SODIC Reports Net Profit of EGP 429 mn in 2016

• Monday, 13th March 2017
• by Yasmin El-Beih

Egypt's leading real estate developer SODIC reported a net profit after tax of EGP 429 mn, up by 38% y-o-y for the full year ending on December 2016 compared to a year earlier, according to a report sent to Invest-Gate.

ARCO Egypt to Launch Phase I of Lavande

• Monday, 13th March 2017
• by Fatma Khaled

Egypt’s leading real estate company ARCO launched the first phase of its project Lavande, a high-end residential complex located in 6th of October City

Orascom Expands Executive Management Team

• Tuesday, 7th March 2017
• by Yasmin El-Beih

Orascom Development Holding (ODH) decided on March 5 to expand its executive management team as of April 1, Invest-Gate reports.

TMG Net Profit Rises By 8.85% in 2016

• Tuesday, 7th March 2017
• by Yasmin El-Beih

Egypt’s giant real estate developer Talaat Moustafa Group (TMG) posted a consolidated net profit of EGP 828 mn in 2016, up by 8.85% compared to EGP 761 mn a year earlier, Invest-Gate reports.

Electric Train to Link Administrative Capital with Cairo

• Sunday, 5th March 2017
• by Yasmin El-Beih

The Egyptian government is in talks with a Chinese construction company to launch an electric train linking the New Administrative Capital with Cairo, state-owned Ahram reports.

Nasr, Madbouly Visit Mall of Egypt Ahead of Launch

• Wednesday, 1st March 2017
• by Yasmin El-Beih

Minister of Investment and International Cooperation Sahar Nasr and Minister of Housing and Urban Utilities Mostafa Madbouly went on an inspection trip on February 28 to Majid Al Futtaim’s most recent USD 722 mn project, Mall of Egypt, Invest-Gate reports.

Emaar Misr to Launch Celesta Hills in Uptown Cairo

• Wednesday, 1st March 2017
• by Yasmin El-Beih

Emaar Misr is launching its new project Celesta Hills in Uptown Cairo at a downpayment of EGP 600,000 and six-year installments for the remaining costs, Invest-Gate reports.

Wadi Degla Developments launches Promenade New Cairo

• Wednesday, 22nd February 2017
• by Yasmin El-Beih

Wadi Degla Developments launched on February 22 its newest project, Promenade New Cairo, located five minutes away from AUC and at the commercial district of Road 90, Invest-Gate reports.

Palm Hills to Step Forward in Alexandria’s Real Estate Market

• Wednesday, 22nd February 2017
• by Yasmin El-Beih

Palm Hills Developments (PHD) will create an integrated residential community in Alexandria encompassing 135 acres near the Al Nozha International Airport to be finalized by the end of 2017, Invest-Gate reports.

Emaar to Launch Crescent Parkside Residences in New Cairo

• Tuesday, 21st February 2017
• by Yasmin El-Beih

Emaar Misr is launching the Crescent Parkside Residences in New Cairo’s Mivida project, offering potential buyers the opportunity to provide a 5% downpayment and pay the remaining unit costs over six-year installments, Invest-Gate reports.