News / Egypt

Egypt Holds 4th Largest Pipeline of Branded Residences: Savills

Egypt and the UAE hold the largest volume of under-development branded homes, accounting for around 21%, with the former country currently having two branded residence schemes and 14 projects in the pipeline.

SODIC East Sees 1st Release of Apartment Buildings

Egypt-based Sixth of October Development and Investment Company (SODIC) has released the first phase of apartment buildings in its newest mixed-use development in east Cairo, or "SODIC East"

Company Registration 1st Step for Direct Land Allocation: Minister

Investors eager to get mixed-use land plots through the New Urban Communities Authority's (NUCA) new direct allocation system should initially set up a company (joint-stock, solidarity, or individual) that engages in the desired investment activity

Egypt Remains Africa’s Top FDI Recipient in H1: UNCTAD

Egypt continues to be Africa's largest recipient of foreign direct investment (FDI) flows in H1 2019, attracting USD 3.6 bn (EGP 58.2 bn), thanks to the new investment deals that have been recently announced

IPS Riyadh to Host 16 Egyptian Developers Next December

The International Property Show (IPS) Riyadh, KSA, will host 16 Egypt-based property developers, meeting the government's plans to export Egyptian real estate abroad and convening from December 12 to 14, under the theme "Invest in Egypt."

Egypt to Convene Chicago’s CTBUH 2021

Chicago's Council on Tall Buildings and Urban Habitat (CTBUH) has approved Egypt's membership in the council and agreed to convene the 2021 edition of its conference in the North African country.

EIB Eyes EUR 90 mn Loan to Refine Tanta-Damietta Railway

The European Investment Bank (EIB) considers extending an EUR 90 mn loan to refine the Tanta-Mansoura-Damietta rail line, which is currently undertaken by the Egyptian government at costs amounted to EUR 193 mn.

Beta Egypt to Invest EGP 400 mn in Mostakbal City

Egypt-based Beta Egypt for Urban Development plans to pump up to EGP 400 mn into its flagship project, Beta Greens New Cairo, located in Mostakbal City, until late 2020

Works at Amer Group’s Porto Heliopolis Paused

Amer Group has confirmed that works at its latest project in east Cairo, Porto Heliopolis, owned by its subsidiary Delmar for Touristic Development, have been temporarily suspended by the competent authorities.

Kafr El Dawar Embraces EGP 130 mn Social Housing Project

Kafr El Dawar's social housing project, located in Beheira Governorate, has been officially inaugurated, with investments worth EGP 130 mn.

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