Beta Egypt delivers Beta Greens project in Hadayek October
Company targets achieving EGP 1.2bn sales in 2019
Shaimaa Al-Aees
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TSM launches 1st phase of Zagazig New City Mall in Sharqeya worth EGP 60m
Company managed several outstanding projects since its inception in 2009
ERA-Egypt aims for EGP 1.5bn in sales in developers’ commercial projects for 2019
Company achieved sales worth EGP 500m last year in commercial sector
Cityscape Egypt focuses on energising real estate market, re-instating confidence
Event will take place across Egypt, Saudi Arabia, UAE between March 24-18
MREC, Amaco agree to export real estate, promote Egypt-Saudi cooperation
MREC for Integrated Real Estate Services and Saudi Amaco has signed a strategic agreement to promote and organise conferences and exhibitions. The agreement stipulated promoting WAFIEX 2019 exhibition for selling off-plan real estate projects, which will kick off in Saudi Arabia from 9 to 11 March. WAFIEX will be held under the patronage of the …
GIZ funds IPSP to make it easier for Egyptian citizens to receive public services
IPSP has trained over 300 municipal civil servants so far
Egypt’s urban expansion plan targets to reach 12% of country’s area
State allocates about EGP 1bn to support mortgage interest rate, says deputy housing minister
ENOC acquires share in jet fuel hydrant system in Cairo International Airport
The UAE-based Emirates National Oil Company (ENOC) announced plans to expand its aviation operations in Egypt through the acquisition of a share in the jet fuel hydrant system at Terminal 2 of Cairo International Airport, according to press statement on Tuesday. The statement said that ENOC also plans to open a country office for its …
Egypt’s hotel market sees 42% RevPAR growth in 2018
Egyptian hotels in different governorates, such as Cairo, Hurghada, Sharm El Sheikh, and Alexandria saw an average revenue per available rooms (RevPAR) growth of 42% in 2018 compared to 2017, according to Colliers International’s MENA Hotel Forecast for 2019. Colliers said that Egypt’s hotels RevPAR growth is driven by both average daily rates (ADR) and …
Germany disburses $250m worth tranche of soft loan to support Egypt’s economic reforms
Germany decided to disburse the second tranche of the German Government Owned Development Bank’s (KFW Group) soft loan to Egypt, authorised by the German government, which was worth more than $250m, according to a press statement by the German embassy to Cairo on Monday. The second tranche’s disbursement agreement is expected to be signed today …
Wadi Degla embarks on Promenade Maadi with investments of EGP 350m
Wadi Degla Developments has commenced work on new luxury residential compound, Promenade Maadi, in a prime uphill location in Zahraa El Maadi in front of Wadi Degla SC. Maged Helmy, chairperson and CEO of Wadi Degla Holding, said in press statement that Promenade Maadi, to be built on an area of 34,000 sqm, will have 300 …
Cairo Capital to launch new project in Sheikh Zayed with target sales of EGP 750m
Project offers 120 villas with various sizes, says chairperson
Tameer plans to complete marketing of Azad New Cairo in H1 of 2019
Tameer plans to complete marketing of its Azad project by the end of the first half (H1) of 2019 with targeted sales of EGP 1.7bn, according to Tameer’s Managing Director, Antoine El Khoury. El Khoury told Daily News Egypt that the company has managed to complete the marketing of about 65% of the total project. …
Hassan Allam to implement HAPTOWN in Q2 of 2019
Hassan Allam Properties (HAP) has begun the earthworks of the first phase of its HAPTOWN project in Mostakbal City, while the construction works will start in April, according to CEO of Hassan Allam Holding, Hassan Allam. Allam told Daily News Egypt that the company aims to inject EGP 20bn of investments in the project, which …
Egypt enters era of skyscrapers
Egypt hosts first Egypt’s Skyscrapers Forum in March
RE/MAX launches RE/MAX Corporate to boost real estate exports
Company plans to increase its sales by 80% in 2019, targeting EGP 6bn
Trade Ministry holds first meeting to formulate upgraded version of Export Support Programme
The Ministry of Trade and Industry hosted the first meeting to formulate new version of the Export Support Programme, with the participation of the heads of Export Councils. The minister of trade and industry, the advisor for SMEs, and the general coordinator of the Export Councils, Hossam Farid, said that this meeting comes within a …
ECS to organise trade mission to Uganda in March
The Egyptian Commercial Service Office (ECS) plans to organise a trade mission to Uganda in March, according to Ahmed Antar, head of the ECS. Antar told Daily News Egypt that the ECS is organising several trade missions during the current year including to Kazakhstan and Turkmenistan. Furthermore, Antar elaborated that the trade missions will include engineering …
Alassema Construction launches MCC project in NAC with EGP 750m target sales
Company directs EGP 350m in project for three years
SCZone to receive Russian Industrial Zone’s masterplan mid-year
Value of investments to be attracted in this project estimated at about $6.9bn
Hassan Allam targets EGP 30bn contracts end-2019
Company plans to implement infrastructural projects in Africa with EGP 300m investments
German delegation to Egypt praise Egyptian efforts in promoting economy, boosting investments
German Vice-Chancellor, Federal Minister of Economic Affairs and Energy, Peter Altmair, expressed his country’s interest in promoting economic relations with Egypt as it one of the main partners of Germany in the Middle East region and in Africa. He pointed out that the German delegation’s visit to Egypt proves the interest of German companies to …
Egypt, Germany, sign joint document to promote economic partnership between two countries
Egypt and Germany have signed a joint document to promote an economic partnership between the two countries in the areas of industry and trade policies, investment, energy, environment, transport, infrastructure and tourism. During 5th Egyptian -German Committee and Economic Forum held in Cairo on Monday by German-Arab Chamber of Industry and Commerce-AHK, Egypt’s Trade and …
TSM inaugurates West Square in Beverly Hills project with investments exceeding EGP 300m
Carrefour supermarket opened last week within project on area of 1,000 sqm
Oscar Misr invests EGP 35m in three projects in New Cairo
Company self-financing its projects, committed to delivering its projects on time
MBG obtains ministerial approval of Pukka project’s construction
MBG to launch two tourism projects in Hurghada, North Coast
Marseilia, Misr for investment, urban development sign contract to develop project in NAC with EGP 5bn targeted sales
Official project launch planned in March, says Marselila chairperson
ACUD delegation to visit France, Austria to introduce NAC project
Delegation will highlight new efforts exerted by Egyptian state to establish urban communities worthy of Egyptian citizen under current political leadership, which seeks best for all Egyptians
German Minister for Economic Affairs, Energy to visit Egypt on Saturday
Altmaier, Nassar will inaugurate fifth session of joint economic committee on 4 February
Branded residences gain growing importance for foreign customers
Global market has 1.1m service units, says Real Estate Export Council