Emaar Misr Donates EGP 878 mn to Development of Slums

Emaar Misr said its board of directors approved on April 16 donating EGP 878 mn (USD 50 mn) for the development of slums and informal areas in Egypt.

Ökoplan to Develop Master Plan of 700-Acre Project in New Alamein

Egypt-based Ökoplan Engineering Consultations is planning to develop the master plan of a new 700-acre plot of land owned by the New Urban Communities Authority (NUCA) in New Alamein.

Invest-Gate’s “Branded Residences & Hotel Apartments” Roundtable Stands Significant

Branded Residences & Hotel Apartments Roundtable held by Invest-Gate gains significance among developers in Egypt, claiming its products as necessary for the Egyptian market.

NUCA Opens First Training Center for Its Employees, Affiliates

Vice President of New Urban Communities Authority (NUCA) Abdulmutallab Mamdouh has announced opening the first training center for NUCA's employees and workers at the authorities of the newly developed cities.

Kuwait’s NREC Unit Signs Deal to Develop Some Housing Units in Egypt

Kuwaiti National Real Estate Company’s (NREC’s) unit Wadi El Nile Urban Development has signed a partnership agreement with Baderddin Group to develop part of Egypt’s housing units

Invest-Gate Gains Ground With its 2nd Real Estate Roundtable

Held under the auspices of the Minister of Housing, Utilities & Urban Communities, Invest-Gate hosted its second roundtable "Real Estate Tourism Development" on October 23 and was successfully received

World Bank Expects Egypt’s Economy to Grow 5.6% in FY2018/19

The World Bank (WB) expected Egypt’s growth rate to hit 5.6% during FY 2018/19, backed by private consumption, a recovery in the tourism sector, and the operationalization of recently discovered gas fields

Orascom Reveals First Office Building in El Gouna

Egypt's Orascom Development Holding (ODH) has signed a nine years' lease agreement with a German-based company to lease the first office building in El Gouna for a total amount of USD 6.7 mn

DAMAC Finalizes Tower B’s Raft Foundation

Dubai-based developer DAMAC Properties reveals the completion of the raft foundation works for tower B at AYKON City, its multi-tower master development overlooking Dubai Canal and Sheikh Zayed Road

Al Motahedoon Group Launches Eterna Healthcare City with EGP 1.2 bn Investments at Emaar’s Mivida

Al Motahedoon Group, a healthcare developer with 25-years track record in Egypt and the region, launched an upscale medical complex located at the heart of  the business center of Emaar Misr's Mivida

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