Majid Al Futtaim Retail Seeks More Investments in Egypt

• Tuesday, 11th April 2017
• by Nayrouz Talaat

Emirati retail giant Majid Al Futtaim Retail, operator of Carrefour supermarkets, seeks to increase its investments in Egypt’s retail sector, Invest-Gate reports.

22 Investors in Upper Egypt Receive First Industrial Lands Free of Charge

• Tuesday, 11th April 2017
• by Nayrouz Talaat

A total of 22 investors have received land plots free of charge in the country’s southern cities of Sohag and Assiut, Invest-Gate reports.

SODIC Signs 1.3 bn Deal with AAIB to Finance SODIC West Project

• Tuesday, 11th April 2017
• by Leena ElDeeb

Egypt’s real estate developer SODIC announces that it has signed a medium term facility package worth EGP 1.3 bn with the Arab African International Bank to expedite construction works at its mixed-use development in Sheikh Zayed SODIC West, Invest-Gate reports.

PHD Inks EGP 852 mn Loan To Finance 190 Feddans, West Cairo

• Tuesday, 11th April 2017
• by Leena ElDeeb

Egypt’s real estate developer, Palm Hills Developments (PHD), signs a syndicated medium term loan agreement worth EGP 852 mn with the aim of partially financing the recently-acquired 190 feddans in West Cairo, Invest-Gate reports.                       

South Korea’s LG To Pump Investments worth EGP 2 bn in Egypt

• Monday, 10th April 2017
• by Leena ElDeeb

South Korean giant LG Electronics is to pump investments worth EGP 2 bn (USD 120 mn) in the Egyptian market, Invest-Gate reports.

Italgen, General Electric Eye Egypt For Development Projects

• Monday, 10th April 2017
• by Leena ElDeeb

Italgen, Italian energy generation company, and General Electric Egypt, American multinational conglomerate corporation,  are to work on different development projects in the infrastructure and energy sectors, Invest-Gate reports.

Dar Misr Extends Installment Collection Term

• Monday, 10th April 2017
• by Menna A. Farouk

The state-run New Urban Communities Authority extends the term for installment collection in the second phase of the “Dar Misr” units until the date buyers are notified of receiving them, Invest-Gate reports.

Over 1,000 Social Housing Units Underway, Sohag

• Monday, 10th April 2017
• by Menna A. Farouk

A total of 1,632 residential units are under construction in a social housing project undertaken by the government in the new city of Akhmeme in Sohag, Upper Egypt, Invest-Gate reports.

First Residence Launches Second Phase of Mangroovy Residence in El-Gouna

• Sunday, 9th April 2017
• by Menna A. Farouk

Egypt’s real estate developer First Residence for Real Estate Development launches the second phase of the Mangroovy Residence in El-Gouna, the Red Sea, Invest-Gate reports.

Al-Ahly for Real Estate Invests EGP 4 mn in 2017

• Sunday, 9th April 2017
• by Menna A. Farouk

Egypt’s prominent real estate developer Al-Ahly for Real Estate (Sabbour) is to invest 4 mn EGP in the country’s property market in 2017, Invest-Gate reports.