Ora Developers, Orascom Ink Deal for ZED Sheikh Zayed

• Thursday, 14th May 2020
• by Invest Gate

Ora Developers has signed a deal with Orascom Construction to build the first phase of west Cairo's ZED Sheikh Zayed.

Egypt Receives USD 2.8 bn IMF Loan

• Thursday, 14th May 2020
• by Invest Gate

Egypt received USD 2.8 bn from the International Monetary Fund’s (IMF) Rapid Financing Instrument on May 12, the Middle East News Agency (MENA) reports.

City Centre Almaza Earns LEED-Gold Certification

• Thursday, 14th May 2020
• by Invest Gate

East Cairo's City Centre Almaza has been certified LEED Gold by the US Green Building Council (USGBC), denoting proficiency in sustainable design, construction, and operation standards.

Lafarge Egypt Repairs Ventilators, Provides Food Boxes

• Thursday, 14th May 2020
• by Invest Gate

Lafarge Egypt, a subsidiary of LafargeHolcim Group, has announced repairing 460 ventilator devices in public hospitals nationwide and providing 2,000 food boxes to support daily workers in Qalyubia Governorate.

Gov’t Preps for Phase II of Maspero Triangle Project

• Wednesday, 13th May 2020
• by Invest Gate

Phase II of Maspero Triangle Development Project is on the verge to commence, proceeding in line with the planned intensive implementation timelines

Al Ahly Sabbour Donates EGP 4.5 mn in Coronavirus Support Efforts

• Wednesday, 13th May 2020
• by Invest Gate

Al Ahly Sabbour Developments has cooperated with Tahya Misr Fund to purchase a set of respirators and 75,000 COVID-19 test kits, at a total value of EGP 4.5 mn, in efforts to aid the government in combating the novel pandemic.

JLL Predicts E-Commerce Boom in Egypt Amid COVID-19

• Wednesday, 13th May 2020
• by Invest Gate

JLL expects a new wave of e-commerce transformation across Egypt, especially in Cairo, after showing a notable growth potential following the coronavirus fallout

Egypt’s Social Housing Program Costs EGP 243 bn: Minister

• Wednesday, 13th May 2020
• by Invest Gate

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said a total of EGP 243 bn is required to implement Egypt's Social Housing Program, which involves the establishment of 1 mn units.

Egypt Halts Building Permits in 4 Governorates

• Wednesday, 13th May 2020
• by Invest Gate

Egypt has signed off on suspending the issuance of building permits for new housing units in Cairo, Giza, Qalyubia, and Alexandria for six months.

Invest-Gate Conducts 1st Virtual Roundtable to Examine Smart Real Estate Amid COVID-19

• Tuesday, 12th May 2020
• by Invest Gate

Register Now:
https://zoom.us/webinar/register/WN_r1t_VCAUQC6iMfb85sOhFg

As the spread of the novel COVID-19 abounds in Egypt, Invest-Gate is conducting on May 17 at 1 p.m. its first virtual roundtable to tap the knowledge and experience of local real estate market leaders, allowing them to access their collective intelligence and provide proprietary insights into the Egyptian property market's pre- and post-Coronavirus performance.