Reedy Intends to Deliver Phase I of New Cairo Project Before 2021

Egypt-based real estate developer Reedy Group has revealed plans to start handing over phase I of its contemporary gated community in New Cairo, or "Azzar," thereby delivering almost 70% of the project's total res ...

EPIS 2020 Edition Bodes Well for Egypt’s Property Market

The 2020 edition of Egypt Property and Investment Show (EPIS) took place from December 3 to 6 to host a diverse range of real estate companies eager to jump back on track and lure as many buyers as possible after ...

Mountain View to Get Started on Heartwork Project in Q1 2021: Chairman

Mountain View Chairman Amr Soliman has unveiled plans to commence work on Egypt's “first international business hub” in New Cairo, called "Heartwork," in Q1 2021, in a bid for delivery before 2022.

Mostakbal City Sees Inauguration of 1st Education Project’s Temporary HQ

New Cairo's Mostakbal City has witnessed the inauguration of the temporary administrative headquarters of the new smart city's first educational component by El Rabwa for Integrated Educational Services.

LMD to Bring Africa’s 1st W Branded Residences to Egypt

Egypt-based real estate developer LMD has signed an agreement with Marriott International to bring Africa's first "W" branded residences to its flagship mixed-use project in New Cairo, or "One-Ninety."

PHD Closes its Largest Securitization Transaction

Palm Hills Developments (PHD) has announced closing its fifth and largest securitization bond, in a transaction backed by a receivables portfolio of EGP 1.5 bn, and handled by the Arab African International Bank ( ...

Doja Uncovers 3rd Mixed-Use Project in NAC

Egypt-based Doja Developments has uncovered its third project in the New Administrative Capital (NAC), extending over an area of 3,000 square meters in the Downtown District and comprising an array of administrati ...

ODE Seals USD 265 mn Loan Agreement

Orascom Development Egypt (ODE) has sealed a medium-term loan deal worth USD 265 mn (EGP 4.1 bn) to refinance outstanding debt and bankroll growth plans.

MG Developments Selects 3 Foreign Firms to Finish New Cairo Project

MG Developments has revealed contracting with several leading companies to complete internal and external finishes of its fully-fledged administrative/commercial complex in New Cairo, called Headquarters Business ...

SODIC Sells 776 Properties Across Cairo in 9M

Sixth of October Development and Investment Company (SODIC) sold out 776 properties during the first nine months of 2020, bringing gross contractual sales to EGP 4.1 bn and marking a YoY rise of 23% from EGP 3.34 ...

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