Shaimaa Al-Aees

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Latest by Shaimaa Al-Aees


King of Malaysia, El Attal discuss investment opportunities in Egypt

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 …

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‘Think Commercial’ roundtable: developers demand legislations to forbid changing activity of residential units

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 …

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Implemented commercial, residential units not commensurate with market needs: Chairperson of Mountain View

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 …

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Tatweer Misr signs MoU with NJIT, OCC to start first American IBC in Bloomfields at Mostakbal City

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, …

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Metallurgical Holding Company, NUCA sign cooperation protocol to develop 1m sqm land plot in New Cairo

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 …

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Wadi Degla to invest EGP 5.3bn in construction projects in FY 2020

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 …

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Land Developers launches Armonia project in NAC with total Investment of EGP 3bn

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 …

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Mountain View to launch ready-to-occupy units expecting EGP 1.5bn sales

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 …

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Tameer achieves 64% growth in sales, profits in 2018

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 …

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