Heliopolis Company for Housing and Development announced on October 24 that it will sell around 30 to 100 acres of land plots in the New Heliopolis City project to be used for residential, commercial, and service purposes
UAE-based Thumbay Group seeks to inject investments worth AED 1 bn (roughly EGP 5 bn) via the establishment of a branch of the Gulf Medical University in Egypt
Held under the auspices of the Minister of Housing, Utilities & Urban Communities, Invest-Gate hosted its second roundtable "Real Estate Tourism Development" on October 23 and was successfully received
Dubai-based property developer Nakheel has broke ground on its AED 713 mn Dragon Towers project in the Dragon City mixed-use community in Dubai
Egypt-based Grand Plaza for Real Estate and Tourism Investment has pumped investments worth EGP 5 bn in La Mirada El Mostakbal in east of Cairo, of which EGP 1.5 bn were allocated for the land's cost and EGP 3.5 bn for the implementation process
Orascom Development Holding (ODH) said that a new report by a US firm has valued its land banks and 17 hotels at the Red Sea resort of El Gouna at USD 2.1 bn, 42 times its current book value
Heliopolis Company for Housing and Development said its board of directors approved on October 17 a long-term loan worth about EGP 1.2 bn from a national bank, to be reimbursed in seven years and a half
Egypt's property developer Master Group says that it has marketed 80% of its flagship "The City" in the New Administrative Capital, aiming to complete the project's marketing by the end of October
Capital Group Properties (CGP), owned by Abu Dhabi Capital Group (ADCG) and Al Ain Properties, has announced the inauguration of "Alburouj Cultural Hub" at its Alburouj project in El Shorouk city
Egypt-based Edge Holding for Urban Development plans to invest nearly EGP 25 bn in Egypt's real estate market in the next 10 years, intending to implement residential skyscrapers in New Alamein as well as another project in Ain Sokhna
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