News / Egypt

Al Motahedoon Group Launches Eterna Healthcare City with EGP 1.2 bn Investments at Emaar’s Mivida

Al Motahedoon Group, a healthcare developer with 25-years track record in Egypt and the region, launched an upscale medical complex located at the heart of  the business center of Emaar Misr's Mivida

Gov’t Starts Delivering Expats’ Land Starting April 29

The Ministry of Housing has started delivering land plots at Beit Al Watan project for expats as of April 29 and until December 10

FDI Could Grow by 20-25% Next Year if it Reaches its FY 17/18 USD 10 bn Target: El Garhy

Foreign direct investments could grow by 20-25% in fiscal year 2018-19 only if its hits this year’s USD 10 bn target

Emaar Hospitality Group to Renovate Iconic Al Alamein Resort

Emaar Hospitality Group, the hospitality and leisure business of global developer Emaar Properties, has commenced the renovation and redesign of the historic Al Alamein Resort in Sidi Abdelrahman Bay on Egypt’s Mediterranean Coast

Tatweer Misr to Invest EGP 52 bn in Three Projects by 2027

Tatweer Misr, a leading Egyptian real estate company, is planning to invest EGP 52 bn in three mega projects: Il Monte Galala in Ain Sokhna, Fouka Bay in North Coast and Blue Villas in Mostakbal City by 2027

Emaar Misr Reports EGP 503.3 mn in Net Profit in Q1 2018

Emaar Misr for Development reports EGP 503.3 mn net profit in the first quarter (Q1) of 2018, compared to EGP 437.9 billion in the same period last year

Gov’t to complete EGP 275 bn Sinai Development by 2022

The development of Egypt’s Sinai Peninsula is expected to be completed by 2022 at a cost of around EGP 275 bn

Minister of Housing Lays Cornerstone for Wholesale Market in Sadat City

Minister of Housing Mostafa Madbouly has laid the cornerstone for an 80-acre wholesale market in Al-Tahadi 1 area in Sadat City

Egypt’s Residential Prices and Retail Rents Hike in Q1 of 2018: JLL Report

Prices have continued to increase across the residential and retail sectors in the first quarter (Q1) of 2018, according to Cairo Real Estate Market Q1 2018 report by Jones Lang LaSalle (JLL), Zawya reports

Madbouly Follows up on Drainage Works After Flooding Rains

Egypt’s Minister of Housing Mostafa Madbouly has checked up on the water drainage efforts currently taking place in New Cairo following heavy rainfall that caused power outage in some districts

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