News / Developers

Thomas Cook’s Bankruptcy Has Minimal Impact on Orascom

Orascom Development Egypt (ODE) said Thomas Cook's bankruptcy has an "immaterial" effect on the former company's operations, yet the short-term impact is "minimal."

City Edge Uncovers Apartments Complex in New Alamein

City Edge Developments (CED) announced the launch of New Alamein Downtown, a project owned by the New Urban Communities Authority (NUCA)

SODIC Eyes 10% Stake in Heliopolis Housing: CEO

Sixth of October Development and Investment Company (SODIC) eyes buying a 10% stake in state-run Heliopolis Company for Housing and Development (HHD), coming after the government had nodded passing the latter's management to a strategic property investor.

DAMAC Named ‘Property Developer of the Year’

Dubai-based DAMAC Properties has been named the "Property Developer of the Year UAE 2019" at the International Business Magazine Awards, on the back of over AED 480 mn worth of contracts awarded, among other merits.

Marakez to Uncover AEON Towers’ Final Phase in October

Marakez for Real Estate Investment, a subsidiary of Saudi Arabia’s Fawaz Alhokair Group, will launch the last phase of west Cairo's AEON Towers next month, while AEON Courtyards’ first phase is set to be delivered in December, ahead of schedule

El Gouna’s Hotels Fully Occupied During GFF

Orascom Development Holding (ODH) has announced that occupancy rates of El Gouna’s hotels and residential units hit 100% during the period of El Gouna Film Festival (GFF), to be held from September 19 to 27.

The Lounge, Burj Khalifa Sets New Guinness World Record

The Lounge, Burj Khalifa has officially been verified by Guinness World Records (GWR) as the world's "Highest Lounge in a Building."

Eagle Hills Diyar Finalizes Vida Superstructure Works

Bahrain-based developer Eagle Hills Diyar recently celebrated a significant milestone, with the completion of the superstructure works for Vida Marassi Al Bahrain two months ahead of schedule.

SODIC Launches ‘The Estates’ in New Zayed

Sixth of October Development and Investment Company (SODIC) has launched its newest signature project in New Zayed, or “The Estates," debuting a series of new projects to be developed in the newly-introduced area in west Cairo.

World’s 1st Serviced Long-Stay Property to Open in Riyadh

Fairmont Hotels and Resorts, an affiliate to Accor Hotel's chain, has teamed up with Saudi Arabian conglomerate Naif Alrajhi Investment Company to launch the world's first standalone luxury long-stay property at Fairmont Ramla Serviced Residences, Riyadh

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