News / Developers

Capital Group Properties Inaugurates Alburouj Cultural Hub

Capital Group Properties (CGP), owned by Abu Dhabi Capital Group (ADCG) and Al Ain Properties, has announced the inauguration of "Alburouj Cultural Hub" at its Alburouj project in El Shorouk city

Edge Holding Plans to Invest EGP 25 bn in New Projects

Egypt-based Edge Holding for Urban Development plans to invest nearly EGP 25 bn in Egypt's real estate market in the next 10 years, intending to implement residential skyscrapers in New Alamein as well as another project in Ain Sokhna

Emaar Misr Launches 2nd Phase of Mivida Business Park

Emaar Misr has launched the second phase of Mivida Business Park in Mivida’s fully-integrated community in New Cairo, presenting a modern twist in commercial office spaces

Nozha Group Plans to Invest EGP 3 bn in Tourism Sector

Nozha Group CEO Abdallah Al Maghraby said his company is eyeing investments worth about EGP 3 bn in touristic and real estate projects in Cairo as well as Ras Sudr in Southern Sinai

Castle Landmark’s 1st Phase is 80% Sold Out: CEO

Castle Development CEO Ahmed Mansour revealed on October 18 that the company has sold 80% of its new capital smart residential compound's first phase, Castle Landmark, with foreign buyers acquiring almost half of the achieved sales

Marakez Pays Off Mall of Arabia’s EGP 2 bn Loan

Marakez for Real Estate Investment, a subsidiary of Saudi Arabia’s Fawaz Alhokair Group, has fully paid off Mall of Arabia's EGP 2 bn credit facility to the Commercial International Bank (CIB) and other banks, "enabling the mall to operate debt free"

SODIC Intends to Acquire At Least 51% of MNHD

Sixth of October for Development and Investment (SODIC) announced its preliminary intentions to submit a mandatory tender offer to acquire at least 51% stake in Egypt’s urban developer Madinet Nasr Housing and Development (MNHD) through a direct share swap (securities swap only)

Hassan Allam Properties Releases New Units in Swanlake El Gouna

Egyptian developer Hassan Allam Properties (HAP) announced on October 14 the launch of new units in its fully integrated community of “Swanlake El Gouna” in Egypt’s Red Sea coast

Marriott International to Expand Its Portfolio in UAE

Marriott International expects to end 2018 with the addition of 11 new properties and over 2,600 guestrooms added to its UAE portfolio, alongside a robust development outlook over the next five years

Misr Italia Properties Unveils 2nd Residential Project in New Capital

Egypt’s property developer Misr Italia Properties has launched its second premium residential compound in the New Administrative Capital, VINCI, offering the utmost elegance and luxury living

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