NBE, IGI Agree on EGP 600 mn Facility for West Cairo’s Ashgar City

Egypt-based developer IGI Real Estate has agreed on a loan facility from the National Bank of Egypt (NBE) to finance the construction of its flagship project in 6th of October City, named "Ashgar City," with the f ...

ODE Adds 2 NIS Schools to O West at Over EGP 500 mn

Orascom Development Egypt (ODE) and Dr. Nermien Ismail Schools (NIS) have joined forces to develop two new international schools in the former Egyptian developer's O West project, at costs exceeding EGP 500 mn.

P&G to Invest USD 50 mn in Egypt Over 18M

Procter & Gamble (P&G) has announced plans to pump over USD 50 mn (EGP 809 mn) into the Egyptian market by the end of 2021 to expand production capacity.

Mountain View’s Latest West Cairo Project Logs EGP 1 bn Sales

Egypt's property developer Mountain View has launched "MV Park - The Lake," its latest residential project in 6th of October City, generating sales totaled at EGP 1 bn.

JLL Predicts E-Commerce Boom in Egypt Amid COVID-19

JLL expects a new wave of e-commerce transformation across Egypt, especially in Cairo, after showing a notable growth potential following the coronavirus fallout

Skywalk Kicks Off EGP 8 bn Project in West Cairo

Skywalk Developments has launched its first flagship project in the 6th of October City, with investments exceeding EGP 8 bn

Brickzey Posts EGP 3.5 bn Contractual Sales in 2019

Brickzey Property Management CEO Ahmed Selim said the company logged EGP 3.5 bn worth of sales in 2019, marking an EGP 1 bn hike compared with the year-ago period.

NUCA Auctions Over 85 Mixed-Use Units Nationwide

The New Urban Communities Authority (NUCA) is offering 89 properties of different sizes and activities in a public auction sale, notably across Shorouk City, New Minya, Sadat City, New Fayoum, and Obour City

Gov’t Builds 4,500 KM of National Roads Project: Minister

Transport Minister Kamel El Wazir has revealed that 4,500 out of the total 7,000 kilometers of the under-development National Roads Project have been implemented so far since the program's inception in 2014, at a ...

Real Estate Chamber Obtains Approval for 2 New Offices

Egypt's Ministry of Housing, Utilities, and Urban Communities has approved the establishment of two headquarters for the Real Estate Development Chamber in the New Urban Communities Authority (NUCA) and the 6th of ...

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