News / Egypt

ACUD Starts Competition to Select New Name, Logo for NAC

The Administrative Capital for Urban Development (ACUD), the master developer of the New Administrative Capital (NAC), announced on July 17 the commencement of a public competition to select a new name and logo for the new capital.

DarHub Contracts with valU to Finance Units Finishing

DarHub, a specialist in finishing, decoration and contracting sector, has contracted with valU, financial services provider and affiliated to EFG Hermes, to finance customers wishing to finish their semi-finishing residential units with finance up to EGP 2.5 mn

Porto Group Unveils First-of-its-Kind Project in East Cairo

Porto Group celebrated on July 18 the preliminary launch of its latest compound in Mostakbal City, named “Golf Porto Cairo,” featuring for the first time in Egypt a separate yard with each unit and overlooking a one-of-a-kind golf course.

El Gazzar Visits CED’s Headquarters to Follow Up on Latest Projects

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar paid a visit on July 16 to City Edge Developments' (CED) headquarters in Sheikh Zayed, west Cairo, to follow up on the company’s latest projects in Egypt.

OUD Eyes EGP 300 mn Sales of Summer 2019 Property Exhibitions

Egypt-based Orientals for Urban Development (OUD) targets achieving EGP 300 mn in sales of real estate shows held during summer, starting as of July, participating with a vast portfolio that combines diverse residential, coastal, hotel, and industrial projects.

Living Yards Obtains Ministerial Approval for Developing The Loft 

Egypt-based Living Yards Developments obtained on July 11 ministerial approval for the development of its first flagship project in the New Administrative Capital (NAC), The Loft, which is being implemented with investments estimated at EGP 2.5 bn.

Gov’t Builds 9 New Sanitation Projects in Alexandria

Head of Egypt's Central Authority for Potable Water and Wastewater (CAPWW) Hassan El Far said a total of nine wastewater projects are being implemented in Alexandria, at a combined cost of EGP 3.179 bn.

Shuaa Repels Hikes in Property Prices Under Fuel Price Rises

Dubai-based financial services provider Shuaa Capital expects real estate developers to not raise property prices under the latest round of fuel price hikes, arguing that the increase may reduce demand and eventually lead to a slowdown in sales.

SODIC Establishes New Sporting Club in West Cairo

Sixth of October for Development and Investment (SODIC) celebrated the soft opening of a new upscale sports facility, named "Club S,” aiming to meet the needs of the 15,000 current residents of its flagship projects in Sheikh Zayed, Allegria and SODIC West.

CCR Uncovers Frontgate Mall in NAC

Egypt-based Capital Construction and Real Estate (CCR) has announced the launch of Frontgate Mall in the New Administrative Capital's (NAC) MU23 District.

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