Egypt Establishes New Company to Manage the Administrative Capital

• Monday, 9th May 2016
• by Nadine Abou el Atta

A new company, Administrative Capital City for Urban Development, was founded to manage the proposed administrative capital city project, reported Invest Gate.

Orascom Construction wins EGP 2.7 B Cairo Metro Line Contracts

• Monday, 9th May 2016
• by Nadine Abou el Atta

Orascom Constructions Limited, an Egypt-based construction company, acquired two contracts to develop the civil and track work of Cairo Metro Line III. The contracts are worth EGP 2.73 billion, reported Reuters.

Egypt’s Mortgage Sector Rose by 30 % in 2016

• Sunday, 8th May 2016
• by Nadine Abou el Atta

First quarter mortgage activity in Egypt rose by 30 percent, said Sherif Samy, head of the Egyptian Financial Supervisory Authority (EFSA), according to Amwal Al Ghad.

China’s CSCEC Finalizes Design of the Financial District of the New Administrative Capital

• Saturday, 7th May 2016
• by Nadine Abou el Atta

The Chinese company CSCEC has finalized the design of the financial district in the new administrative capital project, which includes 12 ministries, as well as some government departments and bodies Khaled Abbass, Assistant to the Minister of Housing, told Invest Gate.

Wadi Degla Eyes 2,500 Acres for New Projects using PPP system

• Thursday, 5th May 2016
• by Nadine Abou el Atta

Wadi Degla Holding, an Egyptian real estate developer, is in discussions with the Ministry of Housing over 2,500 acres for new housing projects through the public-private partnership (PPP) system, Wadi Degla’s Chairman Maged Helmy told Amwal Al Ghad.

Emaar Misr Announces Increase of Assets in Q1 2016

• Thursday, 5th May 2016
• by Nadine Abou el Atta

Emaar Misr for Development recorded an increase in assets in the first quarter of 2016 worth EGP 18.3 billion. This figure represents an increase of 4.6 percent, compared to EGP 17.5 billion pounds in the same period in 2015.

Construction in Administrative Capital Progressing

• Thursday, 5th May 2016
• by Nadine Abou el Atta

Egyptian construction companies are now close to finalizing the drilling operations required for construction of the residential block in Cairo’s new administrative capital.

Misr Italia Holding Signs Construction Deals worth EGP 250 M

• Tuesday, 3rd May 2016
• by Nadine Abou el Atta

Misr Italia Holding, an Egypt-based real estate developer, signed construction deals worth EGP 250 million during the first quarter of 2016, said Mohamed Al Assal, Misr Italia’s Executive Chief, reported Amwal Al Ghad.

Egypt’s Ministers Fly to UAE to Boost Investment

• Thursday, 28th April 2016
• by Nadine Abou el Atta

Sahar Nasr, Minister of International Cooperation; Moustafa Madbouly, Minister of Housing, Utilities and Urban Development; and Mohammed Saphan, the Chairman of the Holding Company for Petrochemicals, arrived in Abu Dhabi on April 27 to follow up on potential UAE partnerships in development and investment projects.

Al-Ahly Real Estate Inaugurates Platinum Club worth EGP 350 M

• Wednesday, 27th April 2016
• by Nadine Abou el Atta

Al-Ahly for Real Estate Development, an Egyptian-based real estate developer, inaugurated in April its first sport facility, ‘Platinum Club,’ in New Cairo.