News / Developers

Sorouh Gets Ministerial Approval for NAC’s Entrada Compound

Egypt-based property developer Sorouh Developments has obtained a ministerial approval for implementing Entrada residential project, which spans over 72 acres, in the New Administrative Capital (NAC).

SECON to Start Implementing New Project in NAC by H2 2019: CEO

Saudi Egyptian Construction Company (SECON) has announced plans to start implementing a new residential project named Bleu Vert in the New Administrative Capital (NAC) during the second half of 2019.

ODE Sells Stakes in Makadi to Reduce Debt Balance

Orascom Development Egypt (ODE) has finalized the sale of its stakes in two hotels and a land plot in its Makadi destination on the Red Sea coast, attempting to reduce its debt balance

ALDAU Development Kicks Off First Open Art Exhibition in Hurghada

Egypt's hospitality and property developer ALDAU Development, member of Sami Saad Holding, has opened its newest talent hub and the first walkaway in Hurghada, ALDAU Art Promenade, whereby it aims to become a supporter for innovation, creativity, and local artists.

Mostakbal City to Have New Educational Project

El Mostakbal for Urban Development has signed a contract on December 24 with Egypt's Advanced Educational Services to develop an educational project inside Mostakbal City in east Cairo

City Edge to Invest EGP 1 bn in Sheikh Zayed’s Etapa in 2019

City Edge Developments CEO Amr El Kady says his company intends to pump EGP 1 bn investments in Sheikh Zayed's Etapa project in west Cairo next year

Marseilia Group, Amlak Finance Ink MoU for Urban Project in Nasr City

Marseilia Real Estate Investment Group has signed a memorandum of understanding (MoU) with UAE's Amlak Finance to develop a new urban project in Nasr City

MBG Mulls Building Medical Center in NAC: Chairman

Chairman of MBG Development Mahmoud Al Adl unveils developer intends to launch an international medical center in the New Administrative Capital (NAC), expecting to reach an agreement with the Administrative Capital for Urban Development (ACUD) before year-end

OIH Completes 30% Acquisition of Sarwa Capital

Egypt-based Orascom Investment Holding (OIH) has announced acquiring 30% (or about 216 mn shares) of structured- and consumer-finance player Sarwa Capital

Middle East’s First EDITION Hotel Debuts in Abu Dhabi

Marriott International, together with American hotelier and real estate developer Ian Schrager, has announced bringing the Middle East’s first EDITION hotel to Bloom Holding's Bloom Marina mixed-use development in Abu Dhabi, marking the brand's debut in the UAE and in the Middle East as a whole

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