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Gov’t Builds Almost EGP 96 bn Energy Projects in 2 Yrs: Minister

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.

Public Sector Endows 60% of Egypt’s Annual Property Investments: Abbas

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 Signs Deals to Implement NAC’s Paragon

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 Begins Delivery of New Cairo’s Fifth Square Phase I

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’s Unit Secures EGP 1.2 bn Tenders in 2020: Chairman

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.

Tatweer Misr Wins Outstanding Contribution to Entrepreneurship Award

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 Rolls Out New EGP 1.8 bn Compound in Sheikh Zayed

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.

Tabarak Developments Delivers 100 Homes in New Cairo’s 90 Avenue

Tabarak Developments has announced the delivery of 100 residential units within phase I of New Cairo's 90 Avenue project, dubbed "Vibe Zone," intending to hand over a total of 150 properties in the upcoming weeks.

Ghabbour, Other Investors Acquire NCHD for USD 50 mn

Some Egyptian businessmen have recently acquired the New City Housing and Development Company (NCHD), a subsidiary of Orascom Development Egypt (ODE), through an English investment fund and one of GB Capital companies owned by Raouf Ghabbour, in a move valued at USD 50 mn (EGP 787.1 mn).

MetLife to Offer Insurance Solutions Through ADIB

MetLife has announced its partnership with Abu Dhabi Islamic Bank - Egypt (ADIB) to provide comprehensive life insurance solutions through ADIB’s diverse distribution channels and network of at least 69 branches across the country.

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