News / Egypt

Gov’t to Develop 202 Projects Worth EGP 944 mn in FY 2019/20

Egypt's Planning and Economic Development Minister Hala El-Saeed said that the government directed investments amounting to EGP 944 mn to implement 202 projects in FY 2019/20

Emaar Misr Sees 49% Profit Decline in 2019

Emaar Misr for Development has said its profits fell by 49% year-on-year (y-o-y) to stand at EGP 1.74 bn in 2019, down from EGP 3.42 bn in 2018

CBE’s Mortgage Initiative to Finance up to 50,000 Units: Official

Deputy Minister of Housing, Utilities, and Urban Communities for National Projects Khaled Abbas said that the Central Bank of Egypt's (CBE) EGP 50 bn mortgage initiative will help finance around 40,000-50,000 units

Pinnacle, TBH Sign JV for Latest Project Management Techniques

Egypt-based Pinnacle Real Estate Investments and the Australian project management company TBH have signed a joint venture (JV) for the deployment of cutting edge project management techniques on February 29 at the Nile Ritz-Carlton, Cairo

Mountain View Announces 2020 Expansion Plans

Egypt's real estate developer Mountain View plans to launch a new 17-acre project in iCity October inside the heart of the 6th of October City this year

NUCA Approves Land Allocations in New Cities

The New Urban Communities Authority (NUCA) has said its board of directors (BoD) agreed to allocate five land plots in a number of new cities to establish technological universities

OUD Hits EGP 100 mn Sales at Nile Property Expo

Egypt-based Orientals for Urban Development (OUD) announced that it achieved over EGP 100 bn sales at Nile property Expo, held in Riyadh on February 9 to 11, Invest-Gate reports.

Egyptian Property Market Sees Roller Coaster Ride in 2019: JLL

US-based commercial real estate services firm JLL unveiled that the Egyptian market experienced a “roller coaster ride” last year, with a wide range of “booms and busts” being addressed by the government in line with Egypt Vision 2030

Egypt to See Further Branded Residential Schemes: Colliers

Colliers International revealed that Egypt currently has a small number of branded residential schemes, yet further developments are in the pipeline

SODIC Records EGP 7.3 bn Contracted Sales in 2019

Sixth of October for Development and Investment Company (SODIC) has recorded contracted sales of EGP 7.3 bn in 2019, with a growth of 32% year-on-year (YoY)

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