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.

PM Shows Dramatic Loss of Croplands Due to Urban Sprawl

Prime Minister Mostafa Madbouly has confirmed that the state has lost about 400,000 acres of agricultural land due to urban sprawl, adding that unplanned settlements represent almost 50% of total urban areas and v ...

Work on New Alamein Coastal Towers to Conclude in 2021: Minister

Egypt has constructed about 84% of the 15 coastal towers being undertaken in New Alamein, which are scheduled for finalization in 2021.

MNHD’s Presales Jump 83% in H1 2020

Egypt's Madinet Nasr Housing and Development (MNHD) has unveiled that its presales stood at EGP 3.77 bn in H1 2020, going up by 83% YoY from EGP 2.06 bn in the year-ago period.

Minka to Launch its Largest Project in East Cairo in 2M

CEO of Minka Development Abdullah Salam said the company is on the verge to finalize its "latest and largest project" in east Cairo, attempting for launching within the next couple of months.

Invest-Gate Wraps Up Recommendations for ‘New Real Estate Product’ VRT

Invest-Gate concluded its second virtual roundtable on June 15, called the “New Real Estate Product," and crowned it with success after marking a new era of bulletproof development, fully responding to consumer ne ...

MNHD Nods to EGP 150 mn Facility from United Bank

The Board of Directors (BoD) of Madinet Nasr for Housing and Development (MNHD) has approved an EGP 150 mn credit facility extended by the United Bank.

Mousa Coast Sees EGP 100 mn Investments in 2019

Egypt's Mousa Coast Developments has announced the delivery of 110 residential units at its South Sinai beach resort "Mousa Coast," with investments amounted to EGP 100 mn in 2019.

Cornerstone Makes Debut with 1st Project in NAC

Egypt’s property developer Cornerstone Development has made debut with its first project in the Egyptian real estate market, "The Curve," located in the New Administrative Capital (NAC).

Zahraa Maadi Eyes Integrated Compound in New Heliopolis

Egypt-based Zahraa Maadi Investment and Development plans to build a 34-acre integrated residential and commercial development in New Heliopolis, east Cairo.

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