News / Developers

Mostakbal City to Have New Educational Project

El Mostakbal for Urban Development has signed a contract on December 24 with Egypt's Advanced Educational Services to develop an educational project inside Mostakbal City in east Cairo

City Edge to Invest EGP 1 bn in Sheikh Zayed’s Etapa in 2019

City Edge Developments CEO Amr El Kady says his company intends to pump EGP 1 bn investments in Sheikh Zayed's Etapa project in west Cairo next year

Marseilia Group, Amlak Finance Ink MoU for Urban Project in Nasr City

Marseilia Real Estate Investment Group has signed a memorandum of understanding (MoU) with UAE's Amlak Finance to develop a new urban project in Nasr City

MBG Mulls Building Medical Center in NAC: Chairman

Chairman of MBG Development Mahmoud Al Adl unveils developer intends to launch an international medical center in the New Administrative Capital (NAC), expecting to reach an agreement with the Administrative Capital for Urban Development (ACUD) before year-end

OIH Completes 30% Acquisition of Sarwa Capital

Egypt-based Orascom Investment Holding (OIH) has announced acquiring 30% (or about 216 mn shares) of structured- and consumer-finance player Sarwa Capital

Middle East’s First EDITION Hotel Debuts in Abu Dhabi

Marriott International, together with American hotelier and real estate developer Ian Schrager, has announced bringing the Middle East’s first EDITION hotel to Bloom Holding's Bloom Marina mixed-use development in Abu Dhabi, marking the brand's debut in the UAE and in the Middle East as a whole

Palm Hills to Raise The Crown’s Credit Facility Limit

Egypt-based Palm Hills Developments' board has approved increasing the credit facility limit for The Crown compound, west Cairo, to EGP 1.24 bn from EGP 852 mn

Hyde Park to Pump EGP 4 bn in Two Projects

Egypt's Hyde Park Developments has announced plans to invest EGP 4 bn in two mega projects, namely Hyde Park in New Cairo and Coast 82 in the North Coast

Orascom Hotels, Thomas Cook Ink Deal for New Hotels in El Gouna

Orascom Development Holding's hotel subsidiary Orascom Hotels Management (OHM) inked on December 19 an agreement with global travel company Thomas Cook Group to establish a new beachfront hotel property in El Gouna, in addition to rebranding another hotel in the area

First Group to Fully Deliver KENZ Compound by 2020

First Group for Real Estate Investment has announced plans to deliver the units of KENZ compound in 6th of October City by 2020, at an investment value of EGP 800 mn

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