News / Developers

ODH Starts Development of Eco-Bos Phase I in UK

Orascom Development Holding (ODH) started the development of its first project, the West Carclaze Garden Village (WCGV), in Eco-Bos Developments Limited in Cornwall, UK

Sawiris Named Orascom Investment Holding’s New CEO

Orascom Investment Holding (OIH) Executive Chairman Naguib Sawiris will succeed Tamer El Mahdi as the company's new CEO, after the latter submitted his resignation, effective December 31, while also maintaining his current position.

MNHD Leases Another Plot in Sarai to Total Egypt

Madinet Nasr for Housing and Development’s (MNHD) board has given the go-ahead to lease a 3,000-square-meter plot in its New Cairo compound, Sarai, to Total Egypt for 25 years, adding up to the latter’s 7,000-square-meter gas service station.

TRSDC Awards Design Contract for New Red Sea Airport

The Red Sea Development Company (TRSDC) has awarded UK-based architectural firm Fosters + Partners the design contract for a new international airport at The Red Sea project, the former developer's anticipated tourism destination in KSA.

MNHD Posts Lower Profits in 9 M

Egypt's property developer Madinet Nasr Housing and Development (MNHD) reported a consolidated net profit of EGP 631 mn during the first nine months of 2019, a decline from EGP 869.1 mn during the same period last year.

City Edge Secures EGP 20 bn Revenues in 20 M

CEO of City Edge Developments (CED) Amr El Kady has revealed that his company's revenues touched EGP 20 bn over the course of 20 months

Accor to Manage Sharm El Sheikh’s Naama Bay Promenade Resort

French hotel giant Accor inked on November 3 a renovation and management deal for Naama Bay Promenade Resort in Sharm El Sheikh, agreeing to re-brand the beachside project as Pullman Hotels and Resorts by January 2021.

Cleopatra Hospital to Form New Management Arm

Egypt-based Cleopatra Hospital Group's (CHG) Board of Directors (BoD) ratified on October 22 the establishment of a new joint-stock company to manage and operate its hospitals nationwide, at a total market cap of EGP 30 mn.

Kuwait to Brace Region’s 1st Hybrid Mall

Kuwait-based Tamdeen Pearl, a subsidiary of Tamdeen Group, has launched "Al Khiran Hybrid Outlet Mall," marking the first-of-its-kind in the region and coming in response to shoppers’ demand for an all-inclusive experience.

Prestige Constructions Wins Tender for Dubai’s Azizi Victoria

UAE-based Azizi Developments awarded on October 22 a construction tender of eight residential buildings in its mixed-use project in Dubai’s Mohammed Bin Rashid (MBR) City, dubbed "Azizi Victoria," to India's contractor Prestige Constructions"

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