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Minister of Housing, South Sinai Governor Monitor Progress of Collaborative Projects in Housing, Water, Sanitation, and Development

Assem El-Gazzar, the Minister of Housing, Utilities, and Urban Communities, along with Major General Khaled Fouda, the Governor of South Sinai, conducted a meeting to discuss joint projects in the governorate, Invest-Gate reports.

Al Marasem Development Launches Mar Ville Project

Al Marasem Development has unveiled its latest integrated project, Mar Ville, in the new Sheikh Zayed City, spanning over 111 acres with investments exceeding EGP 24 bn, Invest-Gate reports.

El-Gazzar Takes Action to Reclaim 30,000 sqm of Land in New Suez, Removing Encroachments

Assem El-Gazzar, the Minister of Housing, Utilities, and Urban Communities, has announced the successful removal of encroachments on 10,000 sqm of land with a total value of EGP 17.5 mn, as well as the recovery of an additional 19,660 sqm of land valued at EGP 18 mn in New Suez City, Invest-Gate reports

El Gouna Half Marathon Attracts 800 Runners from 34 Countries

The Red Sea resort town of El Gouna, along with event organizer The Tri-Factory, launched the fifth edition of the El Gouna Half Marathon on Saturday, Invest-Gate reports.

Minister of Sports, cred Ink Protocol to Reward 2024 Olympics Medalists

Minister of Sports and Youth Ashraf Sobhy has signed a cooperation protocol with cred Developments to support Egyptian 2024 Paris Olympics medallists, Invest-Gate reports.

AAA Consultancy, Claro EG Sign MoU for Real Estate Services

AAA Consultancy, a leading Egyptian cost consultancy regulated by (RICS), and Claro EG, have officially inked a memorandum of understanding (MoU), Invest-Gate reports.

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.

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