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.

Marseille Sets Up New Asset Management Firm

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

Egyptian real estate investment company Marseille Almasreia Alkhalegeya for Holding Investment is contributing to the establishment Marseille Asset Management Company Marseille Asset Management Company with a licensed capital of EGP 2.5 mn, Invest-Gate reports.

Norway Plans to Increase Investments in Egypt to USD 2 bn

• Wednesday, 31st May 2017
• by Nayrouz Talaat

Norway plans to increase its investments in Egypt to around USD 2 bn during the upcoming period, Invest-Gate reports.

Remco For Tourism Village Construction Losses Decline in Q1

• Wednesday, 31st May 2017
• by Nayrouz Talaat

Remco for Tourism Village Construction Company’s standalone net loss declines in the first quarter of 2017 by 43.55% to stand at EGP 22.4 mn, compared to EGP 24.7 mn a year ago, Invest-Gate reports.

Work Starts at Villas District in New Administrative Capital

• Wednesday, 31st May 2017
• by Menna A. Farouk

Construction works are starting at the site of the villas district as part of the residential community in the New Administrative Capital, Invest-Gate reports.

Three Property Insurers Vying to Win Egypt GASCO’s Insurance Policy Tender

• Tuesday, 30th May 2017
• by Nayrouz Talaat

Three insurers are competing to win a property insurance policy tender launched by the state-run Egyptian Natural Gas Company (GASCO), Invest-Gate reports.