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Abdullah Al-Othaim Introduces 1st Snow City in Egypt

KSA-based Abdullah Al-Othaim Leisure and Tourism Company has introduced its very first snow city concept at City Stars Mall, east Cairo, with investments estimated at EGP 500 mn, allowing visitors to "live-in" a snow milieu all-year-round.

Marakez Uncovers 2nd Mall in Delta Region

Marakez for Real Estate Investment, a subsidiary of Saudi Arabia’s Fawaz Alhokair Group, has officially acquired a plot from the Internal Trade Development Authority (ITDA) to build Mansoura's first regional internationally-modeled shopping complex, Mall of Mansoura.

Reservation Starts at SECON’s Bleu Vert in NAC

The Saudi Egyptian Construction Company (SECON), an equally owned company by both Saudi and Egyptian governments, said clients can start reserving units at its new project in the New Administrative Capital (NAC), Bleu Vert, as of July 10.

Emaar Misr, El Nasr Housing Reach Dispute Resolution Deal

Emaar Misr has announced signing a preliminary deed of settlement with the state-owned company El Nasr Housing and Development, dropping their arbitration cases filed at the Cairo Regional Center for International Commercial Arbitration

Savills Upbeat on Cairo Real Estate Market

The Middle East’s real estate services provider Savills revealed that Cairo’s real estate market continues its rapid growth

Orascom Construction Adds USD 935 mn to Backlog in Q2

Egypt-based Orascom Construction has unveiled that new awards grew 40% YoY to around USD 935 mn (EGP 15.52 bn)  in the second quarter of 2019.

Gov’t to Finalize Over 3,000 Units in West Assiut Next Month: Minister

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has revealed that a total of 3,024 units will be completed in Nasser City, west Assiut, by the end of August.

Club Villa Phase I Sold Out Within 5 Hrs: Mountain View

Egypt's property developer Mountain View has completed the sale of the first phase of its latest project at Mountain View iCity Club Park, Club Villa, in east Cairo, within five hours of its launch.

EIB Plans to Finance NAC’s Monorail Project

The European Investment Bank (EIB) eyes financing the monorail project that will link Greater Cairo to the New Administrative Capital (NAC).

RFCO Announces 30% Rise in IL Mondo Prices

Ramy Fares Company for Construction Development (RFCO) has announced a 30% increase in the unit prices of its New Administrative Capital (NAC) project, IL Mondo.

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