Misr Italia Properties Invests EGP 3.4 bn in 2019: CEO

CEO of Misr Italia Properties Mohamed Hany El Assal has revealed that his company has invested around EGP 3.4 bn across a number of projects throughout this year.

Marakez Gets EGP 395 mn Loan for Mall of Arabia Expansion

Marakez for Real Estate Investment, a subsidiary of Saudi Arabia's Fawaz Alhokair Group, has signed a long-term loan agreement with Emirates NBD Egypt to provide EGP 395 mn worth of funds for Mall of Arabia's new ...

Shorouk City to Have 1st State-Run Mall

Shorouk City Authority will for the first time entirely finance the implementation of a three-acre commercial center, located northeast Cairo, endeavoring to expand into and specialize in various investment fields ...

NUCA Inks Protocols to Develop Unused Lands: Official

Assistant Housing Minister for the New Urban Communities Authority (NUCA) Waleed Abbas said the authority has inked several cooperation protocols with the public enterprise sector and awqaf ministeries to develop ...

NUCA Auctions Over 85 Mixed-Use Units Nationwide

The New Urban Communities Authority (NUCA) is offering 89 properties of different sizes and activities in a public auction sale, notably across Shorouk City, New Minya, Sadat City, New Fayoum, and Obour City

Cleopatra Hospital to Form New Management Arm

Egypt-based Cleopatra Hospital Group's (CHG) Board of Directors (BoD) ratified on October 22 the establishment of a new joint-stock company to manage and operate its hospitals nationwide, at a total market cap of ...

Beta Egypt to Invest EGP 400 mn in Mostakbal City

Egypt-based Beta Egypt for Urban Development plans to pump up to EGP 400 mn into its flagship project, Beta Greens New Cairo, located in Mostakbal City, until late 2020

Works at Amer Group’s Porto Heliopolis Paused

Amer Group has confirmed that works at its latest project in east Cairo, Porto Heliopolis, owned by its subsidiary Delmar for Touristic Development, have been temporarily suspended by the competent authorities.

Orascom Investment, Qatari Diar Eye Potential Partnership

Egypt's Orascom Investment Holding (OIH) is in talks with Qatari Diar Real Estate Investment Company for a potential deal, after conducting several feasibility studies of different investment opportunities at the ...

Orouba Misr Uncovers Orouba Mall in Damanhour

Orouba Misr Development unveiled on October 17 that construction works at "Orouba Mall" in Damanhour have commenced on-site, with investments worth EGP 5 bn.

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