Lions Group Acquires Plots for EGP 50 mn West Cairo Project

Egyptian real estate developer Lions Group has acquired six land plots on the Cairo-Alexandria Desert Road to carry out a residential project in west Cairo's 6th of October City, at an estimated cost of EGP 50 mn. ...

New Borg El Arab Sees EGP 5.33 bn to Date: Minister

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said Alexandria's New Borg El Arab is being developed as a full-service industrial city, incorporating 10 free zones and 45,054 residential uni ...

Master Group Plans for 5 New Projects Across Egypt: CEO

Egypt's real estate developer Master Group has announced plans to implement new projects in the New Administrative Capital (NAC), North Coast, Upper Egypt, and South Sinai by 2021.

Almost Half of NAC’s Iconic Tower Complete: Minister

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has indicated that 42 floors of the 80-story Iconic Tower in the New Administrative Capital (NAC) were constructed so far, which is being carri ...

MIP to Deliver Kai Sokhna Phase I in November, Open Hilton Hotel in 2024

Misr Italia Properties (MIP) Managing Director and CEO Mohamed Khaled El Assal has uncovered plans to deliver phase I of Kai Sokhna in the upcoming November, which is being developed with combined investments of E ...

Egypt’s Mortgage Funding Down 84.2% in April: FRA

The Financial Regulatory Authority (FRA) has unveiled that Egypt’s mortgage finance activity dropped by 84.2% last April versus the year-ago figures.

Minka Launches EGP 5 bn Project in East Cairo

Minka Development has launched an integrated urban development in east Cairo, called “Kinda,” with planned investments of EGP 5 bn, attempting for completion in 2025.

Tatweer Misr Sees EGP 2 bn Sales in H1 2020

Tatweer Misr recorded EGP 2 bn worth of sales in H1 2020 - equivalent to 75% of the developer's target sales for the period, making way for similar gains in the months ahead to log contractual deals of EGP 6 bn by ...

Sorouh’s Entrada Records EGP 2.5 bn Sales in 2 Yrs

Since its inception two years ago, Egypt-based Sorouh Developments registered EGP 2.5 bn worth of sales from its flagship project in the New Administrative Capital (NAC), or "Entrada," over the last two years.

SODIC’s Home Sales Hold Strong in H1 Despite Pandemic

Sixth of October for Development and Investment Company's (SODIC) gross contracted sales of residential units stood at EGP 1.83 bn in H1 2020, almost flat compared to EGP 1.86 bn in the year-ago period.

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