Shaimaa Al-Aees

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Latest by Shaimaa Al-Aees


Egyptian Trade Minister, Portugal Minister of Globalisation adopt final composition of the joint business council 

Minister of Trade and Industry Tarek Kabil and Portuguese Minister of State for Globalisation Wrico Dias adopted the final form of the Egyptian-Portuguese Business Council. “Egypt and Portugal have strategic political and economic relations in all fields,” Kabil said. “President Al-Sisi’s visit to Portugal in 2016 paved the way for the start of a new …

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Majid Al Futtaim to establish 100 Carrefour retail stores

Majid Al Futtaim, the owner of the Carrefour supermarket chain in 38 markets, signed a cooperation protocol with the Ministry of Investment and International Cooperation and the National Service Projects Organisation to establish 100 Carrefour retail stores across several Egyptian governorates. In a press statement on Monday, the company said that the signing of this …

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Trade minister heads to Geneva for WTO review of Egypt’s trade policy

Egyptian Trade and Industry Minister Tarek Kabil is heading to Geneva, Switzerland with an Egyptian delegation to participate in meetings to review the trade policy of Egypt, which is held periodically for all member countries of the World Trade Organisation (WTO). The meetings are scheduled to be held between 20 and 22 February 2018 at …

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Elite to launch project in New Administrative Capital worth EGP 1bn

Elite Real Estate Consultancy is launching a new project in the New Administrative Capital on an area of 14 feddans with initial investments of EGP 1bn, according to Managing Director Ali Gaber. Gaber said the project is scheduled to be contracted with the New Administrative Capital Company during 2018. He added that the project will …

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Royal Gate directs EGP 150m to real estate projects in 2018

Royal Gate for Housing Development targets pumping EGP 150m worth of investments in 2018 to develop separate real estate projects in the cities of Shorouk, Madinaty, and New Cairo. The company aims to acquire plots of land in the New Administrative Capital in 2018 to start implementing the first integrated residential compound as well as …

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Ammar for building pumps EGP 800m in Sixth of October city

Abeer Essam, chairperson of Ammar for Building, said the company began working in commercial real estate after a long period of focus only on the housing field. The company obtained two plots of land through auctions and prepared to establish commercial malls. Essam revealed that the two commercial malls’ investments reach EGP 800m. She explained …

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Hassan Allam Properties  acquires  600 feddans  in North Coast

Hassan Allam Properties (HAP) announced the acquisition of 600 feddans in the North Coast of Egypt. HAP has previously established a second home resort, SwanLake North Coast. The development’s master plan will include a variety of residential units. Aside from the residential spaces, the resort will include a clubhouse, five-star boutique hotel, commercial hub, water …

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Will the government partner small, medium real estate companies?

As the government has recently held partnerships with some developers, such as Mountain View, Arabia Group For Real Estate Investment, and Palm Hills, many small- and medium-sized real estate companies are asking the government to participate in implementing a number of small projects by offering small plots of land to diversify investment opportunities and support …

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150,000 drivers joined Uber Egypt in 2017 

“If you want to improve your income, join Uber,” is the slogan of Uber Egypt. Driving most of the day in Egypt is exhausting. However, many Egyptians found that joining Uber as drivers alongside their basic jobs is the easiest way to improve their income, whether they have their own cars or not. The company …

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Lack of information on land in Egypt leads to wasted resources

Member of the housing committee of parliament Mohamed Khalifa said that the lack of information about land in Egypt leads to the loss of resources in the process of providing services for construction, and that the creation of a land pricing law will enhance the process of funding which depends on the availability of information …

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11m real estate units in Egypt vacant: MENA for Development Consultancy

Fathallah Fawzy, chairperson of Mena for Development Consultancy, said that vacant real estate units in Egyptreached 11m, 40% of them within the old rental system, while the percentage in cities close to Cairo does not exceed 15-20%. Meanwhile, 10 Tooba for Applied Research on the Built Environment said that there are 6.409m total vacant units …

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Investors praise current economic reforms taken by Egyptian government

Chairperson of Rotana Hotel Management Corporation Nasser Al-Nowais said that there is great interest from the Egyptian government in the Saudi private sector. Al-Nowais added, during the 3rd Egypt Investment Forum, that the Egyptian government has encouraged investments through some reforms, such as liberalising the exchange rate, lifting subsidies, and seriously solving the problems of …

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