Orascom Development Holding (ODH) said that a new report by a US firm has valued its land banks and 17 hotels at the Red Sea resort of El Gouna at USD 2.1 bn, 42 times its current book value
Prime Minister and Minister of Housing, Utilities, and Urban Development Mostafa Madbouly said the total investments in New Damietta reached EGP 7.2 bn, with about 984 distinguished housing units will soon be finalized and offered shortly afterwards
Egypt and the World Bank (WB) have signed a USD 300 mn agreement to bolster the infrastructure in rural areas and most needy governorates, proceeding with the "Sustainable Rural Sanitation Services Program"
Egypt and the European Investment Bank (EIB) signed on October 17 an EUR 214 mn deal to support the Kitchener Drain depollution project, out of total financing worth EUR 400 mn
The board of directors of the Social Housing and Mortgage Finance Fund has approved the fund's operating procedures manual, targeting to provide low-income citizens with real estate financing at a low interest rate
Heliopolis Company for Housing and Development said its board of directors approved on October 17 a long-term loan worth about EGP 1.2 bn from a national bank, to be reimbursed in seven years and a half
Egypt's property developer Master Group says that it has marketed 80% of its flagship "The City" in the New Administrative Capital, aiming to complete the project's marketing by the end of October
Capital Group Properties (CGP), owned by Abu Dhabi Capital Group (ADCG) and Al Ain Properties, has announced the inauguration of "Alburouj Cultural Hub" at its Alburouj project in El Shorouk city
Egypt-based Edge Holding for Urban Development plans to invest nearly EGP 25 bn in Egypt's real estate market in the next 10 years, intending to implement residential skyscrapers in New Alamein as well as another project in Ain Sokhna
Idia Designs, an architectural design firm, has revealed some preliminary details on the chosen design of its New Administrative Capital's landmark, the "Oblisco Capitale Tower," which is deemed to surpass Dubai's Burj Khalifa in stature
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