Mall of Egypt, City Center Alexandria, City Center Maadi Save Approximately 2000 kWh for Earth Hour

• Wednesday, 19th April 2017
• by Nayrouz Talaat

Mall of Egypt, City Centre Maadi and City Centre Alexandria, owned by Majid Al Futtaim, are saving approximately 2000 kWh as part of the global Earth Hour movement, Invest-Gate reports.

Aqarmap: Egyptian Expats’ Demand on Real Estate up by 2%

• Wednesday, 19th April 2017
• by Fatma Khaled

Egyptian expats’ demand for real estate increased by 2% in March following a six-month stagnation period, Invest-Gate reports.

Ghasan Holding Group to Invest in Egypt’s Housing, Tourism Projects

• Tuesday, 18th April 2017
• by Nayrouz Talaat

Saudi Investor and owner of Ghasan Holding Group,  Ghasan bn Abdallah bn Ali El-Nemr, is aiming to pump more investments in housing and tourist projects in Egypt, Invest-Gate reports.

Egypt Property Show Kicks Off Global Roadshow in Dubai

• Saturday, 15th April 2017
• by Nayrouz Talaat

Egypt Property Show (EPS), the first Egyptian real estate global roadshow featuring premium development from Egypt’s top developers, will kick off in Dubai from May 5 to 7 at the Dubai World Trade Centre, Invest-Gate reports.

ODH Posts Gross Profit Of CHF 11.3 mn, Net Loss Of CHF 196.4 mn, 2016

• Wednesday, 12th April 2017
• by Leena ElDeeb

Orascom Development Holding (ODH) posts gross profit of CHF 11.3 mn and net loss of CHF 196.4 mn in 2016 compared to a gross profit of CHF 71.1 mn and a net loss of CHF 19.1 mn a year earlier, Invest-Gate reports.  

Increase in Traffic on OLX Properties from Egyptian Expats After EGP Float

• Wednesday, 12th April 2017
• by Nayrouz Talaat

Egyptian expats in Saudi Arabia have the highest online demand on OLX Properties, accounting for 56 per cent of overall traffic, especially after the Egyptian government floated the EGP last November, Invest-Gate reports.

SODIC Signs 1.3 bn Deal with AAIB to Finance SODIC West Project

• Tuesday, 11th April 2017
• by Leena ElDeeb

Egypt’s real estate developer SODIC announces that it has signed a medium term facility package worth EGP 1.3 bn with the Arab African International Bank to expedite construction works at its mixed-use development in Sheikh Zayed SODIC West, Invest-Gate reports.

PHD Inks EGP 852 mn Loan To Finance 190 Feddans, West Cairo

• Tuesday, 11th April 2017
• by Leena ElDeeb

Egypt’s real estate developer, Palm Hills Developments (PHD), signs a syndicated medium term loan agreement worth EGP 852 mn with the aim of partially financing the recently-acquired 190 feddans in West Cairo, Invest-Gate reports.                       

First Residence Launches Second Phase of Mangroovy Residence in El-Gouna

• Sunday, 9th April 2017
• by Menna A. Farouk

Egypt’s real estate developer First Residence for Real Estate Development launches the second phase of the Mangroovy Residence in El-Gouna, the Red Sea, Invest-Gate reports.

Al-Ahly for Real Estate Invests EGP 4 mn in 2017

• Sunday, 9th April 2017
• by Menna A. Farouk

Egypt’s prominent real estate developer Al-Ahly for Real Estate (Sabbour) is to invest 4 mn EGP in the country’s property market in 2017, Invest-Gate reports.