UAE’s Al Habtoor Preps for New Office in Cairo
UAE-based business conglomerate Al Habtoor Group (AHG) is putting the finishing touches on its newest office in Cairo, which is set for inauguration by year-end.
Egypt Opens Beach Area of Steigenberger Hotel El Lessan
The Holding Company for Tourism and Hotels (HOTAC) has opened the beach area of Steigenberger Hotel El Lessan Ras El Bar, following the completion of comprehensive development, with investments worth EGP 10 mn.
TSFE, Housing Ministry Discuss EGP 30 bn National Projects
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar and The Sovereign Fund of Egypt (TSFE) Chairperson Hala El Saeed have discussed means of cooperation in several national developments, at a com ...
Gov’t Inks EUR 1.14 bn Operation Contract for Cairo Metro Line III
The National Authority for Tunnels (NAT) has inked a EUR 1.14 bn (EGP 21.4 bn) contract with French transportation firm RATP Dev to run and operate Cairo Metro Line III.
Almost Half of NAC’s Iconic Tower Complete: Minister
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has indicated that 42 floors of the 80-story Iconic Tower in the New Administrative Capital (NAC) were constructed so far, which is being carri ...
Emaar Misr, Elsewedy to Build TKH Universities in West Cairo
Emaar Misr and Elsewedy Education have agreed to build a 50-acre campus to host The Knowledge Hub Universities (TKH) in the former developer's New Zayed project, bringing UK-based Coventry University and branches ...
EBRD Approves USD 12 mn Loan for Hyatt Regency Cairo West
The European Bank for Reconstruction and Development (EBRD) has approved the provision of a USD 12 mn (EGP 192 mn) long-term loan to bankroll the construction of the second Hyatt-branded hotel in Egypt, located in ...
Cabinet Ratifies Building Investment Zone in Uptown Cairo
The Egyptian Cabinet has approved Emaar Misr's request to implement a 64-acre investment zone in its flagship project on east Cairo's Mokattam Hills, or "Uptown Cairo."
Invest-Gate Wraps Up DigitalWeek to Plot Road Ahead for Digital Real Estate
Invest-Gate wrapped up its first-ever #DigitalWeek on July 22, marking a tremendous success in assessing how digitization in the Egyptian property industry is transforming businesses and wider society, in a world ...
IsDB Provides USD 16.6 bn to Finance 395 Egyptian Projects
The Islamic Development Bank (IsDB) has pumped USD 12.8 bn (EGP 204.2 bn) worth of investments into 338 different projects across Egypt, while currently working on 57 others with around USD 3.8 bn (EGP 60.6 bn).
