Palm Hills Plans to Invest EGP 2 bn in 2018

• Monday, 19th March 2018
• by Invest Gate

Palm Hills Developments (PHD) plans to invest EGP 2 bn in 2018 for financing existing projects and new ones

Talaat Mostafa Group to Construct World’s Largest Hotel in Sharm El-Sheikh

• Monday, 19th March 2018
• by Invest Gate

Talaat Mostafa Group Holding Company (TMG) is establishing the largest resort hotel in the world at Sharm El-Sheikh, Chief Executive and Managing Director of the group Talaat Mostafa announced on the sidelines of the preparatory conference of City Scape Egypt

Hilton Signs its Newest Resort in Red Sea’s Mangroovy El Gouna

• Wednesday, 14th March 2018
• by Invest Gate

Hilton has signed a management agreement of the new DoubleTree by Hilton Resort with Mangroovy For Real Estate and Tourism Investment to bring its DoubleTree by Hilton brand to manage a new resort property in the Red Sea resort of El Gouna

Cityscape Awards Illustrate the Best and Brightest of Egypt’s Real Estate Sector

• Wednesday, 14th March 2018
• by Invest Gate

Following the conclusion of a successful two-day Cityscape Egypt Conference, the Cityscape Awards for Real Estate in Egypt illustrated advances in the real estate sector by recognizing outstanding concepts in real estate development and architecture

Egypt’s Net Foreign Reserves Increase to USD 42.5 bn

• Tuesday, 13th March 2018
• by Invest Gate

Egypt’s foreign reserves surged to USD 42.524 bn at the end of February from USD 38.209 bn the month before, facilitated by a USD 4 bn Eurobond sale last month

Egypt Receives Third, Final USD 1.15 bn of World Bank’s USD 3.15 bn Loan

• Tuesday, 13th March 2018
• by Invest Gate

The bank’s board of executive directors had approved the disbursal in December, to conclude a series of three annual loans issued by the bank to Egypt between 2015 and 2017, in efforts to support the country’s economic reform program

Egypt’s Ora Developers to Establish Multi-Billion Dollar Housing Project in Pakistan

• Tuesday, 13th March 2018
• by Invest Gate

The joint venture, “Project Eighteen” will cover 600 acres of land and is expected to cost around USD 2 bn. It will be delivered in phases starting this year, with delivery of the first phase expected in the next three years

Gov’t to Deliver 456 Units in Dar Misr Phase 1 in Sadat, Obour Cities

• Tuesday, 13th March 2018
• by Invest Gate

Minister of Housing Mostafa Madbouly announced that 360 and 96 housing units are ready to be delivered in the first phase of the middle-income project “Dar Misr” in Sadat and Obour Cities respectively

Cityscape Conference Draws Roadmap for the Future of Real Estate

• Tuesday, 13th March 2018
• by Invest Gate

The Cityscape Egypt Conference got off to a positive start today as experts and government authorities offered updates on major government projects, revealed ongoing progress in the real estate sector, and highlighted opportunities and challenges in the industry

Menoufia’s New Axis to Be Completed by End of September 2018

• Monday, 12th March 2018
• by Invest Gate