News / Egypt

Madinet Masr Signs MoU with Al Shorouk Construction under EGP 4.8 Billion MoU to Advance Residential Works within Elan at Sarai

Madinet Masr (EGX: MASR.CA) has announced the signing of a Memorandum of Understanding (MoU) with Al Shorouk Construction Company a subsidiary company of DAR Group to execute a number of residential buildings works within “Elan” at Sarai. This step comes as part of Madinet Masr’s strategy to accelerate construction activity and execution rates across its flagship developments in East Cairo, supporting the company’s expansion plans and enhancing overall delivery efficiency, Invest-Gate reports.

Gates Developments Signs a Strategic Partnership with SDC, Owner of the “FARIDA” Platform for Fractional and Full Real Estate Sales, to Enhance its Projects with Integrated Residential and Hospitality Services.

SDC will operate and manage hotel apartments under the Luxor Hospitality brand in the “Catalan” and “Venia” projects in the New Capital.

Gates Developments announced the signing of a strategic partnership with the “Sakr” Real Estate Investment Fund (SDC), owner of the “FARIDA” platform, aiming to provide an integrated residential and hospitality experience across several of its key projects in the New Capital, West Cairo, and the North Coast. This partnership comes within Gates Developments’ vision to enhance added value and improve the experience for clients and end-users, Invest-Gate reports.

Empire State Developments Achieves 40% Construction Progress on its First New Capital Project

Empire State Developments advances construction at El Centro Business Park, reaching 40% completion.

Empire State Developments announced that it has reached 40% construction completion on its first project, El Centro Business Park, located in Downtown area at the New Capital. This milestone is part of the company’s strategy focused on actual execution and strict timelines, reflecting a clear commitment to establishing itself as a serious player in the Egyptian real estate market, Invest-Gate reports.

Beltone Holding Acquires Baobab Group in a Landmark Deal to Build a Pan-African Financial Platform

Beltone Holding announces the successful completion of a strategic acquisition through which Beltone Capital, a wholly owned subsidiary of Beltone Holding, has acquired 100% of Baobab for a total of 197.6 million. The transaction marks Beltone’s first cross-border acquisition and the largest deal in the company’s history, underscoring management’s commitment to creating sustainable shareholder value through disciplined expansion into high-potential markets, Invest-Gate reports.

PORTO FC Promoted to Second Division (B) After an Exceptional Season, Highlighting Strong Institutional Planning and Teamwork

PORTO FC, part of the PORTO Sports Clubs under Amer Group, achieved a new milestone in its football journey after earning promotion from the Third Division to the Second Division (B). The promotion came following a well-deserved 3–1 victory over El Tal El Kabir, allowing the team to secure the top spot in Group Seven and officially confirm promotion with four rounds remaining in the competition, Invest-Gate reports.

Midar Awards 24 Prizes Worth EGP 2 Million to Top Participants at Book Fair 57

Midar, golden sponsor of Cairo International Book Fair 57, awarded 24 prizes worth EGP 2 million to top participants, honoring outstanding artistic and cultural contributions while supporting culture and knowledge in Egypt.

Talaat Moustafa Group Holding Signs Strategic Partnership Agreement with Egypt Education Platform (EEP)

Talaat Moustafa Group (TMG) is pleased to announce the signing of a strategic partnership agreement with Egypt Education Platform (EEP), the largest and fastest-growing education services provider in Egypt, owned by the Egypt Education Fund, which is managed and backed by EFG Hermes, Invest-Gate reports.

Torasna and Brassbell Form Strategic Alliance to Drive Heritage-Led Hospitality Developments in Egypt

Torasna and Brassbell Hospitality Group announce a strategic alliance to develop heritage-led hospitality projects across Egypt, unlocking the cultural, economic, and experiential potential of iconic properties while supporting the country’s record tourism growth.

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