News / Egypt

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.

Egypt’s Construction Sector to Become the Top in the Region by 2029, Fitch

Fitch Solutions’ BMI Research expected Egypt’s construction sector to grow by 9% on an annual basis within 2020 and 2024, in spite of the slowdown due to the current pandemic in the short term, Invest-Gate reports.

PepsiCo. Egypt Plans to Pump Up to USD 515 mn by 2021

Chairman and CEO of PepsiCo. Egypt Mohamed Shelbaya has asserted the company’s commitment to pump new investments in the Egyptian market up to USD 515 mn from 2018 till 2021, including USD 100 mn in 2020 only.

NUCA Official Follows Up on New Alamein Projects

New Urban Communities Authority (NUCA) Deputy Head of Development of New Cities Alaa Abdel-Aziz followed up on projects implemented in New Alamein.

Palm Hills Signs EGP 3.5 bn Deal for New Project in Ain Sokhna

Palm Hills Developments (PHD) and Al Shorouk for Touristic Developments have signed a co-development agreement for a mixed-use community in Ain Sokhna, Red Sea, under a revenue-sharing scheme, with investments valued at EGP 3.5 bn.

Invest-Gate Hosts “New Real Estate Product” Virtual Roundtable

Scheduled to take place on June 15, Invest-Gate is hosting another virtual roundtable titled "New Real Estate Product", so make sure to grab your virtual seat

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