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Invest-Gate’s ‘Bab El Ezz’ Makes Headway in Lepers Lives

Invest-Gate organized on May 15 its first real estate charitable Sohour, dubbed “Bab El Ezz,” at the Nile-Ritz Carlton, Cairo, as part of its efforts to give back to the community by improving lepers’ quality of life.

ODE’s Net Real Estate Sales Spikes 282.8% in Q1 2019

Orascom Development Egypt (ODE) has reported that its net real estate sales soared by 282.8% to EGP 1.5 bn in Q1 2019 versus EGP 397.6 mn in the prior-year period, driven by a rise in unit sales at O West, its first home project, in addition to Red Sea resorts of El Gouna and Makadi Heights.

Egypt’s Free Zone Exports Reach USD 6 bn in 4M: Minister

Minister of Investment and International Cooperation Sahar Nasr said on May 12 that exports of Egyptian free zones amounted to USD 6 bn during the first four months of 2019.

Heliopolis Housing to Sell 32 Plots in Sheraton

Heliopolis Company for Housing and Development (HHD) has announced offering 32 land plots in Sheraton, Heliopolis, for sale for two weeks, starting May 12.

Gov’t Builds 15,936 Housing Units in New Mansoura’s JANNA, Sakan Misr

New Mansoura saw about 4,704 residential units, within 196 buildings, 79% completed in Sakan Misr medium-income project.

Egyptian Hotel Market Sees 34% Growth in Q1 2019: Colliers

Colliers International's "MENA Hotel Forecasts" 2019 report has presented a positive outlook for the performance of the Egyptian hotel market, asserting that the country's hotel market has witnessed 34% growth in Q1 2019

Sisi Approves EGP 11.415 mn Deal with China for Railway Project

Egyptian President Abdel Fattah El Sisi issued on May 9 a decree approving a framework agreement with China, under which Beijing will offer a soft loan not exceeding CNY 4.604 mn yuan (around EGP 11.415 mn) to Cairo.

Egyptian Real Estate Council Proposes Building Social Housing for Youth: Official

Chairman of Egyptian Real Estate Council (ERC) Adel Lotfy said a draft proposal has been completed for the development of social housing projects for young people in partnership with the government

El Wadi Eyes EGP 400 mn in Sales of Agora Sidi Abdel Rahman

El Wadi for Tourism and Real Estate Investment aims to record nearly EGP 400 mn in sales of its flagship resort in the North Coast, Agora Sidi Abdel Rahman, in 2019, while planning to launch 400 residential units at the project during the same year.

Somabay Uncovers 2 New Flagship Residences

Somabay Development Company has unveiled two latest launches at its Red Sea coastal resort Somabay, namely "Mesca" and "Reeftown Residences," featuring both luxury and modern living together.

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