News / Developers

Maged Salah Al Din Appointed as ARDIC CEO

ARDIC for Real Estate Development and Investments has appointed Maged Salah Al Din as the new CEO to succeed Ashraf Dowidar

EMPC to Take Over NBE Stake in Arabian Hotel

The Egyptian Media Production City’s (EMPC) board has ratified the acquisition of the National Bank of Egypt's (NBE) stake in Arabian Hotel Media Production City Co. at EGP 115 per share

JIIC Awards Over AED 80 mn Works for Jubail Island

UAE’s Jubail Island Investment Company (JIIC) has granted an infrastructure works contract worth over AED 80 mn for Jubail Island to Gulf Contractors Company (GCC).

MNHD Nods to EGP 150 mn Facility from United Bank

The Board of Directors (BoD) of Madinet Nasr for Housing and Development (MNHD) has approved an EGP 150 mn credit facility extended by the United Bank.

DoubleTree by Hilton to Open in Ain Sokhna

Egypt’s DM Development and the Hilton International Hotel Management Group announced plans to introduce a DoubleTree by Hilton hotel in Ain Sokhna, Suez governorate

World’s 1st Warner Bros Hotel to Launch in Abu Dhabi

UAE-based developer Miral and Warner Bros. (WB) have uncovered that the world's first WB branded hotel, called "The WB Abu Dhabi," is currently under development in Yas Island, Abu Dhabi, hitting a completion rate of 40%

City Edge Developments Announces Management Changes

City Edge Developments (CED) has appointed Amgad Hassanein to the position of CEO to succeed Amr El Kady who has resigned his position

Elsewedy Electric Unit Inks Deal for CFC Podium 2

Elsewedy Electric said its subsidiary Rowad Modern Engineering (RME) has signed an EGP 638.4 mn contract with Al Futtaim Commercial and Administrative Centers (AFCAC) for building and engineering works of office buildings at Podium 2 in east Cairo.

SODIC Uncovers 1st Town in 500-Acre New Zayed Project

Sixth of October Development and Investment Company (SODIC) is set to reveal “VYE,” the first of three neighborhoods that make up its newest 500-acre integrated project in New Zayed.

Mousa Coast Sees EGP 100 mn Investments in 2019

Egypt's Mousa Coast Developments has announced the delivery of 110 residential units at its South Sinai beach resort "Mousa Coast," with investments amounted to EGP 100 mn in 2019.

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