{"id":632366,"date":"2018-02-08T04:21:06","date_gmt":"2018-02-08T04:21:06","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/08\/remco-to-begin-egp-12-bn-project-in-new-administrative-capital\/"},"modified":"2018-02-08T04:21:06","modified_gmt":"2018-02-08T04:21:06","slug":"remco-to-begin-egp-12-bn-project-in-new-administrative-capital","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/08\/remco-to-begin-egp-12-bn-project-in-new-administrative-capital\/","title":{"rendered":"Remco to begin EGP 12 bn project in new administrative capital"},"content":{"rendered":"

Remco Tourism Villages Construction announced it is beginning EGP 12 bn worth of projects at the new administrative capital, according to a bourse statement<\/a>. Remco says the project is expected to generate EGP 15 bn in sales and will be executed over two years.<\/p>\n","protected":false},"excerpt":{"rendered":"

Remco Tourism Villages Construction announced it is beginning EGP 12 bn worth of projects at the new administrative capital, according to a bourse statement. Remco says the project is expected to generate EGP 15 bn in sales and will be executed over two years.<\/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":[72,2402],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-632366","post","type-post","status-publish","format-standard","hentry","category-real-estate-housing","tag-enterpriseam","tag-real-estate-housing","wpautop","entry"],"acf":{"mongo_id":"a234c840-71d2-46c3-960a-d43854abc6e3","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"Remco to begin EGP 12 bn project in new administrative capital","related_issue":[632335],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.f66b17bc-1231-46c2-9136-f0680b6dae71.mp3"},"yoast_head":"\nRemco to begin EGP 12 bn project in new administrative capital - 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\/2018\/02\/08\/remco-to-begin-egp-12-bn-project-in-new-administrative-capital\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Remco to begin EGP 12 bn project in new administrative capital\" \/>\n<meta property=\"og:description\" content=\"Remco Tourism Villages Construction announced it is beginning EGP 12 bn worth of projects at the new administrative capital, according to a bourse statement. Remco says the project is expected to generate EGP 15 bn in sales and will be executed over two years.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/08\/remco-to-begin-egp-12-bn-project-in-new-administrative-capital\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-02-08T04:21:06+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/08\/remco-to-begin-egp-12-bn-project-in-new-administrative-capital\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/08\/remco-to-begin-egp-12-bn-project-in-new-administrative-capital\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Remco to begin EGP 12 bn project in new administrative capital\",\"datePublished\":\"2018-02-08T04:21:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/08\/remco-to-begin-egp-12-bn-project-in-new-administrative-capital\/\"},\"wordCount\":52,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Real Estate + Housing\"],\"articleSection\":[\"Real Estate + Housing\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/08\/remco-to-begin-egp-12-bn-project-in-new-administrative-capital\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/08\/remco-to-begin-egp-12-bn-project-in-new-administrative-capital\/\",\"name\":\"Remco to begin EGP 12 bn project in new administrative capital - 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Remco says it sold 80% of project and expects to generate EGP 2.5 bn once the entire project is sold.","rel":"","context":"In "Real Estate + Housing"","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":649072,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/20\/stella-di-mare-2-sales-reach-egp-1-bn\/","url_meta":{"origin":632366,"position":1},"title":"Stella Di Mare 2 sales reach EGP 1 bn","author":"enterpriseam admin","date":"20 April 2017","format":false,"excerpt":"Sales of Stella Di Mare 2 homes have surpassed EGP 1 bn since the project was announced last year, Remco Tourism \u2019s vice chairman Onsi Youssef said, Al Mal reports. The project, which spans 2 mn sqm, is expected to cost EGP 3 bn, and sales are expected to reach\u2026","rel":"","context":"In "Real Estate + Housing"","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":576459,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/24\/whos-in-the-market-for-debt-remco-hd-leasing-el-nasr-auto-marsa-alam-for-tourism-development\/","url_meta":{"origin":632366,"position":2},"title":"Who\u2019s in the market for debt? Remco, HD Leasing, El Nasr Auto, Marsa Alam for Tourism Development","author":"enterpriseam admin","date":"24 November 2020","format":false,"excerpt":"Tourism developer Remco and two of its affiliate companies are in talks to obtain a two-tranche EGP 3.3 bn syndicated loan to refinance debt and lease payments and finance working capital, the company said in a regulatory filing (pdf). Banque Misr is joining several other unnamed banks and leasing companies\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":544508,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/07\/egypts-banks-processed-1-bn-electronic-transactions-in-2021\/","url_meta":{"origin":632366,"position":3},"title":"Egypt\u2019s banks processed 1 bn electronic transactions in 2021","author":"enterpriseam admin","date":"7 March 2022","format":false,"excerpt":"Egypt\u2019s banks processed 1 bn electronic transactions in 2021 worth a total of EGP 2.8 tn, said the Central Bank of Egypt\u2019s Sub-Governor for Payment Systems and Business Technology Ayman Hussein, according to Hapi Journal. Hussein didn\u2019t give a comparative figure for 2020.Atrees Group acquires 100% of Remco subsidiary Empain:\u2026","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":581700,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/20\/sovereign-fund-of-egypt-reportedly-eyeing-a-minority-stake-in-el-ezaby\/","url_meta":{"origin":632366,"position":4},"title":"Sovereign Fund of Egypt reportedly eyeing a minority stake in El Ezaby","author":"enterpriseam admin","date":"20 February 2023","format":false,"excerpt":"In partnership with an unnamed investment firm","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/El-Ezaby-1600.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":591339,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/03\/mbg-development-plans-egp-10-bn-new-capital-housing-project\/","url_meta":{"origin":632366,"position":5},"title":"MBG Development plans EGP 10 bn new capital housing project","author":"enterpriseam admin","date":"3 December 2019","format":false,"excerpt":"MBG Development plans to launch a EGP 10 bn, 100-feddan housing project in the new administrative capital in partnership with Gulf investors, Chairman Mahmoud Al Adel told the local press. 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The development is one of several MBG projects in the new capital, with Boca Compound\u2026","rel":"","context":"In "Real Estate + Housing"","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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/632366","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=632366"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/632366\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/632335"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=632366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=632366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=632366"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=632366"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=632366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}