News / Egypt

Oriental Weavers to Deliver OIC Phase I Before Year-End

Oriental Weavers Group unveild its 10.5 mn square meter Orientals Industrial City (OIC), with investments worth EGP 13 bn, in Ain Sokhna

CGP, Emarat Misr Partner to Set up Multi-Service Station at Alburouj 

Egypt’s community developer Capital Group Properties (CGP), a subsidiary of Abu Dhabi Capital Group and Al Ain Properties, is partnering up with Emarat Misr to establish an a multi-service station at its Alburouj development in east Cairo, near Shorouk City

Misr Italia Properties Begins Construction of VINCI

Misr Italia Properties has commenced the construction of VINCI boutique residential project in the New Administrative Capital (NAC), with investments worth EGP 500 mn.

New Tiba Sees 6,912 Social Housing Units Completed

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said a total of 6,912 social housing units, situated within 288 buildings, have been completed at New Tiba

Four New Schools Underway at El Shorouk City: Official

Head of El Shorouk City Authority Abdul Raouf El Gheity said the authority is currently building four new schools as part of its keenness to support the development of the city's education system.

Rixos Hotels Sets Foot Into Hurghada with 3 New Resorts

Rixos Hotels has uncovered plans to diversify its portfolio in Egypt and expand into Hurghada's Makadi Bay, Magawish, and Sahl Hasheesh, with three new properties slated to open its doors toward the year-end

Cement Division Launches 1st Website for Industry Producers

Cement Division, a subsidiary of Building Materials Chamber at the Federation of Egyptian Industries (FEI), announced on April 22 the launch of its first website, which will provide information to all concerned parties in cement industry in Egypt.

Deutsche Hospitality Plans to Open 2 Hotels in Egypt This Year

Deutsche Hospitality has revealed plans to open two hotels in Egypt in 2019, bringing the total of its hotel openings in Egypt this year to three properties.

Arabian Cement Appoints Salvador Cabanas Lopez as CFO

Egypt’s cement producer Arabian Cement Company (ACC) said its board decided on April 14 the appointment of Salvador Cabanas Lopez as the chief financial officer (CFO).

ACUD Receives Over 10 Foreign Offers to Invest in NAC: Official

Khaled El Hosseini, spokesperson of the Administrative Capital for Urban Development (ACUD), has received more than ten offers by foreign companies to develop projects in the New Administrative Capital (NAC).

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