News / Developers

SODIC Establishes New Sporting Club in West Cairo

Sixth of October for Development and Investment (SODIC) celebrated the soft opening of a new upscale sports facility, named "Club S,” aiming to meet the needs of the 15,000 current residents of its flagship projects in Sheikh Zayed, Allegria and SODIC West.

CCR Uncovers Frontgate Mall in NAC

Egypt-based Capital Construction and Real Estate (CCR) has announced the launch of Frontgate Mall in the New Administrative Capital's (NAC) MU23 District.

SODIC, NUCA Agree to Change Land Use of Al Yosr’s Plot

Sixth of October for Development and Investment (SODIC) and the New Urban Communities Authority (NUCA) have agreed on changing the land use of an agricultural plot, located in Sheikh Zayed and owned by the former's subsidiary, Al Yosr for Projects and Agricultural Development, to residential.

ARDIC Uncovers New Phase at Zizinia El Mostakbal

ARDIC for Real Estate Development and Investments launched on July 10 a new phase in Zizinia El Mostakbal in Mostakbal City, east Cairo, totaling nearly EGP 1 bn, in a ceremony held in the presence of a number of real estate marketing firms.

Majid Al Futtaim to Open New Retail Project in Dubai By Year-End

Dubai-based Majid Al Futtaim has announced plans to launch its latest retail project in UAE next December, named "Festival Plaza" and situated at the heart of Dubai's mixed-use development, Wasl Gate.

Pyramids Developments Begins Constructing 4th Mall in NAC

Egypt-based Pyramids Developments began on July 10 construction works at its fourth commercial project in the New Administrative Capital (NAC), dubbed "Paris Mall," at an investment value of EGP 2 bn.

Amer Group Appoints Ex-Transport Minister as New CEO

Amer Group Holding's board of directors approved on July 9 the appointment of Former Transport Minister Hisham Arafat as the company's new chairman and board member, succeeding Mansour Amer, its founder, after he stepped down on that day.

ODE Sells 51% Stake in Oberoi Zahra

Orascom Development Egypt (ODE), the largest subsidiary of Orascom Development Holding in Egypt, has sold its 51% equity stake in Oberoi Zahra, a luxury Nile cruise, to a private Egyptian investor for USD 4 mn.

Marakez Uncovers 2nd Mall in Delta Region

Marakez for Real Estate Investment, a subsidiary of Saudi Arabia’s Fawaz Alhokair Group, has officially acquired a plot from the Internal Trade Development Authority (ITDA) to build Mansoura's first regional internationally-modeled shopping complex, Mall of Mansoura.

Reservation Starts at SECON’s Bleu Vert in NAC

The Saudi Egyptian Construction Company (SECON), an equally owned company by both Saudi and Egyptian governments, said clients can start reserving units at its new project in the New Administrative Capital (NAC), Bleu Vert, as of July 10.

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