ODE, Mangroovy for Hotels Ink EGP 105 mn El Gouna Land Sale Deal

Mangroovy for Hotels and Orascom Development Egypt (ODE) have signed a land sale contract worth EGP 104.8 mn for merely 40,654.5 square meters of land area in its Red Sea resort town of El Gouna.

Al Ahly Sabbour Delivers 362 Homes in Amwaj

Al Ahly Sabbour Development has successfully delivered 362 residences in its North Coast flagship project, or "Amwaj," bidding to handover 577 others before year-end, as part of the fourth phase.

Marseilia Group Almost Entirely Delivers Marseilia Beach 4

Marseilia Group is celebrating the delivery of its North Coast megaproject, called "Marseilia Beach 4," which is being developed over three phases, with the final one scheduled for hand over in 2021.

SODIC Awards Over EGP 1.2 bn Tenders for SODIC East in 2 Yrs

Sixth of October Development and Investment (SODIC) has awarded more than EGP 1.2 bn worth of construction tenders to develop its SODIC East project over the last two years.

Invest-Gate’s DigitalWeek Outlines Versatile Blockchain Capabilities in Real Estate

In a bid to make the blockchain technology gain traction in Egypt's real estate market, day three of Invest-Gate's #DigitalWeek on July 21 explored the extent to which this digital solution is widely touted as the ...

Tahya Misr Fund Spends EGP 1 bn on Al Asmarat Project

Egypt’s Tahya Misr Fund has contributed EGP 1 bn to the development of the social housing project on Mokattam Hills, or "Al Asmarat," which comes to provide decent homes for more than 80,000 slum dwellers.

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 Almost Finishes 1,128 Homes at Badr City’s Dar Misr Project

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has revealed that 1,128 residential units (47 buildings) within phase II of Badr City's Dar Misr middle-income housing project are 95% complete ...

El-Sisi Inaugurates Al Asmarat 3 for Slum Residents

President Abdel-Fattah El-Sisi has inaugurated phase III of Mokattam's Al Asmarat housing project, which comes on the back of the state's efforts to combat informal settlements and build new homes for slum residen ...

CBE Gets Go-Ahead to Extend EGP 30 bn for Extra Social Housing

The Central Bank of Egypt (CBE) has been given the green light to extend EGP 30 bn, partly borne by the finance ministry, for subsidizing the execution of 250,000 social housing units nationwide until 2023.

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