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Samih Sawiris to offload shares in Orascom Housing Communities to UK fund
M&A WATCH- Samih Sawiris will offload his shares in affordable housing player Orascom Housing Communities to an unnamed British investment…
HOUSING
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Nile City to build 3 new towers in Ramlet Boulak
Nile City Investments will build three new towers in Ramlet Boulak adjacent to its existing Nile City Towers at a…
New Alamein land for PPP development to be tendered in December
The New Urban Communities Authority will issue tenders for land in New Alamein to be developed under a private-public partnership…
NUCA waives fines on late installments for one month
Property owners are getting a one-month reprieve from late payment fines for properties developed by the New Urban Communities Authority…
Al Ahly Sabbour breaks ground on new capital mixed-use project
Real estate developer Al Ahly Sabbour broke ground last month on a 200-300 feddan mixed-use project it’s developing in the…
Land in first phase of Egypt’s new administrative capital to be sold by 2022
The New Administrative Capital Company for Urban Development (NACCUD) is planning to sell the remaining 25% of land in the…
Madinet Nasr net profit flat in 9M2020
EARNINGS WATCH- Madinet Nasr Housing & Development’s (MNHD) net profit was flat during 9M2020, falling marginally to EGP 629 mn…
Who’s in the market for debt? Vetopharm Int’l + EDB
Vetopharm International has obtained a EGP 650 mn syndicated loan from local banks to finance a new production facility in…
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