Bombardier-Led Consortium Ideal Bidder for EUR 3 bn Monorail Project

A consortium of Orascom Construction, Arab Contractors, and Bombardier Transportation was selected as the preferred bidder to carry out a EUR 3 bn (USD 3.36 bn) monorail project, linking 6th of October City to the ...

El Attal Mulls EGP 2.5 bn Tourism Project in Ain Sokhna

Chairman of El Attal Holding Ahmed El Attal has revealed that the company intends to develop a residential tourism project in Ain Sokhna, with investments estimated at EGP 2.5 bn

Doja Uncovers EGP 1.2 bn Aurora Project in NAC

Egypt-based Doja Developments has officially launched the first administrative, medical, and commercial complex in the New Administrative Capital (NAC) - or "Aurora," with investments valued at EGP 1.2 bn.

The Address Investments Eyes EGP 3 bn Sales for Developers in 2019

The Address Investments Real Estate Consultancy targets sales worth EGP 3 bn for developers this year.

Egypt’s 1st Monorail to be Implemented Over 24M: Minister

Minister of Transportation Kamel El Wazir inspected on May 4 the commencement of the civil works of Egypt’s first monorail project, linking between Greater Cairo and the New Administrative Capital (NAC), which is ...

Orascom Construction Seals USD 475 mn Deals in Q1 2019

Egypt-based Orascom Construction has announced adding new contracts worth USD 475 mn to its backlog during the first quarter of 2019, driving the company’s consolidated backlog to hit nearly USD 4.2 bn as of March ...

Egypt Inks USD 3 bn Loan Deal with Chinese Bank for NAC Business Zone

Egypt signed on April 28 a USD 3 bn loan with the Industrial and Commercial Bank of China (ICBC) to finance the designing and establishment of the Central Business District (CBD) in the New Administrative Capital ...

Sabbour Consulting to Supervise Hometown’s ZAHA Park

Sabbour Consulting and Hometown Real Estate Development have signed a consulting services agreement to provide general consultancy and supervise the implementation of the latter company’s commercial and administra ...

ACUD, Cairo Gas Ink Deal to Supply Natural Gas to NAC’s Government District

The Administrative Capital for Urban Development (ACUD) signed on April 18 a cooperation protocol with state-run Cairo Gas, representing the petroleum ministry, for the establishment of a natural gas network at th ...

El Attal to Finish Selling Park Lane’s 2nd Phase Soon

El Attal Holding announced plans to shortly complete selling the second phase of its Park Lane Compoundhood in the New Administrative Capital (NAC)

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