News / Developers

ACUD, Orange Egypt to Build Africa’s Largest Data Center in NAC

State-run Administrative Capital of Urban Development (ACUD) and Egypt's mobile network operator Orange Egypt have teamed up to set up Africa's largest data center for cloud services in the New Administrative Capital (NAC).

Dubai’s Azizi Riviera Gets AED 88 mn Interior Design Boost

UAE-based Azizi Developments has announced an investment of AED 88 mn to upgrade interiors of homes being built at its flagship Dubai project, called "Azizi Riviera."

TMG Holding Maintains Stable Financial Results in 2019

Talaat Moustafa Group (TMG) Holding maintained a stable pace of development last year, with real estate transactions dipping by 4% only to hit almost EGP 20.4 bn versus sales in 2018.

VOW Developments Unveils EGP 1.1 bn Administrative Complex

VOW Developments has made its debut in the Egyptian real estate market with a new ​​6,600-square-meter administrative complex in the New Administrative Capital (NAC), pumping investments worth EGP 1.1 bn.

Reportage Properties Releases 463 Homes in Abu Dhabi’s Masdar City

Abu Dhabi's Reportage Properties has released its newest residential project in Masdar City, UAE, with prices starting at AED 500,000, bidding to deliver 463 luxury homes by Q2 2022.

Dolmen Developments Intends to Invest Over EGP 1 bn in NAC

Dolmen Developments intends to step into the Egyptian property sector with the execution of three administrative and commercial projects in the New Administrative Capital (NAC), aiming to invest more than EGP 1 bn.

Misr Italia Rewards Clients with ‘Loyalty Program’

Misr Italia Properties (MIP) has launched new e-services through the latest "Loyalty Program," kicking off in collaboration with Egypt’s digital payments company Fawry.

NHPS Nods EGP 605 mn Offer to Sell Le Méridien Heliopolis

The National Company for Housing for Professional Syndicates (NHPS) has approved on December 26 an offer submitted by IMEX International to the National Bank of Egypt (NBE) to purchase Le Méridien Heliopolis.

SODIC, CIB Ink EGP 1 bn Facility to Finance EDNC

Egypt’s Sixth of October for Development and Investment Company (SODIC) has announced that its wholly-owned subsidiary, SOREAL, signed a medium-term facility worth EGP 1 bn with Commercial International Bank (CIB) to partially finance a non-residential project in East Cairo

InterContinental Eyes Tunisia Debut, Expansion in Egypt

InterContinental Hotels Group (IHG), one of the world's leading hotel companies, is planning to further expand its presence in Egypt and set foot into Tunisia as tourism in both North African countries recovers.

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