Government to Protect State Land Plots from Violations

• Wednesday, 17th May 2017
• by Fatma Khaled

The government pledges to protect land plots in governorates across the country from encroachments, holding violators accountable, Invest-Gate reports.

Hyde Park Developments Unveils Park Corner Phase II and Plans in the North Coast

• Tuesday, 16th May 2017
• by Nayrouz Talaat

Egypt’s real estate developer, Hyde Park Developments (HPD), showcases their newest real estate projects during the “Egypt Property Show” (EPS) held from May 5 to 7 at the Dubai World Trade Center, Invest-Gate reports.

Egypt Property Show 2017 Achieves EGP 1 bn Deals

• Tuesday, 16th May 2017
• by Nayrouz Talaat

Egypt Property Show (EPS) 2017 has seen the participation of several Egyptian companies, sealing total sales of EGP 1 bn, Invest-Gate reports.

MNHD Profits Jump 494% in Q1

• Tuesday, 16th May 2017
• by Nayrouz Talaat

Egypt’s urban developer Madinet Nasr Housing and Development (MNHD) is posting consolidated net profits of EGP 407.2 mn in the first quarter of 2017, a surge of 493.6% y-o-y from EGP 68.6 mn in the same period a year earlier, Invest-Gate reports.

Al-Abd to Deliver 35 Residential Units in Social Housing Project

• Tuesday, 16th May 2017
• by Nayrouz Talaat

Egypt’s leading contracting company Al-Abd says it targets delivering 35 fully-furnished residential buildings as a part of a social housing project in the Sixth of October City within next November, Invest-Gate reports.

Misr Italia and SECON Purchase Lands at New Administrative Capital

• Tuesday, 16th May 2017
• by Nayrouz Talaat

Egypt’s property developer, Misr Italia Group, and the Saudi Egyptian Construction Company (SECON) have purchased land plots at the New Administrative Capital spanning an area of 200 and 70 feddans respectively, Invest-Gate reports.

Mameesh: SCZone Eyes Attracting Several Industries

• Tuesday, 16th May 2017
• by Nayrouz Talaat

Chairman of the General Authority for the Suez Canal Economic Zone, Mohab Mameesh, says that the Suez Canal Development Project seeks to attract several industries, including automotive, electronics, ship repair, textiles, furniture and pharmaceuticals, Invest-Gate reports.

Egypt Inks Deal with Saudi alfanar for 50 MW Solar PV Plant

• Monday, 15th May 2017
• by Menna A. Farouk

The Egyptian Electricity Transmission Company (EETC) has signed a Power Purchase Agreement (PPA) with Saudi Arabia’s alfanar Energy for 50 megawatt (MW) PV plant under feed-in-tariff program in Egypt, Saudi Gazette reports.

Amer Group Q1 Profit Decreases 6% y-o-y

• Monday, 15th May 2017
• by Nayrouz Talaat

Egypt’s real estate developer Amer Group Holding Company posts consolidated net profit of EGP 63.95 mn in the first quarter of 2017, down by 6% compared with EGP 68.07 mn in the same period last year, Invest-Gate reports.

HDB’s Standalone Profit Rises in Q1

• Monday, 15th May 2017
• by Nayrouz Talaat

Egypt's Housing and Development Bank standalone net profit after tax accounts for EGP 349 mn in Q1 of 2017 compared to EGP 218 mn a year ago, Invest-Gate reports.