Consortium Bidding for Egypt’s 1st Dry Port Starts in July

Egypt’s transport ministry, along with the public-private partnership (PPP) central unit - affiliated to the finance ministry, will start accepting technical and financial tenders for building the first dry port i ...

Palm Hills’ Sales Inch Up to EGP 2.2 bn in Q1

Egypt’s Palm Hills Developments (PHD) posted EGP 2.2 bn sales (residential and commercial) in Q1 2019, with 374 units sold in total, marking a 5% surge YoY that arisen notably from continued uptake of launched pro ...

City Edge Awards Construction Deals to ASGC, Redcon for 2 Projects

City Edge Developments (CED) signed on May 29 contracts with Dubai-based ASGC and general contracting company Redcon Spain to carry out the construction works of ETAPA and ETAPA Square, west Cairo.

Ora Developers Unveils 1st Multi-Tower Development in Sheikh Zayed

Egyptian tycoon Naguib Sawiris’ Ora Developers officially kicked off on May 23 its first mixed-use residential project, ZED, located in 6th of October City's Sheikh Zayed, west Cairo, with investments amounted to ...

Iwan Developments to Launch 2 Residential Projects Outside West Cairo

Iwan Developments unveiled on May 22 its intentions to launch two new residential projects in New Cairo and Ain Sokhna, following the allocation of lands in these areas last February.

SODIC Revenues Grow 84% in Q1 2019

Sixth of October Development and Investment (SODIC) reported on May 19 a sharp rise of 84% YoY in its Q1 2019 revenues, logging EGP 941 mn, compared to EGP 512 mn in the year-ago period, on the back of early hando ...

MNHD Signs Deal to Finance Nasr Gardens Compound in West Cairo

Madinet Nasr for Housing and Development's (MNHD)'s board of directors has mandated the company's managing director to ink a protocol with a real estate finance company to fund housing units of Nasr Gardens compou ...

Sheikh Zayed’s JANNA Project to Offer 4,920 Units: Minister

Assem El Gazzar, minister of housing, utilities, and urban communities, has revealed that JANNA luxury housing project will boast 4,920 fully-finished residential units in west Cairo's Sheikh Zayed.

SODIC Sells Allegria Residence Ahead of Official Launch

Sixth of October Development and Investment (SODIC) has announced the launch and successful sale of its luxurious apartment complex, Allegria, located at SODIC West’s main gateway, in Sheikh Zayed, west Cairo.

Palm Hills Nods EGP 78 mn Capital Hike

Palm Hills Developments' board of directors have agreed to raise the company's capital to EGP 6.235 bn from EGP 6.157 bn, an increase of EGP 78 mn.

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