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Palm Hills to Raise The Crown’s Credit Facility Limit

Egypt-based Palm Hills Developments' board has approved increasing the credit facility limit for The Crown compound, west Cairo, to EGP 1.24 bn from EGP 852 mn

Sisi Tours Some Development Projects at El Galala City

President Abdel-Fattah El-Sisi has embarked on an inspection tour of a number of mega development projects being implemented at El Galala City in the northeastern governorate of Suez, Ain Sokhna

Marakez, Al-Futtaim Misr to Open West Cairo’s 1st IKEA Store by 2020

Marakez for Real Estate Investment, a subsidiary of Fawaz Al Hokair Group, has signed a long-term agreement with Al-Futtaim Misr for Retail to open a new IKEA store at the Mall of Arabia in West Cairo by 2020

ACUD Studies 43 Requests for Acquiring Lands in NAC

Deputy Chairman of Administrative Capital for Urban Development (ACUD) Mohamed Abdel Latif has unveiled that the company is currently studying 43 requests submitted for the third offering of lands at the New Administrative Capital (NAC)

Development Projects Worth EGP 27.2 bn Implemented in Q1 2018/19: Minister

Egypt's Planning Minister Hala El-Saeed has unveiled that 490 development projects were implemented in the state's distinct sectors during Q1 of FY 2018/19, at a total cost of EGP 27.2 bn

Exclusive: Residency-for-Property Decree Officially Issued

Deputy Minister of Housing for National Projects Khaled Abbas says in an exclusive statement to Invest-Gate that the residency-for-property ministerial decree has been officially issued and approved by Passports, Emigration & Nationality Administration, and the Ministry of Interior.

Kuwait’s NREC Unit Signs Deal to Develop Some Housing Units in Egypt

Kuwaiti National Real Estate Company’s (NREC’s) unit Wadi El Nile Urban Development has signed a partnership agreement with Baderddin Group to develop part of Egypt’s housing units

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

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