ACUD signs MoU with Germany’s Dorsch to manage, operate water, sewage utilities in NAC project
The MoU expected to turn into contract within six months, says Deutche Wasser International’s managing director
Shaimaa Al-Aees
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Khozam Developments launches EGP 1.25bn Go Heliopolis project
Khozam said that the project is being built on 18,000 sqm and will comprise of more than 760 residential units with spaces ranging between 120-190 sqm with payment period reaching five years.
Minka Investment to inject EGP 500m in THE HOFT project
First phase of Minka’s boutique development “THE HOFT”, to be located inside of Cobalt Business District at Taj City
Lekela to begin construction of West Bakr wind project in Q4 2019
The company is still preparing the joint wind measurement campaign, along with other shortlisted bidders for the 250 MW West Nile wind tender
Landmark Sabbour agrees with JLL to provide leasing, consultancy services to Three Sixty
Project is mixed-use complex with built-up area of 85,000 sqm
Egypt remains an important market for Lufthansa Group: GM Sales Egypt
By 2027, the company will receive 221 new aircrafts
GIZ’s projects in Egypt valued at €200m
GIZ supports CBE to establish a comprehensive study about current situation of financial inclusion in Egypt, says Kuck
Egypt key market for Henkel in MEA region: Omar El-Masry
Henkel invested approximately €40m in new laundry detergents production line in its 6th of October factory, says general manager
Bavaria Egypt to establish €2m worth two production lines before year-end
Company expects 19% growth in 2019
GUC has 42% of Deutsch universities’ students outside Germany
GUC Berlin Campus provides numerous opportunities for students to visit Germany through its various offerings
AHK focuses on promoting Egyptian products in Germany
Egypt’s FEI delegation will visit Germany in mid-October, says Noether
Majid Al Futtaim opens City Centre Almaza to public
CEO of shopping malls at Majid Al Futtaim properties, Ghaith Shocair said, “City Centre Almaza marks the next step in our growth strategy for Egypt as we increase the size of our shopping malls business in Egypt by almost 30%.”
Filkhedma: new app provides home maintenance services through 1,000 handyworkers
Algebra and Glint funds pumped EGP 20m for marketing
Beta Egypt reduces land size of Beta Greens New Cairo
Fikri said that the modification is a precautionary measure to preserve interests of the clients and their investments, as well as to complete the project as soon as possible. It is also meant to abide by the contracts with customers and deliver the units with the highest possible quality.
Mountain View unveils Office Park project with EGP 8bn expected sales
The company eyes EGP 5bn in sales of its projects by year-end, says chairperson
Brickzey agrees to market West Eleven project in 6th of October city
Project’s target sales EGP 1.5bn, says Brickzey chairperson
Real estate sales, investments expected to revive after interest rate cut
Interest rate cut would increase local investment by 70%, says El-Bahay Holding chairperson
Nile University offers two projects through BOT system in October
NU has a land area of 38,600 sqm for residential purposes, and another 42,400 sqm for the construction of a sports complex
Drwazah launches EGP 10bn investments in Egyptian real estate market
Company celebrates launching its first branch in Egypt
Completing a mass transportation system in Alexandria soon: governor
Governorate investment estimated at EGP 20bn last year, says governor
Finance Ministry finishes initial draft of New Income Tax Law and is currently under review
By 2030, Egypt will be among 10 economic tigers, due to its rapid economic growth, says finance minister
Mountain View debuts Happiness project
Mountain View eyes approximately EGP 8bn in sales of 1st phase of co-development in New Cairo, says Chairperson
New Avenue achieves EGP 2bn in sales for developers
Ezzat said that the proportion of commercial and administrative sales reached 40% to 50% of the sales.
Beta Egypt contracts with HDB to open its 1st bank in Hadayek October
Company invested EGP 200m in Golf Corner Mall
Egypt’s luxury housing does not exceed 4% of total produced real estate units
Furthermore, he pointed out that the banking and real estate sectors are currently the main supporters of the Egyptian economy, where the growth rate of the real estate sector has always been greater than the growth rate of the GDP–an indicator of the strong performance of Egypt’s real estate sector.
Mabany Edris considers launching project in Upper Egypt
Edris said that the company took a step to implement an integrated urban project in New Assiut city after conducting extensive studies which proved the existence of real demand and great purchasing power in the city.
LGD launches Aventra project in NAC with EGP 300m in investments
Arkan Engineering Consultancy has been assigned for project’s consultancy work, says LGD chairperson
El Bahay Holding debuts new project in North Coast Q2 2020
Company plans to expand in West Cairo area during the next phase, says chairperson
Solar Installer finalising 500MW solar panel plant in North Suez Gulf
Solar Installer aims to increase the capacity of this portfolio from 350MW to 1.3GW in 2019/20, after completion of its projects at Benban.
German business community impressed by Egypt’s business development last year
During the BITS & BYTES EVENT organised by the German Arab Chamber of Commerce and Industry (GACIC) last week, Schweitzer noted that Egypt is Germany’s business economic partner and its logistics’ hub to Africa.