Egypt-based Cleopatra Hospital Group's (CHG) Board of Directors (BoD) ratified on October 22 the establishment of a new joint-stock company to manage and operate its hospitals nationwide, at a total market cap of EGP 30 mn.
Elsewedy Electric for Trading and Distribution, a subsidiary of Egypt's Elsewedy Electric, inked an EGP 365 mn deal with the New Urban Communities Authority (NUCA) to carry out electromechanical works at the New Administrative Capital (NAC).
Egypt and the UAE hold the largest volume of under-development branded homes, accounting for around 21%, with the former country currently having two branded residence schemes and 14 projects in the pipeline.
Egypt-based Sixth of October Development and Investment Company (SODIC) has released the first phase of apartment buildings in its newest mixed-use development in east Cairo, or "SODIC East"
Investors eager to get mixed-use land plots through the New Urban Communities Authority's (NUCA) new direct allocation system should initially set up a company (joint-stock, solidarity, or individual) that engages in the desired investment activity
Egypt continues to be Africa's largest recipient of foreign direct investment (FDI) flows in H1 2019, attracting USD 3.6 bn (EGP 58.2 bn), thanks to the new investment deals that have been recently announced
The International Property Show (IPS) Riyadh, KSA, will host 16 Egypt-based property developers, meeting the government's plans to export Egyptian real estate abroad and convening from December 12 to 14, under the theme "Invest in Egypt."
Chicago's Council on Tall Buildings and Urban Habitat (CTBUH) has approved Egypt's membership in the council and agreed to convene the 2021 edition of its conference in the North African country.
The European Investment Bank (EIB) considers extending an EUR 90 mn loan to refine the Tanta-Mansoura-Damietta rail line, which is currently undertaken by the Egyptian government at costs amounted to EUR 193 mn.
Egypt-based Beta Egypt for Urban Development plans to pump up to EGP 400 mn into its flagship project, Beta Greens New Cairo, located in Mostakbal City, until late 2020
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