News / Developers

EFG Hermes Acquires TMG Holding’s Educational Services For EGP 1 bn

EFG Hermes reveals securing a deal with Egypt's Talaat Moustafa Group Holding (TMG Holding) for the acquisition of a- EGP 1 bn- portfolio of schools in Cairo’s suburbs

Misr Italia Properties Acquires New Land in The New Capital

Misr Italia Properties buys another piece of land at the New Administrative Capital, acquiring 110 acres at the cost of EGP 1.617 bn

Orascom Development Sells EGP 360 mn Stake in Tamweel Group

Orascom Development Egypt (ODE) announces the signing of the final sale contract of all its stake in Tamweel Group for a total equity valuation of EGP 360 mn to a consortium of investors.

Mina By Azizi Project Nears Completion

UAE-based real estate developer, Azizi Developments, reveals that its -AED 780 mn- Mina project by Azizi, situated on Palm Jumeirah, is scheduled for completion by the third quarter of 2018.

Emaar Misr – El Nasr Conflict Resolved

The conflict between Emaar Misr and El Nasr Housing has been resolved, Minister of Business Sector Khaled Badawi confirms

SODIC to Invest up to EGP 1 bn in Land Purchase This Year

Egypt's real estate developer Sixth of October for Development and Investment Company (SODIC) is planning to invest between EGP 900 mn and EGP 1 bn to expand their land bank in 2018

El Mostakbal City Sees EGP 5 bn Investments in Facilities, Infrastructure

El Mostakbal For Urban Development has held a community consultation session to present the construction plan of their El Mostakbal City

Orascom Logs 13.9% Net Profit Increase in Q1-18

Egypt's Orascom Construction recorded an increase of 13.9% year-on-year (YoY) in its net income attributable to shareholders to amount to nearly USD 32 mn in Q1-18 versus USD 28 mn in the same-prior year

Arabtec to Build Two New Phases in Uptown Cairo

UAE-based construction company Arabtec Holding has secured a deal with the Egyptian arm of Dubai-based Emaar properties, Emaar Misr, to carry out two projects for them

Seven Tides Launches AED 1.3 bn SE7EN CITY JLT

UAE-based residential, hospitality and commercial property developer Seven Tides has revealed plans for its first project in Jumeirah Lakes Towers (JLT) in Dubai

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