News / Egypt

Hassan Allam Unveils SwanLake North Coast

Egyptian property developer Hassan Allam Properties uncovers a new beach destination worth USD 200 mn in the North Coast, Invest-Gate reports.

Cairo’s Hotel Occupancy Rates Fall in May

Cairo’s hospitality market witnesses a 10.1% year-on-year decline in occupancy in May 2016, Invest-Gate reports.

ARDIC to Deliver Zizinia El Mostakbal by 2020

Egyptian real estate developer ARDIC for Real Estate Developments and Investments is to deliver all units of its residential project Zizinia El Mostakbal by 2020, Invest-Gate reports.

Bombardier to Build Egypt’s New Metro Line with USD 4bn

Egypt is signing a memorandum of understanding with Canadian plane and train manufacturer, Bombardier Inc., to finance and construct Cairo’s sixth metro line, with an initial cost estimated at USD 4 bn, Invest-Gate reports.

Al-Futtaim Signs Deal with Four Banks to Conclude Phase II of Cairo Festival City

Dubai-based leading real estate developer, Al-Futtaim Properties, signs an agreement with four banks to borrow EGP 125 bn (USD 69.9 mn) and finance part of the second phase of a giant project east of Cairo, Invest-Gate reports.

Egyptian Iron & Steel Records EGP 1.11 bn Sales in 11 Months

Egyptian Iron and Steel registered lower sales in the first eleven months of FY2016-17 compared to the prior-year period, Invest-Gate reports.

New Giza for Real Estate Development Unveils Goldcliff Phase I

New Giza for Real Estate Development Company is launching the first phase of a new residential project in New Giza, Egypt, Invest-Gate reports.

Gov’t to Offer 17,000 Units in New Administrative Capital Next Month

The government plans to offer 17,000 units in the New Administrative Capital next month, Invest-Gate reports.

Gov’t to Allocate 24,024 Plots in Various Areas

The Ministry of Housing is to hold a lottery for a number of land plots, Invest-Gate reports.

‘Sakan Misr’ Housing Units to Be Offered Soon

The New Urban Communities Authority (NUCA) announces that conditions for buying residential units in the new housing project ''Sakan Misr" will be released during upcoming days, Invest-Gate reports.

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