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El Attal Mulls EGP 2.5 bn Tourism Project in Ain Sokhna

Chairman of El Attal Holding Ahmed El Attal has revealed that the company intends to develop a residential tourism project in Ain Sokhna, with investments estimated at EGP 2.5 bn

Doja Uncovers EGP 1.2 bn Aurora Project in NAC

Egypt-based Doja Developments has officially launched the first administrative, medical, and commercial complex in the New Administrative Capital (NAC) - or "Aurora," with investments valued at EGP 1.2 bn.

Annual Headline Inflation Dips to 13% in April: CAPMAS

The Central Agency for Public Mobilization and Statistics (CAPMAS) has reported that Egypt's annual headline inflation rate dipped to 13% in April from 14.2% in the prior month.

Ora Developers Unveils 1st Multi-Tower Development in Sheikh Zayed

Egyptian tycoon Naguib Sawiris’ Ora Developers officially kicked off on May 23 its first mixed-use residential project, ZED, located in 6th of October City's Sheikh Zayed, west Cairo, with investments amounted to EGP 35 bn.

Iwan Developments to Launch 2 Residential Projects Outside West Cairo

Iwan Developments unveiled on May 22 its intentions to launch two new residential projects in New Cairo and Ain Sokhna, following the allocation of lands in these areas last February.

El Gazzar Reviews Development of Unsafe Slums, Maspero Triangle

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar held a meeting on May 17 to follow up on the development of Egypt's unsafe informal areas as well as progress made with regards to Maspero Triangle Development Project.

Borg El Arab Development Axis Sees EGP 700 mn Expansion Works: Minister

Egypt's Transport Minister Kamel El Wazir announced on May 24 the completion of developing and expanding Borg El Arab Development Axis, with a total cost reaching EGP 700 mn

Egypt Inks EUR 2 bn Electricity Deal with Cyprus, Greece

Egypt has inked a cooperation agreement worth about EUR 2 bn with Cyprus-based EuroAfrica Interconnector to link the power grids of Egypt, Cyprus, and Greece through Crete, the latter's largest island, aiming to transmit 2,000 megawatts of electricity in either direction in the near future

Egypt Sets Guinness World Record with Tahya Misr Bridge

President Abdel Fattah El-Sisi inaugurated on May 15 Rod El Farag Axis Bridge - or "Tahya Misr Bridge," setting a new Guinness World Record for being the widest cable-stayed bridge with a width of 67.36 meters

SODIC Revenues Grow 84% in Q1 2019

Sixth of October Development and Investment (SODIC) reported on May 19 a sharp rise of 84% YoY in its Q1 2019 revenues, logging EGP 941 mn, compared to EGP 512 mn in the year-ago period, on the back of early handovers at one of its New Cairo projects.

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