Shaimaa Al-Aees

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IFC, Ministry of Petroleum help boost critical energy infrastructure in Egypt

The International Finance Corporation (IFC), a member of the World Bank Group (WBG), announced on Wednesday a joint effort with Egypt’s Ministry of Petroleum and Mineral Resources that aims to support Egypt in becoming a regional energy hub for the eastern Mediterranean region as well as improve its energy infrastructure. The IFC signed a memorandum …

Shaimaa Al-Aees

CFC exhibits Oriana IV, Aura, Podium in Cityscape Egypt

Cairo Festival City (CFC), one of Al-Futtaim Group’s real estate projects, exhibited Oriana IV, an extension of Oriana villas, during the Cityscape exhibition. The Oriana IV offers townhouses and twin-houses, according to the Managing Director of Al-Futtaim Real Estate Co, Ashraf Ezz El-Din. Cityscape exhibition is being held at Egypt’s International Exhibition Center in New …

Shaimaa Al-Aees

City Edge launches Baroque project in NAC during Cityscape Exhibition

City Edge Developments (CED) launched its new project Baroque to be established in the R5 area at the New Administrative Capital (NAC). The Baroque project is designed to revive the Khedivial Downtown Cairo with its architecture, gardens, roundabouts, and streets. Baroque’s architecture is characterised by the domes, massive use of decoration and ornaments, attention to …

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Sodic to invest EGP 3.7bn in constructions in 2019

The Six of October Development & Investment (SODIC) plans to direct EGP 3.7bn in projects’ constructions in 2019, according to its Managing Director and board member, Maged Sherif. Sherif told Daily News Egypt that the company is pumping EGP 1.45bn for paying lands’ cost in 2019. Additionally, Sherif noted that the company has invested EGP …

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Private sector’s participation in implementation of Egypt’s Vision 2030 should be increased: Cityscape

Egypt is implementing several new cities and urban communities to double the state’s urban area and absorb the continuous population increase, which reflects the size of development and investment opportunities currently available in Egypt, according to Fathallah Fawzi, the general manager of the Cityscape Egypt conference. During the opening session of Cityscape Egypt on Sunday, …

Shaimaa Al-Aees