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NREC signs USD 101 mn loan agreement with Agility Investment
Kuwait’s National Real Estate Company signed a USD 101 mn five-year convertible loan facility with Agility Investment to finance developments…
HOUSING
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TDA to open bidding window for Ras Sudr airport and touristic resort by mid-March
The Tourism Development Authority (TDA) and Airport Holding Company will launch the tender for the Ras Sudr Airport and resort…
Kuwait’s Grand Real Estate building EGP 1.5 bn housing project in Six of October
Kuwait’s Grand Real Estate Projects company has begun developing a housing project in Six of October over an area of…
Administrative Capital Company fails to reach agreement with CSCEC on government block
The Administrative Capital for Urban Development Company will build the government block using Egyptian contractors after failing to reach an…
NUCA did not notify TMG Group that it would stop granting building licenses for Madinaty
The New Urban Communities Authority (NUCA) did not officially notify TMG Holding that it would stop granting the company building…
Heliopolis for Housing and Development investing EGP 560 mn in FY2016-17
Heliopolis for Housing and Development are investing a total of EGP 560 mn in FY2016-17, deputy Chairman Wael Youssef told…
Housing Ministry to issue terms and conditions for bidding on land in new capital next week
The Housing Ministry will be issuing the terms and conditions for bidding on land in the new administrative capital on…
ODH delisting not subject to Swiss takeover law
Orascom Development Holding (ODH)’s voluntary delisting of all its Egyptian Depository Receipts on the EGX are not subject to Swiss…
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