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SODIC Signs Settlement for 1,400-Acre Sheikh Zayed Land

Sixth of October Development and Investment Company (SODIC) said Egypt's Court of Cassation issued a judgment on December 21, 2016, confirming a former judgment issued against its former chairman

OUD Sponsors Oriental Coast Rally Marsa Alam 2018

Orientals for Urban Development (OUD) company participates in Oriental Coast Rally Marsa Alam 2018 as the event’s main sponsor, which was organized by Bosla Pure Racing team from December 6-8 at OUD's Sentido Oriental Dream Resort Marsa Alam for the first time instead of Sahl Hasheesh

Masharef Signs Cooperation Deals to Market 30 New Projects in NAC

Masharef for Real Estate Development has signed joint cooperation deals to market and sell 30 new projects in the New Administrative Capital (NAC), as it plans to raise its portfolio of projects, especially in East Cairo and the NAC

Madbouly Orders Establishing Transport Regulation Unit for New Cities

Prime Minister and Minister of Housing, Utilities, and Urban Development Mostafa Madbouly has issued a ministerial decree for the establishment of a unit to organize the new cities' transport networks

Living Yards Kicks off The Loft Phase II in NAC

Living Yards Developments announced on December 4 the launch of the second phase of its residential project, The Loft, in the New Administrative Capital (NAC), following the success the project’s first phase had achieved.

Egypt Increases Urban Areas for Growing Population: Official

Tarek Shoukri, head of the Real Estate Development Chamber affiliated to the Federation of Egyptian Industries (FEI), said Egypt is witnessing the implementation of a massive volume of development projects to increase the number of urban areas, and thus, accommodate the ongoing population leap

ACUD, Petroleum Ministry Ink Deal for First Cooling District in NAC

Egypt's property developer Administrative Capital for Urban Development (ACUD) has inked a deal with the Egypt's Petroleum Ministry to establish the first cooling district in the New Administrative Capital (NAC), with the project's first phase to be implemented with investments valued at EGP 2.5 bn

National Projects Revitalize Egyptian Construction Market: Arab Contractors

Arab Contractors Chairman Mohsen Salah said Egypt's vast series of national projects over the past years has contributed to revitalizing the country's construction market and ending a colossal chunk of its stagnation crises

Inertia Egypt Reveals Latest Updates on Joulz

Egypt's real estate developer Inertia Egypt revealed on December 3 the latest updates on one of its flagship residential developments, Joulz – a neighborhood in the heart of West Cairo with a mixed-use area

Orascom Construction’s Adjusted Net Income Rise 208.5% in Q3 2018

Egypt-based Orascom Construction maintained its positive position in the third quarter of 2018, posting a 208.5% surge in its adjusted net income of USD 69.1 mn versus USD 22.4 mn in the year-ago period, excluding one-off US legal provision

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