News / Egypt

TAMEER to Deliver 1st Phase of New Cairo Project by March-End

Egypt-based real estate developer TAMEER plans to deliver the first phase of AZAD 1 residential project in the Fifth Settlement neighborhood, east Cairo by the end of March, Invest-Gate reports.

MNHD Obtains Land Adjacent to Taj City

Madinet Nasr Housing and Development (MNHD) reached an agreement with the Armed Forces Land Projects Agency to exchange land plots in east Cairo

Hilton Luxor Resort & Spa Named Egypt’s Best Luxury Wellness Spa

Hilton Luxor Resort & Spa has been awarded the “Best Luxury Wellness Spa in Egypt” for 2019 by the International Spa Awards

Heliopolis Housing Weighs on Real Estate Stocks: SHUAA

SHUAA Securities Egypt's latest report showed that real estate stocks declined in February due to "unclear vision about Heliopolis Company for Housing and Development’s (HELI) future moves"

SHMFF, Banque Misr Ink Protocol to Provide Mortgage for 1,200 Units

Social Housing and Mortgage Finance Fund (SHMFF) signed a joint cooperation protocol with the Suez Canal Authority and Banque Misr to allocate 1,200 units to the authority's workers union

Gov’t to Develop 202 Projects Worth EGP 944 mn in FY 2019/20

Egypt's Planning and Economic Development Minister Hala El-Saeed said that the government directed investments amounting to EGP 944 mn to implement 202 projects in FY 2019/20

Emaar Misr Sees 49% Profit Decline in 2019

Emaar Misr for Development has said its profits fell by 49% year-on-year (y-o-y) to stand at EGP 1.74 bn in 2019, down from EGP 3.42 bn in 2018

CBE’s Mortgage Initiative to Finance up to 50,000 Units: Official

Deputy Minister of Housing, Utilities, and Urban Communities for National Projects Khaled Abbas said that the Central Bank of Egypt's (CBE) EGP 50 bn mortgage initiative will help finance around 40,000-50,000 units

Pinnacle, TBH Sign JV for Latest Project Management Techniques

Egypt-based Pinnacle Real Estate Investments and the Australian project management company TBH have signed a joint venture (JV) for the deployment of cutting edge project management techniques on February 29 at the Nile Ritz-Carlton, Cairo

Mountain View Announces 2020 Expansion Plans

Egypt's real estate developer Mountain View plans to launch a new 17-acre project in iCity October inside the heart of the 6th of October City this year

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