News / Developers

Palm Hills to Raise The Crown’s Credit Facility Limit

Egypt-based Palm Hills Developments' board has approved increasing the credit facility limit for The Crown compound, west Cairo, to EGP 1.24 bn from EGP 852 mn

Hyde Park to Pump EGP 4 bn in Two Projects

Egypt's Hyde Park Developments has announced plans to invest EGP 4 bn in two mega projects, namely Hyde Park in New Cairo and Coast 82 in the North Coast

Orascom Hotels, Thomas Cook Ink Deal for New Hotels in El Gouna

Orascom Development Holding's hotel subsidiary Orascom Hotels Management (OHM) inked on December 19 an agreement with global travel company Thomas Cook Group to establish a new beachfront hotel property in El Gouna, in addition to rebranding another hotel in the area

First Group to Fully Deliver KENZ Compound by 2020

First Group for Real Estate Investment has announced plans to deliver the units of KENZ compound in 6th of October City by 2020, at an investment value of EGP 800 mn

Majid Al Futtaim Debuts World’s First Sail-Thru Supermarket in Dubai

UAE-based retail giant Majid Al Futtaim has unveiled the "Carrefour Bites and More by the Shore," the world’s first sail-thru supermarket, to serve yachts and beachgoers in Dubai

Orascom to Provide Tourist Facilities at Giza Pyramids

The Supreme Council of Antiquities (SCA) has signed a contract with Orascom Investment Holding on December 13 to provide and operate high-quality services and facilities at the area surrounding the Pyramids of Giza, retaining the council's authority over the area

ODE, NUCA Ink Final Agreement to Co-Develop 1,000 Acres in West Cairo

Orascom Development Egypt (ODE) has signed the final agreement with the New Urban Communities Authority (NUCA) to co-develop a 1,000- acre integrated community project in 6th of October City, west Cairo based on a revenue-sharing model

Egyptian Resorts’ Bay Village Sees Strong Demand

The Egyptian Resorts Company (ERC) has announced recording a significant growth in contracted sales and reservations at its latest Sahl Hasheesh development, Bay Village, since its launch in October

DM Developments Debuts 2nd Phase of The Groove

Egypt's property developer DM Developments has announced launching the second phase of The Groove in Ain Sokhna, dubbed "The Waterfront," encompassing 320 housing units

Nakheel’s AED 670 mn JV Resort Begins Taking Shape

Dubai-based developer Nakheel and Spain's RIU Hotels and Resorts have revealed that their AED 670 mn beachfront resort on Deira Islands started taking shape, with all accommodation floors pretty much done and roofing work underway

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