News / Egypt

Ora Developers Invites World Clubs to Partake in ZED Cup’s 1st Edition

Egyptian tycoon Naguib Sawiris’ Ora Developers has announced the launch of the first edition of ZED Cup, organized between August 25-30, taking place at its newly-introduced sports complex in ZED Park.

Imkan Obtains Land Plot in New Cairo

Imkan Properties, the real estate arm of Abu Dhabi Capital Group (ADCG), has been allotted a 166-acre plot in New Cairo by the Ministry of Housing, Utilities, and Urban Communities, worth a total of EGP 5 bn.

Gov’t Extracts 97% of Rubble in Maspero Triangle

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar held a meeting on July 17 to follow up on progress made with regards to Maspero Triangle Development Project, whereas 97% of rubble were extracted off-site.

White Bay Unveils Nirvana Serviced Huts at Sidi Heneish

Egypt-based PACT for Investment and Real Estate Development has unveiled its newest addition at the heart of Sidi Heneish, Nirvana Huts, extending over the silky beach of its residential project White Bay.

ACUD Starts Competition to Select New Name, Logo for NAC

The Administrative Capital for Urban Development (ACUD), the master developer of the New Administrative Capital (NAC), announced on July 17 the commencement of a public competition to select a new name and logo for the new capital.

DarHub Contracts with valU to Finance Units Finishing

DarHub, a specialist in finishing, decoration and contracting sector, has contracted with valU, financial services provider and affiliated to EFG Hermes, to finance customers wishing to finish their semi-finishing residential units with finance up to EGP 2.5 mn

Porto Group Unveils First-of-its-Kind Project in East Cairo

Porto Group celebrated on July 18 the preliminary launch of its latest compound in Mostakbal City, named “Golf Porto Cairo,” featuring for the first time in Egypt a separate yard with each unit and overlooking a one-of-a-kind golf course.

El Gazzar Visits CED’s Headquarters to Follow Up on Latest Projects

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar paid a visit on July 16 to City Edge Developments' (CED) headquarters in Sheikh Zayed, west Cairo, to follow up on the company’s latest projects in Egypt.

OUD Eyes EGP 300 mn Sales of Summer 2019 Property Exhibitions

Egypt-based Orientals for Urban Development (OUD) targets achieving EGP 300 mn in sales of real estate shows held during summer, starting as of July, participating with a vast portfolio that combines diverse residential, coastal, hotel, and industrial projects.

Living Yards Obtains Ministerial Approval for Developing The Loft 

Egypt-based Living Yards Developments obtained on July 11 ministerial approval for the development of its first flagship project in the New Administrative Capital (NAC), The Loft, which is being implemented with investments estimated at EGP 2.5 bn.

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