SODIC Closes Q1FY2017 With EGP 1.2 bn Net Contracted Sales

• Tuesday, 25th April 2017
• by Leena ElDeeb

Egypt’s real estate developer SODIC closes Q1FY2017 with contracted sales bookings worth EGP 1.2 bn, demonstrating 64% growth, Invest-Gate reports.   

OGB: Steady Demand Prevails in Egypt’s Real Estate Sector

• Tuesday, 25th April 2017
• by Fatma Khaled

Egypt’s real estate sector is experiencing steady demand, encouraging the establishment of new projects and the setting up of investment funds, Invest-Gate reports.

Areas in New Cairo, 6th of October City, Obour to be Developed

• Tuesday, 25th April 2017
• by Fatma Khaled

New developments will be constructed in 6th of October City, New Cairo, and Obour City located on the outskirts of the capital, Invest-Gate reports.

Misr Italia Offers Feasible Payment Methods at Mousa Coast

• Monday, 24th April 2017
• by Fatma Khaled

Egypt’s real estate developer Misr Italia is offering feasible payment methods for its Mousa Coast project, where it is delivering beach-side chalets instantly following a 5% downpayment, Invest-Gate reports.

EBRD Injects EUR 1.9 bn in Egypt’s Projects

• Monday, 24th April 2017
• by Fatma Khaled

The European Bank for Reconstruction and Development (EBRD) has pumped EUR 1.9 bn in 43 projects in Egypt thus far, Invest-Gate reports.

‘Mashrou’ak’ Funds 757 Projects Worth EGP 25 mn

• Monday, 24th April 2017
• by Leena ElDeeb

Egypt’s National Project for Youth Community Development, dubbed “Mashrou’ak”, has financed 757 projects worth over EGP 52 mn in Al Mahalla Al Kubra city in Al Gharbia Governorate, creating 860 job opportunities for young people, MENA reports.

Majid Al Futtaim Seeks to Rely on Renewable Energy in 7.5% of Power Consumption

• Monday, 24th April 2017
• by Nayrouz Talaat

Emirati leading shopping mall, communities, retail and leisure pioneer Majid Al Futtaim is aiming to rely on renewable energy sources in 7.5% of its electricity consumption, Invest-Gate reports.

Talaat Mostafa Purchases Land for Development at New Capital

• Monday, 24th April 2017
• by Nayrouz Talaat

Talaat Mostafa, Egypt's largest listed real estate developer, has purchased 500 feddans (acres) for development in the country's New Administrative Capital, Invest-Gate reports.

Egypt, Saudi Arabia Seek to Establish 8 Real Estate Projects in North Coast, Red Sea

• Monday, 24th April 2017
• by Nayrouz Talaat

The Saudi-Egyptian Business Council is mulling the establishment of eight real estate development projects in the North Coast and the Red Sea resort towns of Sharm El-Sheikh and Hurghada as President Abdel Fattah El Sisi is on an official visit to the Kingdom, Invest-Gate reports.

Facilities Projects, Service Buildings Underway at New Cities

• Thursday, 20th April 2017
• by Leena ElDeeb

Facilities projects are underway in New Minya and service buildings are to be constructed in 6th of October City and New Damietta, Invest-Gate reports.