News / Egypt

Al Ahly Sabbour, MarQ Communities Ink Strategic Partnership for City of Odyssia

Al Ahly Sabbour signs a new strategic partnership with the MarQ communities to develop 260 acres of the total area of the City of Odyssia, Invest-Gate reports.

Mountain View Launches Ready-to-Delivery Units in “i-City New Cairo”

Mountain View launches housing ready-to-delivery units in "i-City New Cairo" project with total contractual sales of EGP 2 bn, Invest-Gate reports.

Developer X Obtains Ministerial Approval for Bianchi Ilios Project in North Coast

Developer X announces obtaining ministerial approval for the development of Bianchi Ilios project in North Coast, Invest-Gate reports.

Egypt to Open New Sphinx International Airport Mid-July

Mohamed Manar, Minister of Civil Aviation, announces that Egypt will start operating its new Sphinx International Airport (SPX) located near the Giza pyramids, in mid-July, Invest-Gate reports.

CMD, Qontrac Complete Excavation and Internal Road Works for YARU Residence

CMD and Qontrac Developments alliance announces the completion of all excavation work of YARU Residence project in the NAC with an investment of EGP 2 bn, Invest-Gate reports.

CBE Raises Key Interest Rates by 2%

The Central Bank of Egypt (CBE) announces on May 19th raising key interest rates by 2%, or 200 basis points, as the government attempts to deal with the negative economic repercussions of the Russian-Ukrainian war and curb inflationary pressures.

Emaar Misr Contributes EGP 1 bn to Hayah Karima Foundation

Emaar Misr signs a collaboration protocol with Hayah Karima Foundation, contributing EGP 1 bn for completing sustainable development projects, Invest-Gate reports.

Al Ahram Implements 20 Villa-style Housing Projects in New Cairo

Al Ahram Real Estate announces the implementation of nearly 20 projects in New Cairo, in Al Narges and Beit Al Watan, Invest-Gate reports.

Tatweer Misr, Schneider Electric Sign Collaboration Agreement

Tatweer Misr signs an agreement with Schneider Electric to utilize the iTWO platform, established by Schneider Electric’s RIB Software, Invest-Gate reports.

Orascom Development Generates EGP 1.9 bn in Revenues in Q1

Orascom Development Egypt starts the year with strong operational and financial results and a significant increase in the real estate segment’s performance and enhanced business performance of the hotels and town management segments, Invest-Gate reports.

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