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Capital Link Plans for Another EGP 200 mn Project in NAC

Capital Link Developments has confirmed plans to introduce its second real estate project in the New Administrative Capital (NAC), named "Dorado," with investments estimated at EGP 200 mn.

Egyptian Expats’ Remittances Rise 19.6% From July to September: CBE

The Central Bank of Egypt (CBE) has uncovered that remittances sent home by Egyptian expats inched up by 19.6% YoY, or USD 1.3 bn (EGP 20.4 bn), during the first quarter of FY 2020/21.

Red Sea Province to See EGP 10.8 bn Public Investments in FY 2020/21

At least 162 development projects, worth a total of EGP 10.8 bn of public investments, are in the pipeline at the Red Sea Governorate as part of the state's “Citizen Investment Plan" for FY 2020/21, which aims to bridge the planning process of Egypt Vision 2030.

Hassan Allam Properties to Sponsor Egypt’s 1st IRONMAN 70.3

Hassan Allam Properties (HAP) has announced its sponsorship of Egypt's first-ever round of the world-class triathlon race IRONMAN 70.3, which will take place on the Red Sea coast of Hurghada on November 19, 2021.

Badreldin Aims to Deliver West Cairo’s Kayan Compound in 2022

Badreldin Developments is on the verge to launch a new phase of its 100-acre residential compound in west Cairo's Sheikh Zayed, dubbed "Kayan," with plans to begin deliveries in 2022.

SHMFF Attempts to Automate its Real Estate Financing Services

The Social Housing and Mortgage Finance Fund (SHMFF) has signed a cooperation protocol with the Ministry of Communications and Information Technology to automate its services, in a move aimed at developing a digital real estate financing system.

Hassan Allam Construction Gets Work on New Hospital in West Cairo

Egypt's Hassan Allam Holding (HAH) has announced that its subsidiary, Hassan Allam Construction (HAC), was awarded work on foundations and skeleton frames for the Baheya Foundation’s new hospital branch in Sheikh Zayed, west Cairo, specialized in the treatment and early detection of breast cancer.

New Plan in Talks Over 2nd Real Estate Project in Port Said

New Plan Developments is currently in negotiations to take up its second real estate project in Port Said, as part of a cooperation protocol previously signed with the governorate.

Gov’t Pledges EGP 10 bn for Housing Sector: Cabinet Spokesman

Cabinet Spokesman Nader Saad has confirmed the allocation of EGP 10 bn for phase I of the development project of Egypt's provincial capitals and major cities, in line with the presidential directives for the optimal utilization of state assets and execution of new services and projects.

Reedy Intends to Deliver Phase I of New Cairo Project Before 2021

Egypt-based real estate developer Reedy Group has revealed plans to start handing over phase I of its contemporary gated community in New Cairo, or "Azzar," thereby delivering almost 70% of the project's total residential units.

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