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NUCA, Almanar partner on Greenland compound in Sixth of October
The New Urban Communities Authority has signed a partnership agreement with Almanar Urban Development to build a EGP 1.3 bn…
HHD approves draft contracts for 10% stake + management rights
PRIVATIZATION WATCH- HHD approves prospectus, draft contracts for 10% stake + management rights: Heliopolis Housing and Development (HHD) has approved…
Arabtec Construction tapped to construct Emaar Misr project on Egypt’s north coast
Emaar Misr has awarded a AED 366 mn contract to Arabtec Construction to construct several residential units in the Greek…
B Investments Holding to invest EGP 200-300 mn in 1H2020
INVESTMENT WATCH- B Investments to invest EGP 200-300 mn in 1H2020: Private equity outfit BInvestments Holding is considering investing EGP…
Cabinet approves USD 500 mn World Bank loan for Egypt’s social housing
CABINET WATCH- Ministers approve World Bank social housing loan: The Madbouly Cabinet signed off on the USD 500 mn loan…
MNHD to rent Sarai land plot to Total Egypt for 25 years
Madinet Nasr for Housing and Development’s board has agreed to rent a 3k sqm plot in its Sarai development to…
Earnings watch: HHD profits rise 42% in FY2018-2019, Obour land reports 3Q profits
EARNINGS WATCH- Real estate company Heliopolis Housing’s net profit was up 42% in FY2018-2019 to EGP 376.4 mn from EGP…
Aramco’s IPO is moving forward, as MbS gives it the green light
IPO WATCH- Aramco’s IPO is moving forward as MbS appears to accept valuation of less than USD 2 tn: Saudi…
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