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Egypt’s First Group to invest EGP 6 bn in new real estate projects
First Group for Real Estate Investment will invest up to EGP 2.25 bn in new projects in 2019, Chairman Bashir…
Egypt’s FDI attractiveness called into question after talks over CFLD’s USD 20 bn new capital project fall through
Does the collapse of talks on a USD 20 bn Chinese investment call into question Egypt’s attractiveness to foreign investors?…
Egypt’s real estate looking up with 44% annual jump in pre-sales
Real estate slowdown? What real estate slowdown? For some months now, conventional wisdom has held that the top end of…
Elsewedy concludes studies for 2 mn sqm industrial zone in Egypt’s New Alamein
Elsewedy Electric’s industrial development arm has completed its financial and technical feasibility study for 2 mn sqm of industrial land…
Earnings Watch: SODIC reports 44% y-o-y net profit growth in 3Q2018
EARNINGS WATCH- SODIC reported 44% y-o-y growth in its bottom line to EGP 238 mn in 3Q2018 with a strong…
ODE inks final agreement with NUCA to co-develop 4.2 mn sqm in Six October City, expected to generate EGP 77 bn
Orascom Development (ODE) has signed a contract with the New Urban Communities Authority (NUCA) to co-develop a 4.2 mn sqm…
Egypt’s Hassan Allam, Arab Contractors to develop Maspero Triangle
Hassan Allam, Arab Contractors to undertake Maspero development project: Hassan Allam, Arab Contractors and an unnamed company are among the…
Mortgage Finance Fund expects second tranche of World Bank loan
The Mortgage Finance Fund (MFF) is expecting a second tranche of USD 50 mn from the World Bank loan in…
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