MNHD Records 140% Increase in New Contracts in 2016

• Tuesday, 16th August 2016
• by Heba Eid

Madinet Nasr Housing and Development (MNHD), an Egypt-based real estate developer, released its second quarter financial statements, recording revenues of EGP 220.2 million.

SODIC Records Net Profit of EGP 158M in H1 2016

• Tuesday, 16th August 2016
• by Heba Eid

Sixth of October Development & Investment Company (SODIC), an Egypt-based real estate developer, recorded a net profit of EGP 97 million for the second quarter of 2016.

Abraj Misr Launches New Phase of North Coast’s The Shore Project

• Monday, 15th August 2016
• by Heba Eid

Abraj Misr, an Egypt-based real estate developer, launched a new phase of The Shore project in Ras El Hekma in the North Coast.

New Avenue, Premiere Financial Consultants Sign Cooperation Protocol Agreement

• Sunday, 14th August 2016
• by Heba Eid

New Avenue Real Estate, a real estate marketing and brokerage firm, signed a cooperation protocol with Premiere Financial Consultants Inc. to jointly implement projects and develop strategic alliances with investors and developers.

ARCO Egypt Launches EGP 2 B City Stars Al Sahel Project

• Sunday, 14th August 2016
• by Heba Eid

Al Arabia Real Estate and Development (ARCO Egypt), an Egypt-based real estate developer, launched the first phase of City Stars Al Sahel Project.

Azmeel Group Develops Beit Al Watan Project

• Wednesday, 10th August 2016
• by Heba Eid

Azmeel Group for Real Estate Development is developing the Beit Alwatan social housing project in New Cairo.

PHD, NUCA Join Forces on a 500 Acre Project

• Wednesday, 10th August 2016
• by Heba Eid

Palm Hills Development is scheduled to start construction on a joint project with the New Urban Communities Authority in early 2017, said its CEO Tariq Abdelrahman.

Egypt’s First Real Estate Development Chamber Elects Board

• Wednesday, 10th August 2016
• by Heba Eid

The real estate development chamber announced the results of its first board members elections.

Emtelak Unveils EGP 1.6 B Project in Ain Sokhna

• Monday, 8th August 2016
• by Heba Eid

Emtelak Real Estate and Development is launching an EGP 1.6 billion tourist hotel project in Ain Sokhna, announced its managing director Ziad El Emam.

Developers Compete for Zayed Crystal Spark Project Using PPP

• Monday, 8th August 2016
• by Heba Eid

Several leading real estate developers have submitted proposals to the New Urban Communities Authority for the Zayed Crystal Spark Project to be established using the public-private partnership system.