News / Investment

ERA Eyes EGP 3.6 bn Sales for Developers in 2019

ERA Real Estate Egypt targets achieving sales worth EGP 3.6 bn for property developers in 2019, compared to EGP 3 bn in 2018.

Maxim Invests EGP 14 bn in North Coast’s Bo Islands

Egypt's property developer Maxim Investment Group has pumped investment worth EGP 14 bn in Bo Islands, its latest project in Sidi Abdelrahman, North Coast, on the back of its plans to fully deliver it by 2022.

First Proptech Company Sets Up in Bahrain

The first property technology (proptech) company, Estater, has been recently introduced to the Bahrain real estate market, aiming to be deemed a revolutionary real estate technology concept and coming in line with the state's efforts to turn the kingdom into a major technology hub.

El Batal Pumps EGP 9 bn into Egyptian Property Market

El Batal Group for Housing and Development has revealed that its total investments in the Egyptian real estate market reached around EGP 9 bn so far.

SODIC to See Investments Worth EGP 5.15 bn in 2019

Sixth of October Development and Investment (SODIC) has announced plans to pump EGP 5.15 bn worth of investments into its development projects during 2019.

Sorouh to Invest EGP 1.5 bn in NAC’s Entrada Avenue Mall

Egypt's Sorouh Developments intends to inject investments worth EGP 1.5bn in Entrada Avenue Mall this year.

Port Said Free Zone Sees EGP 2.5 bn FDIs: Minister

Minister of Investment and International Cooperation Sahar Nasr has announced that the number of projects being developed in Port Said Public Free Zone reaches 1,090 developments, with a combined capital of USD 12.5 bn and USD 2.5 bn worth of foreign direct investments (FDIs).

Now is Right Time for Real Estate Investment in Egypt: Savills

International property advisor Savills has emphasized that now is the right time for real estate investment in Egypt, pointing out that the Egyptian economy is booming and progressing and investments in the country's property sector are growing at a fast pace.

Egypt’s Residential Properties to See Continued Demand: Experts

Prices of residential properties in Egypt are set to continue hiking in 2019, despite the rising trends geared towards decreasing prices, including the provision of smaller properties, more flexible payment methods, and the emerging demand on Egyptian real estate from foreign buyers.

Eight Russian Firms to Operate in Russian Industrial Zone

Eight Russian companies signed on February 20 memorandum of understandings (MoUs) with Andrey Slepnev, director general of the Russian Export Center, in the attendance of Chairman of Egypt's Suez Canal Authority and General Authority for the Suez Canal Economic Zone (SCZone) Mohab Mamish, to operate in the Russian Industrial Zone, east of Port Said.

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