{"id":594107,"date":"2019-10-20T04:02:48","date_gmt":"2019-10-20T04:02:48","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/20\/cira-makes-10-commitment-deposit-for-egp-479-mn-land-plot-in-badr\/"},"modified":"2019-10-20T04:02:48","modified_gmt":"2019-10-20T04:02:48","slug":"cira-makes-10-commitment-deposit-for-egp-479-mn-land-plot-in-badr","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/20\/cira-makes-10-commitment-deposit-for-egp-479-mn-land-plot-in-badr\/","title":{"rendered":"CIRA makes 10% \u201ccommitment deposit\u201d for EGP 479 mn land plot in Badr"},"content":{"rendered":"<p>Cairo for Investment and Real Estate Development (CIRA) has made a 10% down payment for a EGP 479 mn land plot in Badr City, the company said in <a href=\"http:\/\/www.egx.com.eg\/downloads\/Bulletins\/235941_1.pdf\">a bourse disclosure (pdf)<\/a>. CIRA <a href=\"https:\/\/enterprise.press\/stories\/2019\/08\/19\/cira-says-government-approved-adding-7-new-schools-to-its-badr-university\/\">will add seven new colleges<\/a> to Badr University on the 76.5 feddan (321k sqm) plot. It was allocated by the New Urban Communities Authority under <a href=\"https:\/\/enterprise.press\/stories\/2019\/06\/19\/egypt-to-begin-tendering-land-under-new-mechanism\/\">a new mechanism<\/a> announced earlier this year which requires investors and developers to make a 10% \u201ccommitment deposit\u201d within 30 days of approval.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cairo for Investment and Real Estate Development (CIRA) has made a 10% down payment for a EGP 479 mn land plot in Badr City, the company said in a bourse disclosure (pdf). CIRA will add seven new colleges to Badr University on the 76.5 feddan (321k sqm) plot. It was allocated by the New Urban [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9304],"tags":[402,73,72,83,2402],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-594107","post","type-post","status-publish","format-standard","hentry","category-real-estate-housing","tag-cira-education","tag-education","tag-enterpriseam","tag-real-estate","tag-real-estate-housing","wpautop","entry"],"acf":{"mongo_id":"c2d7e382-f95e-4623-9a27-a02c399836ad","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[594078],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>CIRA makes 10% \u201ccommitment deposit\u201d for EGP 479 mn land plot in Badr - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/20\/cira-makes-10-commitment-deposit-for-egp-479-mn-land-plot-in-badr\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CIRA makes 10% \u201ccommitment deposit\u201d for EGP 479 mn land plot in Badr\" \/>\n<meta property=\"og:description\" content=\"Cairo for Investment and Real Estate Development (CIRA) has made a 10% down payment for a EGP 479 mn land plot in Badr City, the company said in a bourse disclosure (pdf). CIRA will add seven new colleges to Badr University on the 76.5 feddan (321k sqm) plot. 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El Kalla did not state when CIRA plans to spin-off the\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":600042,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/17\/cira-reports-39-y-o-y-growth-in-net-profits-in-first-quarter-of-its-fiscal-year\/","url_meta":{"origin":594107,"position":1},"title":"CIRA reports 39% y-o-y growth in net profits in first quarter of its fiscal year","author":"enterpriseam admin","date":"17 January 2019","format":false,"excerpt":"EARNINGS WATCH- Cairo for Real Estate and Investment (CIRA) reported a 39% y-o-y increase in net profit to EGP 74.3 mn in 1Q of its fiscal year, which ended 30 November 2018, according to the company\u2019s earnings release (pdf). Revenues rose 31% y-o-y in the quarter, coming in at EGP\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":623060,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/21\/cira-to-invest-egp-1-bn-in-expanding-badr-university\/","url_meta":{"origin":594107,"position":2},"title":"CIRA to invest EGP 1 bn in expanding Badr University","author":"enterpriseam admin","date":"21 October 2018","format":false,"excerpt":"** #5 INVESTMENT WATCH- CIRA to invest EGP 1 bn in expanding Badr University: Private-sector education provider Cairo Investment and Real Estate Development (CIRA) is planning to invest EGP 1 bn on developing a new campus for Badr University, CEO Mohamed El Kalla said, according to Al Mal. The first\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":621240,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/04\/cira-to-build-educational-complex-in-new-alamein-city\/","url_meta":{"origin":594107,"position":3},"title":"CIRA to build educational complex in New Alamein City","author":"enterpriseam admin","date":"4 November 2018","format":false,"excerpt":"The New Urban Communities Authority (NUCA) has allocated a 14.3k sqm land plot for Cairo Investment and Real Estate Development (CIRA) to build an educational complex in the New Alamein City. No further details were provided.","rel":"","context":"In &quot;Real Estate + Housing&quot;","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":591520,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/09\/cira-plans-egp-2-bn-in-new-investment-fresh-securitization-program\/","url_meta":{"origin":594107,"position":4},"title":"CIRA plans EGP 2 bn in new investment, fresh securitization program","author":"enterpriseam admin","date":"9 December 2019","format":false,"excerpt":"INVESTMENT WATCH- CIRA plans EGP 2 bn in new investment, fresh securitization program: EGX-listed education business CIRA will invest more than EGP 2 bn to develop several ongoing and future projects and will turn to a securitized bond issuance as part of its financing plans, CEO Mohamed El Kalla tells\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/12\/329.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":604413,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/03\/earnings-watch-cira-reports-fy2018-results-in-maiden-earnings-post-ipo\/","url_meta":{"origin":594107,"position":5},"title":"Earnings watch: CIRA reports FY2018 results in maiden earnings post-IPO","author":"enterpriseam admin","date":"3 December 2018","format":false,"excerpt":"EARNINGS WATCH- Cairo for Real Estate and Investment (CIRA) reported a 95% y-o-y increase in net profit to EGP 126.4 mn in its 2018 fiscal year, which ended 31 August, according to the company\u2019s maiden earnings release (pdf). 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