News / Egypt

Savills: Egypt Retail, Office Demand Seen Recovering Despite Headwinds

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.

SODIC Expands North Coast Project in $636 Mn Deal

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 Starts the Year with Strong Results

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.

Red Expo 2023 to Start 10 June in New Cairo

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.

Mountain View Launches Final Phase in iCity

Mountain View for development and real Estate investment announces the launch of The North Park phase, the final phase of the iCity project in New Cairo, on a 4-feddan plot and includes 350 housing units of different sizes, Invest-Gate reports.

Ibtkar Real Estate Launches EGP 25 Mn Project In New Cairo

Ibtkar Real Estate Company launches a new project in Al Narges area in New Cairo this month, targeting sales of EGP 25 mn, Invest-Gate reports.

WATREX Expo 2023 to Kick off in Egypt on 15 May

The 7th edition of the international exhibition for wastewater and water treatment technologies (WATREX Expo 2023) is set to kick off on Monday, 15 May, in Egypt under the auspices of Assem El-Gazzar, Minister of Housing and Urban Communities, Invest-Gate reports.

Egypt Targets Completing 2nd Phase of Government Relocation to New Capital

Egypt is targeting completion of the second phase of relocating government agencies to the New Administrative Capital east of Cairo, with 19 ministries and agencies set to begin the transfer process next week, Invest-Gate reports.

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