Egypt to Build 4 Non-Profit Universities Nationwide

President Abdel-Fattah El-Sisi has issued a presidential decree to implement four new non-profit private universities, in an attempt to better serve different areas and change the scope of higher education in Egyp ...

ODH’s El Gouna Sees 27.4% Hike in Q2 2020 Sales

Demand for Orascom Development Holding'S (ODH) El Gouna remained strong in Q2 2020, marking a 27.4% rise in total sold and reserved units versus the year-ago period, with total sales and presales hitting EGP 924.5 ...

Gov’t Extends 4 Public Lands in Hurghada to SHMFF

Prime Minister Mostafa Madbouly has mandated the free allocation of four public lands in the Red Sea resort of Hurghada to the Social Housing and Mortgage Finance Fund (SHMFF).

Accor to Manage Sharm El Sheikh’s Naama Bay Promenade Resort

French hotel giant Accor inked on November 3 a renovation and management deal for Naama Bay Promenade Resort in Sharm El Sheikh, agreeing to re-brand the beachside project as Pullman Hotels and Resorts by January ...

Ajna Developments Makes Debut with EGP 3 bn Ain Sokhna Project

Ajna Developments made its debut in the Egyptian real estate market with its flagship project in Ain Sokhna, "Carnelia," which will see investments worth EGP 3 bn

Hassan Allam Holding Wins ‘Infrastructure Project of the Year’ Award

Hassan Allam Holding's (HAH) Al-Mahsama Irrigation Drain Water Treatment Plant in Sinai was named the "Infrastructure Project of the Year" at Dubai's 2019 Construction Innovation Awards, which recognizes the achie ...

NUCA to Establish Urban Project in New Port Said

Egypt's cabinet approved on September 4 the reallocation of a 23,241.8-acre plot for the New Urban Communities Authority (NUCA) to establish a new fully-fledged urban development in New Port Said.

Phase I of Hurghada Development Plan Done

Egypt's Red Sea resort of Hurghada is witnessing a comprehensive, three-phase development plan, with phase I newly completed as a prelude for agreeing on projects with the highest priority, in a way that will help ...

Committee to be Formed to Execute Golden Triangle Project: PM

Prime Minister Mostafa Madbouly has mandated the creation of a technical committee to plan for implementing Red Sea's Golden Triangle Development Project, using studies prepared by Italian consulting firm D’Appolo ...

ERC Uncovers 5th Tourism Project in Sahl Hasheesh

Egyptian Resorts Company (ERC) has launched its latest EGP 52 mn tourism project, Bay Condos, through its subsidiary, Sahl Hasheesh for Touristic Investment, shortly after it unveiled Bay Village compound last Sep ...

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