Vice President of New Urban Communities Authority (NUCA) Abdulmutallab Mamdouh has inspected work on phase II of New Cairo's Dar Misr middle-income housing project, affirming that 1,625 apartments (69 residential buildings) are set for delivery starting from January 2021.
Sixth of October Development and Investment Company (SODIC) has signed a partnership agreement with Arab African International Bank (AAIB) to provide customers with e-payment solutions through the developer's official website.
Egypt-based real estate developer Misr Italia Properties (MIP) has managed to record contractual sales of EGP 2 bn in 2020, paired with the delivery of mixed-use units at five different property projects nationwide, despite the Coronavirus-induced slump.
Egypt's Minister of Planning and Economic Development Hala El Saeed has confirmed the execution of 416 public developments in the electricity and renewable energy sector, at a value of EGP 95.6 bn, over the past two fiscal years.
Deputy Minister of Housing, Utilities, and Urban Communities for National Projects Khaled Abbas has confirmed that the annual investments in the real estate sector stand at EGP 700 bn - EGP 800 bn, of which 60% are provided by the public sector.
Builderia Development has signed contracts with Schneider Electric, Space Consultants, and Asass Construction for the implementation of its intelligent administrative complex in the New Administrative Capital (NAC), named “Paragon."
Al Marasem International for Development has commenced deliveries at the first phase of its New Cairo project, or "Fifth Square," featuring a total of 576 fully-finished residential units (42 buildings).
El Attal Holding Chairman Ahmed Elattal has uncovered that his company’s building arm, Attcon Constructions, has been awarded contracts worth EGP 1.2 bn in 2020.
Egypt-based real estate developer Tatweer Misr has received Entrepreneur Middle East’s Enterprise Agility Awards 2020, in recognition of its "Outstanding Contribution to Entrepreneurship."
AlKarma Developments has rolled out its newest property project in west Cairo's Sheikh Zayed, called "AlKarma Gates," with investments totaled at EGP 1.8 bn, intending for completion by 2024.
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