News / Developers

SODIC Posts 18% Fall in 9M Profits

Six of October Development and Investment (SODIC) reported an 18% decline in its profits to reach EGP 504 mn in the first nine months of 2019, compared to EGP 612.9 mn in the prior-year period

Inertia Hosts Egyptian Museum’s 117th Anniversary

Egypt's real estate developer Inertia hosted on November 15 the celebration of the Egyptian Museum’s 117th anniversary, in collaboration with the Ministry of Antiquities.

Prime Group Launches 1st Int’l Outlet Mall in Egypt

Egypt's Prime Group has announced signing a contract with London-based Freeport Retail to develop the country's first-ever outlet mall for brands in Cairo, during its participation at France's MAPIC exhibition in Cannes.

Marakez Wins Gold Award for Mall of Arabia

Marakez for Real Estate Investment has won the gold award for Mall of Arabia’s phase II, or "The Expansion," during the Middle East Council of Shopping Centers and Retail (MECS+R) 2019 Awards ceremony, in recognition of its design and development

Orouba Misr Kicks Off Orouba Skyline Phase II

Egypt's real estate developer Orouba Misr Development celebrated the launch of the second phase of Orouba Skyline in Smouha, Alexandria

MNHD Launches New Phases of Taj City, Sarai

Managing Director and CEO of Madinet Nasr Housing and Development (MNHD) Ahmed Al Hitamy has uncovered the launch of three new phases of New Cairo's Taj City and Sarai.

Azizi Developments Launches Mirage in Dubai Studio City

UAE's private developer Azizi Developments announced on November 11 the launch of Mirage in the upcoming Dubai Studio City.

Orascom Development Profits Jump 83% in 9 M

Orascom Development Egypt (ODE) posted an 82.9% hike in net profit, up to EGP 501.2 mn in the first nine months of 2019 versus EGP 274.1 mn in the prior-year period

Mabany Edris Targets EGP 1.25 bn Investments in New Assiut

Egypt's property developer Mabany Edris plans to pump investments worth EGP 1.25 bn in its first-ever integrated compound in New Assiut, aiming to deliver phase I of the project within two years

Misr Italia Properties Invests EGP 3.4 bn in 2019: CEO

CEO of Misr Italia Properties Mohamed Hany El Assal has revealed that his company has invested around EGP 3.4 bn across a number of projects throughout this year.

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