News / Developers

Heliopolis Housing Sells 1,980-Acre Plot in Sheraton

Cairo-based Heliopolis Housing and Development (HHD) has announced selling a 1,980-acre land plot in Sheraton, Heliopolis, for EGP 99.3 mn at an auction on May 4.

Emaar Misr Consolidated Profits Fall 16.8% in Q1 2019

Egypt's Emaar Misr has reported a 16.8% YoY decline in its consolidated net profits during the first three months of 2019, dropping by EGP 84.6 mn compared to the year-ago period.

Mariout Hills Invests EGP 2.4 bn in Swiss Ranches Phase I

Ahmed Hassan, chairman of Mariout Hills Developments, a subsidiary of Mariout Hills Group, has revealed that investments worth EGP 2.4 bn were pumped into the first phase of the company's residential project in New Alamein, Swiss Ranches - the first integrated eco-housing venture in the region.

Al Marasem Uncovers New Partnership System at Fifth Square Project

Al Marasem International for Development, affiliated to Saudi Binladin Group, has launched a new partnership system at its Fifth Square project in New Cairo, enabling clients to invest in a top-quality product with a high rate of return on investment (ROI).

Heliopolis Housing Eyes Launching Smart Zone

The Heliopolis Company for Housing and Development (HHD) studies launching a smart zone in partnership with a UAE investor

Emaar, P&O Marinas Launch AED 25 bn Coastal Destination in Dubai

Emaar Development has announced the launch of Mina Rashid, with AED 25 bn worth of investments, presenting a new definition of Riviera-style living, after P&O Marinas, a subsidiary of global trade enabler DP World, has put forth the land to Emaar to continue developing world-class marinas and berthing facilities.

Rotana to Operate DAMAC’s Luxury Hotel Apartments in Riyadh

Dubai-based DAMAC Hotels and Resorts has announced the signing of a partnership agreement with the leading hospitality counterpart Rotana Hotel Management to handle the former's luxury hotel apartment project DAMAC Towers in Riyadh, Saudi Arabia.

Swiss-Belhotel Int’l Targets 25 Hotels by 2025 in MENA Region

Hong Kong-based Swiss-Belhotel International targets to launch 25 hotels, hosting approximately 6,000 rooms, in the MENA region by 2025.

MARAKEZ Awards Hassan Allam Construction of AEON Towers

Egypt's mixed-use developer Marakez has awarded Hassan Allam Construction, a subsidiary of Hassan Allam Holding (HAH), the construction work of AEON Towers in West Cairo, Invest-Gate reports.

Oriental Weavers to Deliver OIC Phase I Before Year-End

Oriental Weavers Group unveild its 10.5 mn square meter Orientals Industrial City (OIC), with investments worth EGP 13 bn, in Ain Sokhna

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