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Egypt to begin tendering land under new mechanism
REGULATION WATCH- Cabinet outlines new land tender mechanism for mixed-use developments in new communities: The Madbouly Cabinet outlined in a…
ODE offloads 87% stake in Tamweel for EGP 313 mn
M&A WATCH- ODH to use proceeds from Tamweel sale to pay down debt: Orascom Development Egypt (ODE) will use EGP…
Ebtikar-led consortium completes acquisition of ODH’s 87% stake in Tamweel Group
M&A WATCH- Ebtikar-led consortium completes acquisition of ODH’s 87% stake in Tamweel Group: A consortium of funds including B Investments’…
NACCUD completes 70% of new capital infrastructure
The New Administrative Capital Company for Urban Development (NACCUD) has completed 70% of the infrastructure work for the new capital…
Heliopolis Housing sells eight Sheraton plots for EGP 66.8 mn
Heliopolis Housing has sold eight plots of land in Sheraton for a total value of EGP 66.8 mn, the company…
Orascom Development signs debt rescheduling agreement with Egyptian banks
Orascom Development Egypt (ODE) signed a CHF 228.1 mn (EGP 3.8 bn) debt rescheduling agreement with Egyptian banks that will…
Government approves handing Heliopolis Housing management to an investor
M&A WATCH- Gov’t to offer 11% stake in Heliopolis Housing — with management rights: The Public Enterprises Ministry and the…
Gov’t working to develop Egypt’s western North Coast into tourist hotspot
The government is working to develop the western strip of the North Coast into an all-year-round tourist destination, according to…
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