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Mostakbal City to Have New Educational Project

El Mostakbal for Urban Development has signed a contract on December 24 with Egypt's Advanced Educational Services to develop an educational project inside Mostakbal City in east Cairo

Savills Appoints New Country Head to Lead its Launch in Egypt

International property advisor Savills has kicked off its operations in Egypt and appointed Catesby Langer-Paget as the new head of Egypt, aiming to expand "its regional presence into Egypt at a time where an influx of industry reports is emerging to highlight the great growth potential of the Egyptian real estate market"

EFG Hermes’ Egypt Education Fund 1st Close Oversubscribed With USD 119 mn

Egyptian investment bank EFG Hermes has announced that its Egypt Education Fund, focused on the country’s K-12 sector, was oversubscribed with total investments of USD 119 mn in its first close - through its private equity arm - exceeding the initially targeted USD 50-100 mn

No Disputes With China’s CSCEC Over NAC’s Towers Project: Housing Ministry

The Egyptian Housing Ministry has disclaimed news published on Al Shorouk newspaper concerning some disputes with the ministry and China State Construction Engineering (CSCE) over the New Administrative Capital's (NAC) skyscrapers project, confirming that work on site is progressing according to the set timetable

Real Estate Tax Law to be Issued Within 1 M: Official

Head of Parliament's Housing Committee Alaa Waly officially stated to Invest-Gate that Egypt's real estate tax law has been approved and will be issued within a month.

SODIC Sponsors Tawasol at Milan’s Handicraft Exhibition

Sixth of October Development and Investment Company (SODIC) sponsored El Tawasol Charitable Association during its participation in Milan’s L'Artigiano in Fiera, the world’s largest handicraft exhibition, held from December 1 to 9

City Edge to Invest EGP 1 bn in Sheikh Zayed’s Etapa in 2019

City Edge Developments CEO Amr El Kady says his company intends to pump EGP 1 bn investments in Sheikh Zayed's Etapa project in west Cairo next year

Marseilia Group, Amlak Finance Ink MoU for Urban Project in Nasr City

Marseilia Real Estate Investment Group has signed a memorandum of understanding (MoU) with UAE's Amlak Finance to develop a new urban project in Nasr City

Exclusive: Africa’s Highest Skyscraper in NAC to be Managed by Raffles

Deputy Minister of Housing for National Projects Khaled Abbas has exclusively revealed to Invest-Gate that the ministry will soon announce its partnership with leading global hospitality company Raffles, which will manage Africa's highest skyscraper in the New Administrative Capital (NAC)

NUCA to Terminate Deal With New Alamein Contractor

Prime Minister and Minister of Housing, Utilities, and Urban Development Mostafa Madbouly has requested the New Urban Communities Authority (NUCA) to terminate a deal with one of the contractors implementing projects in New Alamein, due to its failure to adhere to the set timetables and quality of implementation

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