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Hyde Park to Pump EGP 4 bn in Two Projects

Egypt's Hyde Park Developments has announced plans to invest EGP 4 bn in two mega projects, namely Hyde Park in New Cairo and Coast 82 in the North Coast

Orascom Hotels, Thomas Cook Ink Deal for New Hotels in El Gouna

Orascom Development Holding's hotel subsidiary Orascom Hotels Management (OHM) inked on December 19 an agreement with global travel company Thomas Cook Group to establish a new beachfront hotel property in El Gouna, in addition to rebranding another hotel in the area

IPS Egypt to Take Place from January 10 to 13

Strategic Marketing and Exhibitions Company and MREC Integrated Real Estate Services are set to organize International Property Show (IPS) Egypt, the Middle East’s biggest property show platform for local and international real estate markets, in Cairo from January 10 to 13, under the auspices of Prime Minister and Minister of Housing, Utilities, and Urban Development Mostafa Madbouly

First Group to Fully Deliver KENZ Compound by 2020

First Group for Real Estate Investment has announced plans to deliver the units of KENZ compound in 6th of October City by 2020, at an investment value of EGP 800 mn

The Walk Launches New Service for Doctors

Constructa for Design, Construction, and Project Management launched on December 17 a new service called "Triple S" at The Walk shopping mall, allowing doctors to rent their clinics for EGP 24 per hour and only pay for the hours they use

China’s CFLD Plans to Invest USD 20 bn in Egypt Halted: Officials

Officials in charge of delivering a USD 20 bn development in the New Administrative Capital (NAC) said two years of talks with China Fortune Land Development (CFLD) have halted following financial disagreements between the two parties

Sisi Inaugurates Al Mahrousa 1 in El Salam City

Egyptian President Abdel-Fattah El-Sisi inaugurated on December 15 a social housing project in El-Salam City, Al Mahrousa 1

Orascom to Provide Tourist Facilities at Giza Pyramids

The Supreme Council of Antiquities (SCA) has signed a contract with Orascom Investment Holding on December 13 to provide and operate high-quality services and facilities at the area surrounding the Pyramids of Giza, retaining the council's authority over the area

ACUD Receives Former Ethiopian Prime Minister, AIIB Delegation

The Administrative Capital for Urban Development (ACUD) welcomed on December 12 the former Prime Minister of Ethiopia Haile Meriam Desaline to introduce him to one of the most important development projects in Egypt, the New Administrative Capital (NAC)

ODE, NUCA Ink Final Agreement to Co-Develop 1,000 Acres in West Cairo

Orascom Development Egypt (ODE) has signed the final agreement with the New Urban Communities Authority (NUCA) to co-develop a 1,000- acre integrated community project in 6th of October City, west Cairo based on a revenue-sharing model

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