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MNHD green-lights Odin due diligence on El Nasr Civil Works
M&A WATCH- MNHD gives Odin Investments green light to start due diligence on El Nasr Civil Works: Madinet Nasr Housing…
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HHD extends contract to co-develop New Heliopolis land with Sodic
HHD extends contract to co-develop New Heliopolis land with Sodic: State-owned Heliopolis Housing and Development’s (HHD) board of directors agreed…
Egypt’s cabinet approves USD 500 mn housing facility from the World Bank
CABINET WATCH- Cabinet greenlights USD 500 mn World Bank housing facility extension: The Madbouly Cabinet ratified in its meeting last…
NUCA closes EGP 10 bn securitized bond issuance
DEBT WATCH- NUCA closes EGP 10 bn securitized bond offering: The New Urban Communities Authority has closed its three-tranche, EGP…
NACCUD gives Sabbour-Alliance JV 6 months to make USD 100 mn down payment
The New Administrative Capital Company for Urban Development (NACCUD) has granted a consortium of UK-based Alliance Worldwide and Sabbour Consulting…
El Gouna property sales up almost 25% in 2Q2020
Property sales in El Gouna have increased by 22% y-o-y to hit EGP 891.5 mn in the second quarter of…
Ora Developers to participate in Maspero redevelopment -Sawiris
Ora Developers is looking to participate in the redevelopment of the Maspero Triangle in downtown Cairo, Chairman Naguib Sawiris told…
Karim Zein, Mohamed Seada acquire 20% of Coldwell Banker Egypt
Karim Zein and Mohamed Seada acquired a combined 20% stake in Coldwell Banker Egypt from former CEOs Mohamed Banany and…
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