News / Egypt

Alshaya Group to Open New Mall in Egypt

Prime Minister Mostafa Madbouly held a meeting with Alshaya Group's Executive Chairman Mohammed Abdul Aziz Alshaya to discuss further investment opportunities in Egypt

“Skyline” Named The World’s Biggest Residential Building

Skyline, a residential complex by Egypt's real estate developer Memaar Al Morshedy, has been listed by the Guinness World Records as the world's biggest residential building for the record-breaking land area of 200,000 square meters

HDB to Establish 294 Housing Units in Port Said’s Jawhara Project

Housing and Development Bank (HDB) has signed an agreement with Port Said Governorate to establish 294 new social housing units in Jawhara project

City Edge Developments to Showcase its Latest Projects at Cityscape Global

City Edge Developments held a press conference on September 27 before heading to the Cityscape Global 2018 exhibition to reveal the latest updates on its projects, as well as share its story and experience

Egypt Railways Inks Deal for 1,300 Train Carriages

Egyptian National Railways (ENR) has inked a deal with the Russian-Hungarian consortium Transmashholding-Hungary worth EGP 22 bn to import and manufacture 1,300 passenger carriages in Egypt

MNHD Gets Approval for Additional Heights in Taj City

Egypt’s urban developer Madinet Nasr Housing and Development (MNHD) announced on September 26 that it received the approval of the Civil Aviation Authority for additional heights in its residential project Taj City

Emaar Unveils Marassi Bay Villas in North Coast

Dubai-based developer Emaar has launched Marassi Bay in Egypt for foreign investors seeking assured returns on high-end real estate

Gov’t to Invest EGP 2.4 bn in Obour City in FY2018/19

Prime Minister and Minister of Housing, Utilities, and Urban Development Mostafa Madbouly has revealed that the budget allocated for Obour City is estimated at EGP 2.4 bn in the FY 2018/19

AMF Expects Egypt’s Economy to Grow in 2018, 2019

The Arab Monetary Fund (AMF) expected the Egyptian economy to grow by 5% and 5.5% in 2018 and 2019 respectively, on the back of the country's ongoing economic reform program

First Youth Forum for Construction and Real Estate Kicks Off in Cairo

The British Embassy in Cairo announced granting over 10,000 fresh graduates the opportunity to join the real estate and construction sectors in some of the world’s renowned firms, during the launching of the First Youth Forum for Construction and Real Estate in Egypt

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