News / Developers

Oriental Weavers to Deliver OIC Phase I Before Year-End

Oriental Weavers Group unveild its 10.5 mn square meter Orientals Industrial City (OIC), with investments worth EGP 13 bn, in Ain Sokhna

CGP, Emarat Misr Partner to Set up Multi-Service Station at Alburouj 

Egypt’s community developer Capital Group Properties (CGP), a subsidiary of Abu Dhabi Capital Group and Al Ain Properties, is partnering up with Emarat Misr to establish an a multi-service station at its Alburouj development in east Cairo, near Shorouk City

Misr Italia Properties Begins Construction of VINCI

Misr Italia Properties has commenced the construction of VINCI boutique residential project in the New Administrative Capital (NAC), with investments worth EGP 500 mn.

Majid Al Futtaim to Launch 1st Shopping Center in Abu Dhabi

Majid Al Futtaim has announced plans to open its My City Centre Masdar shopping mall in Abu Dhabi on April 24, Trade Arabia reports.

Rixos Hotels Sets Foot Into Hurghada with 3 New Resorts

Rixos Hotels has uncovered plans to diversify its portfolio in Egypt and expand into Hurghada's Makadi Bay, Magawish, and Sahl Hasheesh, with three new properties slated to open its doors toward the year-end

Deutsche Hospitality Plans to Open 2 Hotels in Egypt This Year

Deutsche Hospitality has revealed plans to open two hotels in Egypt in 2019, bringing the total of its hotel openings in Egypt this year to three properties.

Sabbour Consulting to Supervise Hometown’s ZAHA Park

Sabbour Consulting and Hometown Real Estate Development have signed a consulting services agreement to provide general consultancy and supervise the implementation of the latter company’s commercial and administrative complex in the New Administrative Capital (NAC), ZAHA Park.

Nshama to Deliver 5,000 Units in Town Square Dubai This Year

UAE-based real estate developer Nashma has announced plans to hand over 5,000 additional residential units in Town Square Dubai by the end of 2019, raising the total number of delivered units to over 6,600.

El Attal to Finish Selling Park Lane’s 2nd Phase Soon

El Attal Holding announced plans to shortly complete selling the second phase of its Park Lane Compoundhood in the New Administrative Capital (NAC)

TMG to Set Up Mortgage Finance JV With GB Capital, EFG Hermes

Talaat Moustafa Group (TMG) Holding has agreed to establish a mortgage finance joint venture (JV) with GB Capital, financing subsidiary of GB Auto, and EFG Hermes, in a bid to serve Egypt’s growing population of homebuyers.

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