OHD reports net loss of EGP 499.5 mn

• Tuesday, 25th April 2017
• by Nayrouz Talaat

Egypt’s real estate developer Orascom for Hotels and Development has turned from profits to losses in 2016 due to the EGP flotation in November, Invest-Gate reports.

SODIC Closes Q1FY2017 With EGP 1.2 bn Net Contracted Sales

• Tuesday, 25th April 2017
• by Leena ElDeeb

Egypt’s real estate developer SODIC closes Q1FY2017 with contracted sales bookings worth EGP 1.2 bn, demonstrating 64% growth, Invest-Gate reports.   

OGB: Steady Demand Prevails in Egypt’s Real Estate Sector

• Tuesday, 25th April 2017
• by Fatma Khaled

Egypt’s real estate sector is experiencing steady demand, encouraging the establishment of new projects and the setting up of investment funds, Invest-Gate reports.

Misr Italia Offers Feasible Payment Methods at Mousa Coast

• Monday, 24th April 2017
• by Fatma Khaled

Egypt’s real estate developer Misr Italia is offering feasible payment methods for its Mousa Coast project, where it is delivering beach-side chalets instantly following a 5% downpayment, Invest-Gate reports.

Majid Al Futtaim Seeks to Rely on Renewable Energy in 7.5% of Power Consumption

• Monday, 24th April 2017
• by Nayrouz Talaat

Emirati leading shopping mall, communities, retail and leisure pioneer Majid Al Futtaim is aiming to rely on renewable energy sources in 7.5% of its electricity consumption, Invest-Gate reports.

Talaat Mostafa Purchases Land for Development at New Capital

• Monday, 24th April 2017
• by Nayrouz Talaat

Talaat Mostafa, Egypt's largest listed real estate developer, has purchased 500 feddans (acres) for development in the country's New Administrative Capital, Invest-Gate reports.

Production At Iowa Fertilizer Company Starts, USA

• Thursday, 20th April 2017
• by Leena ElDeeb

Egyptian construction company Orascom is announcing that production and sales at its construction project Iowa Fertilizer Company is starting, the first world-scale greenfield nitrogen fertilizer plant to be built in the USA in more than 25 years, Invest-Gate reports.

Al Ahly for Real Estate Development Targets EGP 4 bn Contractual Sales

• Thursday, 20th April 2017
• by Nayrouz Talaat

Egypt’s Al Ahly for Real Estate Development Company Chairman Hussein Sabbour says that his company is targeting contractual sales of EGP 4 bn (USD 220.3 mn) in its different projects during 2017, Invest-Gate reports.

Aboul Fotouh Group to Launch Major Real Estate Project on Alexandria Road

• Thursday, 20th April 2017
• by Fatma Khaled

Aboul Fotouh Group, a prominent real estate developer and automotive oriented company, will launch a fully-integrated community on Cairo-Alexandria Road, Invest-Gate reports.

Palm Hills Developments records net sales of EGP 3.1 bn in Q1

• Wednesday, 19th April 2017
• by Nayrouz Talaat

Egyptian real estate developer Palm Hills Developments net sales are at EGP 3.1 bnfor Q1 of 2017, up by 58% y-o-y, Invest-Gate reports.