News / Egypt

NOPWASD Executes Various Projects in Sinai 

The projects include drinking water stations and networks, as well as pressure pipelines and wastewater treatment plants.

SODIC’s Consolidated Net Profit Jumps 27% YoY in 9 Months

Cancellations record 8% of contracted sales, aggravated by EGP 576 mn cancellations on SODIC’s 464-acre project in New Zayed due to the project’s temporary suspension.

IHD Developments Lays Groundworks for VIVID Business Tower in NAC

Alaksharreveals that the project includes a ground floor and 14 other commercial and administrative floors with investments of around EGP 700 mn.

King Salman University, Schneider Electric Organize ‘The Green Challenge’ in Sharm El-Sheikh

The qualified projects include accessibility solutions for water, future networks, applications, analytics, and cybersecurity.

Egypt Plans Offering Long-Term Residences to Foreign Property Owners

Madbouly notes that Egypt is lagging behind several countries in sales of property units, despite the big supply of high-quality properties, adding that they cannot be promoted as a source of free currency in the country.

SolarizEgypt Invests EGP 97 mn in Solar Power Plant In El Gouna

The solar plant spans over an area of 245,000 sqm, with investments worth EGP 97 mn.

Egyptian Government Partners with Private Sector to Develop 13K feddans

Urbanization is based on two pillars, infrastructure and foundations of civil urbanization, El-Gazzar adds on the sidelines of the Economic Conference – Egypt 2022.

City Councils’ Heads Visit Low-Income Housing Projects in Different Cities

Ahmed Omran, Head of the 10th of Ramadan Development Authority, inspects works at the low-income housing axis project in the 33rd district, accompanied by some of the authority’s officials.

RentUp Launches 1st Reverse Marketplace in Egypt

The reverse marketplace will conduct reverse auctions for renting properties, linking landlords and tenants.

SODIC Presents Non-Binding Acquisition Offer for Orascom Development’s Real Estate Unit

ORE is the owner of O West, which is a mega real estate development located on 4.2 sqm in West Cairo.

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