News / Egypt

Heliopolis Housing Gets Approval for Additional Heights at Shorouk Land

Heliopolis Company for Housing and Development (HHD) unveiled on May 8 that it received the approval for additional heights of buildings at its land in El Shorouk City, permitting the developer to build up to seven floors instead of four levels only.

MNHD Signs Deal to Finance Nasr Gardens Compound in West Cairo

Madinet Nasr for Housing and Development's (MNHD)'s board of directors has mandated the company's managing director to ink a protocol with a real estate finance company to fund housing units of Nasr Gardens compound in 6th of October City.

WB Approves USD 200 mn Loan for Egypt’s SMEs

The World Bank (WB) has approved a USD 2 mn agreement with Egypt to finance small- and medium-sized enterprises (SMEs) and to create more job opportunities, especially for youth and women.

Intro Energy Makes Debut with 5 MW Solar Plant in Sharm El Sheikh

Intro Energy, Intro Group’s energy investments subsidiary, alongside co-developer Gila AlTawakol Electric and technical partner Schneider Electric, have inaugurated a 5-megawatt solar power plant in Sharm El Sheikh, marking Intro Energy’s first foray into the renewable energy industry.

About 4,500 Factories Under Construction in Alexandria, Red Sea: Official

Egypt's Cabinet Spokesman Nader Saad said 13 industrial complexes, with approximately 4,500 factories in Alexandria and the Red Sea Governorates.

WB Group Extends Egypt Country Partnership Framework Till 2021

The World Bank (WB) Group announced on April 30 a two-year extension to its 2015-2019 Country Partnership Framework (CPF) with Egypt, ending in 2021, aiming to maintain the momentum on the government’s reform efforts, which are supported under the strategy

Sisi Inaugurates 12 Major Infrastructure Projects in Ismailia

Egyptian President Abdel Fattah El Sisi on May 5 inaugurated 12 mega national projects, connecting Sinai to the Nile Delta, a step which comes under the country’s pursued Sinai Peninsula development project.

Trulia Inks Deals to Market Projects of 30 Developers

Trulia for Real Estate has contracted with a group of leading real estate developers in Egypt to market their residential, commercial and coastal projects, with plans to include more projects in its marketing portfolio

Benban Solar Park to Fully Operate This Year

Aswan's Benban Solar Park, set to be largest in the world upon completion at 1.8 GW total capacity, is scheduled to operate at full capacity during the current year, in a bid to raise Egypt's use of renewable energy to 22% of all domestically produced energy by 2020.

Invest-Gate Gets Ready for 1st Real Estate Sohour in Ramadan #TIMETOGIVEBACK

Invest-Gate is gearing up to hold its first real estate charitable Sohour, named “Bab El Ezz,” on May 15 at the Nile-Ritz Carlton, Cairo, out of its firm belief in giving back to the society and enhancing people’s lives

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