Real Estate Companies in Egypt to Price in dollars then Sell in EGP as Inflation Precaution

• Tuesday, 4th April 2023
• by Invest Gate

Some real estate companies in Egypt resorted to using the "dollar" to hedge against the risks of rising costs after the deterioration of the pound and the rise in inflation. In contrast, others went to cancel some customers' reservations and return their money to maintain profit margins.

MARAKEZ to Add New Brands in Mall of Arabia in Q1 2023

• Monday, 3rd April 2023
• by Invest Gate

Marakez, the developer of mall of Arabia, one of Egypt’s largest shopping malls with over 154,000 sqm, announces that it will be adding new famous brands to the mall.

Al Baraka Bank, DMC Ink EGP 350 Mn Loan Agreement

• Monday, 3rd April 2023
• by Invest Gate

Al Baraka Bank signs an EGP 350 mn loan agreement with Dar Al-Mimar Contracting (DMC) to fund the expansion in Mountain View 1 in New Cairo, Invest-Gate reports.

EGICS Development Sells 50% of Haven Tower

• Sunday, 2nd April 2023
• by Invest Gate

Ehab Abul-Hadid, CEO of EGICS Development, notes that 50% of the sales of its Haven Tower project in the New Administrative Capital have been completed, Invest-Gate reports.

ACUD’s Chairman Meets Developers in New Cairo, NAC

• Sunday, 2nd April 2023
• by Invest Gate

Khaled Abbas, Chairman of the Administrative Capital for Urban Development (ACUD), holds a meeting with a number of members of the New Cairo and Administrative Capital Developers Association, to discuss a set of issues facing real estate investment companies, Invest-Gate reports.

Roqi Real Estate Development Focuses on Social Responsibility

• Sunday, 2nd April 2023
• by Invest Gate

Ibrahim Hassan, CEO of Roqi Real Estate Development, announces that the company pays great attention to social responsibility, preparing and launching initiatives and qualifying young people to obtain a job opportunities, Invest-Gate reports.

GV Investments, GORD to Implement Sustainability Standards in Tarboul City

• Sunday, 2nd April 2023
• by Invest Gate

GV Investments Group signs a strategic partnership with The Gulf Organisation for Research & Development (GORD) to cooperate with the Global Sustainability Assessment System (GSAS) in Egypt and to promote sustainable solutions, Invest-Gate reports.

El-Gazzar Meets CSCEC’s GM to Inspect Progress in CBD

• Sunday, 2nd April 2023
• by Invest Gate

Assem El-Gazzar, Minister of Housing holds a meeting with Zhao Boa, General Manager of the China State Construction Engineering Corporation (CSCEC), to follow up on the executive position of the Central Business District (CBD) project, in the New Administrative Capital, Invest-Gate reports.

CBE Raises Key Interest Rates by 2%

• Sunday, 2nd April 2023
• by Invest Gate

JLL: Record inflow of FDI, Substantial Support from Regional Developers Underscores Egypt’s Resilient Real Estate Market

• Thursday, 30th March 2023
• by Invest Gate