Talaat Moustafa Group (TMG) Holding's unit the Arab Company for Projects and Urban Development has partnered with the National Bank of Egypt (NBE) and Banque Misr to develop projects in east Cairo's Rehab and Madinaty cities, at a total cost of EGP 4 bn.
Egyptian property developer Mabany Edris has generated a whopping sales volume from its first flagship project in Upper Egypt's New Assuit, despite being rolled out in parallel with the emergence of the novel Coronavirus pandemic.
Egypt's real estate developer Master Group has announced plans to implement new projects in the New Administrative Capital (NAC), North Coast, Upper Egypt, and South Sinai by 2021.
Egypt-based Amer Group is still in the preliminary phase of conducting financial studies and due diligence on the feasibility of land purchase in New Sohag.
Egypt's Madinet Nasr for Housing and Development (MNHD) has agreed on an EGP 1.1 bn syndicated loan, aiming to proceed with plans to pump EGP 12 bn over the next three years into east Cairo's Sarai and Taj City projects.
Al Ahly Sabbour Development has signed a Memorandum of Understanding (MoU) for a new hypermarket branch of Spinneys Egypt in "The City of Odyssia," the developer's flagship project in east Cairo's Mostakbal City.
State-run Madinet Nasr for Housing and Development (MNHD) has approved an EGP 30 mn offer to sell its 98.4%-owned subsidiary, called Nasr Utilities and Installations (NUI), to an unnamed strategic investor.
Misr Italia Properties (MIP) Managing Director and CEO Mohamed Khaled El Assal has uncovered plans to deliver phase I of Kai Sokhna in the upcoming November, which is being developed with combined investments of EGP 2.4 bn on the Red Sea coast.
Minka Development has launched an integrated urban development in east Cairo, called “Kinda,” with planned investments of EGP 5 bn, attempting for completion in 2025.
Tatweer Misr recorded EGP 2 bn worth of sales in H1 2020 - equivalent to 75% of the developer's target sales for the period, making way for similar gains in the months ahead to log contractual deals of EGP 6 bn by year-end.
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