Director of Business Development at RE/MAX Egypt, Sherif Mahmoud, said the company’s sales increased by 80% in the first half (H1) of 2019 to EGP 6bn, compared to EGP 3.250bn last year
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Better Home Group’s General Manager Ashraf Adel said that organising the Africa Cup of Nations (AFCON) in Egypt supports the country’s tourism and investment promotion initiatives and confirms its restored political and security stability
Al Adl pointed out that the company has achieved a 70% sales volume in the Pukka project, which includes more than 1,680 housing units on an area of 40 feddan
Company invests EGP 250m during current year
Egypt needs to organise similar events, visits to encourage Arab, foreign investments, says developer
Regarding the visits of German business delegations to Egypt, the ambassador commented that many small, medium, and big business delegations are interested in investing in Egypt.
Delegation includes approximately 40 Egyptian companies in various fields
Company signed cooperation protocol to fund establishing an official school in New Capital
The company plans to open the mall in the fourth quarter (Q4) of 2019, expecting that it would welcome 10,000 to 12,000 daily visitors
Law contravenes ruling of Supreme Constitutional Court, says housing committee member
Parliament’s economic committee approves new Egyptian criteria for real estate appraisal
Shorouk City Authority reiterated its call on the local administration of Cairo governorate to launch a public transportation service linking the city to other neighbourhoods in Cairo
Project to be built over 109 feddan within five years
Egypt is making strong strides in the field of digital transformation, Internet of Things (IoT), and artificial intelligence (AI) through the creation of smart cities and communities, which will put it in the ranks of technologically advanced countries in the coming period, he noted
The Egyptian Real Estate Council proposed to set an interest rate of 8-12% on mortgage finance for middle-income housing units
The minister explained that the partnership reflects the mutual trust between the government and the private sector
The project is located in the R7 diplomatic area overlooking the main road, and will offer 1,376 housing units varied between luxury apartments, duplexes, and penthouses with areas ranging from 122 sqm to 366 sqm. Fahmy noted that the company plans to begin project delivery in 2023.
Company’s land bank worth more than 7.5m sqm
During the company’s press conference on Wednesday, Amr El Kady, CEO of City Edge said that the first contract was signed with ASGC Group for EGP1.4bn for the Etapa Square project except for the hotel part of the project, which is being implemented until 2022.
The OIA project is spread over 30 feddan in the NAC, composed of only 20% of building areas, which include 1,300 units.
Company paying land instalments worth EGP 900m to ACUD during 2019, says Co-CEO
A mini committee was formed including representatives of the CBE, banks operating in the Egyptian market, and real estate developers to discuss mechanism of the rules of facilitating mortgage finance.
Total Japanese financial support for the project reaches $169m
Company targets 1.5bn in sales by year-end, says chief business development officer
Company intends to expand in NAC with more residential, commercial projects, says general manager
Tarfeeh aims to offer a variety of the finest real estate services to Tabarak customers in the Gulf states and Egypt in order to maximise the return on their properties in the Egyptian market and help them manage their investments.
The report pointed out the acquisition by investors according to monthly income segments (up to EGP 2,500) of 58% of the value of mortgage finance during Q1, while the share of those with monthly income (more than EGP 3,500) was about 22%.
Vicat acquired Sinai Cement, located near Al-Arish City, in 2003. Sinai Cement is a public company, listed on Egyptian Exchange since July 2000. It operates within the materials sector focusing on construction materials. Sinai Cement is based in Cairo, Egypt, and was established in January 1997.
Company has achieved EGP 4bn in sales during 2018, says CEO
Project’s investments worth EGP 59bn, says Badr El-Din