Ministry of Investment and International Cooperation has announced the launch of two new companies at an issued capital of EGP 400 mn between January 3 and 9, including a new real estate company named Tharwa for Real Estate Development
Minister of Housing, Utilities and Urban Communities, Moustafa Madbouly visited the first batch of finished villas in the New Administrative Capital’s (NAC’s) R5 residential district named New Garden City.
Investments in the oil and real estate sectors accounted for the lion’s share of net foreign direct investments (FDIs) in Egypt during the first quarter of FY 2017/18.
Minister of Housing, Utilities and Urban Communities, Moustafa Madbouly witnessed the launch of construction works at the Central Park (green river) in the New Administrative Capital (NAC).
French cement manufacturer Vicat Group has announced plans to invest up to EUR 50 mn in its Egyptian subsidiary Sinai Cement Company.
Egypt-based Pyramids Developments has commenced drilling works at its new project, Grand Square Mall, the first commercial administrative medical mall in the New Administrative Capital's (NAC) Central Business District (CBD).
The Central Bank of Egypt (CBE) has announced that Egypt's annual headline inflation rate fell to 12% in December 2018, down from 15.7% in November of the same year, following a decrease in fruits and vegetable prices
Amr Soliman, chairman of Mountain View, said the company targets achieving EGP 5 bn contractual sales from its projects during 2019, while planning to sign construction contracts worth EGP 2.5 bn in the same year.
The Real Estate Development Chamber at Federation of Egyptian Industries (FEI) has signed a cooperation protocol with Dubai Land Department (DLD) on the sidelines of International Property Show (IPS) Egypt, to promote mutual real estate investments among developers in both countries.
General Manager of El Tayebi Developments Omar El Tayebi has unveiled that his company intends to launch a new project in the New Administrative Capital (NAC) during Cityscape Egypt next March.
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