News / Egypt

ALDAU Development Launches Cairo West Residence Phase I

Egypt’s hospitality and property developer ALDAU Development, a member of Sami Saad Holding, has launched the first phase of “Cairo West Residence,” its newest 11-acre residential project in west Cairo

Thomas Cook’s Bankruptcy Has Minimal Impact on Orascom

Orascom Development Egypt (ODE) said Thomas Cook's bankruptcy has an "immaterial" effect on the former company's operations, yet the short-term impact is "minimal."

New Fayoum Sees 1,656 Housing Units Done

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said 1,656 social housing units have been completed in New Fayoum, with 50 apartments already delivered to the beneficiaries.

Qalyubia Awaits EGP 513 mn Water Projects

Qalyubia Governorate is witnessing the implementation of three potable water projects, with a total added capacity of 217,000 cubic meters per day, at a cost of EGP 513 mn

City Edge Uncovers Apartments Complex in New Alamein

City Edge Developments (CED) announced the launch of New Alamein Downtown, a project owned by the New Urban Communities Authority (NUCA)

New Alamein University Welcomes 1st Students

The 2019/20 academic year has officially begun at the Arab Academy for Science Technology and Maritime Transport (AASTMT) in New Alamein, welcoming the first intake of dental and pharmaceutical students.

Tatweer Misr Reveals Innovation Competition Winners

Egypt's property developer Tatweer Misr announced on September 16 the winners of the third round of its successful entrepreneurship innovation competition, following a booming final pitch night, in the presence of the company's executive board as well as the judging panel.

SODIC Eyes 10% Stake in Heliopolis Housing: CEO

Sixth of October Development and Investment Company (SODIC) eyes buying a 10% stake in state-run Heliopolis Company for Housing and Development (HHD), coming after the government had nodded passing the latter's management to a strategic property investor.

August Headline Inflation Hits Lowest Since January 2013

Egypt’s annual headline inflation rate fell to a six-and-a-half-year low in August, registering 7.5% from 8.7% in July, opening the way for further rate cuts by the Central Bank of Egypt (CBE).

Marakez to Uncover AEON Towers’ Final Phase in October

Marakez for Real Estate Investment, a subsidiary of Saudi Arabia’s Fawaz Alhokair Group, will launch the last phase of west Cairo's AEON Towers next month, while AEON Courtyards’ first phase is set to be delivered in December, ahead of schedule

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