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Emaar Misr Denies Talks Over Acquisition of MNHD

Cairo-based Emaar Misr for Development has denied news regarding negotiations with Madinet Nasr Housing and Development (MNHD) over an acquisition.

Gov’t Seeks Extending Mortgage Finance

Egypt’s Ministry of Housing is currently studying other alternatives for the state’s limited mortgage finance system, taking into account the initiatives and suggestions proposed by some real estate developers, including launching a fund to support the interest rates of real estate’s finance, in addition to other funds in order to modify the current initiative

New Fayoum to Have New Industrial Zone: Official

Head of New Fayoum City Authority Ashraf Abdulrahman has announced the launch of a 50-acre new industrial zone project, east of New Fayoum's residential district, on the Western Desert Road

Egypt Achieves 5.4% Economic Growth in H1 FY 2018/19

Egypt has managed to achieve a real economic growth rate of 5.4% during the first half of the current FY, while targeting reaching 5.6% during the second half of the same year and 5.8% by the end of it.

Palm Hills to Tailor Special Program for Badya City

Egypt-based real estate developer Palm Hills Developments (PHD) has announced collaborating with Milan's SDA Bocconi School of Management to tailor "a specially designed program" for the former company's project, Badya City.

Gov’t Inaugurates New Sphinx Authority’s Headquarters

Vice President of New Urban Communities Authority (NUCA) Abdulmutallab Mamdouh inaugurated on January 28 the administrative headquarters of New Sphinx Authority, west Cairo.

German Minister for Economic Affairs Visits Egypt to Review Country’s Progress

Germany's Federal Minister for Economic Affairs and Energy Peter Altmaier is visiting Egypt from February 2 to 4, accompanied with an economic and parliamentary delegation, attempting to scrutinize the progress made through the country's economic reforms, while strengthening economic relations between both parties.

MBG to Launch 2 Tourism Projects in Ain Sokhna, North Coast

Cairo-based real estate developer MBG Development is currently preparing to launch two tourism projects in Ain Sokhna and the North Coast.

ACUD Delegates Visit France, Austria to Market NAC Project

A delegation of the Administrative Capital for Urban Development (ACUD) flew to Austria and France on February 2 to communicate with the Egyptian community abroad, as well as the international media, aiming to introduce them to the New Administrative Capital (NAC) project, east Cairo

Marseilia Inks Deal to Develop New Urban Project in NAC

Egypt’s Marseilia Real Estate Investment Group, a subsidiary of Marseilia Group, has signed an agreement with Misr for Investment and Urban Development for the development of a new urban project at the New Administrative Capital (NAC).

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