Egypt's economy grew at a faster rate than expected during fiscal year FY2020/21 due to robust consumption demand, growing remittances, and contained inflation relative to recent history, according to the World Bank's (WB) 'January 2022 Global (...)
Egypt's real estate sector has been the most fortunate in terms of recovery from the repercussions of the coronavirus outbreak since the beginning of 2020, and this may be due to a number of economic decisions taken by the Egyptian government and (...)
The Egyptian real estate sector has witnessed $500m worth exports during the past few days, of which $400m came from the sale of an approximately 85.52% stake in the Sixth of October for Development and Investment Company to a consortium comprising (...)
Egypt's real estate developers expected that the local market would recover in 2022, and said that the next year will witness a strong return in demand for property, coinciding with economic recovery from the repercussions of COVID-19.
During Real (...)
Ayman Abdel Hamid, Managing Director and Vice Chairperson of Al Taamir Mortgage Finance – Al Oula, said that providing mortgage financing to all segments of society equally is the most important pillar in the company's strategy during the coming (...)
The German development bank KFW will start on Wednesday receiving applications from Egyptian companies wishing to launch environmentally friendly projects under the Investment for Employment Initiative.
Emad Ghaly, head of the German-Arab Chamber of (...)
Ontario Developments announced launching its first project "Maple Business Complex" at the New Administrative Capital (NAC) with EGP 500m investments.
Vice Chairperson of Ontario Developments, Mahmoud Hamed, said that Maple Business Complex is a (...)
Real estate developer Al-Borouj Misr has signed a contract with Accor, a French multinational hospitality company, to manage Mövenpick Hotel in the Sixty Iconic Tower at the New Administrative Capital.
The Sixty Iconic Tower was built on 13,000 sqm, (...)
The Egyptian real estate market is witnessing noticeable changes recently as companies began to gradually increase unit prices, affected by the increase in building materials starting from last October.
Several real estate developers believe that (...)
Egypt's Minister of Trade and Industry Nevine Gamea has announced that the New Administrative Capital will host the 21st COMESA Heads of State and Government Summit on 23 November.
The minister said that the summit will be held under the theme, (...)
Inverse Group Developments has launched its first project in the New Administrative Capital (NAC), Bareq Tower, with investments amounting to EGP 3bn.
Chairperson of Inverse Group Ahmed Shaltoot said that the state's efforts to stimulate foreign (...)
El Asreya Developments has been rebranded as Atric Developments, as part of its strategic and expansion plan to keep pace with developments in Egypt's real estate market.
In a press conference, Chairperson of Atric Developments Ashraf Naguib said (...)
Several media outlets have reported, last month, that about eight real estate companies have stumbled on implementing their projects in the New Administrative Capital (NAC), of which only four have been working on adjusting their situation.
The (...)
Akam Developments Managing Director Edrees Mohamed has announced the launch of the third phase of the Scene 7 project, the company's second project and first global sports compound at the New Administrative Capital (NAC).
Spanning over 40 acres, the (...)
Mohamed Albostany, President of the New Cairo and New Capital Developers Association, has revealed that coordination is underway with the Administrative Capital for Urban Development (ACUD), the owner and developer for the New Administrative Capital (...)
Cairo Capital Developments plans to implement a new residential project located in New Zayed, as an extension of Lake West, Chairperson Yasser Khalaf has told Daily News Egypt.
Khalaf said that the project is scheduled to be announced early next (...)
One child is orphaned every 12 seconds due to a novel coronavirus (COVID-19)-associated death, according to new data from the World Bank.
The world has been closely tracking the death toll related to the virus, with official mortality counts now (...)
France's Vicat Group is keen to keep on investing in Egypt throughout times of prosperity and crises, according to Sinai Cement Country Manager Tamer Magdy.
These provide the strongest reasons that push the company to continue its work in the (...)
The French Institute for Oriental Archaeology (IFAO) is involved in 35 archaeological missions across Egypt and carries out about 100 scientific operations per year, according to the institute's director, Laurent Coulon.
In an interview with Daily (...)
In the fifth edition of the Think Commercial roundtable held on Wednesday, Egypt's real estate developers presented recommendations for strengthening the local market in the coming period in light of the ongoing state-led urban (...)
Egypt's New Administrative Capital (NAC) is an integrated smart city, according to Khaled El-Husseini, spokesperson for the Administrative Capital for Urban Development company (ACUD).
El-Husseini also said that it is being set up with an integrated (...)
Egyptian real estate developer Concept Development has launched its second project in the New Administrative Capital (NAC), named SENET 2, with investments worth EGP 260m.
The project is comprised of 210 units of various sizes, and serves as (...)
Zodiac Development has announced that it has contracted with a number of major consulting companies in the Egyptian market.
The move will see the contracted companies manage, carry out, and supervise engineering and architectural designs at the (...)
Contact Developments has unveiled its latest projects in the New Administrative Capital (NAC), called Quan Iconic Tower, which will receive EGP 1.5bn in investments.
The 25-storey project is located on the Central Business District, and will cover a (...)
Margins Developments has begun excavation and construction work for its new project, Zia, which is comprised of commercial, medical, and administrative units, according to Vice Chairperson and Managing Director Ashraf Shaheen.
Speaking at a press (...)
