Tatweer Misr aims to deliver the second phase of Fouka Bay on the North Coast this year, in addition to the first phase of IL Monte Galala in Ain Sokhna. By year end, the company will have delivered a total of 1,800-2,000 units in both projects.
"We (...)
Arkan Consultants has completed the architectural and engineering designs of several enterprises in the New Administrative Capital (NAC), according to Arkan Chairperson, Ahmed Shaker. The projects include three undertaken by New Plan Developments (...)
The Federation of Egyptian Industries (FEI) has put in place urgent economic measures to protect Egyptian industry in the face of the coronavirus outbreak. The steps follow suit of other countries' measures to support their own national (...)
At a time when many companies and factories in various countries of the world race to ramp up production and even converting production lines to produce medical equipment, masks, and gloves for the coronavirus pandemic, manufacturers in Egypt are (...)
The African Export-Import Bank (Afreximbank) has announced a $3-bn facility, named Pandemic Trade Impact Mitigation Facility (PATIMFA), to support African countries deal with the economic and health impacts of the COVID-19 pandemic.
PATIMFA was (...)
Cairo Capital Developments has obtained ministerial approval to develop the first phase of Lake West project in west Cairo's Sheikh Zayed, according to the company's Chairperson Ahmed Selim.
Selim said on Monday that the company intends to start the (...)
Board member of the Egyptian Federation for Construction and Building Contractors Mohamed Abdel Raouf has demand the state to halt construction activities nationwide to protect the workers in the sector from the coronavirus outbreak, pointing out (...)
Member of the Division of Importers at Federation of Egyptian Chambers of Commerce Khaled Hatab said the spread of Coronavirus has affected sales of Mother's Day gifts.
Hatab added that the sales of Mother's Day gifts decreased to about 75% compared (...)
As the spread of the novel coronavirus (COVID-19) accelerates across the globe, the level of infection in the African continent has been relatively low, compared with other continents. This may partly be attributed to the comparatively low (...)
Administrative Capital for Urban Development (ACUD) intends to offer remaining available lands in the New Administrative Capital's (NAC) first phase, which is estimated at 6,500 feddan, to investors by the end of the year or the beginning of next (...)
Chairperson of Real Estate Development Chamber, and Arabia Holding Tarek Shoukry praised Central Banks of Egypt (CBE) decision to cut interest rate 3%, as a strong and distinct impetus for national economy, as it is proportional to economic changes (...)
The investment plan of the New Urban Communities Authority (NUCA) for the current fiscal year (FY) 2019/20 increased to approximately EGP 90bn from EGP 70bn originally allocated due to the new mega projects currently underway, Deputy Minister of (...)
Investment cost of developing 980-feddan New Garden City neighbourhood in New Administrative Capital (NAC), exceeded EGP 80bn, said Minister of Housing, Utilities and Urban Communities Assem El Gazzar.
He added in a press statement that the project (...)
MBG Development intends to launch Pukka 2 project in the New Administrative Capital, East Cairo in the second quarter (2Q) of the year, according to Chairperson of MBG Development Mahmoud Al Adl.
He said Pukka 2 is located on an area of 100 feddan, (...)
Mountain View – DMG targets to increase its sales to EGP 8bn this year from EGP 6bn in 2019, said Chairperson and Founder Amr Soliman.
Accordingly, the company plans to deliver about 2,000 units within its projects in 2020, including 1,000 units in (...)
Misr Italia Properties plans to deliver 500 units this year in its 5 projects: La Nuova Vista, Garden 8 Mall, Cairo Business Park, IL Bosco in New Administrative Capital, and Kai Sokhna, according to Mohamed Hany El-Assal, CEO of the (...)
Altameer Arabian plans to complete 25% of the construction works of Rivan compound in the New Administrative Capital this year.
Altameer Arabian CEO Marzouk Mansour said Rivan is the first serviced apartment project in the New Capital and also the (...)
Grand Plaza for Real Estate and Touristic Investment intends to expand in implementing non-residential projects in the coming period, and it studies investment opportunities in New Alamein, Ain Sokhna, and New Administrative Capital.
Grand Plaza (...)
Target Real Estate Investment Company has submitted an application to the Egyptian Exchange (EGX) for buying 114 million new shares in Dice Ready Made Garments, to raise its stake by about 25%.
Target Real Estate Investment and its owners own about (...)
Minister of Trade and Industry Nevine Gamea stressed the government's keenness to present urgent measures aimed at stimulating economy and mitigating negative effects of the Coronavirus outbreak on the performance of economy in all sectors, (...)
Minister of Trade and Industry Nevine Gamea has suspended the export of surgical masks, medical gear such as bandages and one-use chemical protection suits, and all types of alcohol for three months, amid fears over the spread of the coronavirus. (...)
The coronavirus has spurred fears of a global recession. Economic analysts put the probability of a global recession in the next 12 months at 43%, according to FocusEconomics' Coronavirus Survey in March.
FocusEconomics said there is a huge (...)
Chairperson of Beta Egypt for Urban Development Alaa Fekri said that the company has taken a number of precautionary measures to prevent the Coronavirus's spread by reducing the density of people in offices and granting exceptions to work from home. (...)
Following the Egyptian government's announcement to suspend all public gatherings in the country as a precautionary measure against Coronavirus fears, Cityscape Egypt exhibition was postponed until further notice. It was formerly scheduled for 18-21 (...)
Real estate investment and development group Better Home has begun construction works of Midtown Condo, the company's third real estate project in the New Administrative Capital, with initial investment of EGP 1.5bn.
Better Home General Manager (...)
