News / Developers

Marakez Gets EGP 1.5 bn Facility for Mall of Katameya

Marakez for Real Estate Investment, a subsidiary of Saudi Arabia's Fawaz Alhokair Group, has obtained an EGP 1.5 bn loan facility from five banks to develop phase I of its latest commercial project in east Cairo, Mall of Katameya.

MNHD Secures EGP 300 mn Loan for Sarai

Madinet Nasr Housing and Development (MNHD) concluded on August 28 a contract with the Arab African International Bank (AAIB) to obtain an EGP 300 mn short-term loan

Unveiling of Al Yosr Land Plan by SODIC Approved

Sixth of October Development and Investment Company (SODIC) announced on August 28 that its fully-owned subsidiary, Al Yosr for Projects and Agricultural Development, has received approval for the masterplan of its latest project in New Zayed, west Cairo.

Emaar Misr Awards Arabtec 2 Projects in Uptown Cairo

Emaar Misr, Cairo-based unit of UAE's Emaar Properties, signed an EGP 1.845 bn contract with Dubai-based Arabtec Construction, a subsidiary of Arabtec Holding, to establish two urban projects in Uptown Cairo, an integrated gated compound perched atop Mokattam Hills.

Azizi Developments Launches New Residential Project in Al Furjan

UAE-based real estate developer Azizi Developments has launched its new residential community,"Berton," in Al Furjan, Dubai, bringing out an "exceptionally well-thought-out master-planned community"

Hassan Allam Properties Sells Out Premier Phase of The Giselle in Less Than 24 Hrs

Hassan Allam Properties (HAP) launched on August 27 the premier phase of The Giselle, the newest exclusively gated neighborhood within its mixed-use development SwanLake Residences New Cairo, selling out all units in less than 24 hours.

ZED May See EGP 5 bn Investments in 2019/20: Ora Developers CEO

CEO of Ora Developers Haitham Mohamed has uncovered that the company intends to pump between EGP 4-5 bn into its first mixed-use development in west Cairo, ZED, throughout 2019 and 2020.

Six Flags Qiddiya Promises Tallest-Ever Roller Coaster, Drop Tower

Designs for Saudi Arabia’s mega US-operated amusement park, dubbed "Six Flags Qiddiya" and located in Riyadh, has been unveiled and is poised to be “the most unique Six Flags theme park ever built," boasting the world’s longest, tallest, and fastest roller coaster and tallest-ever drop-tower ride.

City Line Completely Constructs Blue Valley Phase I

Egypt-based City Line Developments has finalized construction works on phase I of Blue Valley resort, located in New Alamein, North Coast, which was carried out within record time in less than two years.

Cleopatra Hospital Forms JV to Revamp Beni Suef’s Nahda Hospital

Egypt-based Cleopatra Hospital Group (CHG) has inked a joint venture (JV) agreement with Nahda University for Education and Management and Taaleem Management Services to renovate and operate Nahda Hospital in Beni Suef, with investments up to EGP 360 mn.

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