News / Middle East

REDCON Signs Sustainable Communities Initiative Declaration During COP27

The initiative is intended at uniting, coordinating, and guiding stakeholders’ actions across the built environment value chain that will ensure the well-being of people and the planet through the construction and real-estate sector practices in Egypt.

Lafarge Egypt Opens SwissCham Egypt’s Pavilion in COP27

Ignazio Cassis, President of the Swiss Confederation, praises the efforts of Swiss manufacturers paid to address climate change.

Arabisk Development Eyes Expansion in Egypt, GCC

Abdel Hamid Al-Wazir, Chairman of Arabisk Real Estate, notes that the company will open new branches and headquarters to keep pace with the expansion of its projects.

Savills: Industry Leaders Discuss Sustainability Road Map for Real Estate in Egypt

Savills is working with its partners on their developments, primarily commercial buildings that are currently under construction, seeking the LEED Platinum certification.

El Riyad Castle Hires Concorde El Salam Hotels to Manage Valore El Thawra

The agreement also provides for leasing for rent hotel units to clients.

MODON Development Avoids Using Pollutants in Projects; Depends on Solar Energy

MODON uses solar power in all its current projects to rationalize energy consumption, save the environment, and reduce operational costs.

Informa Markets Egypt Reveals Key Highlights of 11th Cityscape Egypt Conference

The event included a wide range of workshops, panel discussions, presentations, and research, allowing for interactions between officials and experts in the real estate sector.

DM Development to Build EGP 300 mn Therapeutic, Recreational Destination

The new destination will be located in The Groove Sokhna Resort’s retail area, in Ain Sokhna region.

Cop27 Kicks off in Sharm El-Sheikh on Sunday

Several themed days for focused discussions have been designated, which will include side events, panel discussions, and roundtables.

ACWA Power Inks deal with NREA, EETC to Build 10GW Wind Power Plant in Egypt

The agreement includes allocating lands for measurements and technical studies required for the project, in preparation for negotiating the project’s final contracts.

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