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Midar Signs Agreement with Adeer International to Develop Boulevard Project in Mostakbal City with Investments Exceeding EGP 70 bn

Midar for Investment and Urban Development, the master developer of Mostakbal City and MADA City in East Cairo, has announced the signing of a strategic revenue-sharing partnership with Adeer International, a subsidiary of Saudi-based Sumou Holding, Invest-Gate reports.

Egypt Imposes Up to EGP 1,000 per sqm in Fees on North Coast Partnership Projects

Egypt’s New Urban Communities Authority (NUCA), affiliated with the Ministry of Housing, Utilities and Urban Communities, has introduced new development fees on real estate and tourism projects in the North Coast that are implemented through partnership models between multiple entities. The fees will reach up to EGP 1,000 per sqm depending on the location of the project, Invest-Gate reports.

Arabian Mark Developments Unveils REWAQ Residence in New Cairo

Arabian Mark Developments has launched REWAQ Residence, its first integrated residential project in the Egyptian market, located in the heart of New Cairo, Invest-Gate reports.

Prime Minister Meets Sumou Holding Officials to Discuss Investment Plans in Egypt

Prime Minister Mostafa Madbouly held a meeting at the government headquarters in New Alamein City with Dr. Ayed Al-Qahtani, Chairman of Saudi Arabia’s Sumou Holding Company, to review the group’s investment plans in Egypt, Invest-Gate reports.

Prime Minister Follows Up on Land Legalisation and Housing Projects in New Cities

Prime Minister Mostafa Madbouly held a meeting in New Alamein today to follow up on the legalisation of lands added to several new cities, the status of current housing and land offerings, and ongoing development projects, Invest-Gate reports.

Emtelaak Announces Strategic Partnership with FawryDahab to Provide Integrated Digital Payment Solutions for Fractional Real Estate Ownership Clients

Emtelaak for Fractional Real Estate Ownership, a leading provider of fractional ownership solutions and recipient of the Real Estate Tech Excellence Award, has announced a strategic partnership with Fawry Dahab, Egypt’s leading fintech and e-payment platform, Invest-Gate reports.

Schneider Electric and Hassan Allam Holding Partner to Advance Smart and Sustainable Agriculture in Egypt

Schneider Electric, a global leader in energy management and automation, has signed a strategic partnership with Hassan Allam Holding, a regional engineering and construction giant, to promote sustainable agriculture in Egypt’s rural communities, Invest-Gate reports.

Barwa Developments Contracts MRB to Operate Central Mall El Shorouk

Barwa Developments has signed a contract with MRB to manage and operate its flagship project, Central Mall El Shorouk, aiming to boost its investment value and strengthen its competitive edge in the market, Invest-Gate reports.

Housing Ministry Moves Forward with Real Estate Governance, Export Platforms

Eng. Sherif El Sherbini, Minister of Housing, Utilities, and Urban Communities, held a meeting with officials from the the Official Egyptian Real Estate Platform to follow up on the launch of two national platforms, one to regulate Egypt’s real estate market, and another to promote and export Egyptian property globally, Invest-Gate reports.

MODAD Developments Launches Split Offices in Sector Project at New Capital’s Financial District

MODAD Developments has announced the launch of its Split offices within the Sector project, located in the heart of the Financial District of Egypt’s New Administrative Capital, Invest-Gate reports.

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