News / Egypt

MBG Development Achieves EGP 300 mn Sales at Cityscape Exhibition

Egypt’s real estate developer MBG Development has achieved EGP 300 mn in sales of Pukka project in the New Administrative Capital (NAC) in during its participation at Cityscape Egypt exhibition, which was held from March 27 to 30.

New Plan Developments’ Sales Hit EGP 192 mn at Cityscape Egypt

New Plan Developments achieved EGP 192 mn in sales of its three projects in the New Administrative Capital (NAC) during Cityscape Egypt 2019, from March 27 to 30.

Maxim Invests EGP 14 bn in North Coast’s Bo Islands

Egypt's property developer Maxim Investment Group has pumped investment worth EGP 14 bn in Bo Islands, its latest project in Sidi Abdelrahman, North Coast, on the back of its plans to fully deliver it by 2022.

Palm Hills Nods EGP 78 mn Capital Hike

Palm Hills Developments' board of directors have agreed to raise the company's capital to EGP 6.235 bn from EGP 6.157 bn, an increase of EGP 78 mn.

CBE Reports USD 44.11 bn Foreign Reserves by End-March

The Central Bank of Egypt (CBE) announced on April 3 that the country’s net foreign reserves climbed to USD 44.11 bn at the end of March, up from USD 44.06 bn a month earlier.

World Bank Contribute USD 1.3 bn to Housing Ministry Projects

The Egyptian housing ministry has confirmed that the World Bank (WB) contributions to the first phase of the state's social housing project and the first phase of the sustainable sanitation program stand at USD 500 mn each.

#TimeToGiveBack: Invest-Gate Invites Real Estate Industry to Its Charitable Sohour

Under the slogan, "Time to Give Back," Invest-Gate is to host its first annual real estate industry charitable sohour, this Ramadan, giving back to the Leprosy community across Egypt.

NUCA to Offer 1,982 Plots in 13 New Cities

The New Urban Communities Authority (NUCA) is offering 1,982 plots in 13 new cities for different income classes, through a land lottery system, starting April 7.

Gov’t Completes 3,744 Social Housing Units in New Qena

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said 3,744 social housing units are completed in New Qena, while 864 units are under construction.

CGP Appoints Mostafa Salah as CCO

Capital Group Properties (CGP), the community developer owned by Abu Dhabi Capital Group (ADCG) and Al Ain Properties, has appointed Mostafa Salah as its new chief commercial officer (CCO).

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