News / Egypt

Somabay Records 155% Surge in Profits in H1 2024

Somabay, a leading company in tourism investment and the developer behind the renowned Somabay peninsula, disclosed profits of EGP 102 mn in the first half of 2024, denoting a remarkable 155% surge compared to the corresponding period last year, Invest-Gate reports.

Residence Developments Highlights Opportunities in Egypt’s Expanding Real Estate Market

Wael El Shahed, CEO of Residence Developments, emphasized that despite the extensive urban development underway across Egypt, the opportunities available in the real estate market far exceed the current level of development, Invest-Gate reports.

Egy Holding Completes Construction of Epic Complex Project to Fitwel International Standards

Egy Holding Developments has proudly announced the successful completion of all construction phases for the groundbreaking "Epic Complex" project in the New Administrative Capital (NAC), marking a pioneering achievement as the first endeavor in Egypt and the Middle East to adhere to the stringent international standards set forth by the Fitwel Organization for promoting healthy and sustainable building practices, Invest-Gate reports.

NOVARA Launches 50% of “Rêve du nil” Project Amid High Customer Demand

NOVARA Real Estate Development has launched the first phase of its "Rêve du nil" project, receiving a strong response from potential buyers, Invest-Gate reports.

El Batal Developments Engages JLL for Integrated Property Management Services at Rock Gold Mall

El Batal Developments has engaged JLL, a global professional services firm specializing in real estate, investment management, and development consultancy, to oversee property management duties for Rock Gold Mall, the inaugural gold and beauty mall in the Fifth Settlement of New Cairo, Invest-Gate reports.

Wise Developments Launches in Egyptian Real Estate Market with Ambitious Plans

Wise Developments has officially entered the Egyptian real estate market, announcing plans to invest EGP 3 bn in diverse projects for the 2024-2025 fiscal year, Invest-Gate reports.

Mardev Developments Partners with Hilton to Launch Hilton Garden Inn Cairo New Zayed

Mardev Developments has entered a partnership agreement with Hilton to introduce Hilton Garden Inn Cairo New Zayed, Invest-Gate reports.

El Sherbini Monitors Work on “Housing for All Egyptians” Initiative in Hadayek El Asimah

Sherif El Sherbini, Egypt’s Minister of Housing, Utilities, and Urban Communities, reviewed the progress of the "Housing for All Egyptians" initiative in Hadayek El Asimah, Invest-Gate reports.

Housing Minister Reviews Progress on Units, Villas, Facilities, and Roads at Mazarine Compound, New Alamein City

Sherif El Sherbini, Minister of Housing, Utilities, and Urban Communities, has conducted an inspection of the ongoing construction activities encompassing residential units, villas, infrastructure projects, roads, site coordination, agricultural initiatives, and other developments within Mazarine Compound located in New Alamein City, Invest-Gate reports.

El Khalifa Group Unveils Cuadro Mall Project on Dahshur Link with Targeted Sales Value of EGP 1.5 Bn

El Khalifa Group, a prominent player in real estate development, has introduced its Cuadro Mall project, boasting investments exceeding EGP 500 mn and an anticipated sales value of EGP 1.5 bn, Invest-Gate reports.

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