Egypt signs EGP 196bn agreements to resolve decades-old financial liabilities
Egypt has taken a significant step towards resolving longstanding financial liabilities among state entities, with Prime Minister Mostafa Madbouly overseeing the signing of two framework agreements worth a combined EGP…
Egyptian Kuwaiti Real Estate Development, Hassan Allam Holding partner on EGP 270bn mixed-use project in West Cairo
The Egyptian Kuwaiti Real Estate Development Company has signed a partnership agreement with Grova West, a subsidiary of Hassan Allam Holding, to jointly develop a 295-feddan land parcel in the…
Darak Group appoints Azur Hospitality to manage EGP 2.5bn North Coast developments
Darak Group has entered into a strategic partnership with Azur Hospitality to operate and manage two of its flagship North Coast developments—Urban Zen Crystal Alamein and Marina Eye Residence by…
Al Aliaa Developments enters Egyptian market with EGP 100bn investment plan
Al Aliaa Developments has entered the Egyptian real estate market, unveiling an ambitious investment plan worth EGP 100bn to be deployed over the next two years. The company’s expansion strategy…
Polaris Parks expands into residential market with launch of Polaris Homes in Sheikh Zayed
Polaris Parks, a developer of integrated industrial parks in Egypt, has launched Polaris Homes, its new residential development arm, marking a strategic expansion into the real estate sector. The company…
Energy efficiency emerges as key driver of real estate value, developers say
Egypt’s real estate developers have highlighted energy efficiency as no longer an optional feature but a fundamental component of successful real estate projects. They noted that rising utility costs and…
US-Iran peace deal appears within reach as Tehran urges caution
The United States and Iran appeared on Saturday to be closer than ever to ending months of conflict, with Pakistani and Iranian officials signalling a potential breakthrough, even as new…
Madbouly inspects strategic gas projects, infrastructure developments during Beheira tour
Prime Minister Mostafa Madbouly reaffirmed Egypt’s commitment to attracting new investments into the oil and gas sector and accelerating infrastructure development during a tour of several strategic projects in Beheira…
MSMEDA injects EGP 2.2bn to finance 54,000 projects in Menoufeya: CEO
Bassel Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), announced that the agency injected EGP 2.2bn in financing into Menoufeya between July 2014 and April 2026.…
Benban, Abydos expansions to add 1,000 MW of renewable energy capacity to Egypt’s national grid
Egypt is set to add 1,000 megawatts (MW) of renewable energy capacity and 600 megawatt-hours (MWh) of battery storage to the national electricity grid in the coming months, as part…