News / Developers

El Mostakbal City Sees EGP 5 bn Investments in Facilities, Infrastructure

  • Wednesday, 23rd May 2018
  • by Hussein

El Mostakbal For Urban Development has held a community consultation session to present the construction plan of their El Mostakbal City

Orascom Logs 13.9% Net Profit Increase in Q1-18

Egypt's Orascom Construction recorded an increase of 13.9% year-on-year (YoY) in its net income attributable to shareholders to amount to nearly USD 32 mn in Q1-18 versus USD 28 mn in the same-prior year

Arabtec to Build Two New Phases in Uptown Cairo

UAE-based construction company Arabtec Holding has secured a deal with the Egyptian arm of Dubai-based Emaar properties, Emaar Misr, to carry out two projects for them

Seven Tides Launches AED 1.3 bn SE7EN CITY JLT

UAE-based residential, hospitality and commercial property developer Seven Tides has revealed plans for its first project in Jumeirah Lakes Towers (JLT) in Dubai

Saudi Jabal Omar Sells 90 Units For SAR 1.1 bn

Saudi-based Jabal Omar Development Company (JODC) announces signing an agreement on Sunday, May 20, to sell 90 residential units at SAR 1.1 bn to Albilad Capital, the investment arm of Albilad Bank.

Arab Contractors to Sell 4% Stake in El Mostakbal

Arab Contractors, an Egyptian construction and contracting company, will sell 4% of its shareholding in El Mostakbal for Urban Development to two local banks

SODIC, MHND Meet for Possible Merger

Madinet Nasr Housing and Development (MHND) and Sixth of October Development and Investment (SODIC) have held a meeting on Thursday, May 17, in the presence of their advisors and top management to discuss options available for either merger or acquisition

First Residents to Check into Emaar South Next Year

Residents of Emaar South, a joint venture project between Emaar Properties and Dubai South, will be able to check into their homes the upcoming year

Eagle Hills Sharjah Launches Second Maryam Island Project

Eagle Hills Sharjah, a joint venture between Sharjah Investment and Development Authority (Shurooq) and Eagle Hills, launches Sapphire Beach Residence, the second residential building of the flagship Maryam Island project in Sharjah on Wednesday, May 16

Sharjah Holding Unveils Uptown Al Zahia Neighborhood

Sharjah Holding, a partnership between Majid Al Futtaim and Sharjah Asset Management, launches Uptown Al Zahia, the newest neighborhood in Al Zahia, on Wednesday, May 16

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