West Cairo
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Developers
SODIC Achieves EGP 7.4 bn Sales in 2020
Sunday, 24 January 2021
Sixth of October Development & Investment Company “SODIC” releases its operational results for 2020, with gross contracted sales rose 2% YoY to reach a new record of EGP 7.4 bn, Invest-Gate reports.
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Developers
“Genova” by Eastern Real Estate to Launch Soon, West Cairo
Tuesday, 5 January 2021
Eastern Real Estate LLC prepares to launch its new residential project, "Genova", in Sheikh Zayed City, with investments of EGP 3 bn in January 2021, Invest-Gate reports.
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Business Developers
EBRD Gives USD 12 mn Loan to Al Dau Al Haram for Hyatt Regency Hotel
Saturday, 2 January 2021
The European Bank for Reconstruction and Development (EBRD) has extended a USD 12 mn (EGP 190.1 mn) long-term loan to Al Dau Al Haram for Hotel Operations for the regeneration of a brownfield site into a Hyatt Regency-branded hotel in west Cairo.
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Developers
AlKarma Rolls Out New EGP 1.8 bn Compound in Sheikh Zayed
Tuesday, 22 December 2020
AlKarma Developments has rolled out its newest property project in west Cairo's Sheikh Zayed, called "AlKarma Gates," with investments totaled at EGP 1.8 bn, intending for completion by 2024.
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Developers
Ghabbour, Other Investors Acquire NCHD for USD 50 mn
Monday, 21 December 2020
Some Egyptian businessmen have recently acquired the New City Housing and Development Company (NCHD), a subsidiary of Orascom Development Egypt (ODE), through an English investment fund and one of GB Capital companies owned by Raouf Ghabbour, in a move valued at USD 50 mn (EGP 787.1 mn).
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Developers
Phase I of New Zayed’s Karmell Sells Out on Launch Day: SODIC
Thursday, 17 December 2020
Sixth of October Development and Investment Company (SODIC) sold out the first batch of residential units at its newest 240-acre west Cairo project in New Zayed, dubbed "Karmell," on the first day of launch on December 16.
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Land
About 903 Acres Are Reallocated for Urban Expansion Into Giza: NUCA
Monday, 14 December 2020
Vice President of the New Urban Communities Authority (NUCA) for Commercial and Real Estate Affairs Mohamed Anwar Hilal said investors can apply for acquiring two state-owned parcels of 880.99 and 21.83 acres, separately, across Giza, which are being reallocated for the development of additional urban areas.
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Developers
Badreldin Aims to Deliver West Cairo’s Kayan Compound in 2022
Tuesday, 8 December 2020
Badreldin Developments is on the verge to launch a new phase of its 100-acre residential compound in west Cairo's Sheikh Zayed, dubbed "Kayan," with plans to begin deliveries in 2022.
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Construction
Hassan Allam Construction Gets Work on New Hospital in West Cairo
Tuesday, 8 December 2020
Egypt's Hassan Allam Holding (HAH) has announced that its subsidiary, Hassan Allam Construction (HAC), was awarded work on foundations and skeleton frames for the Baheya Foundation’s new hospital branch in Sheikh Zayed, west Cairo, specialized in the treatment and early detection of breast cancer.
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Government
Official Calls for Swift Work on 936 Low-Income Housing in West Cairo
Wednesday, 25 November 2020
Assistant Vice President of the New Urban Communities Authority (NUCA) Kamal Bhagat has inspected work on 936 low-income social housing units in west Cairo's 800-acre neighborhood, New 6th of October City, calling for a sharp jump in efforts for completion before the scheduled date in September 2021.
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Last Modified February 25, 2021