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Castle Development Targets EGP 2 bn Sales in 2019: CEO

Castle Development CEO Ahmed Mansour said the company targets achieving sales of EGP 2 bn in 2019 versus EGP 860 mn last year, driven by the launch of its newest smart residential compound in the New Administrative Capital (NAC), Castle Landmark.

MNHD Posts EGP 5.5 bn Presales in 2018

Egypt’s urban developer Madinet Nasr Housing and Development (MNHD) has logged EGP 5.5 bn in presales, including sales contracts and units' reservations, during 2018, primarily through the company's flagship projects, Taj City and Sarai in east Cairo.

Orascom Eyes Buying Shares in Sawiris’ Andermatt Swiss Alps

Egypt-based Orascom Development Holding entered into an agreement with its Chairman Samih Sawiris for the potential purchase of 1% and one share of Andermatt Swiss Alps (ASA), a real estate firm managed by Sawiris, within the next two years.

NUCA Allocates Plots for 4 Logistics Zones Across Egypt

The New Urban Communities Authority’s (NUCA) board of directors has approved selling four state-owned land plots to El Araby Company for Trading and Manufacturing to establish logistics areas in a number of governorates across Egypt

Living Yards Eyes EGP 2.5 bn Sales from The Loft

Egyptian real estate developer Living Yards Developments plans to achieve EGP 2.5 bn in sales of its first flagship project in the New Administrative Capital (NAC), The Loft, during 2019.

Egypt’s Foreign Reserves Drop for 1st Time in 2 Years

The Central Bank of Egypt (CBE) has unveiled that the country's foreign currency reserves dropped last December for the first time since the EGP flotation, standing at USD 42.551 bn compared to USD 44.513 bn at the end of November.

Madbouly Follows Up on Development Projects in Saqqara

Prime Minister Mostafa Madbouly has held a meeting to follow up on the latest developments on some projects being implemented for the restoration of ancient Saqqara archaeological area, aiming to provide an array of services to visitors there and contribute to the growth of inbound tourism as a result.

Trade Ministry Activates Council for Real Estate Investment

Minister of Trade and Industry Amr Nassar has decided to activate the Export Council of Real Estate.

Hassan Allam Awarded Water Project in New Mansoura

Hassan Allam Holding (HAH) has announced a new project award for the establishment of a desalination plant in New Mansoura city.

CIRA to Build New Educational Project in West Assiut

Egypt's Cairo for Investment and Real Estate Development (CIRA) has announced acquiring an 81-acre land plot in Nasser City, west Assiut, for the establishment of an international private university in the area.

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