Porto Dead Sea to launch in September

• Tuesday, 17th January 2017
• by Yasmin El-Beih

Amer Group heads east to launch its first project, Porto Dead Sea, in Jordan, Invest-Gate reports. Amer Group is to inaugurate the first phase of Porto Dead Sea in September, the Group’s Brand Manager Alaa ElBarbary told Invest-Gate.

REDCON Sells 50% of its Blue Capital Project to Swiss Company

• Monday, 16th January 2017
• by Yasmin El-Beih

REDCON for Real Estate has sold 50% of its Blue Capital office project located in New Cairo to ABB for Green Technology to a Swiss company, according to a press release.

Bedaya Opens Reservation of Units in New Cairo’s Premiere Project

• Monday, 16th January 2017
• by Yasmin El-Beih

Bedaya for Real Estate Development has opened reservation for the first phase of its new Premiere residential project located in Lotus, New Cairo, Invest-Gate reports.

SODIC Denies Delaying Plan to Develop Project with HELI to September

• Sunday, 15th January 2017
• by Yasmin El-Beih

SODIC corrected rumors concerning delaying the submission of the general plan for project development with Heliopolis Company for Housing & Development (HELI) to September, stating that they only pushed the deadline 10 weeks to March 2017.

Demand on Real Estate Increases Despite Economic Challenges Following Flotation

• Wednesday, 11th January 2017
• by Invest Gate

The real estate sector has witnessed heightened demand during the past few months following the flotation of the pound of the pound, with most companies have recording an estimated growth in sales volume ranging from 30% to 40%, according to VP of Coldwell Banker Mohamed Banany.

Buyers Hold to their Purchasing Power Despite Economic Challenges

• Tuesday, 10th January 2017
• by Farah Montasser

Several buyers have not asked to retrieve their payments for their property during the past period, reflecting that buyers continue to demonstrate an interest in purchasing real estate despite economic challenges, according Al Mal

HHD and SODIC to Postpone Project Development in Heliopolis

• Tuesday, 10th January 2017
• by Farah Montasser

Heliopolis for Housing & Development (HHD) and SODIC agreed to postpone their partnership project aiming to develop 655 acres of lands until next September due to economic challenges following the float of the EGP, Al Borsa reports

Arab Contractors to Develop Infrastructure Projects in New Capital and Suez Gulf

• Monday, 9th January 2017
• by Farah Montasser

Arab Contractors is to construct roads in the new Administrative Capital at a total investment cost of EGP 1.1 bn, company Chairman Mohsen Salah told Amwal El Ghad

SECON to Invest EGP 2 Bn in Egypt in 2017

• Monday, 9th January 2017
• by Farah Montasser

Saudi Egyptian Construction Company (SECON) is to pump investments worth EGP 2 bn worth of projects in Egypt during full-year 2017 in an effort to promote the company’s strategy to achieve revenues, according to Chairman Darwish Hassanein, Al Borsa reports

APG Finalizes Panorama Green Mountain Project

• Monday, 9th January 2017
• by Farah Montasser

Architecture and Planning Group (APG) has completed the construction of Nasr City’s Panorama Green Mountain Project at a total investment cost of EGP 600 mn, the company’s Branch Manager Mohamed Hassan told Amwal El Ghad