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13 May 03:01 AM

Real Estate

A total of EGP 1.545 billion has been invested in New Fayoum City
3 May 12:52 PM Ministry of Housing invests EGP 4.3bn in Fayoum since 2014
Cairo – Mubasher: The Egyptian Ministry of Housing has invested a total of EGP 4.306 billion in Fayoum Governorate since President Abdel Fattah El-Sisi took office in 2014. These investments have been injected into the establishment of …
Real estate
The real estate developer generated EGP 263.7 million in revenue
28 April 12:56 PM Heliopolis Housing's profit sinks 96% in nine months
Cairo – Mubasher: The net profits of Heliopolis Company for Housing and Development plunged by 95.7% to EGP 16.25 million in the first nine months of fiscal year (FY) 2020/2021, compared to EGP 379.59 million in the prior-year period, the …
Financial Results
The transaction will be conducted by Tharwa Securitization
28 April 11:19 AM Palm Hills Developments approves EGP 800m securitisation issuance
Cairo – Mubasher: The board of directors of Palm Hills Developments (PHD) approved a securitisation issuance worth EGP 800 million. The transaction will be conducted by Tharwa Securitization, PHD said in a bourse disclosure on Wednesday. In 2020, …
Corporate Actions
Heliopolis Housing established projects worth EGP 200 million in 2020
26 April 03:58 PM Heliopolis Developers Group plans EGP 2bn investments in New Heliopolis City
By: Abdullah Bedeir Cairo – Mubasher: New Heliopolis City, owned by Heliopolis Company for Housing and Development, will witness the development of a new residential project with investments of EGP 2 billion, the Chairman of Heliopolis Developers …
Real estate
A 143.4-feddan land will be used for building Bashayer El-Kheir residential project
26 April 03:45 PM Ministry of Public Business agrees to use 238-feddan lands in residential projects
Cairo – Mubasher: The Minister of Public Business Sector, Hisham Tawfik, witnessed the signing of protocols of cooperation with the Armed Forces for the use of land plots owned by public business companies in establishing several national and …
Real estate
The chairman expects the deal to close by the third quarter of 2021
26 April 02:37 PM Ten real estate developers buy Heliopark development conditions booklet
By: Abdullah Bedeir Cairo – Mubasher: A total of 10 real estate developers have purchased the conditions booklet released by Heliopolis Company for Housing and Development for the development of Heliopark project over an area of 1,695 feddans in …
Companies Investments
Basil Ramzy, CEO of Marakez, and Adel Hamed, CEO of Telecom Egypt
25 April 01:13 PM Telecom Egypt inks cooperation protocol with Marakez
Cairo – Mubasher: Telecom Egypt signed a protocol of cooperation with Marakez, a subsidiary of Fawaz Abdulaziz Alhokair Co, to provide integrated communications and internet services to the projects owned by the property developer. Under the …
Real estate
Minister of Housing, Assem El-Gazzar
21 April 12:10 PM Ministry of Housing invests EGP 83bn in Upper Egypt since 2014
Cairo – Mubasher: The Ministry of Housing, Utilities, and Urban Communities has invested a total of EGP 83 billion in Upper Egypt since President Abdel Fattah El-Sisi assumed office in 2014. These investments include EGP 21.057 billion in building …
Macroeconomics
Sky Abu Dhabi launched its first project in the New Administrative Capital
20 April 03:54 PM GAFI explores investment opportunities with Sky Abu Dhabi
Cairo – Mubasher: The Executive Director of the Egyptian General Authority for Investment and Free Zones (GAFI), Mohamed Abdel Wahab, met with officials of major UAE companies to explore means of cooperation in investment. Saleh Mohammed Bin …
Companies Investments
The Aldar-led alliance offered to acquire at least 51% of SODIC
15 April 12:03 PM SODIC hires financial advisors to study acquisition offer by Aldar Properties
Cairo – Mubasher: The board of directors of Six of October Development and Investment (SODIC) approved the appointment of EFG Hermes and an international investment bank as financial advisors to study the preliminary acquisition offer submitted by …
Real estate
The company will build a 23-feddan project featuring 1,000 residential units
14 April 03:12 PM New Generation Group eyes EGP 5bn investments in New Administrative Capital
By: Abdullah Bedeir Cairo – Mubasher: New Generation Group plans to invest EGP 5 billion in real estate projects in the New Administrative Capital over the coming five years, the company’s Chairman, Assem Fadel, said. The company signed a contract …
Real estate
The project is being built over an area of 5.5 million square metres
14 April 10:46 AM Inertia inks deal with Banque Misr to obtain EGP 1.1bn Islamic funding
Cairo – Mubasher: Inertia Egypt signed a contract with Banque Misr to obtain a medium-term Islamic funding worth EGP 1.1 billion to finance the company’s project on the North Coast. The Mudarabah funding will be used to finance the development of …
Real estate
Communications services will be provided through FTTH technology
12 April 05:02 PM Telecom Egypt inks protocol of cooperation with Ora Developers
Cairo – Mubasher: Telecom Egypt signed a protocol of cooperation with Ora Developers to provide integrated communications services to the latter’s real estate projects. Under the protocol, the telecom operator will extend its network and provide …
Real estate
Tatweer Misr's CEO, Ahmed Shalaby
12 April 01:33 PM Tatweer Misr launches EGP 10bn educational area in Mostakbal City
By: Abdullah Bedeir Cairo – Mubasher: Tatweer Misr aims to establish an educational area in its integrated urban community in Mostakbal City over an area of 90 feddans with an investment of EGP 10 billion. Upon completion in 10 years, the area …
Companies Investments
The new conditions will be announced in a press conference on 15 April.
6 April 11:22 AM Egypt to launch pilot phase of new construction licensing system in May
Cairo – Mubasher: Egyptian Prime Minister Mostafa Madbouly announced the approval of the new construction licensing system. The pilot phase of the new system will be launched on 1 May for a period of two months in certain cities before being …
Real estate
So far, three major companies have obtained the booklet of conditions
4 April 01:41 PM Heliopolis Housing launches Heliopark development project
By: Abdullah Bedeir Cairo – Mubasher: Heliopolis Company for Housing and Development has released the booklet of conditions for the development of Heliopark project over an area of 1,695 feddans in New Cairo, the Chairman, Khaled Zakareya Emam, …
Real estate
The land is dedicated for residential use
1 April 04:12 PM Heliopolis Housing sells land in New Heliopolis for EGP 2.5bn
Cairo – Mubasher: Heliopolis Company for Housing and Development announced the sale of two land plots dedicated for residential use over an area of 270 feddans in the 20th district in New Heliopolis City in a public auction for EGP 2.5 billion. …
Real estate
The group will build an administrative-commercial project in New Cairo
30 March 05:25 PM Shoura Group aims to invest EGP 1.3bn in three real estate projects
By: Abdullah Bedeir Cairo – Mubasher: Shoura Group aims to invest EGP 1.3 billion in three real estate projects, the CEO of the group’s property development arm Developer X, Ahmed Fouad, revealed. The group will start building an …
Real estate
The new project will feature 2,500 residential units
28 March 04:10 PM Amer Group to invest EGP 2.5-3bn on residential project in New Minya
By: Abdullah Bedeir Cairo – Mubasher: Amer Group Holding Co has started construction works at its residential project in New Minya City, Hosny Hany Omar, Head of the Real Estate Sector at Amer Group, said. Spanning over 60 feddans, the new project …
Companies Investments
Minister of Housing Assem El-Gazzar
25 March 06:06 PM Egypt builds 250k housing units for residents of unsafe areas with EGP 65bn
By: Abdullah Bedeir Cairo – Mubasher: Egypt has provided 200,000 residential units for residents of unsafe areas and is building another 50,000 units scheduled for completion by the end of 2021, Minister of Housing Assem El-Gazzar said. The total …
Macroeconomics
Minister of Housing, Assem El-Gazzar
25 March 05:23 PM Egypt to inaugurate New Administrative Capital in H2-21
By: Abdullah Bedeir Cairo – Mubasher: The Egyptian Minister of Housing, Assem El-Gazzar, announced on Thursday that a number of new cities will be inaugurated during the second half (H2) of 2021, including the New Administrative Capital, West …
Real estate
The company plans to build integrated residential project in Sheikh Zayed
25 March 11:30 AM Emaar Misr to build new residential project with EGP 37.8bn investment
Cairo – Mubasher: Emaar Misr for Development signed a contract with the New Urban Communities Authority (NUCA) to acquire a 500-feddan land in Sheikh Zayed to build an integrated residential project. The value of investments in the project is …
Real estate
Revenues grew to $3.371 billion in 2020
25 March 10:54 AM Orascom Construction logs $97m profit, $5.4bn backlog in 2020; dividends proposed
Cairo – Mubasher: Orascom Construction Plc reported consolidated net profits of $97.1 million in 2020, down by 26% year-on-year (YoY) from $131.1 million, including minority shareholders’ rights. The net profits attributable to the owners of the …
Cash Dividends
The signing ceremony - (Photo Credit: Press Release)
23 March 03:05 PM Living Yards Developments, EFS Misr sign MoU
Cairo – Mubasher: Living Yards Developments Egypt recently signed a memorandum of understanding (MoU) with EFS Misr Facilities Service. “This up-and-coming partnership culminates Living Yards’ latest remarkable successes in its New Administrative …
Real estate
The deadline for submitting offers is on 16 June
21 March 10:54 AM Heliopolis Housing delays releasing RFP for Heliopark development project
Cairo – Mubasher: Heliopolis Company for Housing and Development postponed the release of the  request for proposals (RFP) related to the development of Heliopark project over an area of 1,695 feddans in New Cairo to 4 April instead of 22 March. …
Real estate