News / Egypt

New Real Estate Firm Launched With EGP 300 mn Capital

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

Madbouly Visits 1st Batch of Villas in New Garden City

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.

Net FDIs in Real Estate Reach USD 237.4 mn: CBE

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.

Construction Works Start at NAC’s Central Park

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).

France’s Vicat to Pump EUR 50 mn in Sinai Cement

French cement manufacturer Vicat Group has announced plans to invest up to EUR 50 mn in its Egyptian subsidiary Sinai Cement Company.

Pyramids Developments Begins Work on NAC’s Grand Square Mall

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).

Annual Headline Inflation Drops to 12% in December: CBE

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

Mountain View Eyes to Record EGP 5 bn Sales in 2019: Chairman

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.

Egypt, DLD Sign Cooperation Protocol to Promote Real Estate Investment

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.

El Tayebi Developments Intends Launching New Project in NAC Soon

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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