Abu Dhabi developer Imkan plots expansion in Egypt

Real estate developer Imkan, a subsidiary of private equity investor Abu Dhabi Capital Group, plans to expand its offering in Egypt, with discussions ongoing with the Egyptian government to acquire a parcel of land for future development, its chief executive said.

“We"...

SODIC nets EGP 500m contractual sales from Allegria Residence project

Six of October Development and Investment (SODIC) announced that it has recorded contractual sales of EGP 500m from its Allegria Residence project.

SODIC had launched the first phase of Allegria Residence, which"...

Egypt to build over 1.1m housing units in 5 years

Egypt's Ministry of Housing has embarked upon an aggressive programme to build more than 1.1 million residential units over the next five years as part of its efforts to cater to the surging demand for affordable housing in the country, reported Daily News Egypt.

Establishing"...

ACUD in process to build 6 universities, 65 schools in Egypt new capital

Egypt is constructing six international universities and 65 educational institutions in the New Administrative Capital phase one, according to Khaled Elhusseiny, a spokesman for Administrative Capital For Urban Development – ACUD.

The"...

Egypt imposes temporary duties of 15% on iron billets, 25% on steel rebar

Cairo: Egypt has imposed temporary import fees of 15 percent on iron billets and 25 percent on steel rebar for 180 days from Monday, the finance ministry said.

The ministry said the import fees aim to protect"...

Madinet Nasr Housing posts EGP 1.7B pre-sales for Q1-19

ArabFinance: Madinet Nasr Housing & Development’s (MNHD) announced Monday that its pre-sales (contracts + reservations rose 9% year-on-year to reach EGP 1.7 billion for the first quarter of 2019.

The"...

Egypt to establish over 1.1m residential units in 5 years-

Cairo: Establishing new urban communities became one of the engines of economic growth in Egypt and building sustainably is a priority in the country’s 2030 Vision, Khaled Abbas, deputy minister of housing, said.

The"...

Hilton Garden Inn Al Jubail, Designed by Dewan + Architects and Engineers, Opens in Saudi Arabia

The new 133-key Hilton Garden Inn Al Jubail has opened in Saudi Arabia’s commercial centre in Jubail, Dammam. It joins three existing Hilton Garden Inn properties in Saudi Arabia.

Helmed by Dewan Architects"...

Egypt, UAE ink cooperation agreements in housing, irrigation, trade, industry sectors

President Abdel Fattah Al-Sisi have signed a number of cooperation agreements with the Crown Prince of Abu Dhabi, Mohamed bin Zayed Al-Nahyan, in fields of housing, irrigation, as well as trade and industry, according to the presidency’s spokesperson, Bassam Rady.

Al-Sisi"...

Arabia to launch branch of international sports club in Sun Capital next month

Arabia Holding aims to achieve contractual sales worth EGP 6.25bn of its two projects, Sun Capital in West Cairo and Galleria in New Cairo this year, including EGP 5bn in total sales expected from the Sun Capital and the rest from the Galleria project, according to Tarek Shoukry, the chairperson"...