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TAMEER Sees 64% Rise in 2018 Consolidated Sales, Profits

Egypt's real estate development and investment company TAMEER achieved a growth rate of 64% in its consolidated sales and profits to total EGP 742 mn for 2018, compared to EGP 453 mn in 2017.

Lafarge Egypt Chosen Cement Supplier to CSCEC’s Projects in NAC

Lafarge Egypt, a member of LafargeHolcim Group, has been chosen by the China State Construction Engineering Corporation (CSCEC) to be the sole cement supplier for the latter's projects being implemented at the Central Business District (CBD) in the New Administrative Capital (NAC).

Palm Hills, Sarwa Capital Seal Securitization Bond Issue

Egypt's Palm Hills Developments uncovered on March 6 closing its latest securitization bond issue with Sarwa Capital Holding for Financial Investments, backed by receivables portfolio of EGP 760 mn in some of the former's projects.

Cityscape to Explore Property Landscape With 3 Regional Shows

Informa Middle East, the organizer of the Cityscape portfolio of events, will host a trio of back-to-back events across Egypt, Saudi Arabia, and the UAE during the period from March 24 to April 18.

Gov’t Targets Doubling Egypt’s Habitable Areas: Minister

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said the state aims to increase Egypt's inhabited land to 12-14%, as only 6-7% of the country's total land area is currently habitable, in order to achieve the objectives of Egypt's National Strategic Plan for Urban Development 2052.

JLL Reveals Key Expectations for Cairo’s Real Estate Market

JLL, a real estate investment advisory firm, expects the Egyptian residential sector to see growing foreign investor confidence in 2019 for its positive performance throughout the prior year.

Aristo Developers to Open 1st Branch in Egypt Next Week

Aristo Developers' Representative for the Middle East and Arab Countries Issam Nasser has revealed the company's plans to launch its new branch in Egypt during the week starting March 10.

Gov’t Plans to Establish 400,000 Units in NAC by Mid-2020

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has announced plans to finalize the construction and operational works of more than 40,000 residential units in the New Administrative Capital (NAC), in addition to a number of utility and service projects, by the end of June 2020.

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.

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