News / Egypt

MARAKEZ Wins at this year’s Global RLI Awards

MARAKEZ, one of Egypt’s leading mixed-use developers, is awarded 2022’s Global RLI Awards, Invest-Gate reports.

Mountain View, Alesayi Investment Group Pen Deal to Form JV in Saudi Arabia

The JV also aims to promote investments in the sector, inside the Kingdom.

Anchor Developments Launches Rivoli Project in NAC with EGP 3 Bn

The ground floor is dedicated to commercial purposes, while the second and third floors will be used for administrative activities.

JLL Hosts Symposium for Real Estate Decarbonization in COP27

Victoria Burrows, Director for Advancing Net Zero at World Green Building Council, maintains that greening of energy grids is imperative, along with partnerships between the public and private sectors.

Elsewedy’s Unit, Geocycle, Lafarge Egypt to Foster Green Transformation At Sokhna 360

Under the MoU, Geocycle, a provider of sustainable waste management solutions, will integrate green and eco-friendly solutions by contracting with factories in Sokhna 360 for the safe and sustainable management of industrial waste.

Palm Hills Development Records EGP 911 Mn Net Profit in 9 Months

New sales at Badya jump 109% YoY to EGP 4.2 bn in the first nine months of the year, while sales at Palm Hills New Cairo surge 99% YoY to EGP 3.3 bn.

PARAGON Inks Pre-Award Agreement with Schneider Electric to Construct Smart Buildings in NAC

Schneider Electric will supply advanced technologies to the Paragon 1 Admin building project, in partnership with a group of industrial and commercial customers.

Tatweer Misr Inks Egypt’s Sustainable Communities Initiative in COP27

The initiative allows for unification, coordination, and guiding actions of all stakeholders in sustainable construction.

REDCON, Schneider Electric Sign 2 MoUs for Sustainable Building in COP27

The platform will allow for control and maintenance of the project’s infrastructure, including electricity, heating, air conditioning, water, gas, data centers, databases, DCIM, traffic, security, and command and control centers.

Central Agency for Reconstruction Executes 87 Projects in Beni Suef

Al-Gazzar notes that the CAR executes projects in 25 cities in 10 governorates including more than 740 villages under the first phase of the Descent Life presidential initiative.

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