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Orascom Development Egypt Reports Strong Financial Results for Q2 2024

Orascom Development Egypt (ODE) has reported exceptional operational and financial performance, with a significant surge in net profit for Q2 2024, up by an impressive 210% to EGP 1.9 bn, resulting in a H1 2024 net profit of EGP 943 mn, Invest-Gate reports.

Zaytoun Development Partners with Inspire for Inizio Project Management, Operation

Zaytoun Development has announced a new collaboration with Inspire Management and Operation Company, further enriching the roster of successful partners involved in the company's groundbreaking project, Inizio, located in the New Administrative Capital (NAC), Invest-Gate reports.

PM Assesses Investment Opportunities to Expand Hotel Room Capacity

Prime Minister Mostafa Madbouly has convened a meeting at the government headquarters in New Alamein City to assess the investment opportunities within land parcels capable of accommodating approximately 250,000 hotel rooms, aimed at hosting 30 million tourists annually, a key priority for the government at present, Invest-Gate reports.

Misr Real Estate Assets Management Launches Electronic Collection Services Through POS Machines

Misr Real Estate Assets Management, one of the companies of Misr Insurance Holding Company affiliated with The Sovereign Fund of Egypt, has announced its intention to introduce an electronic collection service through point-of-sale (POS) machines, as the first company in this field to launch this service.

Al Qamzi Developments, Rebuillion Join Forces in Eastshire Project, New Cairo 

Al Qamzi Developments has signed a contract with Rebuillion for Projects worth over EGP 700 million to carry out work in the second and third phases of Al Qamzi’s Eastshire project in the Fifth Settlement area of New Cairo.

Housing Minister Monitors Progress of “Housing for All Egyptians” Units, Latin Quarter in New Alamein City 

Minister of Housing, Utilities, and Urban Communities Sherif El Sherbini has conducted a tour to review the progress of units that are part of the presidential initiative “Housing for All Egyptians”, in addition to following up on works in New Alamein City’s Latin Quarter.

ACUD, International Universities to Add Four More Governorates to “100 Dreams for the Future… Education in the Administrative Capital” Scholarships Program

As part of the “100 Dreams for the Future... Education in the Administrative Capital” initiative, the Administrative Capital for Urban Development (ACUD) has convened a coordination meeting with participating universities to discuss the details of new scholarships, where a decision was taken to add four other border governorates to the program, namely North and South Sinai, Marsa Matrouh, and New Valley.

Premier Development Introduces “SANSA” Project in the North Coast with EGP 1.5 Bn Investment

Premier Development has unveiled its latest venture, "SANSA," in the North Coast, with total investments amounting to EGP 1.5 bn, situated in one of the most distinguished locations in the region, Invest-Gate reports.

Mito Consult Selected as Electromechanical Consultant for Giza Zoo Development Project

Tamer Mito, Chairman of the engineering consulting office Mito Consult, has affirmed the office's intentions to expand into foreign markets in the near future, leveraging its robust expertise and highly skilled workforce, alongside the burgeoning investment prospects in several countries within the region, Invest-Gate reports.

Anchor Developments Unveils Third Project in NAC with Record-Breaking Sales in One Day

Anchor Developments has unveiled its latest venture, "La Passage d’Anchor," in the New Administrative Capital (NAC), marking its third project in the city, Invest-Gate reports.

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