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Beltone Leasing Signs EGP 500 Mn Sale-and-Leaseback Agreement With Hassan Allam Properties

Beltone Leasing, a unit of Beltone Financial Holding, signed an EGP 500 mn sale-and-leaseback agreement with Hassan Allam Properties Group to finance assets for two subsidiaries, Invest-Gate reports.

Palm Hills Development’s Sales Surge 22% YoY in Q1 2023

Palm Hills Development achieves EGP 6.8 billion in new sales during the first quarter (Q1) of 2023, a 22% increase compared to EP 5.5 billion in the year-ago period, Invest-Gate reports.

Al-Borouj Misr Taps Savills to Manage Business Park Project 

Al-Borouj Misr Developments signs a contract for Savills Egypt to manage, operate and lease the Sixty Business Park and Sixty Business Corporation projects in the New Administrative Capital, Invest-Gate reports.

Egypt Offers Perks to Lure Investment in New Cities

Egypt’s New Urban Communities Authority approved incentives for real estate investors, including increased land use in new cities, Invest-Gate reports.

Badya Pushes Palm Hills’ Sales 22% Higher in Q1 2023

Yassin Mansour, chairman of Palm Hills Development Co., says the company’s sales rose 22% in the first quarter, driven by a 54% increase in sales at the Badya development, Invest-Gate reports.

Redcon, Honeywell Sign MoU for Sustainable Golden Gate

Redcon Properties, the newly established arm of Redcon Group, signs a Memorandum of Understanding (MoU) with Honeywell to incorporate smart sustainability solutions at Golden Gate, Invest-Gate reports.

10th Meeting of the Africa Ministerial Cooperative Conference’s Technical Committee Succeeds by GV Sponsorship

Walid El-Baroudi, Chairman of the General Authority for Construction and Housing Cooperatives (CHC – Egypt) and Secretary General of the Africa Ministerial Cooperative Conference holds a press conference with Simon Kiprono Chilogi, Kenyan Minister of Cooperatives and MSMEs Development, to explore the successes achieved by Kenyan cooperatives, Invest-Gate reports.

Reportage Egypt Speeds Up Construction of Montenapoleone to Meet Deadlines

Reportage Egypt, an Emirati real estate developer, achieves a high rate of construction at its Montenapoleone project in Egypt, completing 17% of the work in just six months, Invest-Gate reports.

Vow Developments Announces The Completion of All Its Financial Obligations for The Land of Solas Project

Vow Developments announces the completion of its financial obligations for Solas project in the New Administrative Capital (NAC), Invest-Gate reports.

Brouq Developments to Expand Into NAC at EGP 8 Bn

Brouq Developments' successes in entering the Egyptian real estate market in 2020, partnering with NBS Developments, Invest-Gate reports.

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