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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.

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.

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