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El Attal to break ground on EGP 2.5 bn tourism project in El Galala in 4Q2019
Real estate player El Attal Holding will break ground on its planned tourism project in El Galala, Ain Sokhna in…
Real estate
Arkan Palm awards design contract for Sheikh Zayed development to Gensler
Egypt’s Arkan Palm has awarded the design contract for a 205-acre mixed-use development in Sheikh Zayed City to Gensler, an…
NUCA to offer 85 feddans of land near New Cairo reclaimed from Al Marasem
The New Urban Communities Authority will offer an 85-feddan land plot near New Cairo reclaimed from Al Marasem International for…
Cairo governor says capital will have no more slums by year-end
Cairo will eliminate its slum areas by the end of 2019, Governor Khaled Abdel Aal said on Friday, according to…
Ora Developers launches ZED development in Sheikh Zayed
Bn’aire Naguib Sawiris’ Ora Developers launched its EGP 35 bn project ZED Park in Sheikh Zayed, the company said in…
Two consortiums, not three, were bidding for the 6 October-new capital monorail
UPDATE- The tender for the 6 October-new capital monorail had seen only two consortiums bidding for the project, not three…
FRA approves Marseilia Group’s EGP 12 mn capital increase
The Financial Regulatory Authority (FRA) has approved the EGP 12 mn capital increase of real estate company Marseilia Group, according…
Earnings Watch: SODIC profits dip in 1Q2019
EARNINGS WATCH- SODIC profits dip in 1Q2019: SODIC’s 1Q2019 net profits fell 24% y-o-y to EGP 161 mn from EGP…
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