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Al Futtaim Offers Drive-Thru Services to Limit Contact Amid Outbreak

Al Futtaim Group Real Estate has released a new drive-thru service to lessen physical contact and provide efficient services for all outlets, aiming to cope with the new world order of real estate.

Invest-Gate Hosts ‘New Real Estate Product’ VRT to Give Fresh Impetus on Market Revival

While continuing to march forward in response to the unprecedented changes in the business climate amid the Coronavirus woes, Invest-Gate hosted its second virtual roundtable on June 15, titled the “New Real Estate Product," aiming to open up new doors for investments in a bid to prepare the industry for a strong comeback.

Egypt Earmarks EGP 8.5 bn to Build 13 Industrial Zones for SMEs

Minister of Planning and Economic Development Hala El Saeed said the government has ratified the allocation of EGP 8.5 bn for the establishment of 13 industrial zones nationwide to support small- and medium-sized enterprises (SMEs).

NUCA Cuts Late Fees on Different Properties in New Cities

The New Urban Communities Authority (NUCA) will cut late fees owed on residential and commercial properties in new cities for the next two months, in the efforts to spur owners to pay off their arrears.

Smart Assets Eyes EGP 600 mn Contractual Sales in 2020

Egypt-based Smart Assets Real Estate Company is targeting the generation of EGP 600 mn in contractual sales for the various private projects across the country during the current year, compared to EGP 460 mn in 2019.

Royal Plans to Pump EGP 150 mn in New Cairo in 2020

Egypt-based Royal for Real Estate Development plans to pump EGP 150 mn into its New Cairo projects in 2020, compared to an investment value of EGP 100 mn a year ago.

MIP Releases New Office Building in Cairo Business Park

Egypt's Misr Italia Properties (MIP) has released a new administrative building in its New Cairo project, or Cairo Business Park, which is scheduled for delivery in the upcoming December.

CED, Al Oula Join Forces to Offer Various Mortgage Packages

Egypt's national developer City Edge Development (CED) and Al Tameer Mortgage Finance (Al Oula) have joined forces to provide a diverse range of mortgage financing activities to potential home buyers.

DM Development Posts 60% of Target Sales Despite Coronavirus Woes

Egypt-based DM Development has managed to log 60% (or EGP 150 mn) of its targeted sales for “The Groove” project in Ain Sokhna in Q1 2020, aiming to seal deals worth EGP 1 bn by year-end.

Breaking News: El Gazzar Goes Into Quarantine After Exposure to Coronavirus

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar began a 14-day self-isolation on June 11 for having been in contact with a Coronavirus carrier.

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