Al-Futtaim Breaks Ground on EGP 2 bn Festival Avenue

Al-Futtaim Group has launched the new expansion of Cairo Festival City (CFC) Mall, called "Festival Avenue," in the heart of New Cairo

Sabbour, Marriott Partner to Open W Hotel in New Cairo

Cairo-based real estate developer Landmark Sabbour has signed an agreement with Marriott International to bring the W Brand to east Cairo

CBE Raises Tourism Financing Package to EGP 50 bn

The Central Bank of Egypt (CBE) has announced on December 15 an extensive financing plan to boost the tourism sector with EGP 50 bn instead of EGP 5 bn

Maged Salah Al Din Appointed as ARDIC CEO

ARDIC for Real Estate Development and Investments has appointed Maged Salah Al Din as the new CEO to succeed Ashraf Dowidar

DoubleTree by Hilton to Open in Ain Sokhna

Egypt’s DM Development and the Hilton International Hotel Management Group announced plans to introduce a DoubleTree by Hilton hotel in Ain Sokhna, Suez governorate

Palm Hills Alexandria Phase II Kicks off

Palm Hills Alexandria’s Phase II has been launched during an exclusive event on December 3, following the success of the first phase, which was released in late 2018.

CBE Kicks off Initiative for E-Collection of Mortgage Payments

The Central Bank of Egypt (CBE), in collaboration with the Social Housing and Mortgage Finance Fund, has launched an initiative to start the collection of mortgage installments via e-payment methods in partnership ...

Gov’t to Sell 22-25% of Heliopolis Housing Shares in Q1: Minister

Public Enterprise Minister Hesham Tawfik said 22-25% of shares in Heliopolis Company for Housing and Development (HHD) will be offered on the Egyptian Stock Exchange (EGX) in the first quarter of 2020.

NUCA, Al Manara Ink Deal for New Compound in West Cairo

New Urban Communities Authority (NUCA) has inked a partnership contract worth EGP 1.3 bn with Al Manara for Urban Development to establish “Green Land” compound in the 6th of October city, west Cairo

SODIC Posts 18% Fall in 9M Profits

Six of October Development and Investment (SODIC) reported an 18% decline in its profits to reach EGP 504 mn in the first nine months of 2019, compared to EGP 612.9 mn in the prior-year period

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