Shaimaa Al-Aees

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Latest by Shaimaa Al-Aees


Business parks in Egypt: an integrated concept that will change the shape of Egypt’s business climate

Business parks in Egypt are considered a modern business in the real estate sector. The first business park was launched by Samcrete Development with a clear future vision, to launch a one-of-a-kind Egyptian business district—Pyramids Heights Business Park—in the year 2000. However, the number of business parks in the country still remain limited compared to …

Shaimaa Al-Aees


Egypt needs 4.4m sqm of hospitals, 2.7m sqm of clinic spaces by 2025

Egypt’s demand for property allocated to healthcare by 2025 stands at 4.4m sqm of hospital space with investments worth EGP 40.5bn, and 2.7m sqm of clinics space with investments of EGP 17.8bn, according to a Colliers International report on Sunday. The report stated that Cairo alone requires an additional 4- 5 hospitals annually in order …

Shaimaa Al-Aees

Bassel Shoirah, Real estate director at Polaris Parks
Handout to DNE

Polaris studies launching real estate projects in New Administrative Capital, 6th of October City

Real estate director at Polaris Parks Bassel Shoirah said that Polaris International Industrial Parks, an industrial developer, is negotiating with the Ministry of Housing to obtain lands in the New Administrative Capital, 6th of October City, and Fifth Settlement. Shoirah told Daily News Egypt that his company is looking for developing middle-income housing in the …

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Orascom Housing Communities

Orascom Housing Communities implements $500m social housing project in Senegal

Orascom Housing Communities (OHC), a subsidiary of Orascom Development Holding, has implemented a social housing project in Senegal with investments of $500m, according to businessman and chair of the board of directors Samih Sawiris. This project in Senegal will be constructed according to the same model as Al-Haram City for social housing in Egypt with 63-sqm units, Sawiris said …

Shaimaa Al-Aees

citystars photo

ARCO to launch next phase of Citystars Al Sahel at cost of EGP 4bn

Al Arabia Real Estate (ARCO) will soon be launching a new phase in its Citystars Al Sahel project in the Fouka area of Ras El Hekma, with an estimated cost of EGP 4bn, according to the executive manager Ayman Ibrahim. The new phase will be announced in December, and will be sponsored by an international …

Shaimaa Al-Aees


Will Egypt follow the example of Brazil or Argentina in dealing with the IMF?

Following the implementation of all of the International Monetary Fund’s (IMF) preconditions for the three-year, $12bn loan Egypt is bent on receiving, the government submitted a letter of intent to the IMF executive board two days ago. A letter of intent outlines one or more agreements between the two parties before the conclusive agreement is …

Shaimaa Al-Aees