News / Developers

EMPC Extends Al Hokair’s Rights to Magic Land Overhaul

Egyptian Media Production City’s (EMPC) board has approved extending its agreement with KSA-based Al Hokair Group to redevelop and manage Magic Land, the former's amusement park in west Cairo, under a build-operate-transfer framework

Hilton, Alshaya Group Partner for 70 Hampton by Hilton Hotels

Hilton and Alshaya Group announced on July 31 the exclusive signing of a master development agreement to launch and develop 70 Hampton by Hilton hotels in nine countries, most of which will be in the Middle East, North Africa, Turkey, and Russia.

New Steigenberger Hotel Opens in North Egypt

Steigenberger Hotels and Resorts, Deutsche Hospitality’s luxury brand, continues to expand its portfolio with the opening of a new lavish hotel in Ras El Bar, North Egypt, offering “a truly stunning setting right at the point where the Nile Delta flows into the Mediterranean."

Castle Development Launches Springfield in NAC

Egypt's real estate developer Castle Development has launched the third phase of Castle Landmark, named "Springfield," in the New Administrative Capital (NAC), with investments valued at EGP 450 mn.

GV Developments Debuts with EGP 9 bn North Coast Project

Egypt-based GV Developments made a debut on July 28 with its EGP 9 bn mixed-use project on the North Coast, called "White Sand," representing a quantum leap in modern tourism industries.

Pyramids’ Paris Mall Logs EGP 800 mn Sales in 15 Days

Chairman of Pyramids Developments Hesham Elkhouly said the company has managed to log EGP 800 mn in sales of its fourth commercial project in the New Administrative Capital (NAC), Paris Mall, just after 15 days of its launch.

Alila Salalah to Launch New Coastal Resort in Oman Next Year

Oman Investment Fund's Alila Salalah Company is set to develop a new luxury beachfront resort, dubbed "Alila Hinu Bay," in Dhofar Governorate, Oman, by the first quarter of 2020.

MBG Eyes EGP 1 bn Sales in 3M: Chairman

Egypt’s real estate developer MBG targets achieving EGP 1 bn in sales of Pukka project in the New Administrative Capital (NAC) in the upcoming three months

Advertorial: Iwan Developments Conquers the Real Estate Scene

Despite intense competition in the real estate market, especially within recent years, Iwan Developments seizes the market with its profound long history of over 15 years and mastered the challenges encountered over the course of operation, thanks to its extensive experience and comprehensive knowledge in such field.

Mardev Developments Builds EGP 2 bn Project in NAC

Mardev Developments is currently implementing Menorca Residence in the New Administrative Capital (NAC), pumping investments amounted at EGP 2 bn, with 15% of the project marketed since its launch last May

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