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PACT Makes EGP 2 bn Sales of North Coast’s White Bay

PACT for Investment and Real Estate Development, an Egyptian real estate developer, has announced achieving EGP 2 bn in sales of its North Coast project White Bay during 2018.

NUCA Invested EGP 5 trn in 4 Years: Official

Assistant Minister of Housing for the Affairs of the New Urban Communities Authority (NUCA) Waleed Abbas said the authority has developed 375 real estate projects in different cities with investments of EGP 5 trn over four years.

TMG Holding Inks MoU With Huawei for Smart Cities Services

Talaat Mostafa Group (TMG) Holding has signed a memorandum of understanding (MoU) with the international telecommunication giant Huawei Technologies to provide new smart solutions in the security and privacy field, aiming to bring about the digital transformation of living in Egypt and the Middle East.

IPS Records EGP 430 mn Sales in 4 Days

International Property Show (IPS) Egypt, held from January 10 to 13, has achieved a sales volume of EGP 430 mn during the four-day event.

Orascom to Achieve Up to EGP 3.5 bn Revenues in 2018: Official

Osama Bishay, managing director of Orascom Construction Company, has expected the company's consolidated revenues to range between EGP 3 bn and 3.5 bn in 2018.

Property Purchases for Investment Hit 85% in 2018: Tatweer Misr

Tatweer Misr's Managing Director and Board Member Ahmed Shalaby said that 85% of real estate purchases during the past year were for investment purposes compared to 70% recorded in 2017.

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).

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