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El Shahawi Group Targets Total Sales of EGP 10 bn

Egypt's property developer El Shahawi Group has kicked off implementation works at its two coastal projects, namely Ein Hills and Pali in Ain Sokhna and the North Coast, respectively, eyeing total sales of around EGP 10 bn.

Palm Hills, NUCA Agree to Co-Develop Mixed-Use Project in West Cairo

Palm Hills Developments announced on March 24 that its subsidiary, Arkan Palm for Real Estate Investment Company has signed a co-development deal with the New Urban Communities Authority (NUCA) to develop a mixed-use innovative urban project in Sheikh Zayed, west Cairo, on a revenue sharing basis.

SODIC, NUCA to Build PPP Urban Project in Sheikh Zayed

Sixth of October Development and Investment Company (SODIC) has inked a partnership agreement with the New Urban Communities Authority (NUCA) to build a public-private partnership (PPP) urban project over 500 acres in Sheikh Zayed, west Cairo.

Cairo Festival City to Take Part in Cityscape Egypt 2019

Cairo Festival City, one of Al-Futtaim Group Real Estate's projects in Egypt, has announced its participation in Cityscape Egypt from March 27 to 30, attempting to showcase an array of projects at the real estate exhibition.

Palm Hills Mulls Developing Project in New Mansoura

Egypt's real estate developer Palm Hills Developments studies developing a new project across 100 or 200 acres in New Mansoura city and is currently preparing the project's feasibility studies.

Housing Minister Checks Out New Alamein for Latest Updates

The first phase of New Alamein’s seven-kilometer corniche is 85% completed, while construction works have already begun on 12,000 housing units in the new city's Latin Quarter.

Benban Solar Park Wins WB’s Best Project Award

The World Bank (WB) has picked Aswan-based Benban solar power park for an annual award as the world's top project.

Aqar Masr Targets EGP 2 bn Sales of ANAKAJI Compound in NAC

Egypt-based Aqar Masr for Real Estate Development targets achieving EGP 2 bn in total sales of its first project in the New Administrative Capital (NAC), ANAKAJI.

Housing Ministry, Developers Will Soon Meet to Review Real Estate Development Bill

Egyptian real estate developers and the Ministry of Housing will meet by March-end to discuss the draft law of real estate development bill, which stipulates the establishment of a federation for property developers and set up a fund to hedge against sector-related risks.

Amlak Finance Expects Egypt’s Mortgages to Surpass EGP 3 bn in 2019

Mohamed Salama, marketing and product manager at Amlak Finance Egypt, expects the value of mortgage financing to surpass EGP 3 bn in 2019.

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