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Tatweer Misr Secures EGP 240 mn Bridge Loan

Tatweer Misr secures a bridge loan of EGP 240 mn from Arab African International Bank (AAIB) to finance the construction of the Bloomfields Mostakbal City and Monte Galala projects, Invest-Gate reports.

MRB to Run, Operate 12 Malls in NAC

MRB company, one of the pioneer companies that provides variable facility management services, submits its papers in a tender offered by the New Administrative Capital Company for the management and operation of 12 malls in the government district, Invest-Gate reports.

MG Developments Contracts ECG to Monitor Implementation of ProMark Project

MG Developments announces signing a contract with Engineering Consultants Group (ECG) to monitor the implementation of ProMark Project in the NAC, Invest-Gate reports.

Cairo’s Hotel Sector Sees High Occupancy Rates in Q2

Cairo’s Hotel Sector’s occupancy rates climbs to 60% in Q2 2022, almost double the level as compared to the corresponding period of last year which stood at 32%, Invest-Gate reports.

Mountain View Records 63% Increase in Sales in H1 2022

Mountain View reveals its contractual sales during H1 2022, registering EGP 11 bn with an annual growth rate of 63% exceeding the company’s original target, Invest-Gate reports.

Residential Plots See Great Demand in New Cities in Upper Egypt

Assem El Gazzar, Minister of Housing, Utilities and Urban Communities, states that there is a great demand for the reservation of various residential plots (medium housing, distinguished housing, and the most distinguished housing), with a total of 3,677 plots in new cities of Upper Egypt, Invest-Gate reports.

The Big 5 Construct Egypt 2022 Hosts Global, Egyptian Construction Professionals

The Big 5 Construct Egypt runs from June 25th to 27th at the Egypt International Exhibition Center (EIEC), under the patronage of Prime Minister Mostafa Madbouly, Invest-Gate reports.

Housing Ministry Offers Shops, Administrative Units for Sale in New Assiut City

Several commercial stores and administrative units are offered for sale by public auction in New Assiut City, Invest-Gate reports.

ODE Records EGP 4.7 bn in Sales in H1 2022

Orascom Development Egypt (ODE) announces its preliminary real estate and hotels KPIs for the period ended June 30th, Invest-Gate reports.

White Eagle Developments to Launch Blue Bird Project in NAC

White Eagle Developments is to launch a residential project (Blue Bird) within a few days in the most prominent area in R8 in the NAC, with investments of EGP 2.5 bn, Invest-Gate reports.

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