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Arkan Palm, Gensler Sign Deal to Develop Designs for 205-Acre Project

Arkan Palm for Real Estate Investment Company, a subsidiary of Palm Hills Developments, and Gensler, a global design and architecture firm, signed on May 22 a contract to develop designs and a detailed masterplan of the former's 205-acre project in Sheikh Zayed, west Cairo.

Real Estate Chamber Studies Mechanism for Developers’ Participation in Social Housing

The Real Estate Development Chamber at the Federation of Egyptian Industries (FEI) is considering the mechanism of private real estate compnaies' participation in the development of low- and middle-income housing projects

Master Group Plans for Largest Water Park in Ain Sokhna

Master Group revealed its plan for the establishment of the largest water park city, Ibiza Chillout, in Ain Sokhna, with investments up to EGP 3 bn

Jdar Group Launches Sea View North Coast Phase II

Jdar Group announced on May 19 the launch of the second phase of its 137-acre residential project, Sea View North Coast

Mariout Hills to Establish 1st Sports Medicine City

Mariout Hills Development, a subsidiary of Mariout Hills Group, is preparing to establish the first sports medicine city with a total investment of EGP 162 mn in its sustainable city project in New Alamein, North Coast

Gov’t Alters Regulations of 182 Plots to Residential: Minister

Minister of Public Enterprise Sector Hisham Tawfik said the ministry has officially changed the land use regulations of 182 plots in Egypt, from industrial to residential, as it gears up to offer them for development to real estate companies.

Royal Eyes EGP 250 mn Sales of Egyptian Projects in 2019

Egypt-based Royal for Real Estate Development aims to achieve sales worth EGP 250 mn from its array of projects across the country in 2019.

Invest-Gate’s ‘Bab El Ezz’ Makes Headway in Lepers Lives

Invest-Gate organized on May 15 its first real estate charitable Sohour, dubbed “Bab El Ezz,” at the Nile-Ritz Carlton, Cairo, as part of its efforts to give back to the community by improving lepers’ quality of life.

ODE’s Net Real Estate Sales Spikes 282.8% in Q1 2019

Orascom Development Egypt (ODE) has reported that its net real estate sales soared by 282.8% to EGP 1.5 bn in Q1 2019 versus EGP 397.6 mn in the prior-year period, driven by a rise in unit sales at O West, its first home project, in addition to Red Sea resorts of El Gouna and Makadi Heights.

Egypt’s Free Zone Exports Reach USD 6 bn in 4M: Minister

Minister of Investment and International Cooperation Sahar Nasr said on May 12 that exports of Egyptian free zones amounted to USD 6 bn during the first four months of 2019.

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