News / Egypt

MNHD Records 165% Net Income Increase in Q2

Egypt’s urban developer Madinet Nasr Housing and Development (MNHD) has recorded a significant increase in its consolidated net income by 165% y-o-y in the second quarter of 2018

Porto Group Introduces New Approach to Life in Porto New Cairo

Porto Group announces the commencement of delivering its newest residential and recreational hub, Porto New Cairo, which promises elite luxury and colossal living spaces

Housing Ministry, Informa Ink MoU to Promote Real Estate

The Ministry of Housing, Utilities and Urban Development has signed a memorandum of understanding (MoU) with Informa Exhibitions, organizer of the real estate exhibition Cityscape Global, on August 2 to market the Egyptian real estate

Egypt, China Sign Deal for Mega Projects in New Capital

Egypt and China have signed an agreement to implement and establish a number of mega projects in Egypt’s New Administrative Capital

NUCA to Assign Contracts For Six PPP Projects

The New Urban Communities Authority (NUCA) has agreed on assigning contracts for six new projects as part of the second phase of the public private partnership (PPP) projects

EBRD Grants EUR 205 mn Loan to Revamp Cairo Metro Line 1

Egypt has signed a EUR 205 mn loan agreement with the European Bank for Reconstruction and Development (EBRD) to fund the revamping of the Cairo Metro Line 1

El Shahawi Unveils New Hawaiian Project in North Coast

Egypt-based El Shahawi Properties, a subsidiary of El Shahawi Group, announces the launch of its newest Hawaiian destination, Pali, in Egypt’s North Coast

Trial Operation of Sheikh Zayed Garden Begins

Mostafa Madbouly, Prime Minister and Minister of Housing, Utilities, and Urban Development, has announced the beginning of the trial operation of the central garden in Sheikh Zayed city before opening it to the people

Castle Development, El Makassa Launch Modern Project in New Capital

Castle Development and El Makassa have unveiled an upscale smart residential compound, Castle Landmark, at the New Administrative Capital

Edge Holding Assigns Sabbour to Supervise OIA

Edge Holding Group and Sabbour Consulting signed a consulting services agreement to provide general consultancy and supervise the implementation of the former company's residential project,﹣OIA, in the New Administrative Capital

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