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Samcrete investments record EGP 3.2 bn
Investments by Samy Saad's Samcrete in Egypt have now totalled EGP 3.2 bn, CEO Hisham El Kheshen says, according to…
Real estate
Real estate investments slowing down following interest rates hike
The real estate industry is slowing down after the latest interest rates hike, said Mamdouh Badr El Din, chairman of…
PHD to get regulatory approval for securitization bonds, plans another issuance before year end
Palm Hills Developments (PHD) announced beginningthe regulatory procedures necessary to get approvals for its EGP 700 mn securitized bonds issuance.…
Social housing delivery delayed due to tardy compensation of contractors
Deliveries on social housing has been delayed as some contractors have halted development for not being compensated yet under the…
Capital group to start implementing first phase of new Smart Village
Capital Group for Real Estate will start work on the first phase of the new Smart Village in the Al…
Azmeel Real Estate Group developing EGP 600 mn real estate projects
Azmeel Real Estate Group is currently developing projects worth EGP 600 mn, according to board member Ahmed Ibrahim. The company…
El Mostakbal, Sabbour announce partnership in EGP 35 bn project
El Mostakbal for Urban Development and Al Ahly Sabbour announced a partnership to develop a mixed use community in Mostakbal…
Kato sells stake in ERC in EGP 121.8 mn transaction
Kato investments has sold its 11.5% stake in Egyptian Resorts Company (ERC) to Red Sea Hotels Holding Company for Tourism…
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