News / Egypt

OUD Pumps EGP 500 mn in Heliopolis Hills Project

Oriental for Urban Development (OUD) invests more than EGP 500 mn in its residential project Heliopolis Hills in Obour City, Invest-Gate reports.

Hyde Park Signs New Agreement with 5 Contractors for New Cairo Project

Egyptian real estate developer Hyde Park Properties for Development (HPD) signs an agreement worth more than EGP 1.5 bn (USD 84.4 mn) with five local construction firms for its new project in New Cairo, Invest-Gate reports.

Al Marasem Announces Phase 4 of Fifth Square

Egypt-based construction firm Al Marasem International for Development announces the launch of the fourth phase in its recent residential project 'Fifth Square', New Cairo, Invest-Gate reports.

Construction Works at Grand Egyptian Museum Reach 70%

Construction works at the Grand Egyptian Museum project are 70% completed, Invest-Gate reports.

Marseilia Egyptian Gulf Real Estate Investment H1 Profit Falls

Marseilia Egyptian Gulf Real Estate investment announces a fall in profits for the first half of 2017 as its net profit totalled EGP 5.4 mn in 2017 compared to 15.4 mn in the same period a year earlier, Invest-Gate reports.

Sodic H1 Revenue Jumps 88% to USD 66 mn

Egyptian real estate developer Sodic posts a revenue of EGP 1.17 bn (USD 65.9 mn) during the first half of the fiscal year 2017/2018, reflecting a year-on-year (y-o-y) increase of 88%, Invest-Gate reports .

Nasr: Approved New Law to Lure More Investments

Investment and International Cooperation Minister Sahar Nasr says executive regulations to the new investment law aim to attract more investments to the country by providing the suitable climate, Invest-Gate reports.

Memaar Al Morshedy Launches Projects Worth EGP 1 bn 

Egyptian property developer Memaar Al Morshedy announces its latest projects worth over EGP 1 bn, Invest-Gate reports.

Egypt, AFDB Discuss Program to Support Infrastructure Projects

The Egyptian government is in discussions with the African Development Bank (AFDB) for a program worth USD 3 bn planned for 2015-2019, aiming to support Egypt's infrastructure projects, Invest-Gate reports.

Event Alert: Angham to Perform Concert At Sea Hub on August 24

Egyptian female singer Angham is to perform a concert in the North Coast on August 24, Invest-Gate reports.

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