News / Egypt

Intelligent Cities Exhibition & Conference’s 8th Round Kicks Off in November

The event is organized by ROOT Technologies and backed by a plethora of companies including Intertech, Barco, ISD, ECOTEL, Rare Distribution, Masterpiece, Circon, Fremco, and ManageEngine

Egyptian Developers Praise Successful Partnerships with State

Talaat Mostafa, CEO and Managing Director of Talaat Moustafa Group Holding notes that the state has enabled the private sector to engage in a successful experience with fully-serviced urban communities that satisfy Egyptian citizens.

Seqoon Raises $500K in Pre-Seed Funding

The funding was enabled by the bank’s program to support Egyptian fintech startups.

Orascom Development Receives Non-Binding Acquisition Offer for Real Estate Arm

The offer pends fulfillment of several conditions, including the completion of due diligence, ODE’s corporate approvals, in addition to all relevant regulatory approvals.

Nakheel Developments Launches Construction Preparation for Trio V Tower in NAC

Wassim Ouda, Head of the Commercial Sector at Nakheel Developments, reveals that the implementation of reinforced concrete works will start upon obtaining the required licenses and approvals.

Benchmark Education, Tatweer Misr Launch Learning Design and Technology-Based International Educational Conference

The event’s main focus is Science, Technology, Reading, Engineering, Arts, and Mathematics (STREAM) learning.

Real Estate Development Chamber to Participate in International Manufacturing Exhibition

Tarek Shoukry, Head of the Real Estate Development Chamber, comments that the pavilion will span over 500 sqm, adding that 10 developers will be the chamber’s partners at the event and showcase different projects.

Egypt to Launch Descent Life Initiative in Africa During COP27

Shoukry adds in an interview with the Emirates News Agency (WAM) that any failure in handling climate challenges will lead the world to a point of no return.

Concrete Plus Plans to Expand in Real Estate Sector, Increase Capital to EGP 200 mn

Tarek Youssef, CEO of Concrete Plus, reveals that the company acquired 25% of SQM company to launch an integrated project on 325 feddans, including 1,300 units in Marsa Baghush in Sidi Henish, North Coast.

El-Sisi: New Cities Add EGP 10 tn to Egypt’s Asset Portfolio

El-Sisi notes that Egypt’s strategy is based on conducting reformations in conjunction with building new projects.

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