News / Egypt

ACUD, Cairo Gas Ink Deal to Supply Natural Gas to NAC’s Government District

The Administrative Capital for Urban Development (ACUD) signed on April 18 a cooperation protocol with state-run Cairo Gas, representing the petroleum ministry, for the establishment of a natural gas network at the New Administrative Capital's (NAC) government district.

SODIC Assigns CONSTEC to Construct New Project Within SODIC West

Six of October Development and Investment (SODIC) and Construction and Design (CONSTEC) inked on April 20 an EGP 210 mn construction contract for a residential project within SODIC West compound in Sheikh Zayed city, west Cairo.

El Attal to Finish Selling Park Lane’s 2nd Phase Soon

El Attal Holding announced plans to shortly complete selling the second phase of its Park Lane Compoundhood in the New Administrative Capital (NAC)

Gov’t Investments in New Obour Amount to EGP 4.9 bn

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has confirmed that investments worth EGP 4.9 bn are being pumped into existing and underway projects in New Obour city, of which EGP 1.4 bn are to be invested in the current fiscal year.

TMG to Set Up Mortgage Finance JV With GB Capital, EFG Hermes

Talaat Moustafa Group (TMG) Holding has agreed to establish a mortgage finance joint venture (JV) with GB Capital, financing subsidiary of GB Auto, and EFG Hermes, in a bid to serve Egypt’s growing population of homebuyers.

Egyptian Association for Realtors to be Registered in 1M

Hashim El Kady, a member of the Egyptian Association for Realtors, said the legal procedures for the association's registration are expected to be completed within one month.

Emaar Misr Donates EGP 878 mn to Development of Slums

Emaar Misr said its board of directors approved on April 16 donating EGP 878 mn (USD 50 mn) for the development of slums and informal areas in Egypt.

SODIC Sells Allegria Residence Ahead of Official Launch

Sixth of October Development and Investment (SODIC) has announced the launch and successful sale of its luxurious apartment complex, Allegria, located at SODIC West’s main gateway, in Sheikh Zayed, west Cairo.

Elsewedy Electric to Build Industrial District Substation East of Port Said

Elsewedy Electric, the integrated energy solution provider in the Middle East and Africa, announced that its subsidiary Elsewedy Electric for Trading & Distribution has signed a new contract to build the industrial district substation of East Port Said in Egypt

Al-Futtaim Malls Announces Expansion to Cairo Festival City Mall

Al-Futtaim Malls announced on April 11 the launch of a new 22,143-square-meter expansion to Cairo Festival City (CFC) Mall, east Cairo.

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