Remco to Sell All Stella Heights Units Before Year-end

• Wednesday, 7th June 2017
• by Nayrouz Talaat

Remco Tourism Villages Construction is to finish marketing all units of the Stella Heights project by the year’s end, Invest-Gate reports.

Gov’t Removes Land Violations in El Shorouk, 6 Cities

• Tuesday, 6th June 2017
• by Menna A. Farouk

Minister of Housing and Urban Development Mostafa Madbouly issued 11 decisions to remove violations on 45 residential units in El Shorouk City and 2,683 feddans in six new cities, Invest-Gate reports.

El-Saeed Contracting Shareholders Approve Capital Hike

• Tuesday, 6th June 2017
• by Menna A. Farouk

Egypt’s El-Saeed Contracting and Real Estate Investment Company is to raise the issued and paid-up capital to EGP 709.65 mn from EGP 665.297 mn, Invest-Gate reports.

New Development Projects to Start in Red Sea

• Monday, 5th June 2017
• by Menna A. Farouk

The Housing Ministry sign a protocol of cooperation with the Red Sea Governorate on June 4 in order to develop settlement villages for Bedouins spanning from El-Zafarana to Ras Hadraba in the Red Sea, Invest-Gate reports.

Heliopolis Housing to Establish Joint Stock Firm

• Monday, 5th June 2017
• by Nayrouz Talaat

Heliopolis Company for Housing and Development’s Board of Directors approves establishing a joint stock firm with issued capital of EGP 240 mn and paid-up capital worth EGP 24 mn, Invest-Gate reports.

SODIC to Launch New Heliopolis Phase I end 2017

• Monday, 5th June 2017
• by Nayrouz Talaat

Egypt’s property developer, SODIC, announces construction work to begin in its latest flagship New Heliopolis in New Cairo end 2017, Reuters reports

NUCA TO Offer 30,000 Land Plots For Sale After Feast

• Sunday, 4th June 2017
• by Nayrouz Talaat

The New Urban Communities Authority (NUCA) announces that 30,000 land plots will be  offered for sale in a host of new cities after Fitr Feast which is expected to fall on June 25, Invest-Gate reports.

President Sisi Approves Investment Law No. 8

• Sunday, 4th June 2017
• by Menna A. Farouk

Egyptian President Abdel-Fattah El-Sisi ratified on Thursday, June 1, the new investment law No. 8, after it was passed by the House of Deputies, Invest-Gate reports.

Amer, Porto Ink Deal with Tharwa Capital to Issue Bonds

• Sunday, 4th June 2017
• by Menna A. Farouk

Egyptian real estate developers Amer Group Holding and Porto Group sign an agreement with Egyptian financial investment and advisory firm Tharwa Capital to issue securitization bonds for their real estate portfolios amounting to EGP 233 mn and EGP 48 mn respectively, Invest-Gate reports.

Egyptian Resorts Company Swings to Profits in Q1

• Thursday, 1st June 2017
• by Menna A. Farouk

Egyptian Resorts Company (ERC) posts consolidated net profits of EGP 66.08 mn during the first quarter of 2017, against losses worth EGP 1.42 mn in the prior-year period, Invest-Gate reports.