea Development Company (TRSDC) has awarded UK-based architectural firm Fosters + Partners the design contract for a new international airport at The Red Sea project, the former developer's anticipated tourism destination in KSA.
Egypt's property developer Madinet Nasr Housing and Development (MNHD) reported a consolidated net profit of EGP 631 mn during the first nine months of 2019, a decline from EGP 869.1 mn during the same period last year.
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