expansions
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Land
NUCA Agrees to Develop Textile Industry’s State-Owned Unused Lands
Wednesday, 16 December 2020
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has witnessed the signing of a cooperation protocol between the New Urban Communities Authority (NUCA) and the Holding Company for Cotton, Spinning, and Weaving to develop some of the unused lands owned by the latter company or its subsidiaries across Egypt.
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Developers
Al Ahly Sabbour Inks USD 100 mn Facility Management Deals
Sunday, 13 December 2020
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 community management services to four of the former Egyptian developer's projects across the country.
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Developers
New Plan Developments Inks Protocol for Port Said’s Piazza
Sunday, 20 September 2020
New Plan Developments has inked a cooperation protocol with Port Said Governorate for the development of "Sahet Misr," which is the main piazza of the coastal Mediterranean city.
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Investment
P&G to Invest USD 50 mn in Egypt Over 18M
Thursday, 25 June 2020
Procter & Gamble (P&G) has announced plans to pump over USD 50 mn (EGP 809 mn) into the Egyptian market by the end of 2021 to expand production capacity.
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Business
Dawi Clinics Sets Foot in Nile Delta
Sunday, 21 June 2020
Outpatient healthcare services provider Dawi Clinics expands outside the capital city and set foot into the Nile Delta, opening a new branch in Tanta.
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Developers
TMG Holding Settles Disputes Over San Stefano Project
Wednesday, 20 May 2020
Talaat Mostafa Group (TMG) Holding has signed a settlement agreement to resolve over Alexandria’s San Stefano project.
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Developers
Marriott Eyes 40 Africa Hotels by 2023
Wednesday, 25 September 2019
Marriott International is set to reinforce its commitment to Africa by eyeing the addition of 40 new properties and over 8,000 rooms across the continent by the end of 2023, driven by strong demand and steady growth for its premium and select-service brands
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Government
Egypt to Have 4 New Lulu Hypermarkets Soon
Thursday, 29 August 2019
Egypt has inked a USD 500 mn deal with UAE’s LuLu Group International to establish four new hypermarkets nationwide over 12 months, coming as part of the state's plans to expand the Egyptian retail sector and provide low-priced food commodities.
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Government
New Aswan Sees EGP 1.2 bn Investments Since 2014
Monday, 19 August 2019
Egypt has pumped investments worth EGP 1.2 bn in New Aswan since 2014 up to date, compared to a total of EGP 750 mn beforetime
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Land
Gov’t Allocates 15,000 Acres for New City in Minya
Wednesday, 7 August 2019
Egypt's Supreme Council for Planning and Urban Development has approved allocating 15,000 acres for setting up a new city in the Upper Egypt governorate of Minya, dubbed "New Bani Mazar," aiming to develop an urban community that hosts distinct types of residences.
Latest News
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Upper Egypt Development Reaches EGP 83 bn in 7 Years
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Emaar Misr Signs Contract to Develop Cairo Gate
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Concord Expands with New Branch in New Cairo
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Engineering Solutions Adds EGP 2 bn Business Value during 2021
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Last Modified April 7, 2021