News / Investment

Majid Al Futtaim Opens First Supeco Store in Fayoum, Advancing Expansion Strategy in Upper Egypt

Majid Al Futtaim, a leading pioneer in shopping malls, communities, retail, and leisure across the Middle East, Africa, and Asia, has announced the opening of its latest Supeco store, the first in the Fayoum Governorate, with investments exceeding EGP 36 mn, Invest-Gate reports.

Hilton Plans to Open 25 New Hotels in Egypt

Hilton aims to triple its presence in Egypt, with plans to open 25 hotels across the country in the next few years, including the signing of more than 10 new properties under the global hospitality company’s award-winning brands, Invest-Gate reports.

Prime Minister Monitors Development Progress in Ras El Hekma and Resettlement of Families in Shams El Hekma Area

Dr. Mostafa Madbouly, the Prime Minister of Egypt, held a meeting today to assess the progress of development projects in Ras El Hekma and the resettlement of families within the Shams El Hekma area, Invest-Gate reports.

“Lusail: Margins Developments’ 15 Billion EGP Investment in New Cairo”

Eng. Ashraf Shahin, the Vice Chairman of Margins Developments, noted that the project spans 35 feddans, with a construction ratio of just 16% of the total area, leaving ample green spaces for residents to enjoy, Invest-Gate reports.

TOREC Developments Has Launched Construction Projects Worth 750 Million EGP in 2024

TOREC Developments, a subsidiary of the New Urban Communities Authority, has intensified its construction activities on various projects it is developing for itself and for the Authority throughout 2024, Invest-Gate reports.

Belton Leasing and Factoring Strengthens Its Regional Role by Joining FCI

Belton Leasing and Factoring, a subsidiary of Belton Holding, has officially announced its membership in FCI, a leading global entity representing factoring services and financing for international trade stemming from accounts receivable related to open account transactions, Invest-Gate reports.

The Board of Directors of the New Urban Communities Authority has approved a mechanism to manage shops located in areas with low population density.

During a meeting chaired by Eng. Sherif El-Sherbiny, the Minister of Housing, Utilities, and Urban Communities,
a mechanism to manage shops located in areas with low population density was approved. This step comes to enhance the delivery of various services to residents of new cities, boost attractiveness, and increase occupancy rates, Invest-Gate reports.

Dubai Breaks Records with the World’s Largest Airport

Dubai has once again rewritten the rulebook with the unveiling of the world’s largest airport, a groundbreaking development that cements the city’s status as a global leader in innovation and luxury, Invest-Gate reports.

Saudi Arabia Requires 115,000 New Homes Annually to Achieve 2030 Homeownership Goal

Knight Frank stated in a recent report that Saudi Arabia may need to construct 115,000 homes annually over the next six years to meet the growing demand from young people and achieve the goals of Saudi Vision 2030, which aims to raise home ownership to 70%, Invest-Gate reports.

Announcing a Major Partnership to Transform Workspaces in Alburouj Business Park, East Cairo

IMKAN Misr partners with MQR, a leading innovator in flexible workspace solutions, to elevate office environments at Alburouj Business Park, the first fully integrated commercial district in New Heliopolis, Invest-Gate reports.

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