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Al Ahly Sabbour breaks ground on new capital mixed-use project
Real estate developer Al Ahly Sabbour broke ground last month on a 200-300 feddan mixed-use project it’s developing in the…
Real estate
Land in first phase of Egypt’s new administrative capital to be sold by 2022
The New Administrative Capital Company for Urban Development (NACCUD) is planning to sell the remaining 25% of land in the…
Madinet Nasr net profit flat in 9M2020
EARNINGS WATCH- Madinet Nasr Housing & Development’s (MNHD) net profit was flat during 9M2020, falling marginally to EGP 629 mn…
HSBC participates in USD 2.2 bn loan for New Capital Business District
DEBT WATCH- China State Construction locks down USD 2.2 bn loan with HSBC, others for new capital business district: HSBC…
Are Egypt’s factories getting closer to a temporary real estate tax break?
Are factories getting closer to a temporary real estate tax break? That’s what Egyptian Federation of Investors Association Secretary Sobhi…
Settlement deadline for illegal construction pushed until the end of November
Is your home in violation of the building code? You’ve got to an extra month to settle up. The deadline…
Porto Group is rebranding to Porto Developments and restructuring operations
Porto Group is rebranding as Porto Developments and plans to launch three new projects in the coming period as the…
Cleopatra Urban Development signs pact with JZMK to develop north coast’s Esmerelda
The Cleopatra Urban Development Company has signed a partnership agreement with the US architects JZMK Partners to develop its Esmerelda…
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