Minka Launches EGP 5 bn Project in East Cairo
Minka Development has launched an integrated urban development in east Cairo, called “Kinda,” with planned investments of EGP 5 bn, attempting for completion in 2025.
SODIC’s Home Sales Hold Strong in H1 Despite Pandemic
Sixth of October for Development and Investment Company's (SODIC) gross contracted sales of residential units stood at EGP 1.83 bn in H1 2020, almost flat compared to EGP 1.86 bn in the year-ago period.
Marakez Secures EGP 670 mn Loan for Mall of Katameya
Fawaz AlHokair Group’s mall development unit Marakez has signed an EGP 670 mn syndicated loan agreement with multiple local banks to finance the execution of phase II of east Cairo's Mall of Katameya.
Emaar Misr Sees 517% Profit Jump in H1 2020
Emaar Misr for Development saw a 516.7% year-on-year (YoY) surge in net profit to log EGP 581.53 mn in H1 2020, compared to EGP 94.29 m in the year-ago period.
SODIC Awards Over EGP 1.2 bn Tenders for SODIC East in 2 Yrs
Sixth of October Development and Investment (SODIC) has awarded more than EGP 1.2 bn worth of construction tenders to develop its SODIC East project over the last two years.
Minka to Launch its Largest Project in East Cairo in 2M
CEO of Minka Development Abdullah Salam said the company is on the verge to finalize its "latest and largest project" in east Cairo, attempting for launching within the next couple of months.
Egypt, China to Build EGP 303 mn Substation in Madinaty II
The Egyptian Electricity Transmission Company (EETC) has partnered with a Chinese consortium to build a substation in Madinaty II, east Cairo, at costs estimated at EGP 303 mn.
SODIC Sees 25% Rise in Home Sales Albeit Fewer Releases
Sixth of October Development and Investment Company (SODIC) logged a 25% uptick in residential contractual sales in Q1 2020, registering EGP 842 mn versus EGP 672 mn in the year-ago period, driven mainly by its we ...
The Waterway Releases EGP 4 bn Business Hub in New Cairo
Egypt's property developer The Waterway has rolled out its latest integrated business hub in New Cairo, called “5A,” with investments valued at EGP 4 bn, fusing administrative, commercial, and recreational service ...
New Cairo’s Obour Axis Sees EGP 170 mn Revamps
Assistant Vice-Chairman of New Urban Communities Authority (NUCA) Gamal Talaat said the upgrading of New Cairo's Obour Axis is underway, which connects 90 Road to Ain Sokhna Road, with investments worth EGP 170 mn ...
