Sisi Approves Joint Company Between DP World, SCZone Authority

• Sunday, 13th August 2017
• by Menna A. Farouk

Egyptian President Abdel-Fattah El Sisi is agreeing to establish a joint firm to carry out development projects in the Suez Canal Economic Zone, Egynews reports.

Palm Hills Developments Profits Hit EGP 137 mn in H1

• Sunday, 13th August 2017
• by Menna A. Farouk

Egyptian real estate developer Palm Hills Developments reports net profits after tax and minority interest of EGP 137 mn in the second quarter of 2017, an increase of 114% y-o-y from EGP 63.9 mn in the prior-year period, Invest-Gate reports.

AQARI Exhibition Brings Visitors Special Discounts, Feasible Payment Methods

• Saturday, 12th August 2017
• by Menna A. Farouk

The 11th round of Al-Ahram Real Estate Exhibition (AQARI) kicks off on August 10 at Dusit Thani hotel, New Cairo, bringing visitors special discounts and a wide range of feasible payment methods.

Madinet Nasr Housing Posts Profits of EGP 509.57 mn in H1 

• Thursday, 10th August 2017
• by Menna A. Farouk

Egyptian real estate developer Madinet Nasr Housing and Development reports a 246% year-on-year growth in net profits in the first half of the fiscal year 2016/2017, which ended on June 31, 2017, Invest-Gate reports.

President Sisi Approves Social, Economic Development Plan for FY17/18 

• Thursday, 10th August 2017
• by Menna A. Farouk

Egyptian President Abdel Fattah El Sisi ratifies the social and economic development plan for the fiscal year 2017/2018, Invest-Gate reports.

Naeem Holding to Merge Reacap Business With Wadi Degla

• Thursday, 10th August 2017
• by Menna A. Farouk

Naeem Holding for Investment is to merge its Reacap Financial Investments with real estate group Wadi Degla Developments, creating a company with a book value of EGP 3.5 bn (USD 197.18 mn), Reuters reports.

Hilton Worldwide Plans to Expand in Egypt

• Thursday, 10th August 2017
• by Menna A. Farouk

Hilton Worldwide plans to nearly double the number of its hotels in Egypt within the next seven to 10 years as tourism returns to its levels, Reuters reports.

Elite’s Second Round Kicks Off in Cairo

• Thursday, 10th August 2017
• by Menna A. Farouk

The second round of the Elite Real Estate Exhibition kicks off in Cairo with the participation of 120 leading Egyptian and Gulf real estate developers on August 9, Invest-Gate reports.

Projects Real Estate Development launches the -EGP 10bn- Blues Tiffany

• Wednesday, 9th August 2017
• by Farah Montasser

News Correction: Projects Real Estate Development has announced the launch of its latest Blues Tiffany on the Egyptian North Coast, and has contracted Sabbour Consulting for the supervision and consultancy of the project, Invest-Gate reports

Egypt Ranks Second Fastest Growing Tourism Market Globally

• Wednesday, 9th August 2017
• by Farah Montasser

Egypt ranks the world’s second fastest growing tourist destinations in 2017, Invest-Gate reports