Talaat Moustafa to Provide 2 mn Egyptians with COVID-19 Vaccine

Talaat Moustafa Group (TMG) Holding CEO Hisham Talaat Moustafa has inked a cooperation protocol with the Egyptian health ministry to cover the costs of COVID-19 vaccines for about 2 mn unprivileged citizens, as pa ...

Mountain View Signs Deal to Develop IT Infrastructure at iCity Projects

Mountain View has signed a strategic cooperation agreement with Huawei Technologies to develop information technology (IT) infrastructure at its “iCity” projects in east and west Cairo, with investments exceeding ...

MIP Posts EGP 2 bn Contractual Sales in 2020: CEO

Egypt-based real estate developer Misr Italia Properties (MIP) has managed to record contractual sales of EGP 2 bn in 2020, paired with the delivery of mixed-use units at five different property projects nationwid ...

Phase I of New Zayed’s Karmell Sells Out on Launch Day: SODIC

Sixth of October Development and Investment Company (SODIC) sold out the first batch of residential units at its newest 240-acre west Cairo project in New Zayed, dubbed "Karmell," on the first day of launch on Dec ...

ODE Sells 35.25% Stake in Subsidiary for Almost EGP 129 mn

Orascom Development Egypt (ODE) has signed off on selling a 35.25% stake in its subsidiary New City Housing and Development Company (NCHD), at a total cost of EGP 128.6 mn, in line with its strategic plans to rein ...

SODIC to Bring New Innovative Office Lease Solution to Egypt

Sixth of October Development and Investment Company (SODIC) has partnered with the largest office furniture and interior/exterior systems manufacturer in the Middle East, Mobica, to bring a new office concept and ...

Al Ahly Sabbour Inks USD 100 mn Facility Management Deals

Al Ahly Sabbour Developments and UAE-based Eltizam Asset Management Group have agreed on two joint ventures (JVs), with a combined value of USD 100 mn (EGP 1.57 bn), for the provision of integrated facility and co ...

IC Group Starts Delivery of New Cairo’s Life Mall to Open in Q1 2021

IC Group has commenced the handover of its 4,800-square-meter commercial project in New Cairo, or "Life Mall," in a bid for official opening and operation in Q1 2021.

Hassan Allam Properties to Sponsor Egypt’s 1st IRONMAN 70.3

Hassan Allam Properties (HAP) has announced its sponsorship of Egypt's first-ever round of the world-class triathlon race IRONMAN 70.3, which will take place on the Red Sea coast of Hurghada on November 19, 2021. ...

New Plan in Talks Over 2nd Real Estate Project in Port Said

New Plan Developments is currently in negotiations to take up its second real estate project in Port Said, as part of a cooperation protocol previously signed with the governorate.

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