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Infrastructure 
Orascom Development sells three Red Sea properties
Orascom Development Egypt (ODE) has sold three of its properties in the Red Sea Makadi resort for EGP 856 mn,…
Real estate
Orascom Construction to build concrete factory in New Alamein
The New Urban Communities Authority (NUCA) has granted 50k square meters to Orascom Construction to establish a factory for concrete…
Heliopolis Housing, a pilot of the state’s privatization program, could sell Al Nasr stake
M&A WATCH- Heliopolis Housing could sell Al Nasr stake: State-owned Heliopolis Housing and Development (HDD), one of the first companies…
Emaar backs off from 1,500 feddan residential project in Egypt’s new capital
Have talks broken down between Emaar and the new capital authority? Bloomberg reported on Monday that talks between Emaar and…
What we’re tracking on 02 January 2019
Happy New Year, friends, and welcome to 2019. We’re delighted to be back in your inboxes this morning after our…
Al Dau to build hotel, residential compound close to Grand Egyptian Museum
Real estate player Al Dau Development is planning to build a hotel and residential compound near the Grand Egyptian Museum,…
Honeywell to develop USD 31 mn-worth of security systems in Egypt’s new capital
The New Administrative Capital Company for Urban Development (NACCUD) has awarded US-based Honeywell contracts to develop USD 31 mn-worth of…
Ismailia Development considers food manufacturing complex
Ismailia Development and Real Estate company is reportedly considering building an industrial complex for the production of jams and juices…
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