Egypt's Orascom Development Holding (ODH) has achieved record-high net real estate sales of EGP 3.47 bn in FY 2018, excluding its newest residential project O West, compared to sales of EGP 2.19 bn a year earlier.
US-based credit rating agency Moody's has announced its forecasts for the Egyptian economy, following the government's approval of the budget for the fiscal year 2020.
ARDIC for Real Estate Development and Investments has signed a cooperation protocol with the Federation of Cooperative Housing (FCH) to deliver 500 units of Zizinia El Mostakbal's total number of residential properties - or 25% of the project, situated in east Cairo.
ERA Real Estate Egypt targets achieving sales worth EGP 3.6 bn for property developers in 2019, compared to EGP 3 bn in 2018.
Egypt’s real estate developer MBG Development has achieved EGP 300 mn in sales of Pukka project in the New Administrative Capital (NAC) in during its participation at Cityscape Egypt exhibition, which was held from March 27 to 30.
New Plan Developments achieved EGP 192 mn in sales of its three projects in the New Administrative Capital (NAC) during Cityscape Egypt 2019, from March 27 to 30.
Egypt's property developer Maxim Investment Group has pumped investment worth EGP 14 bn in Bo Islands, its latest project in Sidi Abdelrahman, North Coast, on the back of its plans to fully deliver it by 2022.
Palm Hills Developments' board of directors have agreed to raise the company's capital to EGP 6.235 bn from EGP 6.157 bn, an increase of EGP 78 mn.
The Central Bank of Egypt (CBE) announced on April 3 that the country’s net foreign reserves climbed to USD 44.11 bn at the end of March, up from USD 44.06 bn a month earlier.
The Egyptian housing ministry has confirmed that the World Bank (WB) contributions to the first phase of the state's social housing project and the first phase of the sustainable sanitation program stand at USD 500 mn each.
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