News / Developers

City Edge Inks MoUs for Facility, Lease Services in New Alamein

Egypt-based City Edge Developments (CED) has inked three memorandums of understanding (MoUs) with four foreign companies to provide facility management and lease administration services for multiple projects in New Alamein

Arkan’s Expansion Works to Conclude in Q1 2020: Savills

UK-based property advisor Savills Egypt has revealed that expansion works are underway at west Cairo's Arkan, bringing the mixed-use project's built-up area to 260,000 square meters by Q1 2020.

Heliopolis Housing Approves Selling Over 35 Acres to Zahraa Maadi

Heliopolis Company for Housing and Development (HHD) has ratified the selling of 144,816.29 square meters in New Heliopolis, east Cairo, to Zahraa Maadi Investment and Development.

PHD Closes EGP 1.1 bn Loan Facility to Settle Debt

Egypt's property developer Palm Hills Developments (PHD) signed on December 18 a deal with the Commercial International Bank Egypt (CIB) to secure EGP 1.1 bn medium-term loan facility.

«مصر الجديدة للإسكان» توافق على طلب «زهراء المعادي» لشراء قطعة أرض في هليوبوليس الجديدة

صدقت شركة "مصر الجديدة للإسكان والتعمير" على بيع 144,816.29 متر مربع في هليوبوليس الجديدة بشرق القاهرة إلى "زهراء المعادي" للاستثمار والتعمير

Al-Futtaim Breaks Ground on EGP 2 bn Festival Avenue

Al-Futtaim Group has launched the new expansion of Cairo Festival City (CFC) Mall, called "Festival Avenue," in the heart of New Cairo

Sabbour, Marriott Partner to Open W Hotel in New Cairo

Cairo-based real estate developer Landmark Sabbour has signed an agreement with Marriott International to bring the W Brand to east Cairo

Mandarin Oriental to Manage Abu Dhabi’s Emirates Palace

UAE’s Emirates Palace Company (EPCO) has announced that Mandarin Oriental Hotel Group will be responsible for the management of Emirates Palace in Abu Dhabi as of January 1, 2020

Maged Salah Al Din Appointed as ARDIC CEO

ARDIC for Real Estate Development and Investments has appointed Maged Salah Al Din as the new CEO to succeed Ashraf Dowidar

EMPC to Take Over NBE Stake in Arabian Hotel

The Egyptian Media Production City’s (EMPC) board has ratified the acquisition of the National Bank of Egypt's (NBE) stake in Arabian Hotel Media Production City Co. at EGP 115 per share

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