News / Investment

Market Cap of Listed Real Estate Firms Hits EGP 80.2 bn: Official

Chairman of Egyptian Stock Exchange (EGX) Mohamed Farid said Egypt’s property sector has managed to log a market capitalization of at least EGP 80.2 bn in 2018, with 36 real estate firms listed at an 18% return on equity, emphasizing the pivotal role of listing in real estate development.

Egypt Extends 248 Opportunities to Step Up Local Industrialization

Egypt is currently adopting a program that aims to step up local industrialization, under Egypt Vision 2030 and Egypt 2020 Industrial Development Strategy, which provided 248 investment opportunities in only six months, with a market value of USD 20 bn.

Egypt Secures EGP 7.5 mn Grant for Japanese Schools

Egypt and Japan inked on May 30 an EGP 7.5 mn agreement to back the Egypt-Japan School (EJS), bringing the size of cooperation between both countries in the field of education to USD 285 mn (nearly EGP 4.761 bn)

CBE Says Egypt’s Foreign Trade Exchange Rose 11.3% in H1 2019

The Central Bank of Egypt (CBE) said on May 23 the volume of Egypt's foreign trade exchange recorded EGP 47.7 bn in the first half of FY 2018/19 versus EGP 42.85 bn in the year-ago period

Egyptian Hotel Market Sees 34% Growth in Q1 2019: Colliers

Colliers International's "MENA Hotel Forecasts" 2019 report has presented a positive outlook for the performance of the Egyptian hotel market, asserting that the country's hotel market has witnessed 34% growth in Q1 2019

The Address Investments Eyes EGP 3 bn Sales for Developers in 2019

The Address Investments Real Estate Consultancy targets sales worth EGP 3 bn for developers this year.

Trulia Inks Deals to Market Projects of 30 Developers

Trulia for Real Estate has contracted with a group of leading real estate developers in Egypt to market their residential, commercial and coastal projects, with plans to include more projects in its marketing portfolio

Egypt’s Property Prices Hike by 75% Since EGP Flotation

Real estate prices in the Egyptian market have hiked by an average of 75% since the EGP flotation in November 2016 until now, backed by rises in implementation costs and materials.

AccorHotels Plans to Open Over 30 Hotels in Egypt Within 2 Yrs

AccorHotels CEO for Middle East and Africa Mark Willis announced plans for opening 60 new hotels in 14 countries in Africa in the next four years

Egyptian Association for Realtors to be Registered in 1M

Hashim El Kady, a member of the Egyptian Association for Realtors, said the legal procedures for the association's registration are expected to be completed within one month.

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