Real Estate News
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Egypt to launch real estate export company targeting $3 billion in revenues
Egypt is set to establish a company focused on managing real estate export and leasing activities.
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LUD achieves EGP 2.5bn in sales from The Rift Business Park in Mostakbal City
Moreover, LUD plans to invest EGP 1bn in construction in the current year to speed up the construction process.
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Egypt administrative capital announces fourth phase expansion: Chairman
Abbas emphasized that the work of ACUD is ongoing, providing services to both visitors and residents of the capital.
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Egypt plans expansion of new capital as first residents trickle in
Egypt is preparing to spend billions doubling the size of a lavish new capital it is building in the desert 45 km (28 miles) east of Cairo.
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Egypt’s construction resurgence
Egypt's construction sector has emerged as a powerhouse, a dynamic force steering the nation toward economic growth.
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Egypt Real Estate: Engineer Amr Soliman Presents Mountain View iCity, the First Happy City in the World
Interview with Engineer Amr Soliman, Founder, Chairman and CEO of Mountain View.
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Tecnimont (MAIRE) Starts Egypt's KIMA Project Post Payment
The EPC contract, valued at a total of US$300 million, has been conferred upon a consortium led by Tecnimont.
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Housing Minister, Saudi delegation explore investment opportunities in Egypt
Prince Khaled bin Saud bin Turki Al Saud commended Egypt for its remarkable efforts in implementing large-scale projects within record timeframes.
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Madinet Masr Invests EGP 7bn in 2023
Egypt’s developer Madinet Masr held a ceremony to celebrate the fruitful and strategic partnerships with its successful partners.
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EFG Hermes closes EGP 421m Palm Hills Developments securitization issuance as part of EGP 5bn programme
The issuance is structured in three tranches. Tranche A is valued at EGP 50.52m with a tenor of 13 months and a credit rating of AA+ .
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Banque du Caire, El Taamer agree to finance Urban Business Lane project with EGP 956m
The project is one of the largest integrated business complexes in New Cairo, consisting of 10 administrative and commercial buildings in tagamo3.
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Egypt's SAK to deliver three projects in the New Administrative Capital by 2025
Developer studying new projects in the NAC, The Fifth Settlement, and Sheikh Zayed City.
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Egypt, Zimbabwe Sign MoU to Provide Smart, Affordable Housing
The MoU was signed to benefit from the Egyptian experience in the field after providing thousands of adequate housing units in the country.
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Egyptian leading developer TMG finalizes $882 mln deal to acquire seven state-owned historic hotels
ICON, has finalized an $882 million deal to acquire a 39 percent stake in Legacy Hotels, which owns seven historical state-owned hotels.
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Egypt to build integrated urban project on state-owned lands: Minister
The Egyptian government will build a comprehensive urban project on 2,000 acres in southern Cairo previously belonging to the state-run Iron and Steel
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Egypt’s ACUD promises to offer new green building incentives by end of 2023
Administrative Capital for Urban Development (ACUD), the operator of Egypt’s new mega capital, is set to offer new green building incentives.
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The Egyptian Proptech Startup Changing the Way We Buy Homes
Since 2022, Partment has enabled users to co-own a second home in some of the top destinations in Egypt and Greece.
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Talaat Moustafa Group and Faisal Al-Rasheed Group Partner to Open Two “Al-Nasser” Branches in Madinaty and Al-Rehab
This collaboration will see the opening of two new branches of the renowned “Al-Nasser” brand, one in Madinaty and another in Al-Rehab.
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B Investments approves share swap ratio value for Orascom Financial Holding acquisition
The acquisition, which will see B Investments purchase up to 90% of OFH, was announced back in June.
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Egypt: President El-Sisi Follows up on New Cities Projects
The President gave directives to complete the new projects within the specified time frame and to ensure that the new cities represent a real addition