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SODIC to See Investments Worth EGP 5.15 bn in 2019

Sixth of October Development and Investment (SODIC) has announced plans to pump EGP 5.15 bn worth of investments into its development projects during 2019.

First Group Mulls New Project in NAC

Egypt's property developer First Group considers the implementation of an administrative project in the New Administrative Capital (NAC) in the coming period.

Progate Uncovers EGP 2 bn Zavani in NAC

Progate Development launched on March 27, the first day of Cityscape Egypt 2019, its newest residential project in the New Administrative Capital (NAC), Zavani.

Sorouh to Invest EGP 1.5 bn in NAC’s Entrada Avenue Mall

Egypt's Sorouh Developments intends to inject investments worth EGP 1.5bn in Entrada Avenue Mall this year.

ITDA Awards Construction of 6 Logistic, Commercial Zones

The Internal Trade Development Authority (ITDA) has awarded contracts to some Egyptian and foreign investors to develop six logistics and commercial zones in six different governorates, with combined investments worth EGP 30 bn.

MNHD Sells Plot in Taj City to Develop Apartment Hotel

Madinet Nasr Housing and Development (MNHD) announced on March 26 that it will sell a non-residential plot in Taj City, east Cairo, to Minka Real Estate Investment for EGP 184.8 mn, in a bid to develop the first hotel apartments building within the compound.

Akam Developments Plans to Launch 2nd Project in NAC

Egypt-based Akam Developments has announced plans to launch its second residential project in the New Administrative Capital (NAC), following the success it garnered from its previously released project, Scenario.

SAK Developments Targets EGP 500 mn in Sales of Sueño in 2019

SAK Developments targets EGP 500 mn in sales of its Sueño compound in the New Administrative Capital (NAC) in 2019.

Cityscape Egypt 2019 Marks Success with New Project Launches

Cityscape Egypt held its eighth edition of the country's largest networking exhibition at Egypt International Exhibition Center (EIEC), east Cairo, from March 27 to 30, with an expanded portfolio of exhibitors and a number of new project launches, reinforcing the show's role at the heart of the reinvigorated Egyptian real estate market.

Orascom Construction Net Profit Soars 84% in FY 2018

Egypt's Orascom Construction logged a sharp rise of 84% in net profits for FY 2018 to record USD 144.7 mn, compared to USD 78.5 mn a year earlier

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