SODIC Reports Net Profit of EGP 429 mn in 2016

• Monday, 13th March 2017
• by Yasmin El-Beih

Egypt's leading real estate developer SODIC reported a net profit after tax of EGP 429 mn, up by 38% y-o-y for the full year ending on December 2016 compared to a year earlier, according to a report sent to Invest-Gate.

ARCO Egypt to Launch Phase I of Lavande

• Monday, 13th March 2017
• by Fatma Khaled

Egypt’s leading real estate company ARCO launched the first phase of its project Lavande, a high-end residential complex located in 6th of October City

EBRD, EU Launch 500 SMEs in Egypt

• Monday, 13th March 2017
• by Fatma Khaled

The European Union (EU) and the European Bank for Reconstruction and Development (EBRD) announce the completion of the establishment of 500 small- and medium-sized enterprises (SMEs) in Egypt

Giza prepares Blueprints to Launch major Project

• Monday, 13th March 2017
• by Fatma Khaled

The government is drawing up detailed blueprints of the Giza neighborhoods in preparation for launching a major developmental project

Government to Offer Citizens 1,465 Land Plots Across Three Cities

• Monday, 13th March 2017
• by Fatma Khaled

The government will be offering citizens 1,465 special land plots located in 6th of October City, Badr City, and 10th of Ramadan City on the outskirts of Cairo

WB Grant Obtained For Health Units Across Five Cities

• Sunday, 12th March 2017
• by Leena ElDeeb

The Ministry of Health gets hold of USD 75 mn, the first portion of the World Bank (WB) grant, to support 1,140 health units in Qena, Souhag, Assiut, Minya and Beni Sueif

Heliopolis Hydraulic Garage to Launch in August

• Sunday, 12th March 2017
• by Leena ElDeeb

The first phase of Egypt’s first underground hydraulic garage, Roxy Parking, is to be completed in August

Egypt Updates UN on Economic Progress

• Sunday, 12th March 2017
• by Fatma Khaled

UN Resident Coordinator in Cairo Richard Dictus discusses Egypt’s economic and social reform with Prime Minister Sherif Ismail and Minister of International Cooperation and Investment Sahar Nasr

Egypt to Expand Sheikh Zayed City

• Sunday, 12th March 2017
• by Fatma Khaled

Egypt is preparing plans to expand Sheikh Zayed City to add 9,390 acres of lands located at the west of the city, extending to the Alexandria Desert Road from the north and expansions of 6th of October City from the south, Invest-Gate reports.

Winners of Dar Misr Units to Finalize Down Payment in March

• Sunday, 12th March 2017
• by Fatma Khaled

Minister of Housing and Urban Communities Mostafa Madbouly approves extending the down payment deadline on Dar Misr units until 23 March, Invest-Gate reports.