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Amer Group’s Unit Borrows EGP 450 mn for Porto Heliopolis

Amer Group's subsidiary Delmar for Touristic Development has signed an EGP 450 mn loan contract with Ahli United Bank to finance the Porto Heliopolis project.

Reconciliation Period for Building Violations Extended Another Month

Egypt's Cabinet has issued a decree to extend the deadline to receive reconciliation requests for building violations for another month, to end next November.

New Road Projects Bring Less Accidents: Minister

Minister of Planning and Economic Development Hala El Saeed said Egypt’s tendency to increase spending on roads and bridges for the past two years contributed to lowering the number of deaths due to road accidents in 2020.

Official Inspects Projects Underway in New Alamein

New Urban Communities Authority (NUCA) Deputy Head of Development of New Cities Alaa Abdel Aziz has inspected some ongoing projects in New Alamein, accompanied by Head of New Alamein Authority Osama Abdel Ghani, along with other ministerial officials.

Beta Egypt to Deliver Phase I of East Cairo Project in Q2 2021

Beta Egypt for Urban Development has revealed plans to hand over the first phase of its Beta Greens New Cairo project, Mostakbal City, during the second quarter of 2021.

Madaar Assigns UK’s Benoy to Design Downtown Azha

Egypt's Madaar Developments has appointed international architecture firm Benoy International to design the Downtown Azha project in Ain Sokhna.

IGI, Coldwell Banker Join Forces for West Cairo Project

IGI Real Estate has signed a contract with Coldwell Banker Real Estate to promote its newest residential project in west Cairo's 6th of October City, or “Oak Park."

Egypt’s Stock Market Resumes Trading on CIB Shares

Egypt’s Stock Exchange has resumed trading Commercial International Bank (CIB) shares on October 25 after suspending it on October 23 at the request of the Financial Regulatory Authority (FRA)

Gov’t Reviews Using Artificial Turf in Landscaping Works in New Cities

Assem Al-Gazzar, Minister of Housing, Utilities and Urban Communities, and Ashraf Sobhi, Minister of Youth and Sports, along with Mohamed Ahmed Morsi, Minister of State for Military Production review the possibility of using synthetic grass in the landscape of the new cities, Invest-gate reports.

Emaar Misr to Host Egypt’s 1st Fashion Week at Uptown Cairo

Emaar Misr has announced hosting Egypt’s first celebration of fashion and innovation at its flagship project on Mokattam Hills, Uptown Cairo.

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