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Madinet Masr’s 9M Profit Reaches Record High Amid Robust Sales Growth

Madinet Masr, a prominent urban community developer in Egypt, reported record-breaking financial results for the first nine months of 2024, driven by the successful launch of new projects, Invest-Gate reports.

Housing Minister Issues Decision on Transfer of Authorities’ Heads in Several New Cities

Sherif El Sherbini, Minister of Housing, Utilities, and Urban Communities, has issued a decision outlining the reassignment of authorities’ heads across various new cities, Invest-Gate reports.

Housing Minister Appoints Walid Abbas as First Deputy Chairman of NUCA, Ahmed Abdel Razek as the Supervisor of the Minister’s Office

Sherif El Sherbini, Minister of Housing, Utilities, and Urban Communities, has issued a directive appointing Walid Abbas as the Chairman of the New Urban Communities Authority (NUCA), granting him the high rank, to undertake the responsibilities of the First Deputy Chairman of NUCA with an excellent rank, Invest-Gate reports.

MRS Development Introduces Boulevard Mall, Its Latest Project in New Cairo

MRS Development marked the inauguration of its latest venture in the Egyptian market, Boulevard Mall, a mixed-use project spanning 3,000 sqm in the esteemed El Banafseg area, located at the heart of the Fifth Settlement, Invest-Gate reports.

Golden Pillars Developments Partners with Arch Capital Construction for Engineering Design, Supervision of Largest Projects in the Medical City

Golden Pillars Developments has announced its partnership with Arch Capital Construction for the engineering design and supervision of its upcoming project set to launch shortly in the Medical City within the New Administrative Capital, with a total investment of EGP 1.7 bn, Invest-Gate reports.

Orascom Development Egypt Reports Strong Financial Results for Q3 2024

Orascom Development Egypt (ODE), a leading real estate company, has unveiled its exceptional performance during the first nine months of 2024, showcasing remarkable achievements and substantial growth in various financial metrics, Invest-Gate reports.

Awad to Discuss African Cooperation with UCLG Secretary-General

Minister of Local Development Manal Awad met with Jean Pierre Elong Mbassi, Secretary-General of the United Cities and Local Governments of Africa (UCLG Africa), during the 12th World Urban Forum held in Cairo from 4-8 November, Invest-Gate reports.

IMF Loan, FDI Boost Egypt’s Real Estate Market, Says JLL Report

Egypt’s path to macroeconomic stability, driven by foreign direct investment (FDI) and a recent USD 820 million loan from the International Monetary Fund (IMF), is sparking growth in Cairo’s real estate market, according to JLL’s Cairo Market Dynamics Overview for Q3 2024, Invest-Gate reports.

Housing Minister, Cairo Governor Monitor Progress of Projects Reviving Historic Cairo, Development Initiatives in the Governorate

Sherif El Sherbini, Minister of Housing, Utilities, and Urban Communities, held discussions with Ibrahim Saber, Governor of Cairo, during the third day of the 12th World Urban Forum to review the progress of projects aimed at revitalizing historic Cairo and the development initiatives being carried out by the Ministry of Housing within the governorate, Invest-Gate reports.

Marquee Developments Enters Egypt’s Market with European Investment

Marquee Developments, backed by European-Egyptian investment, has launched its operations in Egypt with a series of development projects nationwide, Invest-Gate reports.

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