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Mariout Hills Invests EGP 2.4 bn in Swiss Ranches Phase I

Ahmed Hassan, chairman of Mariout Hills Developments, a subsidiary of Mariout Hills Group, has revealed that investments worth EGP 2.4 bn were pumped into the first phase of the company's residential project in New Alamein, Swiss Ranches - the first integrated eco-housing venture in the region.

Al Marasem Uncovers New Partnership System at Fifth Square Project

Al Marasem International for Development, affiliated to Saudi Binladin Group, has launched a new partnership system at its Fifth Square project in New Cairo, enabling clients to invest in a top-quality product with a high rate of return on investment (ROI).

Heliopolis Housing Eyes Launching Smart Zone

The Heliopolis Company for Housing and Development (HHD) studies launching a smart zone in partnership with a UAE investor

AccorHotels Plans to Open Over 30 Hotels in Egypt Within 2 Yrs

AccorHotels CEO for Middle East and Africa Mark Willis announced plans for opening 60 new hotels in 14 countries in Africa in the next four years

Orascom Construction JV to Build Water Treatment Plant for USD 739 mn

Orascom Construction has announced that its 50:50 joint venture (JV) with Arab Contractors has signed an engineering, procurement, and construction (EPC) contract worth USD 739 mn to build a water treatment plant in Egypt

Orascom Construction Seals USD 475 mn Deals in Q1 2019

Egypt-based Orascom Construction has announced adding new contracts worth USD 475 mn to its backlog during the first quarter of 2019, driving the company’s consolidated backlog to hit nearly USD 4.2 bn as of March 31.

Egypt Inks USD 3 bn Loan Deal with Chinese Bank for NAC Business Zone

Egypt signed on April 28 a USD 3 bn loan with the Industrial and Commercial Bank of China (ICBC) to finance the designing and establishment of the Central Business District (CBD) in the New Administrative Capital (NAC), east Cairo.

NUCA Allocates 113 Plots in 24 New Cities in 2018

The New Urban Communities Authority (NUCA) has allocated 113 plots, with a total area of 2,530 acres, in 24 new cities during 2018, in a bid to meet the country's investment demands and accelerate the development of new cities

Sheikh Zayed’s JANNA Project to Offer 4,920 Units: Minister

Assem El Gazzar, minister of housing, utilities, and urban communities, has revealed that JANNA luxury housing project will boast 4,920 fully-finished residential units in west Cairo's Sheikh Zayed.

MARAKEZ Awards Hassan Allam Construction of AEON Towers

Egypt's mixed-use developer Marakez has awarded Hassan Allam Construction, a subsidiary of Hassan Allam Holding (HAH), the construction work of AEON Towers in West Cairo, Invest-Gate reports.

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