News / Developers

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

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

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

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.

Egypt’s Madaar Development to Pump EGP 700 M in its Azha Project

Madaar Development, an Egyptian real estate company, plans to invest EGP 700 million ($78 million) in its Azha compound, located in Ain El Sokhna, reported Amwal Al Ghad.

Sama Group to Increase Investments in Egypt’s Real Estate Market

Sama Group for Properties Investment will soon implement three new real estate projects with investments worth EGP 5.5 billion, the group’s chairman Hassan Rateb told Al Mal.

Real Estate Companies Partner to Counter Escalating Land, Construction Prices

Real estate companies are forming partnerships to increase their land portfolios despite the high land prices, said Maged Helmy, CEO of Wadi Degla Developments, reported Daily News Egypt.

ERA Launches Real Estate Education Program

ERA Commercial Egypt, a real estate firm, launched a real estate education program called SkillBuild/Benaa in April, reported Daily News Egypt.

Redcon Develops 3 New Administrative Buildings Worth EGP 640 M

Redcon Construction, an Egyptian-based company, is developing three new administrative buildings in New Cairo, with an investment worth EGP 640 million, according to Tarek El-Gammal, Chairman of Redcon, as reported by Amwal Al Ghad.

Ain Sokhna Sees Man-made Crystal Lagoons in Il Monte Galala Project

Developer of the patented Crystal Lagoons has collaborated with Tatweer Misr to develop the first man-made lagoons in Ain Sokhna mountains, Zawya reported.

Presidential Decree Allows Industrial Lands to be Allocated to Investors For Free

A presidential decree issued by President Abdel Fattah Al Sisi dictates that pieces of lands in some industrial zones can be allocated to investors at no cost. The decree was published in the state's official gazette.

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