Emaar Misr Awards Arabtec 2 Projects in Uptown Cairo

Emaar Misr, Cairo-based unit of UAE's Emaar Properties, signed an EGP 1.845 bn contract with Dubai-based Arabtec Construction, a subsidiary of Arabtec Holding, to establish two urban projects in Uptown Cairo, an i ...

Six Flags Qiddiya Promises Tallest-Ever Roller Coaster, Drop Tower

Designs for Saudi Arabia’s mega US-operated amusement park, dubbed "Six Flags Qiddiya" and located in Riyadh, has been unveiled and is poised to be “the most unique Six Flags theme park ever built," boasting the w ...

Rixos Hotels Inks Deal for its Largest Resort on Red Sea

Turkish chain Rixos Hotels has signed an agreement to manage its largest all-inclusive luxury resort on Egypt's Red Sea coast, coming as part of the joint venture partner Accor’s plans to expand its presence in th ...

El-Sisi Approves Amendments to New Investment Law

President Abdel-Fattah El-Sisi ratified on August 5 amendments to several provisions of ​Egypt's New Investment Law, promulgated by Law No. 72 of 2017.

EMPC Extends Al Hokair’s Rights to Magic Land Overhaul

Egyptian Media Production City’s (EMPC) board has approved extending its agreement with KSA-based Al Hokair Group to redevelop and manage Magic Land, the former's amusement park in west Cairo, under a build-operat ...

Egypt, Bombardier Agree on EUR 3 bn Monorail Project

Egypt partnered on August 4 with Canada’s Bombardier Transportation for planned EUR 3 bn monorail project, linking 6th of October City to the New Administrative Capital (NAC)

Abdullah Al-Othaim Introduces 1st Snow City in Egypt

KSA-based Abdullah Al-Othaim Leisure and Tourism Company has introduced its very first snow city concept at City Stars Mall, east Cairo, with investments estimated at EGP 500 mn, allowing visitors to "live-in" a s ...

Reservation Starts at SECON’s Bleu Vert in NAC

The Saudi Egyptian Construction Company (SECON), an equally owned company by both Saudi and Egyptian governments, said clients can start reserving units at its new project in the New Administrative Capital (NAC), ...

Thomas Cook to Soon Debut 2 New Hotels in El Gouna

Thomas Cook Group plans to open two new hotels within a couple of months in El Gouna, Hurghada, notably Cook’s Club and Casa Cook, as popularity augments for the all-year-round destination among vacationers.

Egypt to Net USD 9.1 bn Under US Mideast Peace Plan

Egypt is expected to net as much as USD 9.1 bn worth of investments as part of the White House's USD 50 bn Middle East economic plan, which calls for the development of a global investment fund to uplift the Pales ...

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