News / Egypt

Gov’t, Private Developers Annually Pump EGP 200 bn in Housing Industry

Egyptian housing ministry and private sector pump total annual investments of nearly EGP 200 bn in the construction and real estate investment sector, which significantly contribute to the growth of the local economy.

Developers to Finish New Alamein Towers’ Exterior by July 2020

Prime Minister Mostafa Madbouly has called on New Alamein property developers to finalize finishing works of all towers' exterior facades before July 2020, entailing all companies to sign a formal acknowledgment to betoken their commitment to meet the target dates.

Remco Gets 115.65 Acres for Urban Project in New Cairo

Remco Tourism Villages Construction Company (RTVC) has been allocated a 115.65-acre plot by the New Urban Communities Authority (NUCA) to develop a fully-fledged urban project in New Cairo.

JW Marriott Residences New Cairo, Al Jazi Gardens Kick off Luxury Living

Gulf Building and Construction, an affiliate to Seldar Misr, brings “Al Jazi Gardens”, the first branded residences living development in Egypt, triggering a new paradigm shift to lifestyles in Egypt via its luxury-finished condominiums.

Mountain View Completely Sells Rhodes Island in 2 Days

Egypt's property developer Mountain View has announced that its newest phase at Mountain View Ras ElHikma, "Rhodes Island," was sold out in just two days, with contractual sales totaled at EGP 1.5 bn.

Orascom Development’s O West to Sponsor 3rd Edition of GFF

Orascom Development Egypt (ODE), a subsidiary of Orascom Development Holding (ODH), continues to support and sponsor the third edition of El Gouna Film Festival, which will be held from September 19 to 27, through its first home project in west Cairo, O West.

Inertia Obtains EGP 575 mn Loan to Construct Jefaira

Inertia has signed a five-year EGP 575 mn loan agreement with Banque du Caire, attempting to finance construction work at its flagship project on the North Coast, Jefaira, among other projects

Madaar Organizes Azha Endurance Festival Late September

Egypt's commercial and residential development company Madaar Development will host on September 21 Azha Endurance Festival at its luxurious Ain Sokhna resort, Azha, coming as part of its long-standing support for the country's sports market.

Emaar Misr Denies Claims on Marassi’s Land

Emaar Misr, Cairo-based unit of UAE's Emaar Properties, has confirmed that Marrasi's land is legally and fully registered at the Egyptian Land Registry under the developer's name.

Hyde Park to Host Cirque du Soleil for 1st Time in Egypt

Hyde Park Developments announced hosting the latest entertainment show for Cirque du Soleil, BAZZAR, for the first time in Egypt this September.

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