{"id":660661,"date":"2025-02-16T00:00:00","date_gmt":"2025-02-16T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/16\/emaar-to-invest-egp-100-bn-setting-up-new-mivida\/"},"modified":"2025-02-16T00:00:00","modified_gmt":"2025-02-16T00:00:00","slug":"emaar-to-invest-egp-100-bn-setting-up-new-mivida","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/16\/emaar-to-invest-egp-100-bn-setting-up-new-mivida\/","title":{"rendered":"Emaar to invest EGP 100 bn setting up New Mivida"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">REAL ESTATE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>#1- Emaar to invest EGP 100 bn in New Mivida: <\/strong>Emaar Misr Properties inked a strategic partnership agreement with Midar Investment and to set up the EGP 100 bn New Mivida residential project in New Cairo, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/1462.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. The project will include 2.9k apartments and villas, a school, and a sports club. Emaar has already invested an initial USD 80 mn in the project, founder Mohamed Ali Alabbar told <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/companies\/70614\/%D8%A7%D9%84%D8%B9%D8%A8%D8%A7%D8%B1-%D8%A5%D8%B9%D9%85%D8%A7%D8%B1-%D8%AA%D8%B3%D8%AA%D8%AB%D9%85%D8%B1-100-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AC%D9%86%D9%8A%D9%87-%D8%A8%D8%B4%D8%B1%D8%A7%D9%83%D8%A9-%D9%85%D8%B9-%D9%85%D9%8A%D8%AF%D8%A7%D8%B1-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A%D8%A9\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a>. Midar is expected to complete the construction on half of the project within three years, CEO Ayman Elkousey said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Concrete Plus to develop commercial project in 6th of October:<\/strong> Local construction company Concrete Plus will develop a commercial, medical, and administrative project in 6th of October on land owned by Mena Touristic and Real Estate Investment near its Mena Garden City project, <a target=\"_blank\" href=\"https:\/\/hapijournal.com\/2025\/02\/15\/%d9%83%d9%88%d9%86%d9%83%d8%b1%d9%8a%d8%aa-%d8%a8%d9%84%d8%b3-%d8%aa%d8%aa%d8%b9%d8%a7%d9%82%d8%af-%d9%85%d8%b9-%d9%85%d9%8a%d9%86%d8%a7-%d9%84%d9%84%d8%a7%d8%b3%d8%aa%d8%ab%d9%85%d8%a7%d8%b1-%d8%a7\/\" style=\"\" rel=\"noopener\">Hapi Journal<\/a> reports. The developer will fully finance the project, which is expected to generate EGP 7 bn in sales \u2014 Mena will take 36% of the total project sales in exchange for its land plot. The project should be completed within a 36-month period once Concrete Plus settles on a consultant to design the project. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And more: <\/strong>The two sides are mulling further cooperation to utilize Mena\u2019s assets. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">SPORTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Al Qalaa Al Hamraa to begin construction on Al Ahly Stadium:<\/strong> Al Qalaa Al Hamraa got the green light from the New Urban Communities Authority to begin construction on Al Ahly Club\u2019s stadium in Sheikh Zayed, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/1452.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI:<\/strong> Beltone Leasing and Factoring and Al Qalaa Al Hamraa <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5186f76a-2428-4462-a7f7-b01c4a83e66c\/beltone-leasing-and-factoring-signs-egp-4-bn-syndicated-leasing-term-sheet-with-al-qalaa-al-hamraa\" style=\"\" rel=\"noopener\">inked<\/a> an EGP 4 bn syndicated leasing term sheet to finance the construction of Al Ahly\u2019s stadium and sports city in Sheikh Zayed. The project will feature a 42k-seat stadium, a sports hospital, a museum, a university, a specialized sports school, and a hotel.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">HEALTHCARE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Lon<\/strong><strong>don\u2019s King\u2019s College Hospital discussed setting up a medical complex in Cairo <\/strong><strong>International Airport\u2019s investment zone <\/strong>to cater to medical tourism and travelers through the airport during a meeting with the Civil Aviation Ministry, according to a ministry <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0kS7hvck4MYXbBWVHtMYuYgtMS54s8FhWUGubCrnPVFWJkQDZCcyxTVc8AEc9t41Hl?rdid=7jgF8rRpVIJOJiWf\" style=\"\" rel=\"noopener\">statement<\/a>. The world-leading teaching hospital agreed to prepare a feasibility study for the project ahead of inking an MoU. The UK government-owned hospital has previously partnered with private investors to set up similar projects in Dubai, Jeddah, and Abuja.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/wadielnilesls.com\/\" style=\"\" rel=\"noopener\">Wad<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/wadielnilesls.com\/\" style=\"\" rel=\"noopener\">i El Nile Stio Life Sciences<\/a><\/strong> <strong> will open a EGP 150 mn dialysis equipment factory in <\/strong><strong>April<\/strong>, Chairman Amr Abdel Razek <a target=\"_blank\" href=\"https:\/\/almalnews.com\/%d9%88%d8%a7%d8%af%d9%89-%d8%a7%d9%84%d9%86%d9%8a%d9%84-%d8%aa%d8%ae%d8%b7%d8%b7-%d9%84%d8%a7%d9%81%d8%aa%d8%aa%d8%a7%d8%ad-%d9%85%d8%b5%d9%86%d8%b9-%d9%85%d9%8f%d8%b1%d8%b4%d8%ad%d8%a7\/\" style=\"\" rel=\"noopener\">said<\/a> during a presser. The locally manufactured product will be 80% cheaper than its imported alternative, with exports also in the cards after meeting domestic demand, he added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PLUS- Concrete Plus to develop commercial project in 6th of October<\/p>\n","protected":false},"author":1,"featured_media":660662,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7209],"tags":[111,3610,1527,72,7115,83],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-660661","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-civil-aviation-ministry","tag-emaar-misr","tag-enterpriseam","tag-healthcare","tag-real-estate","wpautop","entry"],"acf":{"mongo_id":"2b52167f-7c5f-471d-8bda-1089b05f43d2","order":"11","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/2\/1464.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Emaar to invest EGP 100 bn setting up New Mivida","related_issue":[660643],"teaser":"PLUS- Concrete Plus to develop commercial project in 6th of October","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.83c8b78c-bec8-4e6b-90fc-74ac226c6657.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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This came despite revenue falling 13% to EGP 771 mn during the quarter. 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Emaar had received the authority\u2019sapproval for the project in late 2019, following\u2026","rel":"","context":"In &quot;Real estate&quot;","block_context":{"text":"Real estate","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/real-estate\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596364,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/26\/emaar-misr-awards-arabtec-contract-to-build-two-communities-in-uptown-cairo\/","url_meta":{"origin":660661,"position":3},"title":"Emaar Misr awards Arabtec contract to build two communities in Uptown Cairo","author":"enterpriseam admin","date":"26 August 2019","format":false,"excerpt":"Emaar Misr has awarded Dubai-based construction company Arabtec a EGP 1.8 bn contract to build two residential areas in Emaar\u2019s Uptown Cairo project, Emaar said in a bourse filing (pdf).","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":593468,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/28\/emaar-signs-settlement-agreement-with-nuca-to-move-ahead-with-west-cairo-project\/","url_meta":{"origin":660661,"position":4},"title":"Emaar signs settlement agreement with NUCA to move ahead with West Cairo project","author":"enterpriseam admin","date":"28 November 2019","format":false,"excerpt":"DISPUTE WATCH- Emaar signs settlement agreement with NUCA to move ahead with West Cairo project: Emaar Misr has signed a final agreement with the New Urban Communities Authority to settle a dispute with the authority and purchase land surrounding its planned Cairo Gate compound in Sheikh Zayed, according to a\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\/3\/768.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":569666,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/03\/earnings-watch-emaar-misrs-profits-halve-in-2019\/","url_meta":{"origin":660661,"position":5},"title":"Earnings watch: Emaar Misr's profits halve in 2019","author":"enterpriseam admin","date":"3 March 2020","format":false,"excerpt":"EARNINGS WATCH- Emaar Misr's profits halve in 2019: Emaar Misr profits fell by 49% to EGP 1.74 bn in 2019, down from EGP 3.42 bn in 2018, according to a regulatory filing. 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