News / Egypt

Egyptian Resorts’ Bay Village Sees Strong Demand

The Egyptian Resorts Company (ERC) has announced recording a significant growth in contracted sales and reservations at its latest Sahl Hasheesh development, Bay Village, since its launch in October

November Inflation Logs Biggest Drop Since 2015

Egypt's annual headline inflation rate declined in November, logging the steepest fall in three and a half years that has reversed an upward trend and recorded 15.7% from 17.7% in October, according to state statistics agency CAPMAS, the first decline after it soared steadily in August on the back of subsidy cuts

NAC’s Smart City Costs EGP 30 bn: ACUD’s Chairman

Chairman of the Administrative Capital for Urban Development (ACUD) Ahmed Zaki Abdeen said that the expected cost of establishing a smart city inside the New Administrative Capital (NAC) stands at EGP 30 bn

El Sewedy, Suez Canal Sign Land Development Deal for Ain Sokhna Plot

Egyptian cable maker El Sewedy Electric’s industrial development unit has inked an EGP 10 bn agreement with the General Authority for Suez Canal Economic Zone (SCZone) to develop a land area in Ain Sohkna

DM Developments Debuts 2nd Phase of The Groove

Egypt's property developer DM Developments has announced launching the second phase of The Groove in Ain Sokhna, dubbed "The Waterfront," encompassing 320 housing units

Constructa Sponsors Negm El Arab, Awards Discounts on Units in The Walk

Constructa for Design, Construction, and Project Management has sponsored "Negm El Arab" festival, organized by What Happens magazine, whereby it handed special awards to the event's super stars

Yafa Mac to Completely Deliver Emirates Heights’ Units in 2019: CCO 

Ramy Haggar, CCO of Yafa Mac Touristic Company, said that the company has delivered 600 units of Emirates Heights' project in the North Coast in 2018, as it plans to finalize the delivery of its remaining units during the forthcoming year

Sky Bridge to Launch 2nd Phase of Jebal El Sokhna Resort

Egypt-based Sky Bridge Development announced that it will launch the second phase of its flagship Jebal El Sokhna Resort in the Red Sea port of Ain Sokhna, on the sidelines of TREEX real estate exhibition in Sharjah

O West Likely to Achieve EGP 71 bn Consolidated Sales Over 10 Years: Official

Mariam Elsaadany, a real estate analyst at HC Research, says that O West project, which is being developed by Orascom Development Egypt (ODE), is expected to generate consolidated sales of some EGP 71 bn over years 2019 to 2029, or about EGP 7.1 bn annually

SODIC Signs Settlement for 1,400-Acre Sheikh Zayed Land

Sixth of October Development and Investment Company (SODIC) said Egypt's Court of Cassation issued a judgment on December 21, 2016, confirming a former judgment issued against its former chairman

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