Master Group Plans for 5 New Projects Across Egypt: CEO

Egypt's real estate developer Master Group has announced plans to implement new projects in the New Administrative Capital (NAC), North Coast, Upper Egypt, and South Sinai by 2021.

Amer Group Still Mulls Land Purchase in New Sohag

Egypt-based Amer Group is still in the preliminary phase of conducting financial studies and due diligence on the feasibility of land purchase in New Sohag.

MNHD, CIB Seal EGP 1.1 bn Syndicated Loan Agreement

Egypt's Madinet Nasr for Housing and Development (MNHD) has agreed on an EGP 1.1 bn syndicated loan, aiming to proceed with plans to pump EGP 12 bn over the next three years into east Cairo's Sarai and Taj City pr ...

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.

Builderia to Invest EGP 500 mn in NAC’s Paragon

Egypt's Builderia Development plans to pump EGP 500 mn into its first intelligent administrative complex in the New Administrative Capital (NAC), or "Paragon," aiming for completion in 2022.

Hassan Allam Raises Stake in SODIC to 3.9%

Egypt's real estate developer Hassan Allam Properties (HAP) has upped its stake in the Sixth of October for Development and Investment Company (SODIC) to 3.9% from 2.22%.

Amer Group’s Unit Gets Approval to Crop New Minya Land Area

Amer Group's subsidiary Amer for Tourism Development has obtained approval from the New Minya City Authority to scale down the land area allocated for an integrated urban project in the new city.

Misr Italia to Set Up Ain Sokhna’s 1st Kitesurf Center

Misr Italia Properties (MIP) has signed off on setting up the very first kitesurfing center in Ain Sokhna at its flagship project Kai Sokhna, which is slated for opening in the final quarter of 2020.

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 ...

Al Ahly Sabbour Delivers 362 Homes in Amwaj

Al Ahly Sabbour Development has successfully delivered 362 residences in its North Coast flagship project, or "Amwaj," bidding to handover 577 others before year-end, as part of the fourth phase.

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