News / Developers

ACUD Inks Deal to Provide NAC With Electronic Payments

The Administrative Capital for Urban Development (ACUD) will sign a partnership agreement with MasterCard to begin providing the New Administrative Capital (NAC) with electronic payments on January 21.

PACT Makes EGP 2 bn Sales of North Coast’s White Bay

PACT for Investment and Real Estate Development, an Egyptian real estate developer, has announced achieving EGP 2 bn in sales of its North Coast project White Bay during 2018.

TMG Holding Inks MoU With Huawei for Smart Cities Services

Talaat Mostafa Group (TMG) Holding has signed a memorandum of understanding (MoU) with the international telecommunication giant Huawei Technologies to provide new smart solutions in the security and privacy field, aiming to bring about the digital transformation of living in Egypt and the Middle East.

Property Purchases for Investment Hit 85% in 2018: Tatweer Misr

Tatweer Misr's Managing Director and Board Member Ahmed Shalaby said that 85% of real estate purchases during the past year were for investment purposes compared to 70% recorded in 2017.

Mountain View Eyes to Record EGP 5 bn Sales in 2019: Chairman

Amr Soliman, chairman of Mountain View, said the company targets achieving EGP 5 bn contractual sales from its projects during 2019, while planning to sign construction contracts worth EGP 2.5 bn in the same year.

El Tayebi Developments Intends Launching New Project in NAC Soon

General Manager of El Tayebi Developments Omar El Tayebi has unveiled that his company intends to launch a new project in the New Administrative Capital (NAC) during Cityscape Egypt next March.

Tatweer Misr Targets EGP 6 bn Sales in 2019

Managing Director and Board Member at Tatweer Misr Ahmed Shalaby has revealed that his company targets achieving EGP 6 bn worth of sales during 2019.

Castle Development Targets EGP 2 bn Sales in 2019: CEO

Castle Development CEO Ahmed Mansour said the company targets achieving sales of EGP 2 bn in 2019 versus EGP 860 mn last year, driven by the launch of its newest smart residential compound in the New Administrative Capital (NAC), Castle Landmark.

MNHD Posts EGP 5.5 bn Presales in 2018

Egypt’s urban developer Madinet Nasr Housing and Development (MNHD) has logged EGP 5.5 bn in presales, including sales contracts and units' reservations, during 2018, primarily through the company's flagship projects, Taj City and Sarai in east Cairo.

Orascom Eyes Buying Shares in Sawiris’ Andermatt Swiss Alps

Egypt-based Orascom Development Holding entered into an agreement with its Chairman Samih Sawiris for the potential purchase of 1% and one share of Andermatt Swiss Alps (ASA), a real estate firm managed by Sawiris, within the next two years.

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