Gov’t Seeks to Salvage Fourteen Stalled Projects

• Wednesday, 26th April 2017
• by Fatma Khaled

The government is seeking to salvage fourteen projects worth EGP 4 bn which were stalled due to ministerial orders and lack of financing, Invest-Gate reports.

Novus Stanza to Offer Feasible Payment Plans for its Project in New Cairo

• Wednesday, 26th April 2017
• by Fatma Khaled

Egypt’s real estate developer Novus Stanza is providing feasible payment methods for special locations in New Cairo’s Golden Heights, Invest-Gate reports.

AIIB To Fund Egypt’s Basic Infrastructure

• Tuesday, 25th April 2017
• by Leena ElDeeb

The Asian Infrastructure Investment Bank (AIIB) is planning to fund a variety of basic infrastructure projects worth USD 10 to 15 bn annually over a period of five to six years in countries within the bank’s operations, including Egypt, Invest-Gate reports.

El Shams City Reports Total Investment of USD 4 bn

• Tuesday, 25th April 2017
• by Nayrouz Talaat

Sales General Manager of Egypt’s real estate company Realmark Karim Mamoun confirms the total investments of El-Shams Tourist City stand at more than USD 4 bn, Invest-Gate reports.

OHD reports net loss of EGP 499.5 mn

• Tuesday, 25th April 2017
• by Nayrouz Talaat

Egypt’s real estate developer Orascom for Hotels and Development has turned from profits to losses in 2016 due to the EGP flotation in November, Invest-Gate reports.

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.