real estate
Madinet Masr delivers stellar nine-month results, with contracted sales more than doubling year-on-year to EGP 32.7 billion and net profit reaching an all-time high as new projects launch.
Currently, Adeer is in discussions with the Financial Regulatory Authority and the Egyptian Exchange (EGX) to address necessary legislative amendments to facilitate the establishment of real estate funds in the country, he added.
Hyde Park Developments has firmly established itself as a premier real estate developer in Egypt, achieving significant milestones in the sector over the past years. With a steadfast commitment to innovation and quality, the company has rapidly expanded its diverse investment portfolio, featuring an impressive array of residential and commercial projects in prime locations, including New Cairo, 6th of October City, and the North Coast, with a strategic focus on delivering exceptional residential units that cater to a wide range of customers seeking luxurious and contemporary homes.
According to the release, the Ras El Hekma megaproject is expected to contribute approximately $25 billion annually to Egypt's GDP and create around 750,000 jobs, with projected cumulative investments reaching $110 billion by 2045
The Egyptian Minister of Public Business Sector, Eng. Mohamed Shimi has made remarks about the ministry's plans to exploit all available real estate assets.
The Golden View event witnesses the launch of its latest project in the Fifth Settlement, GOLDEN HUB, the largest commercial, administrative, and medical complex.
In its report, the FRA explained that total loans for micro, small, and medium enterprises (MSMEs) in Egypt surged to LE 62.8 billion in March 2024 from LE 40.9 billion in March 2023
Cairo's tourism and hospitality sector is being strengthened through cross-border collaborations, an increase in foreign direct investment (FDI), and a LE 50 billion initiative to enhance tourism.
The meeting aimed to explore opportunities to attract foreign buyers and generate new foreign exchange sources for the Egyptian economy
The inauguration of our Dubai office is a significant milestone, following the successful establishment of nine branches in Egypt within our first year.
Stemming from its 65-year legacy and expertise in the Egyptian real estate sector, with its proven innovation leadership that aims to create cutting-edge solutions to the major challenges facing the sector and customers, Madinet Masr unveiled "Theqa" through its innovation arm, "Madinet Masr Innovation Labs".
The objective behind this initiative is to create a global financial hub and attract foreign investments, as stated by the sources.
The Ark has unveiled its most significant and first launch to date in New Cairo, with an exceptional location centrally located within the vibrant Fifth Settlement area. This highly anticipated announcement encompasses two flagship projects: CLIFF and EDGE , both on The Ark land.
An Egyptian real estate developer highlighted the successful Turkish experience in exporting real estate abroad, saying that it contributed to the economic renaissance in Turkey during the recent period.
Mohamed Abdel-Fattah: Prioritizing human well-being above all else in developing residential units at Notion Amr Saadawi: We offer sustainable investment and living solutions at Notion New Cairo’s “Notion” project: a residential project providing top-of-the-line solutions in innovation and sustainability
Heiba’s comments are the first confirmation by an Egyptian official since media outlets began publishing reports last week on the potential sale and development of the area
Egypt’s leading real estate developers earned a collective sales figure exceeding LE 700 billion in 2023, surpassing 2022’s total of LE 332 billion, according to a new report by the Board Consulting
This is in line with Bonyan’s strategy of acquiring trophy commercial real estate assets cementing its position as the leading real estate investment company in Egypt
In 2023, Modon Real Estate Development completes strategic alliances and attains the greatest implementation rates in the Administrative Capital. In 2024, the company grows to include East and West Cairo as well as the North Coast.
This is in line with the government’s efforts to attract foreign currency amid an FX shortage that has impacted several sectors
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