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TMG Holding Awarded Egypt’s Top Developer for 2018

Egypt-based property developer Talaat Moustafa Group Holding (TMG Holding) was named "The Top Real Estate Developer in Egypt for 2018," during an honoring ceremony that awarded top 100 companies operating in the Egyptian market.

Delivery of Beit Al Watan Lands in New Damietta Started: Official

Head of New Damietta Development Authority Mohamed Ragab said the authority has started delivering plots of the fifth and complementary fifth phases of Beit Al Watan’s lands in New Damietta for Egyptian expats.

Housing Committee to Discuss Real Estate Development Bill

The House of Representatives’ Housing Committee will discuss on January 28 a draft law to regulate real estate development and to establish a federation for real estate developers.

MNHD Calls Off Planned Share-Swap With SODIC

Egypt’s Madinet Nasr for Housing and Development (MNHD) has called off a planned merger via a share-swap with the Sixth of October Development and Investment Company (SODIC) due to failure to reach an agreement with the latter company over the former swap coefficient pact.

El Batal Group Launches New Projects in West, East Cairo

Egyptian real estate developer El Batal Group has officially launched a new residential project in New Cairo, Rock Vera, and another one in 6th of October City, Rock Eden, offering discounts up to 50% on cash payments as well as special installment plans

Gov’t Approves Operations of 4 Lulu Hypermarkets, Other Projects

The New Urban Communities Authority's (NUCA) board of directors approved on January 21 a contract with the Internal Trade Development Authority (ITDA) and UAE-based Lulu Hypermarket to manage and operate four new hypermarkets across Egypt.

Cairo’s JW Marriott Installs Roof-Top Solar Power Station

JW Marriott Hotel Cairo, a luxury hotel and resort brand of Marriott International, launched on January 19 the first solar-powered photovoltaic (PV) roof-top station for electricity generation, attempting to prompt the Egyptian hospitality industry to establish similar stations across the country

Compass’ Bonyan Uncovers WOC in West Cairo

Egypt's Compass Capital, a private equity firm, announced on January 20 that its portfolio company, Bonyan for Development and Trade, has launched the Walk of Cairo (WOC) in west Cairo.

Egypt to Begin Work on Africa’s Tallest Building Within Days: PM

Prime Minister and Minister of Housing, Utilities, and Urban Development Mostafa Madbouly has revealed that the foundations for Africa’s tallest building, a 385-meter tower, in the New Administrative Capital (NAC) will be poured within days and continuously over 80 hours

Gov’t to Deliver 1,160 Social Housing Lands in New Qena

Head of New Qena Development Authority Radwan Abdel Rashid has announced that the authority will start handing over 1,160 social housing land plots on February 3.

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