News / Developers

Tatweer Misr Delivers 169 Units in Fouka Bay’s Phase I

Egypt's real estate developer Tatweer Misr is fully handing over this summer phase I of Fouka Bay, its mixed-use project on the North Coast, delivering a total of 169 luxury-finished residential units.

The Address Developments to Build EGP 2 bn Project in New Cairo

The Address Developments, an affiliate to The Address Investments Real Estate Consultancy, has acquired a 25-acre plot in Fifth Settlement, New Cairo, at an investment value of EGP 2 bn.

Emaar Misr Posts Lower Profits in H1

Emaar Misr, a wholly-owned subsidiary of UAE-based Emaar Properties, reported a 91% drop year-on-year (YoY) in its profits during the first half of 2019

EMPC Extends Al Hokair’s Rights to Magic Land Overhaul

Egyptian Media Production City’s (EMPC) board has approved extending its agreement with KSA-based Al Hokair Group to redevelop and manage Magic Land, the former's amusement park in west Cairo, under a build-operate-transfer framework

Hilton, Alshaya Group Partner for 70 Hampton by Hilton Hotels

Hilton and Alshaya Group announced on July 31 the exclusive signing of a master development agreement to launch and develop 70 Hampton by Hilton hotels in nine countries, most of which will be in the Middle East, North Africa, Turkey, and Russia.

New Steigenberger Hotel Opens in North Egypt

Steigenberger Hotels and Resorts, Deutsche Hospitality’s luxury brand, continues to expand its portfolio with the opening of a new lavish hotel in Ras El Bar, North Egypt, offering “a truly stunning setting right at the point where the Nile Delta flows into the Mediterranean."

Castle Development Launches Springfield in NAC

Egypt's real estate developer Castle Development has launched the third phase of Castle Landmark, named "Springfield," in the New Administrative Capital (NAC), with investments valued at EGP 450 mn.

GV Developments Debuts with EGP 9 bn North Coast Project

Egypt-based GV Developments made a debut on July 28 with its EGP 9 bn mixed-use project on the North Coast, called "White Sand," representing a quantum leap in modern tourism industries.

Pyramids’ Paris Mall Logs EGP 800 mn Sales in 15 Days

Chairman of Pyramids Developments Hesham Elkhouly said the company has managed to log EGP 800 mn in sales of its fourth commercial project in the New Administrative Capital (NAC), Paris Mall, just after 15 days of its launch.

Alila Salalah to Launch New Coastal Resort in Oman Next Year

Oman Investment Fund's Alila Salalah Company is set to develop a new luxury beachfront resort, dubbed "Alila Hinu Bay," in Dhofar Governorate, Oman, by the first quarter of 2020.

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