private investors
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Investment
El Rabwa Network to Invest EGP 1.5 bn in Mostakbal City: Chairman
Monday, 28 December 2020
El Rabwa Network has unveiled plans to pump EGP 1.5 bn worth of investments into developing the Global Paradigm Schools complex in New Cairo’s Mostakbal City, following the opening of the education project's first administrative headquarters in early December.
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Developers
Ghabbour, Other Investors Acquire NCHD for USD 50 mn
Monday, 21 December 2020
Some Egyptian businessmen have recently acquired the New City Housing and Development Company (NCHD), a subsidiary of Orascom Development Egypt (ODE), through an English investment fund and one of GB Capital companies owned by Raouf Ghabbour, in a move valued at USD 50 mn (EGP 787.1 mn).
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Investment
GCC Investors Seek to Develop Cairo, Sphinx Airports: Minister
Thursday, 17 December 2020
Minister of Civil Aviation Mohamed Manar said some Saudi and Kuwaiti investors are keen to compete for cargo village and logistic projects at Cairo International Airport (CAI) and Sphinx International Airport (SIA).
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Developers
Seef Properties’ Al Liwan Project in Bahrain Nears Completion
Monday, 14 December 2020
Bahrain’s Seef Properties CEO Ahmed Youssef has revealed that construction on its mixed-use project, "Al Liwan" is nearing completion for the official opening in Q1 2021.
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Land
About 903 Acres Are Reallocated for Urban Expansion Into Giza: NUCA
Monday, 14 December 2020
Vice President of the New Urban Communities Authority (NUCA) for Commercial and Real Estate Affairs Mohamed Anwar Hilal said investors can apply for acquiring two state-owned parcels of 880.99 and 21.83 acres, separately, across Giza, which are being reallocated for the development of additional urban areas.
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Developers
IC Group Starts Delivery of New Cairo’s Life Mall to Open in Q1 2021
Sunday, 13 December 2020
IC Group has commenced the handover of its 4,800-square-meter commercial project in New Cairo, or "Life Mall," in a bid for official opening and operation in Q1 2021.
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Construction
Hassan Allam Construction Gets Work on New Hospital in West Cairo
Tuesday, 8 December 2020
Egypt's Hassan Allam Holding (HAH) has announced that its subsidiary, Hassan Allam Construction (HAC), was awarded work on foundations and skeleton frames for the Baheya Foundation’s new hospital branch in Sheikh Zayed, west Cairo, specialized in the treatment and early detection of breast cancer.
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Developers
New Plan in Talks Over 2nd Real Estate Project in Port Said
Tuesday, 8 December 2020
New Plan Developments is currently in negotiations to take up its second real estate project in Port Said, as part of a cooperation protocol previously signed with the governorate.
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Developers
Mountain View to Get Started on Heartwork Project in Q1 2021: Chairman
Tuesday, 8 December 2020
Mountain View Chairman Amr Soliman has unveiled plans to commence work on Egypt's “first international business hub” in New Cairo, called "Heartwork," in Q1 2021, in a bid for delivery before 2022.
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Investment
Egypt Secures USD 7.31 bn in Funding in 2020: Al-Mashat
Monday, 7 December 2020
Egypt’s Ministry of International Cooperation managed to conclude agreements worth USD 7.31 bn (EGP 114.6 bn) in development funds from multilateral and bilateral partners in 2020, USD 2.76 bn (EGP 43.3 bn) of which is being directed to the private sector.
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Last Modified January 3, 2022