Creative Investments Holding secures $20m first close for $50m MENA creative industries platform
Creative Investments Holding has secured $20m in initial commitments at the first close of its founding round, as the investment company seeks to raise up to $50m to build a…
Modon Developments invests EGP 5bn in Green River Tower at New Capital
Modon Developments is investing around EGP 5bn in its Green River Tower project in the New Administrative Capital, with approximately EGP 1bn already deployed, according to Jihad Fathy, the company’s…
Aqar Exit units reach EGP 72.2bn in estimated market value
Aqar Exit has launched Egypt’s first index tracking the real estate assignment market, aiming to monitor activity involving existing property contracts and analyse trends in supply, demand, liquidity, and purchasing…
M squared’s Masyaf Ras Al Hekma reaches 41% construction completion as phase two begins
M squared, the real estate arm of Intro Holding, announced that its Masyaf Ras Al Hekma destination has reached approximately 41% overall construction completion, as development accelerates across the 1,546-unit…
Garnest targets 100,000 customers, 10,000 accommodation units in Egypt
Vacation rental booking platform Garnest is planning to expand its operations in Egypt after attracting more than 5,000 customers and listing over 500 accommodation units within its first two months…
Land withdrawal does not automatically erase buyers’ rights: Legal expert
The withdrawal of land allocated to a real estate project from a developer does not automatically mean that individual buyers will lose their money or contractual rights, according to Haitham…
Electricity minister reviews Ras Shukeir wind project progress with Orascom Construction
Minister of Electricity and Renewable Energy Mahmoud Esmat met with a delegation from Orascom Construction, headed by CEO Osama Bishai, to review progress on the 900 MW Ras Shukeir wind…
MSMEDA provides EGP 3.2bn in financing in Fayoum over 12 years: CEO
Mostafa Hassan, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), said the agency provided EGP 3.2bn in financing for around 135,000 projects in Fayoum Governorate between July…
Industry minister, Giza governor review regularization of Jerza, Arab Abu Saed industrial zones
Industry Minister Khaled Hashem and Giza Governor Ahmed El-Ansary held a meeting to review work files and the regularization of investors’ status in the Jerza Industrial Zone in Al-Ayyat and…
Egypt developing infrastructure financing guarantee mechanism to ease budget pressures: Planning minister
Minister of Planning and Economic Development and Egypt’s Governor at the Islamic Development Bank Group Ahmed Rostom said Egypt is developing an innovative mechanism to support and guarantee financing for…