News / Developers

Orascom Construction’s Adjusted Net Income Rise 208.5% in Q3 2018

Egypt-based Orascom Construction maintained its positive position in the third quarter of 2018, posting a 208.5% surge in its adjusted net income of USD 69.1 mn versus USD 22.4 mn in the year-ago period, excluding one-off US legal provision

Pyramids Developments to Invest EGP 1.5 bn in La Capitale Project

Pyramids Developments has so far pumped investments worth EGP 450 mn in La Capitale project in the New Administrative Capital (NAC) and targets raising this figure to record EGP 1 bn in the coming two years.

UAE’s Azizi Aliyah Residences in Final Construction Phase

UAE-based Azizi Developments, a subsidiary of Azizi Group, has announced that construction at its forthcoming AED 470 mn project in Dubai Healthcare City, Azizi Aliyah Residences, is almost done with concluding the mobilization and structure phases

UAE’s Rotana Sets Foot in Zambia With Five-Star Hotel Agreement

Abu Dhabi's hotel group Rotana has unveiled plans to bolster its Africa portfolio with the signing of a new agreement with Grandview Hotels and Resorts for the management of a five-star hotel in the Republic of Zambia

Misr Italia Properties Targets EGP 4.5 bn Sales in 2019: Co-CEO

Misr Italia Properties announced it targets achieving EGP 4.5 bn of sales in 2019, compared to EGP 3.5 bn sales achieved during the period from January to September 2018

Misr Italia Properties Unveils Details on 2nd Project in New Capital

Egypt’s real estate developer Misr Italia Properties has held a roundtable in the presence of its officials to reveal all details related to its second premium residential compound in the New Administrative Capital, Vinci, in the diplomatic district of the new capital's first phase, following the "massive success" of its first project in the new smart city - IL BOSCO

Emaar Properties Posts 30% Growth in Revenues in 9M

Dubai-based Emaar Properties posted revenues of AED 17.4 bn in the first nine months of 2018, which is 30% higher than the revenue of AED 13.4 bn logged in the year-ago period

MG Developments Launches its 1st Commercial Project in New Cairo

Egypt's property developer MG Developments has announced launching the first phase of its first administrative and commercial project "Headquarter Business" in New Cairo, on 90th Street, with investments worth up to EGP 1 bn

Palm Hills’ Profits Rise 37% to EGP 640.2 mn in 9M

Egypt's property developer Palm Hills Developments has posted a 37% hike in net profits, which reached EGP 640.2 mn in the first nine months of 2018 versus net profits of EGP 466.6 mn during the corresponding period last year, taking into account minority interests

Al Ahly to Launch New Integrated Compound in 6th of October City

Cairo-based Al Ahly for Real Estate Development seeks to launch a new integrated residential compound in 6th of October City by year-end, in partnership with the Egyptian government, at an estimated cost of EGP 7 bn

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