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Infrastructure 
Phase two of MNHD’s SARAI sells out
Madinet Nasr Housing & Development (MNHD) announced that the second phase of its project SARAI in New Cairo has sold…
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EGP float runs up costs of New Heliopolis development
The EGP float has raised the costs of developing the 655-acre New Heliopolis project 20% to EGP 35 bn, up…
Wadi Degla acquires Mediterranean Contracting Company, delivers 10k units
Wadi Degla Developments acquired Mediterranean Contracting Company Tuesday and is targeting the execution of EGP 14 bn worth of contracting…
Le Meridien Heliopolis to be sold off in an auction on 30 March
State-owned Le Meridien Heliopolis hotel will be sold off in a sealed-bid auction on 30 March, El Wataneya Company for…
PHD looking to borrow EGP 852 mn from Egyptian banks
Palm Hills Developments (PHD) says it is looking to borrow EGP 852 mn to finance a number of projects, according…
Debate wages over government’s newfound preference for Egyptian companies in new capital
A debate is currently being waged about the private sector’s role in the New Administrative Capital’s development, as the government…
Heliopolis Housing reaches agreement on Merryland Park
The Heliopolis Company for Housing and Development (HCHD) has reached an agreement with Magic Dreams and the Defense Ministry that…
Administrative Capital for Urban Development taps Arab Contractors for House of Representatives building
The Administrative Capital for Urban Development company has tapped the Arab Contractors to construct the new House of Representatives building…
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