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Elsewedy Electric Acquires Renewable Energy Assets in Greece

Elsewedy Electric, an integrated energy and infrastructure solution provider, has entered into a purchase agreement with R.F. Energy, a subsidiary of F.G Europe, to acquire 100% stake in four Greece-based companies for EUR 55 mn.

Mall of Arabia Hosts CIB PSA World Tour Finals for 1st Time

West Cairo's Mall of Arabia, one of the commercial projects built by Marakez for Real Estate Investment, a subsidiary of Saudi Arabia’s Fawaz Alhokair Group, was selected by the prestigious Professional Squash Association as the host venue for 2018/19 CIB Professional Squash Association (PSA) World Tour Finals from June 9 to 14.

Royal Uncovers EGP 500 mn Capital Prime in NAC

Egypt’s Royal for Real Estate Development has uncovered establishing a mixed-use project in the New Administrative Capital (NAC), dubbed "Capital Prime," with investments worth EGP 500 mn.

New Alamein Int’l University to Open This Fall

Deputy Minister of Housing, Utilities, and Urban Communities for National Projects Khaled Abbas announced on June 17 the inauguration of New Alamein International University for Sciences and Technology in the North Coast, with the first academic year scheduled to commence as of next September.

El Gazzar Impels Saudi Businessmen to Invest in Egypt

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said the government is moving forward with the National Strategic Plan for Urban Development of Egypt, naming some mega national projects such as Dabaa and New Alamein, and revealing plans to establish more in Marsa Matrouh and Beheira provinces.

Builders of Egypt 2019 Braces Developing Exports for More Investments

Prime Minister Mostafa Madbouly inaugurated on June 16 the fifth edition of Builders of Egypt forum, under the rubric "Exporting Egypt’s Real Estate and Contracting Services: A New Future of Investments," with more than 500 local, Arab, and African high-profile officials and business executives taking part to achieve integration among the continent's nations.

Over 260 Development Projects Underway in Giza: Official

Giza Governor Ahmed Rashid said on June 11, during a meeting held with Prime Minister Mostafa Madbouly, that 260 projects are underway in the province, with costs estimated at EGP 12.5 bn, in addition to other developments being established with EGP 217 mn worth of investments.

ODE Signs EGP 3.8 bn Debt Rescheduling Package with Egyptian Banks

Orascom Development Egypt (ODE), the largest subsidiary of Orascom Development Holding in Egypt, has signed CHF 228.1 mn (nearly EGP 3.82 bn) debt rescheduling package, a step coming to boost the company's balance sheet and generate more flexibility in growing its projects.

NUCA to Soon Offer More Housing Units, Lands in New Cities

The New Urban Communities Authority (NUCA) will soon offer additional lands and residential units in various new cities as well as Sakan Misr for middle-class housing, in order to meet demands of the distinct segments seeking to invest or reside in these areas.

Gov’t to Pass Heliopolis Housing Management to Private Investor

Egypt's Ministry of Public Enterprise Sector and Holding Company for Construction and Development have given principal approval to pass management of Heliopolis Company for Housing and Development (HHD) to a strategic real estate investor.

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