3 Hotel Companies to Manage City Stars Al Sahel

• Sunday, 27th November 2016
• by Karim Mohy

Al Arabia Real Estate and Development (ARCO) has signed contracts with Fairmont Hotels, Raffles Hotels & Resorts, and Swissotel to handle management for City Stars Al Sahel in the North Coast.

Samih Sawiris: Real Estate Sector Could be Heading Toward Bubble

• Sunday, 27th November 2016
• by Karim Mohy

Due to the current decline in purchasing power amid the depreciation of local currency and a large supply, the Egyptian real estate market could potentially be heading towards a bubble, Chairman of Orascom Development Holding Samih Sawiris said.

Housing Ministry Demands More Clout in New Investment Law -Sources

• Thursday, 24th November 2016
• by Karim Mohy

The Ministry of Housing, Utilities, and Urban Communities is seeking to expand its authority in offering lands through the General Authority for Investment and Free Zones (GAFI), as well as a greater role for the New Urban Communities Authority (NUCA) in the upcoming investment law currently being drafted, according to unnamed government sources.

Rowad Tourism Losses Continue in Q3 2016

• Thursday, 24th November 2016
• by Karim Mohy

Rowad Tourism Company recorded a net loss of EGP 391,000 in the third quarter of 2016, compared to a loss of EGP 1.5 mn in the same period last year, according to the company’s statement to the EGX.

Planned Sewage Projects in Giza and Qaliubiya 50% Completed

• Thursday, 24th November 2016
• by Karim Mohy

The National Authority for Potable Water and Sewage has completed 50% of its planned sewage projects in governorates of Giza and Qaliubiya, according to unnamed sources.

Housing Ministry to Invest EGP 2.6 bn in Sohag Projects

• Thursday, 24th November 2016
• by Karim Mohy

The Ministry of Housing, Utilities, and Urban Communities will launch social housing projects in Sohag at a cost of EGP 2.6 bn, as well as sewage and water plants projects for low-income residents.

El Batal to Build 2 Residential Complexes in New Cairo

• Thursday, 24th November 2016
• by Karim Mohy

El Batal Group will launch two residential projects at an investment cost over EGP 1.3 bn in New Cairo.

Palm Hills New Cairo Units Phase 1 Sell Out for EGP 1.01 bn

• Wednesday, 23rd November 2016
• by Karim Mohy

Palm Hills Development sold 100% of the 157 standalone units from its Palm Hills New Cairo project, developed in partnership with the New Urban Communities Authority (NUCA), for a total of EGP 1.01 bn in sales revenue.

Public Land Auction Today for Coastal Sites

• Wednesday, 23rd November 2016
• by Karim Mohy

A public lottery is set to take place today to allocate 12.5 mn square meters of land in the North Coast, Ain El Sokhna, and South Magawish..

Porto Group to Deliver Contracted Units in 2017 without Price Increases

• Wednesday, 23rd November 2016
• by Karim Mohy

Porto Group will deliver its remaining contracted units by the end of 2017 without demanding any additional costs.