President Abdel-Fattah El-Sisi has issued a presidential decree to implement four new non-profit private universities, in an attempt to better serve different areas and change the scope of higher education in Egypt.
New Alamein City Authority has held the first auction for 11 mixed-use properties, in a bid to offer the necessary services and facilities to roll out a fully-fledged all-year-round city.
Marseilia Group has delivered phase II of its North Coast flagship project, dubbed "Marseilia Beach 4," with a total of 850 chalets and villas, in the face of strains endured to continue construction and finishing works due to Coronavirus.
Since its inception two years ago, Egypt-based Sorouh Developments registered EGP 2.5 bn worth of sales from its flagship project in the New Administrative Capital (NAC), or "Entrada," over the last two years.
City Edge Developments (CED) has signed a cooperation protocol with Suez Canal Bank to offer more diverse mortgage finance products, in line with the Central Bank of Egypt's (CBE) initiative to boost the field of real estate lending in Egypt.
Sixth of October for Development and Investment Company's (SODIC) gross contracted sales of residential units stood at EGP 1.83 bn in H1 2020, almost flat compared to EGP 1.86 bn in the year-ago period.
Egypt's real estate developer Hassan Allam Properties (HAP) has upped its stake in the Sixth of October for Development and Investment Company (SODIC) to 3.9% from 2.22%.
Fawaz AlHokair Group’s mall development unit Marakez has signed an EGP 670 mn syndicated loan agreement with multiple local banks to finance the execution of phase II of east Cairo's Mall of Katameya.
Emaar Misr for Development saw a 516.7% year-on-year (YoY) surge in net profit to log EGP 581.53 mn in H1 2020, compared to EGP 94.29 m in the year-ago period.
Amer Group's subsidiary Amer for Tourism Development has obtained approval from the New Minya City Authority to scale down the land area allocated for an integrated urban project in the new city.
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