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Heliopolis Housing to Sell Some Acres in New Heliopolis City

Heliopolis Company for Housing and Development announced on October 24 that it will sell around 30 to 100 acres of land plots in the New Heliopolis City project to be used for residential, commercial, and service purposes

Thumbay Group Eyes Establishing Gulf Medical University in Egypt

UAE-based Thumbay Group seeks to inject investments worth AED 1 bn (roughly EGP 5 bn) via the establishment of a branch of the Gulf Medical University in Egypt

Landmark Sabbour, Lakeside to Develop EGP 10 bn Project in New Cairo

Landmark Sabbour has signed a memorandum of understanding (MoU) with Libyan-based Lakeside for Real Estate and Touristic Investments, a subsidiary of Libyan Foreign Investment Company,  to cooperate on a new project in New Cairo with total investments of EGP 10 bn

Hilton Ponders to Run 25 Properties in Egypt by 2022

With a portfolio of 17 properties across Egypt, the leading global hospitality company Hilton has unveiled its ambitious plans to expand in the country and run 25 properties by 2022

Egypt, Germany Sign USD 146 Mn Deal to Implement Some Projects in Egypt

Egypt and Germany signed a protocol of economic cooperation worth EUR 129 mn, comprising the implementation of projects over the next four years, while announcing intentions for a new Egyptian-German initiative for the training of vocational and technical education

Sheikh Zayed Central Garden Will Soon Open to the Public: Madbouly

Prime Minister and Minister of Housing, Utilities, and Urban Development Mostafa Madbouly announced on October 25 that ministry has finalized the central garden in Sheikh Zayed city and is currently being prepared for public opening

Free Zones’ Exports Up USD 1.1 bn in Three Quarters of 2018: Minister

The Egyptian free zones affiliated to the General Authority for Investment and Free Zones (GAFI) recorded USD 14.7 bn in exports during the first nine months of 2018, an increase of USD 1.1 bn compared to the year-ago period

Madbouly, World Bank Discuss USD 500 mn Social Housing Loan

Prime Minister and Minister of Housing, Utilities, and Urban Development Mostafa Madbouly met a World Bank delegation on October 26 to discuss providing USD 500 mn loan he had requested from the bank in July to support the country's social housing development

Gov’t to Deliver Over 7,000 Units in JANNA Housing Project

The New Urban Communities Authority (NUCA) announced on October 9 that over 7,000 residential units will be open for reservation at JANNA luxury housing project, starting October 14.

Invest-Gate Gains Ground With its 2nd Real Estate Roundtable

Held under the auspices of the Minister of Housing, Utilities & Urban Communities, Invest-Gate hosted its second roundtable "Real Estate Tourism Development" on October 23 and was successfully received

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