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Foreign buyers make use of EGP float and buying property
Egyptian developers are finding the EGP flotation useful as overseas buyers “are willing to be enticed” by the devaluation, according…
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Egypt leads Africa in new hotel development projects
Egypt is the leader in new hotel developments in Africa, Hospitality Net reports. There are currently 53 hotel projects underway…
Oriental Urban Development to invest EPG 4 bn in 2017-18, mulls 2018 IPO
Oriental Weavers Group subsidiary Oriental Urban Development is planning on investing EGP 4 bn in Egypt during 2017-18 to develop…
Emaar unveils Address Marassi Beach, new hotels
Emaar Hospitality Group is building a new Address Marassi Beach Resort and Address Residences Marassi Beach Resort in Egypt, The…
EFSA allows real estate companies to swap shares in real estate funds
The Egyptian Financial Supervisory Authority issued amendments governing subscriptions to real estate funds that would allow real estate companies to…
Hassan Allam Construction targeting projects worth EGP 3.6 bn next fiscal year
Hassan Allam Construction is targeting projects worth EGP 3.6 bn during the next year, a EGP 200 mn projected increase…
NUCA finalizing contract for Oasis project in partnership with Palm Hills
The New Urban Communities Authority (NUCA) is finalizing the contracts for its joint project with Palm Hills Developments, October Oasis,…
Stella Di Mare 2 sales reach EGP 1 bn
Sales of Stella Di Mare 2 homes have surpassed EGP 1 bn since the project was announced last year, Remco…
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