Minister of Investment and International Cooperation Sahar Nasr officially inaugurated on December 5 Majid Al Futtaim's "City Centre Almaza," which is developed with investments amounted to USD 580 mn (EGP 9.35 bn)
Egypt’s property developer Cornerstone Development has made debut with its first project in the Egyptian real estate market, "The Curve," located in the New Administrative Capital (NAC).
Billionaire business tycoon Samih Sawiris, through his Raiffeisen Touristik (RT) Group, has acquired the German travel agency franchise system of Thomas Cook, after the latter reported a major drop in sales and went bankrupt in late September.
Egypt-based Zahraa Maadi Investment and Development plans to build a 34-acre integrated residential and commercial development in New Heliopolis, east Cairo.
Egypt's Ministry of Housing has partnered with Al-Tameer Maintenance Services for Social Housing Company to take over all the facility management duties of 200,000 social housing units nationwide, particularly in new cities, for consecutive five years.
President Abdel-Fattah El-Sisi inaugurated the 23rd edition of Cairo ICT, which took place the Egypt International Exhibition Center (EIEC) from December 1 to 4, bidding to highlight the key benefits within digital transformation and commended efforts made under the state's plan toward a cashless economy.
Egypt is deemed one of the region's "brightest spots," where construction is expected to expand by an annual average of 11.3% between 2019 and 2023.
Egypt-based Castle Development has allocated about EGP 100 mn to complete 15% of construction works at phase I of Castle Landmark in the New Administrative Capital (NAC) before year-end
UAE retail conglomerate Majid Al Futtaim CEO Alain Bejjani has revealed planned investments worth EGP 16 bn (USD 996.26 mn) in Egypt over the next two to three years, EGP 14 bn (USD 866.64 mn) of which will be allocated for a single mall in Cairo.
The Social Housing and Mortgage Finance Fund’s (SHMFF) board approved a set of proposed principles, determinants, and mechanisms related to the involvement of private developers in the establishment of social housing projects in Egypt.
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