News / Developers

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.

SODIC Redirects Marketing Resources Towards COVID-19 Awareness

Sixth of October Development & Investment Company (SODIC) announced its multi-tiered approach in a bid to combat the outbreak of coronavirus (COVID-19)

Dubai’s Emaar Sells 80% of Cooling Business

Dubai's Emaar Properties sold its 80% stake in its cooling business in the prime Dubai Downtown area to National Central Cooling Co. (Tabreed) for USD 675 mn

SODIC Launches 1st Virtual Sales Platform in Egypt

Sixth of October for Development and Investment Company (SODIC) has launched the first virtual sales platform in Egypt

SODIC Appoints Osama Saleh as Non-Executive Chairman

Sixth of October Development and Investment Company (SODIC) announced the appointment of the former investment minister Osama Saleh as a non-executive chairman effective April 1

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