• Wednesday, 18 December 2019

    Porto Assuit to break ground in coming days

    Porto Group intends to start construction work on the EGP 4.5 bn Porto Assiut project in the coming days, said Chairman and Managing Director Mohamed El Sayed, according to Hapi Journal. The development will include 1.9k residential and hotel apartments...
  • Wednesday, 18 December 2019

    Egyptian real estate investment firm Emerald to IPO around mid-January

    IPO WATCH- Emerald to offer 28% stake in January IPO: Real estate investment firm Emerald is planning to sell 28% of its shares on the EGْْX in the middle of January 2020, CEO of Egyptians Real Estate Fund Hashem El...
  • Sunday, 15 December 2019

    Emaar Misr to launch Cairo Gate compound in 2Q2020

    Emaar Misr’s planned new development Cairo Gate is due to launch in the second quarter of 2020, a source from the company told the press. The compound was recently the center of a dispute between Emaar and the New Urban...
  • Thursday, 12 December 2019

    Hassan Ghanem appointed City Edge chairman, Amjad Hassanein as CEO

    MOVES- Hassan Ghanem (LinkedIn) has been appointed board chairman of City Edge, a week after being named chairman of the Housing and Development Bank, according to a company statement (pdf). Ghanem has 33 years of experience in the banking sector...
  • Wednesday, 11 December 2019

    SODIC unveils Vye neighborhood in Sheikh Zayed

    SODIC has unveiled its Vye neighborhood in its new 500-acre development in Sheikh Zayed, it said in a statement (pdf). Vye is the second of four new projects in Zayed this year after the company launched The Estates in September.
  • Monday, 9 December 2019

    CIRA plans EGP 2 bn in new investment, fresh securitization program

    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...
  • Sunday, 8 December 2019

    Egypt’s EGP 150 bn industry, mortgage support initiatives positive for EGP stability + real estate sector -Beltone

    Gov’t’s EGP 150 bn industry, mortgage support initiatives positive for EGP stability + real estate sector -Beltone: The government and the central bank’s EGP 100 subsidized initiative to provide subsidized loans for mid-sized manufacturers and a EGP 50 bn middle-income...
  • Tuesday, 3 December 2019

    MBG Development plans EGP 10 bn new capital housing project

    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. Sales could begin next year. The development is one of...
  • Sunday, 1 December 2019

    Egypt’s Housing Ministry approves new mechanism for PPP projects

    The Social Housing Fund approved in a board meeting yesterday a new mechanism for partnership on housing projects with real estate developers, according to a Housing Ministry statement. No further details were provided on the new system. We noted in...

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