Samir Aref has been named the new chairman of ARDIC for Real Estate Development and Investments' board of directors, whilst Mohamed Dawood was entitled as its vice-chairman, a step coming as part of the company’s structural reforms.
Egypt's real estate developer Tatweer Misr is fully handing over this summer phase I of Fouka Bay, its mixed-use project on the North Coast, delivering a total of 169 luxury-finished residential units.
President Abdel-Fattah El-Sisi ratified on August 5 amendments to several provisions of Egypt's New Investment Law, promulgated by Law No. 72 of 2017.
New Mansoura sees about 11,232 residential units, within 468 buildings, 50% completed in JANNA luxury housing project, while 4,704 apartments are 80% finished in the city's Sakan Misr medium-income project
The Address Developments, an affiliate to The Address Investments Real Estate Consultancy, has acquired a 25-acre plot in Fifth Settlement, New Cairo, at an investment value of EGP 2 bn.
Emaar Misr, a wholly-owned subsidiary of UAE-based Emaar Properties, reported a 91% drop year-on-year (YoY) in its profits during the first half of 2019
Egyptian Media Production City’s (EMPC) board has approved extending its agreement with KSA-based Al Hokair Group to redevelop and manage Magic Land, the former's amusement park in west Cairo, under a build-operate-transfer framework
Egypt partnered on August 4 with Canada’s Bombardier Transportation for planned EUR 3 bn monorail project, linking 6th of October City to the New Administrative Capital (NAC)
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has revealed that around 24,130 units are under construction in the New Administrative Capital's (NAC) R3 residential district, marking a completion rate of 75%.
Hilton and Alshaya Group announced on July 31 the exclusive signing of a master development agreement to launch and develop 70 Hampton by Hilton hotels in nine countries, most of which will be in the Middle East, North Africa, Turkey, and Russia.
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