• Thursday, 28 November 2019

    Emaar signs settlement agreement with NUCA to move ahead with West Cairo project

    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...
  • Wednesday, 27 November 2019

    Emaar Misr purchases new land in Sheikh Zayed extension

    Emaar Misr has purchased a 500-feddan land plot in Sheikh Zayed extension for an undisclosed amount, head of the Sheikh Zayed City Development Authority Mostafa Fahmy said, according to Mubasher. A separate report from the news outlet indicates the property...
  • Tuesday, 26 November 2019

    Orascom Development Egypt begins phase two of Makadi Heights

    Orascom Development Egypt has started work on a new phase in its Red Sea development Makadi Heights, the company announced in a statement picked up by Al Mal. The 3.7 mn sqm development is a fully-integrated resort town that is...
  • Tuesday, 26 November 2019

    Orascom Development Egypt begins phase two of Makadi Heights

    Orascom Development Egypt has started work on a new phase in its Red Sea development Makadi Heights, the company announced in a statement picked up by Al Mal. The 3.7 mn sqm development is a fully-integrated resort town that is...
  • Monday, 25 November 2019

    NUCA to issue EGP 10 bn securitized bonds in 2H 2019-2020

    DEBT WATCH- NUCA moving to issue another EGP 10 bn in securitized bonds to fund new cities: The New Urban Communities Authority (NUCA) is planning to securitize up to EGP 10 bn of receivables from partnered private sector real estate...
  • Monday, 25 November 2019

    More details on HHD 10% stake + management revealed

    PRIVATIZATION WATCH- Key conditions for HHD 10% stake + management revealed: Private investors interested in taking over management at Heliopolis Housing and Development (HHD) will receive up to 20% of the state-owned company's annual profits in management fees, according to...
  • Monday, 25 November 2019

    Last night’s talk shows for Monday, 25 November 2019

    Speculation about an imminent cabinet shuffle — and a suggestion that the Investment Ministry could be rolled into a Supreme Investment Council — reached fever pitch on the talk shows last night: We have the breakdown in this morning’s Speed...
  • Sunday, 24 November 2019

    Housing Ministry to prepare list of projects for sovereign wealth fund Tharaa

    The Housing Ministry is preparing a list of projects it wants to work on with Egypt’s sovereign wealth fund, Tharaa, minister Asem El Gazar told the press without providing details. Tharaa, which launched earlier this month, will be taking over...
  • Sunday, 24 November 2019

    NUCA, Almanar partner on Greenland compound in Sixth of October

    The New Urban Communities Authority has signed a partnership agreement with Almanar Urban Development to build a EGP 1.3 bn residential compound in Sixth of October’s Ganoub El Ahyaa area, according to a cabinet statement.

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