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Madinet Masr Records Impressive Net Profit of EGP 1.4 bn in First Nine Months of 2023

Madinet Masr announced its standalone financial results for the nine-month period ending September 30, 2023 (9M 2023), reporting a net profit of EGP 1.4 bn and total revenue of EGP 4.4 bn, Invest-Gate reports.

Chinese Ambassador in Cairo Joins 10th of Ramadan City Head at Haier Egypt Complex Event

Alaa Manea, Head of the 10th of Ramadan City Development Authority, and officials from the authority, participated in the completion event of the main buildings of the Haier-Egypt Chinese industrial complex in the 10th of Ramadan City, Invest-Gate reports.

Ministry of Housing Develops New Electronic System for Streamlined Project Monitoring Across Affiliated Agencies and Sectors

Assem El-Gazzar, the Minister of Housing, Utilities, and Urban Communities, has announced the development of a new electronic system to monitor and manage projects across all agencies and sectors under the ministry, Invest-Gate reports.

Misr Italia Properties’ Contractual Sales Soar 57% YoY in 9 Months

Egyptian real estate developer Misr Italia Properties has announced it has exceeded its full-year 2023 sales target in just the first nine months, achieving over EGP 11 bn in contractual sales, recording a 57% year-on-year surge, Invest-Gate reports.

El Wardany Developments Launches Its 14th Project in New Cairo’s Sixth District

El Wardany Developments, one of the leading real estate companies in the Egyptian market, has announced the launch of its 14th project in the Sixth District of New Cairo, Invest-Gate reports.

Magnom Properties, Designworks Join Forces to Revolutionize Sustainable Design in the Middle East

Magnom Properties, a subsidiary of Rawabi Holding in Saudi Arabia, recently forges a significant partnership with Designworks, a renowned innovation studio under BMW Group, to enhance the exterior and charging experience of the ambitious Forbes International Tower, Invest-Gate reports.

Assistant Minister of Housing Leads Coordination Meeting for WUF12 Organizing Committee in Cairo 2024

Abdul Khaliq Ibrahim, Assistant Minister of Housing for Technical Affairs, chaired a coordination meeting for the main organizing committee of the 12th edition of the World Urban Forum, WUF12, scheduled in Cairo in November 2024, Invest-Gate reports.

Saudi Egyptian Real Estate Conference to Kick Off on 23 November

Egypt's Minister of Housing, Utilities and Urban Communities Assem El-Gazzar and his Saudi counterpart will open the Saudi Egyptian Real Estate Conference (SEREC), which will be held on the sidelines of the 11th Nile Property Expo exhibition on Thursday, 23 November, Invest-Gate reports.

Tatweer Misr, AAIB Ink EGP 3.5 bn Facility Contract to Boost Construction of IL Monte Galala, Bloomfields Projects

Tatweer Misr, a leading real estate development company in Egypt, has signed a medium-term facility contract worth EGP 3.5 bn with the Arab African International Bank (AAIB), Invest-Gate reports.

El-Gazzar Participates in Aquatech Exhibition in Amsterdam

Assem El-Gazzar, the Minister of Housing, Utilities, and Urban Communities, has attended the Aquatech exhibition in Amsterdam, the Netherlands, Invest-Gate reports.

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