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Residence Developments Rebrands in Anticipation of New Project Launches

Residence Developments has rebranded itself to align with the company’s forward-looking vision, aiming to embark on an array of distinguished urban projects in the near future, Invest-Gate reports.

ACUD Achieves EGP 26 Bn Profits in FY 2023

The General Assembly of the Administrative Capital for Urban Development (ACUD) has approved and endorsed the financial statements, including the budget, profit and loss account, for the company in the fiscal year of 2023, Invest-Gate reports.

Safwa Urban Development Introduces “SUD Pixel” Project in Fifth Settlement

Safwa Urban Development (SUD) has unveiled its latest venture, "SUD Pixel," following the triumph of its projects in the New Administrative Capital (NAC), Obour, and the Delta regions, Invest-Gate reports.

Housing, Local Development Ministers Meet with UN-Habitat Regional Director to Monitor Preparations for Egypt to Host WUF12

Sherif El Sherbini, Minister of Housing, Utilities, and Urban Communities; Manal Awad, Minister of Local Development; and Rania Hedeya, the Regional Director of the United Nations Human Settlements Programme (UN-Habitat), convened an extensive meeting to oversee the arrangements for Egypt's hosting of the 12th session of the World Urban Forum (WUF12) this coming November in collaboration with UN-Habitat, Invest-Gate reports.

Housing Minister Explores Strategies to Enhance City Edge Developments’ Role in Real Estate Development, Marketing

Sherif El Sherbini, Minister of Housing, Utilities, and Urban Communities, has convened a meeting with officials from City Edge Developments to discuss strategies and proposals aimed at bolstering the company's position as a key arm of the Ministry of Housing in real estate development and marketing, Invest-Gate reports.

e& Business to Become Key Technology Provider for Zaytoun Development’s Projects

Zaytoun Development has announced the signing of a strategic cooperation agreement with e& Business, being part of e& Egypt, to provide advanced technologies for its projects in the New Administrative Capital.

Maalem Group Introduces Malaga Project on Sidi Abdel Rahman with Nearly EGP 20 Bn in Investments

Maalem Group has unveiled an integrated expansion strategy aimed at executing significant ventures, notably the Malaga project spanning 105 feddans in the prestigious locale of Sidi Abdel Rahman on the North Coast, with investments close to EGP 20 bn, Invest-Gate reports.

Al Ahly Sabbour Developments Sales Surge 400% to Reach EGP 25.5 Bn in H1 2024

Al Ahly Sabbour Developments has announced achieving sales worth EGP 25.5 billion in the first half of 2024 (H1 2024) out of a total annual sales target of EGP 30 billion, compared to EGP 6 billion during the same period of the previous year, an increase of more than 400%.

Housing Ministry Offers 1,450 Units in 6 New Cities in Tenth Supplementary Phase of “Beit Al Watan” Project

Sherif El Sherbini, Minister of Housing, Utilities, and Urban Communities, has announced the launch of the tenth supplementary phase of the “Beit Al Watan" project tailored for Egyptians abroad, Invest-Gate reports.

Madinet Masr’s H1 2024 Contracted Sales Surge Four-Folds YoY to EGP 20.9 Bn, with Net Profits of Over EGP 1 Bn

In an announcement of its latest standalone financial results for the six-month period ending on June 30, 2024 (H1 2024), Madinet Masr, one of Egypt’s top urban community developers, has reported gross contracted sales of EGP 20.9 billion and a net profit of EGP 1.5 billion.

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