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Egypt real estate giants SODIC, MNHD release operational updates as they push ahead with merger
** #3 M&A WATCH- Real estate giants SODIC and MNHD release operational updates. The two players in what we believe…
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Egyptian House of Representatives to debate tinkering with Investment Act, proposal to regulate ad industry loses steam, real estate developers could get state-sanctioned federation
** #7 LEGISLATION WATCH- Is the House looking to amend the Investment Act amid falling FDI? Worried about declining foreign…
Local developers to work alongside CSCEC in new capital business district
Three local companies — Redcon Construction, El Nasr General Contracting, and Dorra Real Estate Development Group — are close to…
US-based Fluence Corporation to build three desalination plants for USD 7.6 mn
The Housing Ministry signed a contract with the US-based Fluence Corporation to build three seawater desalination plants at a total…
NUCA reviewing offers for EGP 3-4 bn securitized bond issuance
The New Urban Communities Authority (NUCA) is reviewing offers from two local consortiums who are looking to manage its upcoming…
MBG Development earmarks EGP 10 bn for fresh investments in new capital
MBG Development is investing some EGP 10 bn in developing two residential compounds and a medical complex in the new…
NUCA grants developers one-year grace period to complete residential, service projects
The New Urban Communities Authority (NUCA) has agreed grant real estate developers a one-year grace period to complete residential and…
CGP to invest EGP 5 bn in mixed-use compound Alburouj in 2019
Capital Group Properties is planning to invest EGP 5 bn in its mixed-use compound Alburouj in 2019, Chief Projects Officer…
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