News / Developers

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.

Al Bawani to Implement New USD 83 mn Commercial Tower

The Eastern Province Chamber of Commerce and Industry (Asharqia Chamber) has awarded Saudi-based Al Bawani Company a contract to carry out implementation works of its newest commercial tower in the kingdom's eastern province, dubbed Al Kharwa Investment Tower.

Emaar Misr, El Nasr Housing Reach Dispute Resolution Deal

Emaar Misr has announced signing a preliminary deed of settlement with the state-owned company El Nasr Housing and Development, dropping their arbitration cases filed at the Cairo Regional Center for International Commercial Arbitration

Club Villa Phase I Sold Out Within 5 Hrs: Mountain View

Egypt's property developer Mountain View has completed the sale of the first phase of its latest project at Mountain View iCity Club Park, Club Villa, in east Cairo, within five hours of its launch.

RFCO Announces 30% Rise in IL Mondo Prices

Ramy Fares Company for Construction Development (RFCO) has announced a 30% increase in the unit prices of its New Administrative Capital (NAC) project, IL Mondo.

SODIC’s Educate Me Inks Deal to Support Education Reform in Egypt

Sixth of October Development and Investment's (SODIC) key corporate citizenship program Educate Me has signed a cooperation protocol with the Ministry of Education to support education transformation in Egypt.

Misr Italia Launches IL BOSCO City with EGP 22 bn Investments

Misr Italia Properties (MIP) has announced the launch of its newest residential project in Mostakbal City, IL BOSCO City, with investments worth EGP 22 bn.

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