Brickzey Property Management CEO Ahmed Selim said the company logged EGP 3.5 bn worth of sales in 2019, marking an EGP 1 bn hike compared with the year-ago period.
The second edition of International Property Show (IPS) Riyadh, KSA, generated contractual sales surpassing EGP 600 mn from December 12 to 14, 2019.
The New Urban Communities Authority (NUCA) pumped investments worth EGP 33 bn into different projects nationwide in the prior six months, planning to direct an additional EGP 44 bn by the end of July 2020.
Madinet Nasr for Housing and Development (MNHD) recorded a 15% boost in its presales activities (i.e primary contracts and reservations) year-on-year to log EGP 6.3 bn in 2019.
Egytech Cables, a subsidiary of Egypt's Elsewedy Electric, has inked an EGP 1.2 bn deal to upgrade Cairo Regional Control Center on a turnkey basis.
City Edge Developments (CED) said its board of directors (BoD) has approved the appointment of former Investment Minister Ashraf Salman as the company's chairman to replace Hassan Ghanem, who had been selected for the post last month.
Hassan Allam Holding’s (HAH) subsidiary Intech kicked off the new year with seven new contracts for various infrastructure works nationwide.
State-run Administrative Capital of Urban Development (ACUD) and Egypt's mobile network operator Orange Egypt have teamed up to set up Africa's largest data center for cloud services in the New Administrative Capital (NAC).
Talaat Moustafa Group (TMG) Holding maintained a stable pace of development last year, with real estate transactions dipping by 4% only to hit almost EGP 20.4 bn versus sales in 2018.
Assistant Vice-Chairman of New Urban Communities Authority (NUCA) Gamal Talaat said the upgrading of New Cairo's Obour Axis is underway, which connects 90 Road to Ain Sokhna Road, with investments worth EGP 170 mn.
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