President Abdel Fattah El-Sisi issues a decree authorising the Ministry of Justice to draft a set of legislative amendments required to overcome restrictions related to land ownership for foreigners, Invest-Gate reports.
Toledo Development launches retail units ranging from 48 to 3,000 sqm at competitive rents within Gardenia City Walk Mall, one of its strip mall projects serving over 160,000 residents of surrounding communities, Invest-Gate reports.
Modon Developments launches a real estate mobile application to provide customers with up-to-date information regarding the company's projects in the New Administrative Capital, Invest-Gate reports.
El Gouna launches the Fairways project at an area of 11,000 sqm, Invest-Gate reports.
Egypt’s retail and office sectors are expected to see demand recover this year despite inflationary pressures and supply chain issues, according to property consultant Savills Egypt.
Sixth of October Development & Investment Co. (SODIC) acquires 180 feddans of land next to its Caesar project on Egypt’s north coast for EGP 10 bn ($636 million), extending the company’s flagship seaside development, Invest-Gate reports.
Orascom Development Egypt (ODE) starts the year with strong positive operational and financial results across all its destinations, recording a net profit of EGP 384 mn in the first quarter, Invest-Gate reports.
Khalid Bahig, Chairman and CEO of Dar Al-Khebra Real Estate Investment Company (RED), announces that the 7th edition of Red Expo will be held at Dusit Thani Hotel, New Cairo on 1o June 10, Invest-Gate reports.
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