News / Egypt

TDA Seeks to Achieve EGP 1 Bn Net Profit in FY 2023/24

El-Gazzar adds that the TDA's board approves its budget for the fiscal year 2023/2024, which includes pumping new investments to continue infrastructure projects in various development sectors to a completion rate of around 30%.

Capital Hills Developments launches East Point 1 Mall with EGP 1 Bn

Ahmed Salah, General Manager of Capital Hills Developments, reveals that Capital Hills succeeded in achieving EGP 2 bn in sales during the year 2022 and aims to double sales revenues during the current year.

Sawiris Foundation Launches 2nd Chicago Booth Executive Program in Egypt

Sawiris Foundation for Social Development

Arabisk Development Launches Initiative for Immediate Unit Delivery

The intuitive includes offering housing units at competitive prices in light of price developments in the real estate sector, as a result of the high prices of construction materials, Abdel Hamid Al-Wazir, Chairman of Arabisk Real Estate Development, says. 

Al-Nayrouz Exhibitions to Launch 5 Real Estate Exhibitions in GCC in 2023

Hazi Misr Exhibition will run its 21st round in Saudi Arabia on May 25th.

MNHD Closes EGP 805.5 Mn Securitized Bond Issuance

The second tranche is valued at EGP 310.1 mn, with a tenor of 36 months and a credit rating of AA from MERIS, while the final tranche is valued at EGP 253.7 mn, with a tenor of 60 months and a credit rating of A from MERIS.

Times Developments Injects EGP 250 Mn into Aster Project in New Cairo

Situated on 143,655 sqm, Aster is compatible with sustainability standards in compliance with Egypt Vision 2030.

20 Government Buildings to Start Work in NAC May-End

Khaled Abbas, Chairman of the Administrative Capital for Urban Development (ACUD), states that over 20 buildings are delivered to government bodies in NAC.

Dubai Developments Employs KAD’s Services for NAC’s Projects

The agreement also covers the Capital Dubai Mall project, which is a commercial and entertainment complex in a prime location in the R7 district.

GV Investments, Taqa Arabia Launch Tarboul Infra Company

Sherif Hamouda, Chairman of GV Investments, notes that cooperation with Taqa Arbia is an important step in completing the infrastructure of Taboul City.

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