Government, Developers Begin Pricing Negotiations over Administrative Capital Land

• Monday, 6th June 2016
• by Invest Gate

Administrative Capital City for Urban Development, the company managing the new administrative capital, has started negotiations with real estate developers over pricing dynamics of lands in the new capital.

Wadi Degla to Begin Construction of EGP 13M Neopolis Project

• Friday, 3rd June 2016
• by Invest Gate

Wadi Degla Developments has begun construction of its Neopolis project, with investments worth EGP 13.3 billion ($1.5 billion), the company announced in a press statement.

UDH Launches its First Project With EGP 4B Investments

• Wednesday, 1st June 2016
• by Invest Gate

Upscale Development Holding (UDH), an emerging real estate company, launched its first project worth EGP 4 billion ($ 450 million) in Borg El Arab, said Chairman Mohamed Khairy

iCity Reservation Witness Remarkable Turnout

• Wednesday, 1st June 2016
• by Invest Gate

Egypt’s largest real estate project to date, iCity, has witnessed a remarkably high turnout during its 2 day reservation period.

Orascom Construction Records EGP 204.4 M in Net Profit in Q1

• Wednesday, 1st June 2016
• by Invest Gate

Orascom Construction announced a net profit of EGP 204.4 million in the first quarter (Q1) of 2016, in comparison to EGP 51.5 million for Q1 2015.

MNHD Registers 176% Hike in Revenue

• Tuesday, 24th May 2016
• by Invest Gate

Madinet Nasr Housing and Development’s (MNHD) announced its financial results for the first quarter (Q1) of 2016, stating a revenue of EGP 169.7 million for the period, and recording an increase of 176% in comparison to that of Q1 2015.

Porto Group Hits EGP 191M in Revenues in Q1 2016

• Tuesday, 24th May 2016
• by Invest Gate

Porto Group announced its consolidated revenue for the first quarter (Q1) of 2016, achieving a gross profit of EGP 68 million with a gross profit margin of 36%.

Palm Hills to invest EGP 2B in 2016

• Tuesday, 24th May 2016
• by Invest Gate

Palm Hills is planning to invest EGP 2 billion ($225 million) within the current year.

UAE’s CGP Announced Tender for Construction of Alburouj Project

• Sunday, 22nd May 2016
• by Invest Gate

Capital Group Properties (CGP), a real estate development company owned by Abu Dhabi Capital Group (ADCG) and Al Ain properties, has announced a tender for the construction of the first phase of its latest project Alburouj.

Palm Hills Plans to Establish a Base in Dubai

• Sunday, 15th May 2016
• by Nadine Abou el Atta

Palm Hills Development (PHD), an Egyptian real estate developer, is planning to open a company in Dubai, reported The National.