News by Country
Published stories attached to Egypt.
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Innovo Construction will build and finish 213 villas and townhouses across two parcels at the Red Sea development under a 27-month contract valued at about EGP 7.1 billion ($132 million).
The National Bank of Egypt is extending a five-year, EGP 975 million facility to developer Mabany Edris to speed up construction of its Koun development on the North Coast, as buyer payment plans stretch far beyond build timelines.
Adeer International, the global investment arm of Saudi Arabia's Sumou Holding Group, has formed a strategic alliance with Hassan Allam, MIDAR and Sumou Investment to develop hospitality projects in Egypt with planned investments of about $2 billion.
MIDAR, master developer of Mostakbal City and MADA in New Cairo, has accelerated construction schedules and will impose financial penalties on developers that breach contractual delivery timelines.
D Developments, a venture between Egyptian investors and Saudi Arabia's Al-Hokail Group, has launched with an initial EGP 15 billion investment portfolio and plans for four projects in Obour City.
Egypt's Ministry of Housing has introduced a first-come, first-served mechanism for investment land that lets companies secure a provisional reservation on eligible plots by paying the full value in US dollars transferred from abroad.
Contractual sales reached about EGP 1.048 trillion in the first nine months of 2026, with Greater Cairo and the North Coast accounting for nearly three-quarters of the market.
Egypt has finalised public-private partnership agreements to build about 20,000 affordable housing units in eight new cities under the Housing for All Egyptians programme, with developers getting land at preferential prices.
The 1896 La Viennoise building at Champollion and Mahmoud Bassiouny streets has entered the latest phase of its restoration, turning its courtyard into a retail and dining space for nine Egyptian businesses.