News / Egypt

EMPC Extends Al Hokair’s Rights to Magic Land Overhaul

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, Bombardier Agree on EUR 3 bn Monorail Project

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)

El Gazzar Says 24,130 Units Underway in NAC’s R3 District

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, Alshaya Group Partner for 70 Hampton by Hilton Hotels

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.

New Steigenberger Hotel Opens in North Egypt

Steigenberger Hotels and Resorts, Deutsche Hospitality’s luxury brand, continues to expand its portfolio with the opening of a new lavish hotel in Ras El Bar, North Egypt, offering “a truly stunning setting right at the point where the Nile Delta flows into the Mediterranean."

Misr Italia, Stefano Boeri Ink Deal for Vertical Forest Designs

Misr Italia Properties held a press conference on July 31 to commemorate the signing of a cooperation agreement with Stefano Boeri Architetti to integrate the brand new architectural design concept of vertical forests at its integrated project in the New Administrative Capital (NAC), IL BOSCO.

Arabian Cement Inks Petroleum Coke Deal with Egyptian Refining Co.

Arabian Cement Company (ACC) announced on July 31 the signing of an agreement with the Egyptian Refining Company to supply local petroleum coke, also known as pet coke, with an annual volume of 300,000 tons as of July 2019.

Big 5 Construct Egypt to Kick Off Early September

The Big 5 Construct Egypt will take place from September 2 to 4 at the Egypt International Exhibition Center (EIEC), east Cairo, under the theme "Bringing the World of Construction to Egypt: Product Innovation – Knowledge Sharing – Networking."

Castle Development Launches Springfield in NAC

Egypt's real estate developer Castle Development has launched the third phase of Castle Landmark, named "Springfield," in the New Administrative Capital (NAC), with investments valued at EGP 450 mn.

Gov’t Finalizes 1,080 Distinguished Units in New Alamein

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has announced that 1,080 distinguished housing units, spreading out over 80 buildings, have been finalized in New Alamein, out of the total 1,920 apartments underway.

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