{"id":670646,"date":"2025-08-24T00:00:00","date_gmt":"2025-08-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/24\/misr-italia-earmarks-egp-11-bn-to-ramp-up-construction\/"},"modified":"2025-08-24T00:00:00","modified_gmt":"2025-08-24T00:00:00","slug":"misr-italia-earmarks-egp-11-bn-to-ramp-up-construction","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/24\/misr-italia-earmarks-egp-11-bn-to-ramp-up-construction\/","title":{"rendered":"Misr Italia earmarks EGP 11 bn to ramp up construction"},"content":{"rendered":"

Real estate developer <\/strong>Misr Italia P<\/strong>roperties plans to invest EGP 11 bn this year <\/strong>to accelerate construction and executions rates across its all projects under development<\/strong>, CEO Mohamed El Assal said during a presser attended by EnterpriseAM last week. The company has already pumped EGP 5 bn into construction works since the beginning of the year and plans to invest another EGP 6 bn by the end of the year to fast-track project timelines. <\/p>\n

The breakdown: <\/strong>The real estate developer earmarked EGP 1.5 bn for its EGP 30 bn North Coast development Solare<\/a> in Ras El Hekma, El Assal said. The firm plans to begin delivering units to buyers within two years, he added. <\/p>\n

The company launched the second phase of Solare \u2014 dubbed Olive Oasis \u2014 last week<\/strong>, offering villas, townhouses, twinhouses, and villas with direct lagoon access.<\/p>\n

Some 10 bn will go towards developing 1k hotel units in Solare. <\/strong>\u201cWe paid special attention to the hospitality offering at Solare, which we view as a step toward providing an integrated real estate product that combines upscale residences with world-class hotel services, reinforcing Solare\u2019s position as a major tourism and investment hub in the North Coast and beyond,\u201d El Assal said.<\/p>\n

Shifting consumer preferences restructures market demand:<\/strong> About 50% of Solare\u2019s buyers are non-Egyptians, showing a shift in demand patterns for local real estate this year, El Assal said. Over the past three years real estate purchases were mainly for investment and savings, he added, mirroring recent findings from an Aqarmap report on market trends<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Some 10 bn will go towards developing 1k hospitality units in Solare<\/p>\n","protected":false},"author":1,"featured_media":670647,"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":[7371],"tags":[72,955,987,2074,7388,83],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-670646","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate","tag-enterpriseam","tag-hospitality","tag-misr-italia-properties","tag-north-coast","tag-ras-el-hekma","tag-real-estate","wpautop","entry"],"acf":{"mongo_id":"abfb632d-673b-4ffb-a131-a054465ede4a","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/8\/1393.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Misr Italia earmarks EGP 11 bn to ramp up construction","related_issue":[670632],"teaser":"Some 10 bn will go towards developing 1k hospitality units in Solare","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/8\/.5b226447-a421-4a21-9610-eba45a6b6f92.mp3"},"yoast_head":"\nMisr Italia earmarks EGP 11 bn to ramp up construction - 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The remainder will be directed to\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":621417,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/07\/misr-italia-signs-egp-11-bn-agreement-to-develop-268-feddans-with-el-mostakbal\/","url_meta":{"origin":670646,"position":5},"title":"Misr Italia signs EGP 11 bn agreement to develop 268 feddans with El Mostakbal","author":"enterpriseam admin","date":"7 November 2018","format":false,"excerpt":"El Mostakbal for Urban Development has signed an EGP 11 bn agreement with Misr Italia to develop a 268-feddan mixed-use project in Mostakbal City, Amwal Al Ghad reports. 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