Bishay expected a price hikes in commodities ranging between 5-10% as a result of the delay of some imported shipments and goods, but the situation is under control.
Latest by Shaimaa Al-Aees
Alongside the real estate market, the company is incredibly disappointed to delay Cityscape Egypt, which was set to be a highly successful event, with higher participants than at any other point on record.
Bloomfields spans over 415 feddan with an initial investment of EGP 33bn. The Vues will feature over 1,000 units with spaces ranging from 75 to 210 sqm, made up of 1-3 bedrooms depending on the size of the unit.
Investing EGP 2bn and delivering in 2024, says Al-Assal
MNHD sees promising investment opportunities in Upper Egypt, and plans to diversify its project portfolio. The company already has about 9m sqm, and has developed only 3m sqm of it, he added. The existence of major developers in these areas have been accelerating development and boosting investment.
Imam added that woodworking is an industry in which Egypt can have competitive advantages to export in light of the availability of their raw material locally.
CRTKL has completed a strategic masterplan for Ras El Hekma, based on the UN SDGs
MNHD signed a contract to sell 114,540 sqm of land within the Taj City project in New Cairo City at EGP1.145bn to Minka Investment.
The Egyptian real estate market mainly relies on domestic demand, therefore, no harm is expected on the industry, they explained.
144-feddan project to be developed over 4 phases
For the aim of diversifying its land bank, MNHD has acquired a plot of land of 104 feddan in Nasser city, West Assiut, for mixed-use development.
3% provides the administrative community a good climate for growth and integration in an environment conducive to innovation on a total area of 1,800 sqm, according to CEO Hanan Helmy.
Egyptian market experiences roller coaster ride in 2019
Skyline’s portfolio spans an administrative and business tower, which Dorsch master Architecture one of the top five companies in office designing in the world has worked on designing. SkyHub, and SkyMed a medical tower, in addition to a regional mall, he elaborated.
Maghawry elaborated that international offices depend in their business on general planning, not only internal services, so services and utilities will be the responsibility of ACUD as a whole entity.
Ivory Business Park is scheduled to operate in mid-2021, says ElFiky
Company is waiting for deciding on land pricing to complete project implementation
In a press conference held on Sunday, El-Tayebi added that Armonia Walk has a construction area of 18,000 sqm with an investment volume of EGP 500m.
Chairperson of Al-Amiriya Press Ashraf Emam said the authority is equipped with the latest production lines, which include digital printing services, color separation, implementation of designs and technical equipment with the latest offset printing technologies in the Middle East region.
Vast majority of panellists do not see economic impact of coronavirus persisting beyond 2020
Company eyes gross contracted sales EGP 8.4bn – a growth of 15%, says managing director
Chairperson and Managing Director of Orientals for Urban Development (OUD) Asser Hamdy said that the general developer model were successful in some new cities, such as Marsa Alam, but they require the availability of required customer services.
Egypt’s Ministry of Housing demanded the provision of logical payment periods for residential units instead of long payment periods.
Branded residences most attractive for foreigners
The first expo will take place in March, he said, adding that another event will be organised every quarter in 2020.
MBG Development will invest EGP 700m in Pukka compound in the New Administrative Capital this year, the company’s Chairperson Mahmoud Al Adl said.
Company to launch new phase with EGP 750m investments in 1H 2020, says chairperson
Company intends to direct EGP 200m in construction works in the current year, says CEO
Egypt currently has a small number of Branded residence schemes with further developments in the pipeline according to Colliers
Company is preparing to launch its Beach Club project in Nuweiba to serve tourist delegations in Aqaba and South Sinai, says CEO