News / Developers

City Edge Secures EGP 20 bn Revenues in 20 M

CEO of City Edge Developments (CED) Amr El Kady has revealed that his company's revenues touched EGP 20 bn over the course of 20 months

Accor to Manage Sharm El Sheikh’s Naama Bay Promenade Resort

French hotel giant Accor inked on November 3 a renovation and management deal for Naama Bay Promenade Resort in Sharm El Sheikh, agreeing to re-brand the beachside project as Pullman Hotels and Resorts by January 2021.

Cleopatra Hospital to Form New Management Arm

Egypt-based Cleopatra Hospital Group's (CHG) Board of Directors (BoD) ratified on October 22 the establishment of a new joint-stock company to manage and operate its hospitals nationwide, at a total market cap of EGP 30 mn.

Kuwait to Brace Region’s 1st Hybrid Mall

Kuwait-based Tamdeen Pearl, a subsidiary of Tamdeen Group, has launched "Al Khiran Hybrid Outlet Mall," marking the first-of-its-kind in the region and coming in response to shoppers’ demand for an all-inclusive experience.

Prestige Constructions Wins Tender for Dubai’s Azizi Victoria

UAE-based Azizi Developments awarded on October 22 a construction tender of eight residential buildings in its mixed-use project in Dubai’s Mohammed Bin Rashid (MBR) City, dubbed "Azizi Victoria," to India's contractor Prestige Constructions"

SODIC East Sees 1st Release of Apartment Buildings

Egypt-based Sixth of October Development and Investment Company (SODIC) has released the first phase of apartment buildings in its newest mixed-use development in east Cairo, or "SODIC East"

Beta Egypt to Invest EGP 400 mn in Mostakbal City

Egypt-based Beta Egypt for Urban Development plans to pump up to EGP 400 mn into its flagship project, Beta Greens New Cairo, located in Mostakbal City, until late 2020

Al Ghurair Properties Offers Villas for Rent in Dubai

UAE-based Al Ghurair Properties, the real estate development arm of Al Ghurair Investments, has uncovered its newest collection of four-bedroom villas for lease within its Dubai-based flagship development, "Al Barsha 1."

Works at Amer Group’s Porto Heliopolis Paused

Amer Group has confirmed that works at its latest project in east Cairo, Porto Heliopolis, owned by its subsidiary Delmar for Touristic Development, have been temporarily suspended by the competent authorities.

Orouba Misr Uncovers Orouba Mall in Damanhour

Orouba Misr Development unveiled on October 17 that construction works at "Orouba Mall" in Damanhour have commenced on-site, with investments worth EGP 5 bn.

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