AAIB, SODIC’s Unit Ink EGP 2.57 bn Credit Facility

Sixth of October for Development and Investment Company's (SODIC) subsidiary, Sixth of October Development and Real Estate Projects (SOREL), has signed an EGP 2.57 bn medium-term credit facility with the Arab Afri ...

Egyptian Real Estate Sees Buoyant Demand: Fitch Solutions

Fitch Solutions said the introduction of 20 new cities across Egypt, along with the upgrading of 23 existing areas, is stirring up demand for Egyptian real estate, in the face of Coronavirus headwinds.

NUCA Allocates 81 Lands for Integrated Urban Projects

The New Urban Communities Authority (NUCA) has approved the allocation of 81 land plots across 23 new cities for the establishment of various integrated urban projects, including schools, factories, hotels, hospit ...

MIP’s Allure Logs EGP 200 mn Sales Within 48 Hrs of Launch

Misr Italia Properties (MIP) has uncovered posting EGP 200 mn in sales of Allure Executive Offices - the latest addition to its integrated administrative complex, or Cairo Business Park - within its first 48 hours ...

SODIC Awards Over EGP 1.2 bn Tenders for SODIC East in 2 Yrs

Sixth of October Development and Investment (SODIC) has awarded more than EGP 1.2 bn worth of construction tenders to develop its SODIC East project over the last two years.

MNHD Nods Total Egypt’s Land Rental Offer in Sarai

Madinet Nasr Housing and Development (MNHD) has nodded a previously-signed 25-year agreement with Total Egypt to lease a 3,000-square-meter land in its New Cairo compound, Sarai, adding up to the latter’s 7,000-sq ...

MIP Signs Deal for Cairo Business Park’s Digital Infrastructure

Misr Italia Properties (MIP) has partnered with Etisalat Misr to implement high-tech communication and digital infrastructure at its integrated administrative complex in New Cairo, Cairo Business Park.

Prices of New Cities’ Industrial Lands Stable Until Year-End: NUCA

The New Urban Communities Authority (NUCA) has agreed to extend dealing with recent prices of industrial lands in new cities until year-end, which was in effect between January and June, targeting no hikes during ...

OUD Among Egypt’s 5 Top Diversified Landowners

Egypt's Orientals for Urban Development (OUD) was ranked the fourth among the five top real estate developers with a diversified land portfolio nationwide.

Smart Assets Eyes EGP 600 mn Contractual Sales in 2020

Egypt-based Smart Assets Real Estate Company is targeting the generation of EGP 600 mn in contractual sales for the various private projects across the country during the current year, compared to EGP 460 mn in 20 ...

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