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.
Heliopolis Company for Housing and Development (HHD) has announced offering 32 land plots in Sheraton, Heliopolis, for sale for two weeks, starting May 12.
New Mansoura saw about 4,704 residential units, within 196 buildings, 79% completed in Sakan Misr medium-income project.
Colliers International's "MENA Hotel Forecasts" 2019 report has presented a positive outlook for the performance of the Egyptian hotel market, asserting that the country's hotel market has witnessed 34% growth in Q1 2019
Egyptian President Abdel Fattah El Sisi issued on May 9 a decree approving a framework agreement with China, under which Beijing will offer a soft loan not exceeding CNY 4.604 mn yuan (around EGP 11.415 mn) to Cairo.
Chairman of Egyptian Real Estate Council (ERC) Adel Lotfy said a draft proposal has been completed for the development of social housing projects for young people in partnership with the government
El Wadi for Tourism and Real Estate Investment aims to record nearly EGP 400 mn in sales of its flagship resort in the North Coast, Agora Sidi Abdel Rahman, in 2019, while planning to launch 400 residential units at the project during the same year.
Somabay Development Company has unveiled two latest launches at its Red Sea coastal resort Somabay, namely "Mesca" and "Reeftown Residences," featuring both luxury and modern living together.
The Address Investments Real Estate Consultancy targets sales worth EGP 3 bn for developers this year.
MG Developments, developer of Blue Blue Resort El Sokhna, has announced the launch of the first permanent kitesurfing center in Ain Sokhna, following the period of its experimental operation.
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