News / Developers

SODIC Receives Letter from NUCA for Change of Al Yosr’s Land Use

Egypt’s Sixth of October Development and Investment (SODIC) has announced that Al Yosr for Projects and Agricultural Development, a subsidiary of SODIC, has received a letter from the New Urban Communities Authority (NUCA) regarding the change of use of a land plot owned by Al Yosr in Sheikh Zayed city, west Cairo

Omran, Majid Al Futtaim Lays Foundation Stone for Muscat’s “City for the Future”

Oman Tourism Development Company (Omran), the tourism arm of Oman's government, and UAE's retail giant Majid Al Futtaim hosted a ceremony on November 14 to lay the foundation stone for Madinat Al Irfan, Muscat’s new "City for the Future"

TMG Holding’s Profits Rise 12.5% to EGP 1.25 bn in 9M

Egypt-based property developer Talaat Moustafa Group Holding (TMG Holding) has recorded a 12.5% surge in its net profit to EGP 1.25 bn in the first nine months of 2018, up from EGP 1.1 bn in the year-ago period

Rofaida Begins Initial Delivery of Row Marina’s 1st Phase

Egypt’s property investment company Rofaida Real Estate has started the initial delivery of the first phase of Row Marina Resort project in North Coast, aiming for the project to commence operations by next summer

Marseilia Expects to Log EGP 3 bn Sales Contracts in 2019

Egypt-based Marseilia for Real Estate Investment is expecting to record EGP 1.2 bn in sales by the end of this year, while foreseeing that it will achieve sales contracts worth EGP 3 bn in 2019

Orascom Plans to Launch “O West” in 6th of October City in Q1 2019

Egypt's Orascom Development plans to launch a new compound called "O West" in 6th of October City during the first quarter of next year

Tatweer Misr, GEN Sign MoU For EGP 120 mn Entrepreneurship Hub

Egypt's real estate developer Tatweer Misr has inked a memorandum of understanding (MoU) with Global Entrepreneurship (GEN) to develop an entrepreneurship hub in Tatweer Misr's Bloomfields compound in Mostakbal City at an investment cost of EGP 120 mn

Misr Italia, El Mostakbal to Co-Develop New Project in Mostakbal City

Egypt’s property developer Misr Italia Properties and El Mostakbal for Urban Development have inked a deal for the co-development of an integrated residential compound in Mostakbal City with initial investments worth nearly EGP 22 bn and expected sales of EGP 36 bn

Zahya’s 1st Phase is Sold Out With EGP 1.5 bn Sales

Egypt's real estate developer City Edge Developments announced selling all units of the first phase of its newest development in New Mansoura, Zahya, with total sales of EGP 1.5 bn

Omran, DAMAC Jointly Start Groundwork for Transformation of Oman’s MASQ

Oman-based developer Oman Tourism Development Company (Omran) and Dubai’s real estate developer DAMAC Properties have jointly started the groundwork for the transformation of Oman's historical Mina Al Sultan Qaboos (MASQ) port into a USD 2 bn integrated waterfront destination

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