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Orascom Investment Holding Turns to Losses in 9M

Orascom Investment Holding (OIH) turned to losses to incur EGP 92.4 mn in the first nine months of 2019, despite posting profits of EGP 1.07 bn during the same period, including minority rights.

Palm Hills Alexandria Phase II Kicks off

Palm Hills Alexandria’s Phase II has been launched during an exclusive event on December 3, following the success of the first phase, which was released in late 2018.

Aswan Wins UNESCO Learning City Award

Aswan has received the UNESCO Learning City Award for being one of the world’s top ten learning cities.

El-Sisi Opens July 3rd Tunnels to Link South Port Said, Sinai

President Abdel-Fattah El-Sisi has inaugurated July 3rd Tunnels in south Port Said، which mark one of the major national projects for connecting the Mediterranean governorate and Sinai, bidding to facilitate trade movement in the Suez Canal Zone.

New Alamein Coastal Towers 82% Done: Minister

Egypt's housing ministry has finalized 82% of the 15 coastal towers, or 4,500 residences, being undertaken in New Alamein, finishing 34 out of 41 floors at some of them.

Cooperative Housing to Represent 30% of Annual Supply: Official

Deputy Minister of Housing, Utilities, and Urban Communities for National Projects Khaled Abbas said the government is working on increasing the volume of cooperative housing to make up 30% of the annual residential supply, as part of an upcoming five-year plan.

Arabtec to Build EGP 1.60 bn Residences at Emaar Misr’s Marassi

Emaar Misr for Development, Cairo-based unit of UAE’s Emaar Properties, has awarded an AED 366 mn (EGP 1.61 bn) contract to Arabtec Construction to build the first of Marassi‘s six phases in the Greek Village on the North Coast

Hassan Allam Properties Launches (every ) Integrated Mixed-Use Destination in East Cairo

Egypt’s real estate developer Hassan Allam Properties (HAP) has set foot into the commercial realm with its new 144,000-square-meter fully-integrated mixed-use destination, dubbed "(every )," located at the heart of its 438-acre flagship development, or Swanlake Residences (SLR) New Cairo.

ICCH 2019 Exhibits Sustainable Cooperatives in Over 50 Nations

The third International Conference for Cooperative Housing (ICCH) is being held from December 1 to 4, under the theme "Sustainable Cooperatives," aiming to discuss the alignment of foreign and national cooperative developments with the United Nation's Sustainable Development Goals (SDGs) 2030.

Egypt to Tender 182 Plots for SOEs Restructure

Minister of Public Enterprise Sector Hisham Tawfik has announced plans to sell 182 public lands to the private sector, whereas the proceeds will be utilized to help restructure state-owned enterprises (SOEs).

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