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Sabbour Consulting to Oversee Mixed-Use Tower Project in NAC

Egypt-based Sabbour Consulting has agreed to oversee the construction of a mixed-use tower project in the New Administrative Capital (NAC), dubbed "I Business Park."

Kafr El Sheikh Sees 28 Social Housing Buildings Done: Official

Kafr El Sheikh Governor Gamal Nour El Din has presented work progress on phase III of the city's social housing project, indicating the completion of 28 residential buildings, whereas nine others are nearing allocation.

Cabinet Nods Reallocation of State Lands for 2 Logistics Zones

Egypt's Cabinet has approved a draft presidential decree to reallocate two state-owned plots for the Ministry of Supply and Internal Trade to establish logistics zones in Luxor and Sharqia provinces.

PHD, NBE Partner for EGP 1 bn Facility Deal

Palm Hills Developments (PHD) has inked an EGP 1 bn facility agreement with the National Bank of Egypt (NBE), while still aiming to meet the EGP 1.5 bn net debt target by year-end.

Sinai Cement Calls for Urgent Action on Overcapacity

Country Manager at Sinai Cement Company Tamer Magdy has called for immediate action by the Egyptian government to address the current local industry crisis, as the gap between the excessive supply and lagging demand widens.

Lions Group Acquires Plots for EGP 50 mn West Cairo Project

Egyptian real estate developer Lions Group has acquired six land plots on the Cairo-Alexandria Desert Road to carry out a residential project in west Cairo's 6th of October City, at an estimated cost of EGP 50 mn.

Hyde Park Rolls Out New Project in West Cairo

Hyde Park Developments continues with its urban expansion plans and heads west Cairo with "Tawny,” its latest villas-only project in 6th October City.

365 Ecology Unveils New Subsidiaries in Egypt’s Property Sector

Egyptian engineering integrator 365 Ecology has announced the launch of two new subsidiaries, called "ECO IFM" and "ECO FLS," in a bid to serve the positive growth of local real estate and construction sectors, and go beyond the traditional realms of technical solutions.

Minister Tours Almost 29,500 Social Housing Units Underway in Badr City

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has followed up on work progress of almost 29,496 social housing units (1,194 buildings) located in the extension of Badr City, or "Capital Gardens."

El Gazzar Meets Export Council for Real Estate Investment Members to Address Property Export

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has met with members of the Export Council for Real Estate Investment to discuss future mechanisms to catalyze exporting real estate in Egypt.

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