CEO of Wadi Degla Holding Maged Helmy said the firm is allocating EGP 5.3 bn for construction works of its projects in Egypt in FY 2019/20.
Marakez for Real Estate Investment, a subsidiary of Saudi Arabia’s Fawaz Alhokair Group, plans to open its latest commercial project, Mall of Tanta, in Gharbia governorate next August, with total investments of about EGP 1 bn.
As determent to providing for the upgrade of urban living with its massive project El Mostakbal City, El Mostakbal For Urban Development invests in the less fortunate through a number of charity work across the capital.
Minister of Investment and International Cooperation Sahar Nasr has announced that the number of projects being developed in Port Said Public Free Zone reaches 1,090 developments, with a combined capital of USD 12.5 bn and USD 2.5 bn worth of foreign direct investments (FDIs).
Egypt-based property developer Master Group has announced that the company plans to pump EGP 12 bn worth of investments into its two flagship projects, The City and The City Valley, in the New Administrative Capital (NAC).
The Egyptian government's participation in MIPIM 2019, the largest real estate exhibition in the world, along with major private developers, marks a big gain and major step forward.
UK-based property advisor Savills has signed a prominent joint venture (JV) agreement with Egypt-based Sphere Property Management, in a bid to strengthen the company’s presence in Egypt.
The Administrative Capital for Urban Development (ACUD) has managed to develop 90% of water infrastructure in the first phase of the New Administrative Capital (NAC).
Egypt's developer Al Ahly Sabbour Developments targets EGP 6 bn in sales of its projects in the current year, compared to EGP 5.5bn in 2018.
The Central Agency for Public Mobilization and Statistics (CAPMAS) has reported that the annual headline inflation rate reached 14.4% in February 2019, compared to 12.7% in the prior month.
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