1493 Articles
Co-Founder, chairperson and CEO of DMG-Mountain View, Ayman Ismail, said that real estate sector represents about 16% of Egypt’s GDP and is considered an influential market and locomotive for economic growth. Ismail refuted reports about deceleration in the performance of the real estate market during the recent period, referring to the financial results of real …
CBE’s initiative has financed 230,000 clients, says MFF chairperson
Chairperson of El Attal Holding, Ahmed El Attal, said the company has contracted with several major Malaysian companies working in the field of real estate development in order to invest in Egypt and to participate in the construction of mega real estate projects, with the aim to benefit from the Malaysian experience in the construction …
The Deputy Minister of Housing for National Projects, Khaled Abbas, said that the state is trying to remove obstacles facing developers. For example, the ministry of housing insisted that the Reconciliation Law in building violations should not include any reconciliation in the irregularities of changing residential activity. During the ‘Think Commercial’ roundtable discussions held by …
During the ‘Think Commercial’ roundtable discussions held by Media Avenue and Window companies on Wednesday, developers agreed that the Egyptian market is attractive for investment in different sectors, but it is necessary to provide clear information on the size of commercial and administrative units and retail supply, as well as implement legislation prohibiting the change …
Tatweer Misr, an Egyptian real estate developer, signed a memorandum of understanding (MoU) with the New Jersey Institute of Technology (NJIT) and the Ocean County College (OCC) in order to establish Egypt’s first American International Branch Campus (IBC) in Egypt at Bloomfields’ project in Mostakbal City, east Cairo. During a press conference held on Tuesday, …
Company intends to begin construction works in 2 new projects in H2 of 2019, says chairperson
The Minister of Housing, Utilities and Urban Communities, Assem El Gazzar, and the Minister of Public Enterprise Sector, Hesham Tawfik, witnessed the signing of a cooperation protocol between the Metallurgical Holding Company, affiliated to the ministry of public enterprise sector, and the New Urban Communities Authority (NUCA), affiliated to the ministry of housing, in order …
Company aims to achieve total sales of about EGP 500m this year, says CEO
No competition exists between state, developers in new cities, says NUCA assistant housing minister
Wadi Degla Holding will invest EGP 5.3bn in construction projects in the fiscal year (FY) 2019/20, Invest-Gate cited the Chairperson and CEO of Wadi Degla, Maged Helmy. During a roundtable discussion, Helmy announced 2019 as the Year of Accomplishments and Deliveries since Wadi Degla will deliver around 2,200 units in seven residential and touristic projects, in …
The Land Developers (TLD), a privately-owned corporate company specialising in investment, development and management of upscale residential and commercial real estate projects, made its debut in the Egyptian market by introducing its latest project, Armonia, in the New Administrative Capital (NAC). This is the first project announcement for the joint stock company that gathers …
Mountain View plans to launch ready-to-occupy units in its existing projects in 2019 with expected sales of EGP 1.5bn, according to Amr Soliman, the company’s chairperson. During a press conference held Tuesday, Soliman said that his company is keen on keeping 20% of the total of every project’s units to be offered later at higher …
Project offers medical, office retail spaces spread over 7,600 sqm, will be delivered by 2021
Pyramids Developments plans to launch two tourism projects in both the North Coast and New Alamein in the second half (H2) of 2019, according to Tayeb Mohamed Tayeb, the vice chairperson of the company. Tayeb said that the company plans to launch a series of investment projects for the company in real estate, tourism and …
Tameer Engineering Consultants has achieved a growth rate of 64% in its sales and profits for 2018, totalling EGP 742m, compared to EGP 453m in 2017, according to its Chairperson, Saad Al Wazzan. The company said in press statement on Thursday that it has achieved a consolidated profit of EGP 331m before cutting a minority …
Company preparing to implement 10 schools with EGP 2bn investments
Company handed over 265 projects with investments over $6bn
Real estate prices expected to hike between 5%-10%, says Ayman Sami
The real estate market in Egypt continues to present positive growth indicators for the upcoming 2019 to 2021 period, according to Ayman Sami, the JLL country head-Egypt. Sami noted that the market is expected to attract foreign direct investment in order to restore the international position of Cairo as a competitive and a leading real …
The total value of active infrastructural projects in the Gulf Cooperation Countries (GCC) has reached to $1.14tn with roads, highways, and bridges with the highest number of projects, according to the latest report released by Orient Planet Research, an Orient Planet Group venture. The report titled ‘Fast Tracking Development: Road Infrastructure in GCC’ cited a …
Housing units for medium-income individuals should be offered through partnership between state, private sector
Diversity of real estate sector in Egyptian market adds to its regional competitive advantages
Event aspires for Arab common market, economic integration, trade exchange, economic unity
Government’s IPOs on EGX considered one of most important investment aspects, says El Kherbawy
Total of 709,000 low-income housing units are being implemented, says Assem El Gazzar
Project spans over 211 feddan in R3 region at NAC
Company plans to fund tourism projects worth EGP 8bn in North Coast, Ain Sokhna
NAC to see creation of modern technology centres; to receive new foreign investments
Programme co-financed by World Bank