SODIC to pay EGP 1.2bn of outstanding land dues in 2019
Company plans to offer second phase of Malaaz North Coast project in July, says managing director
Shaimaa Al-Aees
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Latest by Shaimaa Al-Aees
SODIC’s advance cheques for real estate projects reach EGP 4bn
Company disburses EGP 1.8bn out of EGP 3.2bn worth credit facilities
Apple provides 20,000 educational applications for special needs children
Company holds seminar on skills of dealing with persons with special needs in Cairo
Royal aims to achieve EGP 250m in sales of its projects during 2019
Company will deliver 8 residential buildings during current year
Mariout Hills invests EGP 162m in first city for sports medicine
City will receive about 18,000 athletes annually
Real estate council submits proposal to meet challenges of real estate investment
The proposals would help to coordinate between the four entities in order to find innovative solutions to some of the problems affecting the growth of real estate investment in Egypt.
Master Group launches largest water park in Ain Sokhna with EGP 3bn investment
Lasheen noted that the two projects’ investments amounted to EGP 12bn.
Jdar Group launches second phase of Sea View North Coast
Fakhry added that the company offers its customers discounts for a limited period up to 20% when contracting on the second phase of the project, noting that the second phase is scheduled to be delivered in 2021.
Thales plans to turn Egypt into regional technical hub to provide company’s services
Thales plans to increase investments in Egypt
Egypt, Germany resume negotiations on €240m debt swaps
German companies show interest in investing in Egypt’s waste management, says ambassador
Orascom to direct EGP 2.5bn in investments during the current year
ODH’s sales to foreign customers represents about 10% of total sales achieved during Q1, says CEO
Orascom to repay EGP 900m to banks this year
Value of cheque receipts on customers estimated at EGP 5.3bn, says Bichara
Intelli-Cities exhibition to be held in December with participation of 15 real estate developers
New Administrative Capital expected to participate in Intelli-Cities: Kamal
MG Developments launches first permanent Kitesurfing centre in Blue Blue Sokhna Resort
Company completed pilot operation, started actual operation of centre: Centre Manager
The Address purposes achieved EGP 3bn in sales for developers in 2019
Company recorded EGP 1.4bn in sales for developers during 2018: Chairperson
Al-Wadi invests EGP 2bn in Agora Sidi Abdel Rahman project
Company plans to launch 400 new housing units in Agora Sidi Abdel Rahman in North Coast this year
MNHD records EGP 634.2m in consolidated revenues in Q1
Madinet Nasr Housing and Development (MNHD), an urban developer in Egypt, recorded consolidated revenues of EGP 634.2m in the first quarter (Q1) of 2019, up 3.8% year-over-year (y-o-y) from the EGP 610.8m recorded during Q1 of 2018. MNHD announced on Thursday its results for Q1 ending 31 March 2019, reporting that consolidated net profits for …
Real Estate Council submits proposal to provide social housing in partnership with state
Chairperson of the Egyptian Real Estate Council, Adel Lotfy, said that the council has completed a draft of the proposal for developing social housing for youth in partnership with the state. Lotfy added that the council has submitted the proposal to New Urban Communities Authority (NUCA), which focused on setting a price ceiling for the …
IMF’s mission to conclude by new subsidy cut, no taxes, job creation
The International Monetary Fund’s (IMF) delegation has arrived in Cairo on Monday to conduct the sixth and final review before disbursing the last $2bn tranche of a $12bn extended fund facility. The visit lasts for 10 days, in which the IMF’s delegation will hold meetings with the leaders of the ministry of finance to discuss …
Better Home decides to abolish expenses of unit’s ownership transfer
The board of directors of the Better Home Group company issued a decision to abolish expenses of transferring units’ ownership in the company’s projects, estimated at about 6% of the total value of the residential unit, as a facilitation for customers. The company pointed out that the board of directors decided to abolish these expenses …
Mariout Hills launches first sustainable city in North Coast
The investment cost for the first phase of the first sustainable “eco-city” in Egypt is EGP 2.4bn, Ahmed Hassan, chairperson of Mariout Hills Developments, a specialist in sustainable cities, said. Hassan noted that the eco-city will be located in the North Coast, explaining that it will comprise of residential units which comply with all globally …
Trulia for Real Estate to contract with 30 developers to market their projects
Trulia for Real Estate has started contracting with a group of leading real estate developers in Egypt to market their residential, commercial, and coastal projects, and is negotiating to include more projects in its marketing portfolio. Ahmed Abdel Naeem, chairperson of Trulia, said his company has started contracting with 30 real estate companies to market …
Al Riyadh Misr to deliver 100 units by year-end in Shorouk City
Company achieved 30% of targeted sales by end of Q1 of 2019
Al Marasem launches ‘Partners Not Only Clients’ real estate investment system
Partnership system: investor owns 50% of unit value, Al Marasem owns other 50%
Yafa Mac to launch third phase of Emirates Heights project in North Coast by 2020
Company plans to launch new residential tourism project in Borg El Arab
Egypt’s real estate prices have hiked by 75% since pound flotation
Real estate prices in the Egyptian market have hiked by an average of 75% since the floatation of the Egyptian pound till now, according to Mahmoud Abdel Halim, chairperson of MREC for Integrated Real Estate Services. Abdel Halim noted in a press statement on Thursday that the price spikes in some projects and regions reached …
New branch of Amiria Press to be established at NAC
The Trade and Industry Minister’s assistant, Ahmed Taha, said that a new branch of the Amiria Press is under construction in the New Administrative Capital (NAC). This comes as part of the ministry’s plan to develop the system of services provided by the Amiria Press and enhance its role in raising the national security level …
Trade Ministry, IFC’s delegation discuss development programmes to support industry, trade sectors
The two entities to implement joint programme to increase the competitiveness of Egyptian product in local and foreign markets
Oriental Weavers to deliver first phase of OIC before year-end
Egypt’s Oriental Weavers Group revealed new details about its planned industrial city, Orientals Industrial City (OIC), in Ain Sokhna, announcing that the project will be built on an area of 10.5m sqm at a cost of EGP 13bn. The new industrial city would be developed and managed by the company’s subsidiary Orientals for Industrial Development …
Marakez awards Hassan Allam construction of AEON Towers
Project’s total investment worth EGP 2.2bn