Orascom Construction to Borrow EGP 800 M from OFID

• Wednesday, 11th May 2016
• by Nadine Abou el Atta

Orascom Construction Industries (OCI) is about to secure a loan worth up to EGP 800 million ($90 million) from OPEC Fund for International Development (OFID) and the European Bank for Reconstruction and Development (EBRD), according to Al Mal News.

SWA to Finalize Plans for 500 Acre Project

• Tuesday, 10th May 2016
• by Nadine Abou el Atta

SWA, an international landscape architecture company, will finish development plans for a 500-acre project in New Cairo in June before the project’s introduction to the market in final quarter of 2016, said Yasseen Mansour, Palm Hills Chairperson, to Daily News Egypt.

Abraj Misr Signs EGP 300 M Contracts for The Shore

• Tuesday, 10th May 2016
• by Nadine Abou el Atta

Abraj Misr, an Egypt-based real estate developer, signed contracts worth EGP 300 million for construction work in The Shore, its North Coast project, said Tarek Bahaa, Abraj Misr commercial director, according to Amwal Al Ghad.

Al Futtaim Plans to Sign EGP 1 B in Contracts in 2016

• Tuesday, 10th May 2016
• by Nadine Abou el Atta

Al Futtaim Real Estate intends to sign contracts worth EGP 1 billion in 2016, while also increasing investment in its Cairo Festival City projects by EGP 2 billion, for a total investment of EGP 19 billion, the company’s Managing Director Mohamed Al Mikawi told Daily News Egypt.

Wadi Degla Eyes 2,500 Acres for New Projects using PPP system

• Thursday, 5th May 2016
• by Nadine Abou el Atta

Wadi Degla Holding, an Egyptian real estate developer, is in discussions with the Ministry of Housing over 2,500 acres for new housing projects through the public-private partnership (PPP) system, Wadi Degla’s Chairman Maged Helmy told Amwal Al Ghad.

Emaar Misr Announces Increase of Assets in Q1 2016

• Thursday, 5th May 2016
• by Nadine Abou el Atta

Emaar Misr for Development recorded an increase in assets in the first quarter of 2016 worth EGP 18.3 billion. This figure represents an increase of 4.6 percent, compared to EGP 17.5 billion pounds in the same period in 2015.

Misr Italia Holding Signs Construction Deals worth EGP 250 M

• Tuesday, 3rd May 2016
• by Nadine Abou el Atta

Misr Italia Holding, an Egypt-based real estate developer, signed construction deals worth EGP 250 million during the first quarter of 2016, said Mohamed Al Assal, Misr Italia’s Executive Chief, reported Amwal Al Ghad.

Al-Ahly Real Estate Inaugurates Platinum Club worth EGP 350 M

• Wednesday, 27th April 2016
• by Nadine Abou el Atta

Al-Ahly for Real Estate Development, an Egyptian-based real estate developer, inaugurated in April its first sport facility, ‘Platinum Club,’ in New Cairo.

EMAC Completes 121 Buildings in Egypt’s Low-Income Housing Scheme

• Wednesday, 27th April 2016
• by Nadine Abou el Atta

EMAC Contracting, an affiliate of Kuwait’s Al Kharafi & Sons Group, concluded the construction of 121 residential buildings for the low-income earners, reported Amwal Al Ghad.

Misr Italia Pumps EGP 28 M of Investments into Mousa Coast

• Tuesday, 26th April 2016
• by Nadine Abou el Atta

The real estate company Misr Italia has recently pumped EGP 28 million of new investments into the second phase of a commercial center in Mousa Coast, a touristic city located in Ras Sudr.