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El Batal Developments Signs with Thyssenkrupp for Escalators at Rock Projects

El Batal Developments announced signing a contract with one of the leading firms, ThyssenKrupp, to provide elevators and escalators for the Rock Capital 1 project in the New Administrative Capital (NAC) and the Rock Gold Mall in the Fifth Settlement area, Invest-Gate reports.

ACUD Posts EGP 19.8 Bn Profits Pretax in 2022

The Administrative Capital For Urban Development (ACUD) achieved a pre-tax profits of EGP 19.8 bn during 2022, which accounts for 100% of the company's issued capital, Invest-Gate reports.

Madinet Masr Reports Impressive Financial Results in H1 2023

Madinet Masr reported impressive financial results for the H1 of 2023, ending June 30, 2023, during which the company witnessed substantial growth and significantly increased net profit, driven by soaring unit sales from new project launches and expansions, Invest-Gate reports.

El-Gazzar Inspects Progress on $2.9 Bn Tanzania’s Dam Project

Egypt's Housing Minister Assem El-Gazzar inspected progress on the $2.9 bn Julius Nyerere Hydropower Plant and Dam project in Tanzania being implemented by an Egyptian consortium, Invest-Gate reports.

Housing Minister Monitors Ongoing Projects in New Assiut City

Assem El Gazzar, Minister of Housing, Utilities, and Urban Communities, is closely following up on the progress of various projects being implemented in the New Assiut City in Upper Egypt, Invest-Gate reports.

KUD To Kick Off Operations in Egypt with EGP 2.7 Bn Project

Saudi Egyptian developer Kaizen Urban Developments (KUD) plans to launch its first projects in Egypt's western Cairo with EGP 2.7 bn in investments, Invest-Gate reports.

People & Places, LA7 Launch Region’s First Fitness-Themed Hotel

Renowned Developer People & Places partners with LA7, a fitness hub, to introduce the Middle East's first fitness and holistic wellness hotel, Invest-gate reports.

Madinet Masr Launches Innovation Labs to Support Real Estate Digitalization

Madinet Masr, Egypt's urban community developer, has launched Madinet Masr Innovation Labs to provide digital real estate solutions, Invest-Gate reports.

Prime Minister Monitors Investment Plans for “Abu Rawash” Zone in Giza

Mostafa Madbouly, the Prime Minister, met today to follow up on the investment plans for the "Abu Rawash" investment zone in Giza, Invest-Gate reports.

Cameroon Housing Minister Visits Egyptian Urban Projects

Cameroon's Minister of Housing and Urban Development Celestine Kecha and Cameroonian Ambassador Mohamadou Labarang visited development projects in Cairo including Maspero Triangle, Sur Magra El-Ayoun and Ain El-Sira Lake, Invest-Gate reports.

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