Egypt-based Pyramids Developments plans to launch two tourism projects on the North Coast and New Alamein during the second half of 2019.
Egypt's real estate development and investment company TAMEER achieved a growth rate of 64% in its consolidated sales and profits to total EGP 742 mn for 2018, compared to EGP 453 mn in 2017.
Egypt's Palm Hills Developments uncovered on March 6 closing its latest securitization bond issue with Sarwa Capital Holding for Financial Investments, backed by receivables portfolio of EGP 760 mn in some of the former's projects.
UAE-based Aurora Real Estate Development plans to handover Lyra, an AED 85 mn (USD 23 mn) residential project in Dubai, following its completion.
Aristo Developers' Representative for the Middle East and Arab Countries Issam Nasser has revealed the company's plans to launch its new branch in Egypt during the week starting March 10.
Hilton Hotels and Resorts announced on March 5 the signing of a bilateral agreement with Saudi-based Shomoul Holding Company for the establishment and development of four new hotels at The Avenues, Riyadh.
Egypt's developer Palm Hills Developments has been awarded, for the second year in a row, the prestigious BT100 “Exceptionally Innovative Project” accolade for its revolutionary creative city project in 6th of October City, Badya.
Emaar Misr for Development said the arbitration case filed by El Nasr Housing and Development is still under court review, confirming that negotiations are positive.
Egypt-based property developer Amer Group said its board decided to voluntarily delist the company’s shares from the Egyptian Stock Exchange (EGX).
Vice Chairman of El Attal Holding Mohamed El Attal unveiled on March 3 that the developer achieved EGP 122 mn in sales of its residential project, Park Lane Compoundhood, in the New Administrative Capital (NAC) after one day of its official launch
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