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Rixos Hotels to Soon Unveil New Projects in Egypt

Rixos Hotels is set to announce new development projects across a number of Egypt's coastal areas during its participation in the 53rd edition of the ITB Berlin 2019, the world's largest tourism trade fair.

Egypt’s Residential Properties to See Continued Demand: Experts

Prices of residential properties in Egypt are set to continue hiking in 2019, despite the rising trends geared towards decreasing prices, including the provision of smaller properties, more flexible payment methods, and the emerging demand on Egyptian real estate from foreign buyers.

Net Foreign Reserves Hit USD 44.06 bn by February-End: CBE

The Central Bank of Egypt (CBE) announced on March 4 that the net foreign reserves surged to USD 44.060 bn at the end of February, up from USD 42.616 bn a month earlier

Palm Hills Wins BT100 ‘Exceptionally Innovative Project’ Award

Egypt's developer Palm Hills Developments has been awarded, for the second year in a row, the prestigious BT100 “Exceptionally Innovative Project” accolade for its revolutionary creative city project in 6th of October City, Badya.

Disputes Between Emaar Misr, El Nasr Show Potential Resolution

Emaar Misr for Development said the arbitration case filed by El Nasr Housing and Development is still under court review, confirming that negotiations are positive.

Concrete Works at Africa’s Tallest Building Begin: Minister

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said works started on installing the reinforced concrete for the foundations of Iconic Tower, Africa’s tallest building in the New Administrative Capital (NAC)

Amer Group Decides to Delist from EGX

Egypt-based property developer Amer Group said its board decided to voluntarily delist the company’s shares from the Egyptian Stock Exchange (EGX).

AIIB’s Loan Approved for Rural Sanitation Services

Egyptian parliament's Housing Committee approved on March 2 presidential decree no. 43 of 2019 for the Asian Infrastructure Investment Bank's (AIIB) loan to improve rural sanitation services.

El Attal’s Park Lane Compoundhood Achieves EGP 122 mn Sales

Vice Chairman of El Attal Holding Mohamed El Attal unveiled on March 3 that the developer achieved EGP 122 mn in sales of its residential project, Park Lane Compoundhood, in the New Administrative Capital (NAC) after one day of its official launch

Over 500 Distinguished Units Reserved in New Alamein: Official

Deputy Chairman of New Urban Communities Authority (NUCA) for Real Estate and Commercial Affairs Tarek El Sebai has revealed that 536 distinguished units have been reserved in New Alamein's social housing project

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