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Mariout Hills to Establish 1st Sports Medicine City

Mariout Hills Development, a subsidiary of Mariout Hills Group, is preparing to establish the first sports medicine city with a total investment of EGP 162 mn in its sustainable city project in New Alamein, North Coast

Gov’t Alters Regulations of 182 Plots to Residential: Minister

Minister of Public Enterprise Sector Hisham Tawfik said the ministry has officially changed the land use regulations of 182 plots in Egypt, from industrial to residential, as it gears up to offer them for development to real estate companies.

Royal Eyes EGP 250 mn Sales of Egyptian Projects in 2019

Egypt-based Royal for Real Estate Development aims to achieve sales worth EGP 250 mn from its array of projects across the country in 2019.

Invest-Gate’s ‘Bab El Ezz’ Makes Headway in Lepers Lives

Invest-Gate organized on May 15 its first real estate charitable Sohour, dubbed “Bab El Ezz,” at the Nile-Ritz Carlton, Cairo, as part of its efforts to give back to the community by improving lepers’ quality of life.

ODE’s Net Real Estate Sales Spikes 282.8% in Q1 2019

Orascom Development Egypt (ODE) has reported that its net real estate sales soared by 282.8% to EGP 1.5 bn in Q1 2019 versus EGP 397.6 mn in the prior-year period, driven by a rise in unit sales at O West, its first home project, in addition to Red Sea resorts of El Gouna and Makadi Heights.

Egypt’s Free Zone Exports Reach USD 6 bn in 4M: Minister

Minister of Investment and International Cooperation Sahar Nasr said on May 12 that exports of Egyptian free zones amounted to USD 6 bn during the first four months of 2019.

Heliopolis Housing to Sell 32 Plots in Sheraton

Heliopolis Company for Housing and Development (HHD) has announced offering 32 land plots in Sheraton, Heliopolis, for sale for two weeks, starting May 12.

Gov’t Builds 15,936 Housing Units in New Mansoura’s JANNA, Sakan Misr

New Mansoura saw about 4,704 residential units, within 196 buildings, 79% completed in Sakan Misr medium-income project.

Egyptian Hotel Market Sees 34% Growth in Q1 2019: Colliers

Colliers International's "MENA Hotel Forecasts" 2019 report has presented a positive outlook for the performance of the Egyptian hotel market, asserting that the country's hotel market has witnessed 34% growth in Q1 2019

Sisi Approves EGP 11.415 mn Deal with China for Railway Project

Egyptian President Abdel Fattah El Sisi issued on May 9 a decree approving a framework agreement with China, under which Beijing will offer a soft loan not exceeding CNY 4.604 mn yuan (around EGP 11.415 mn) to Cairo.

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