News / Egypt

Orientals for Industrial Projects to Complete Phase I of OIC in 2021

Egypt's Orientals for Industrial Projects has revealed plans to complete the development of phase I of OIC, the newest integrated industrial city in Ain Sokhna, by April 2021.

Ora Developers Secures EGP 2.5 bn Loan to Finance ZED West

Ora Developers has sealed an EGP 2.5 loan agreement with Banque Misr, Emirates NBD, Export Development Bank, and Housing and Development Bank to finance the contraction and development of ZED West with an eight-year tenor.

Coldwell Banker Egypt, Sakneen Announce Integrated Technology Solutions

Coldwell Banker Egypt and Sakneen announce a new Strategic Partnership to provide Integrated Technology Solutions to the Real Estate Sector

Arqa to Launch New Units in ‘I Business Park’ Project

Arqa Development is to launch new units in its "I Business Park" towers project, with flexible payment plans offered for the first time in the commercial district at the New Administrative Capital (NAC).

Master Group to Further Expand Into NAC, Upper Egypt

Master Group Vice-Chairman Mohamed Mounir has unveiled the addition of the company's third real estate development in the New Administrative Capital (NAC) to its project portfolio in Q1 2021, while also affirming expansion into Upper Egypt.

Ajna’s Carnelia Secures Major Profits in Ain Sokhna Area

Chief Executive of the Commercial Sector at Ajna Urban Development Company Sherif Saleh has confirmed Carnelia Sokhna sales have reached EGP 1 bn, Invest-Gate reports.

MARAKEZ Latest Development ‘Town Center’ Now Open

MARAKEZ for Real Estate Investment, one of the largest malls and commercial developers and operators in Egypt, announced the official opening of Town Center on December 1.

SODIC Opens Tawasol’s New Community School at Istabl Antar

SODIC celebrates the official opening of Tawasol’s new community school in Istabl Antar, Invest-Gate reports.

Elsewedy Electric, Toyota Sign EGP 1.46 bn EPC Contract

A consortium of Egyptian cable maker Elsewedy Electric and Toyota Tsusho signed an EGP 1.46 bn agreement to supply and install smart electricity meters, in a move aimed at upgrading Egypt's electricity infrastructure.

LMD to Bring Africa’s 1st W Branded Residences to Egypt

Egypt-based real estate developer LMD has signed an agreement with Marriott International to bring Africa's first "W" branded residences to its flagship mixed-use project in New Cairo, or "One-Ninety."

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