News / Developers

MNHD Calls Off Planned Share-Swap With SODIC

Egypt’s Madinet Nasr for Housing and Development (MNHD) has called off a planned merger via a share-swap with the Sixth of October Development and Investment Company (SODIC) due to failure to reach an agreement with the latter company over the former swap coefficient pact.

El Batal Group Launches New Projects in West, East Cairo

Egyptian real estate developer El Batal Group has officially launched a new residential project in New Cairo, Rock Vera, and another one in 6th of October City, Rock Eden, offering discounts up to 50% on cash payments as well as special installment plans

Cairo’s JW Marriott Installs Roof-Top Solar Power Station

JW Marriott Hotel Cairo, a luxury hotel and resort brand of Marriott International, launched on January 19 the first solar-powered photovoltaic (PV) roof-top station for electricity generation, attempting to prompt the Egyptian hospitality industry to establish similar stations across the country

Compass’ Bonyan Uncovers WOC in West Cairo

Egypt's Compass Capital, a private equity firm, announced on January 20 that its portfolio company, Bonyan for Development and Trade, has launched the Walk of Cairo (WOC) in west Cairo.

Emaar Kicks off 2nd Phase of Expo Golf Villas

Dubai-based real estate developer Emaar Properties has announced the launch of the second phase of Expo Golf Villas, following the high sales achieved in phase one.

ACUD Inks Deal to Provide NAC With Electronic Payments

The Administrative Capital for Urban Development (ACUD) will sign a partnership agreement with MasterCard to begin providing the New Administrative Capital (NAC) with electronic payments on January 21.

PACT Makes EGP 2 bn Sales of North Coast’s White Bay

PACT for Investment and Real Estate Development, an Egyptian real estate developer, has announced achieving EGP 2 bn in sales of its North Coast project White Bay during 2018.

TMG Holding Inks MoU With Huawei for Smart Cities Services

Talaat Mostafa Group (TMG) Holding has signed a memorandum of understanding (MoU) with the international telecommunication giant Huawei Technologies to provide new smart solutions in the security and privacy field, aiming to bring about the digital transformation of living in Egypt and the Middle East.

Property Purchases for Investment Hit 85% in 2018: Tatweer Misr

Tatweer Misr's Managing Director and Board Member Ahmed Shalaby said that 85% of real estate purchases during the past year were for investment purposes compared to 70% recorded in 2017.

Mountain View Eyes to Record EGP 5 bn Sales in 2019: Chairman

Amr Soliman, chairman of Mountain View, said the company targets achieving EGP 5 bn contractual sales from its projects during 2019, while planning to sign construction contracts worth EGP 2.5 bn in the same year.

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