Egypt’s Housing and Development Bank Q2 Consol Profit Rises

Cairo-based Housing and Development Bank announces a rise in its consol net profit at EGP 259.1 mn during the second quarter of 2017, compared to EGP 222.7 mn at the same time last year

Jabal Omar to Establish Two Ventures for SAR 20 mn

Saudi Arabian developer, Jabal Omar Development Co., plans to set up two subsidiaries with a total capital of SAR 20 mn

Singapore Cooperates With Egyptian Gov’t to Develop SCZone

Egypt and Singapore agree on a mutual co-operation in upgrading ports, shipbuilding and growing investment in the SCzone

Madinat Zayed Shopping Center to Undergo USD 11 mn Refurbishment

Abu Dhabi City Municipality’s (ADM) Department of Municipal Affairs and Transport (DMAT) signs a contract with Line Investment and Property for the redevelopment of a mall, Invest-Gate reports

Bahrain’s Diyar Al Muharraq Finalizes All Works for Sarat Project

Bahrain’s urban developer Diyar Al Muharraq completes the secondary infrastructure works for its new residential project, Invest-Gate reports

Azmeel Group to invest EGP 600 mn in Sheikh Zayed, 6th of October 

Egyptian real estate developer, Azmeel Group Real Estate, is to pump new investments worth EGP 600 mn in a number of residential projects in Sheikh Zayed and 6th of October cities, Invest-Gate reports.

Gov’t Revives Investment Zones to Support Small-, Medium-sized Enterprises

The government sets out a plan to revive a host of investment zones in Giza, Daqahliyah and Qalyubiyah for small- and medium-sized enterprises in efforts aimed at supporting young people, Invest-Gate reports.

DAMAC, Amlak Partner to Offer Customers Investment Opportunities

Dubai’s property developer, DAMAC Properties, partners with real estate financier, Amlak Finance, to offer its existing customers an exclusive investment opportunity, Invest-Gate reports.

Egypt’s Government Eyes NIC Capital and Flat 6 Labs To Support Start-Ups

Egypt’s Ministry of Investment and International Cooperation signs an agreement with the Egypt Company for Entrepreneurship and Investment,  NIC Capital, and Flat 6 Labs to invest EGP 10 mn in start-up companies, Inv ...

Egypt To Offer 24,000 Land Plots For Various Purposes

The government is to offer 24,000 land plots for investments and services in new cities next week, Invest-Gate reports. Minister of Housing Mostafa Madbouly described the tender as "the largest land tender ever".  

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