Orascom Investment Holding (OIH) Executive Chairman Naguib Sawiris will succeed Tamer El Mahdi as the company's new CEO, after the latter submitted his resignation, effective December 31, while also maintaining his current position.
Shorouk City Authority will for the first time entirely finance the implementation of a three-acre commercial center, located northeast Cairo, endeavoring to expand into and specialize in various investment fields
Madinet Nasr for Housing and Development’s (MNHD) board has given the go-ahead to lease a 3,000-square-meter plot in its New Cairo compound, Sarai, to Total Egypt for 25 years, adding up to the latter’s 7,000-square-meter gas service station.
US-based commercial real estate services firm JLL has highlighted that Cairo’s real estate market saw a positive performance across all subsectors, including hotel, residential, retail, and administrative developments, in Q3 2019.
Egypt's property developer Madinet Nasr Housing and Development (MNHD) reported a consolidated net profit of EGP 631 mn during the first nine months of 2019, a decline from EGP 869.1 mn during the same period last year.
Orascom Construction has revealed that construction and commissioning work at Egypt's Ras Ghareb Wind Energy project is complete 45 days ahead of schedule.
CEO of City Edge Developments (CED) Amr El Kady has revealed that his company's revenues touched EGP 20 bn over the course of 20 months
The Social Housing and Mortgage Finance Fund has unveiled the 12th announcement of residential units, offering several ready-for-delivery units worth EGP 197,000 each across Egypt, as part of its Lower Egypt and Canal Zone Development Initiative
Egypt’s gross domestic product (GDP) leaped by 5.6% in Q1 2019, registering the highest rate in 11 years, despite the slowdown in global economic growth, which reached 3.8% last year.
The New Urban Communities Authority (NUCA) Deputy Chairman Abdulmutallab Emara has announced that the government plans to issue a new law for the registration of ready phases of any new project to ease the whole process.
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