Real Estate

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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 …

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 …

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, …

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. …

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 …

Companies Investments

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 …

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 …

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 …

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 …

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 …

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. …

Event

The company aims to deliver 3,500 units during 2021

17 March 02:17 PM Porto Group Holding set to launch new JV in near future

Cairo – Mubasher: Porto Group Holding is set to establish a new joint venture (JV) in partnership with Prime Group Egypt, UAE’s Asmak Co. in the coming period. The real estate developer is also working on 15 projects inside Egypt and abroad, …

The real estate developer targets EGP 3 billion in presales this year

16 March 01:58 PM Porto Holding eyes EGP 1.3bn investments in 2021

By: Abdullah Bedeir Cairo – Mubasher: Porto Group Holding is planning to invest EGP 1.3 billion in its projects in 2021, the Deputy Chairman, Ayman Mokhtar Khalifa, revealed. The real estate developer also targets EGP 3 billion in presales during …

The potential transaction will be executed by Aldar-led consortium

14 March 11:28 AM Aldar offers to acquire majority stake in EGX-listed SODIC

Mubasher: Aldar Properties has submitted a preliminary non-binding offer to acquire a majority stake in Six of October Development and Investment (SODIC), an Egyptian real estate company. The potential transaction will be executed by a consortium …

The company launched a new project with estimated investments of EGP 1 billion

8 March 05:53 PM Watan Developments plans EGP 5bn investments in Egypt by 2025

By: Abdullah Bedeir Cairo – Mubasher: Watan Developments plans to invest about EGP 5 billion in commercial projects in the New Administrative Capital by 2025. The company announced the launch of a new project in the new capital's Downtown area …

The deadline for settling building violations has been extended to the end of March

7 March 05:57 PM Kafr El-Sheikh collects EGP 521m in reconciliation fees for building violations

Cairo – Mubasher: Egypt’s Kafr El-Sheikh Governorate has received about 116,620 requests for reconciliation on construction violations valued at EGP 520.88 million, the Middle East News Agency (MENA) reported on Wednesday, citing the Governor …

Minister of Housing, Assem El-Gazzar

7 March 11:40 AM NUCA approves FY21/22 budget at EGP 140bn

Cairo – Mubasher: The board of directors of New Urban Communities Authority (NUCA) approved the planned budget for fiscal year 2021/2022 at EGP 140 billion. The authority aims to complete, resume, and start construction of thousands of housing …

The company is building a residential project with investments of EGP 1.5 billion

4 March 04:12 PM Mardev Developments plans EGP 400m investments in New Administrative Capital in 2021

By: Abdullah Bedeir Cairo – Mubasher: Mardev Developments plans to invest EGP 400 million in new projects in the New Administrative Capital during 2021, the CEO Mohamed Zohdy said. The real estate developer takes part in the Capital of Hope …

Companies Investments

Bidders can submit their offers starting from 22 March until 27 May

4 March 12:22 PM Heliopolis Housing seeks bidders for Heliopark development project

Cairo – Mubasher: Heliopolis Company for Housing and Development has launched a request for proposals (RFP), seeking bidders for the development of Heliopark project over an area of 1,695 feddans in New Cairo. Bidders can submit their offers …

The Swedish furniture seller launched 1,400 new products in Egypt

3 March 05:56 PM IKEA opens second branch in Egypt

By: Abdullah Bedeir Cairo – Mubasher: IKEA has launched its second branch in Egypt in collaboration with Al-Futtaim Group and MARAKEZ for Real Estate Investment, a subsidiary of the Saudi Fawaz Abdulaziz Alhokair Co. The new two-storey outlet, …

Companies Investments

Tatweer Misr aims to invest about EGP 3 billion in four projects this year

3 March 04:38 PM Tatweer Misr launches EGP 7bn project in North Coast

By: Abdullah Bedeir Cairo – Mubasher: Tatweer Misr announced the launch of a new project in the North Coast in partnership with Kayan for Real Estate Development. With an initial investment cost of EGP 7 billion, the development will be built over …

Companies Investments

Minister of Housing, Assem El-Gazzar

3 March 11:23 AM Social Housing and Mortgage Finance Fund approves FY21/22 budget at EGP 42bn

Cairo – Mubasher: The board of directors of the Social Housing and Mortgage Finance Fund (SHMFF) approved the budget for fiscal year 2021/2022 at EGP 42 billion. The Minister of Housing, Assem El-Gazzar, said that those who reserved residential …

The CEO of Minka Development, Abdallah Sallam

2 March 01:39 PM Minka Development plans EGP 500m investments in 2021

By: Abdullah Bedeir Cairo – Mubasher: Minka Development plans to invest EGP 500 million in a new residential project in eastern Cairo during 2021, the CEO Abdallah Sallam revealed. Spanning over an area of 27 feddans, the new development will …

Companies Investments