Mazaya Developments launches the second phase in Gemini Towers Red&Blue project in the New Administrative Capital with premium units in multiple areas, targeting around EGP 700 mn sales, Invest-Gate reports.
REDCON Offices and Commercial Centers (ROCC), a subsidiary of REDCON Construction, launches administrative units with areas starting from 70 sqm in Golden Gate mixed-use project in New Cairo, Invest-Gate reports.
Property technology startup Stella Stays signed an agreement with real estate developer Tameer to manage its AZ Homes project, Invest-Gate reports.
Under the patronage of President Abdel Fattah El-Sisi, the General Authority for Construction and Housing Cooperatives (GAHBC) organizes the 13th Africa Ministerial Cooperative Conference, which will be hosted in Egypt for the first time ever, Invest-Gate reports.
The Minister of Housing, Utilities, and Urban Communities Essam El-Gazzar states that the councils of new cities launched measures to prepare for the coming winter season, Invest-Gate reports.
The total number of housing units built in Egypt in the fiscal year (FY) 2020/2021 amounted to around 336,300 with total investments of EGP 150 bn, up from 194,200 units in FY 2019/2020 with investments of EGP 79 bn, Invest-Gate reports.
Misr Real Estate Assets (MREA), under the auspice of Misr Insurance Holding Company (MIHC), signed with fintech startup Boyot an agreement to develop MREA mobile application to provide clients with automated services.
Emaar Misr contracts with Atrium Quality Contractors, Talaat Moustafa Group's construction arm, to start implementing the construction works of 195 offices in Townsquare Boutique Offices with a total value of EGP 560 mn, Invest-Gate reports.
Royal Developments is close to completing the construction of 10 separate projects in New Narges City, Invest-Gate reports.
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