News by Country
Published stories attached to Egypt.
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The Cabinet pushed the window for old-rent tenants seeking alternative housing units into the new year, and approved a six-month cut in electricity consumption charges for coded meters.
The European Bank for Reconstruction and Development is leading a US$265 million syndicated package for ADD Properties, part of Sami Saad Holding, to modernise its hospitality portfolio and build a Grand Hyatt in West Cairo.
Egyptian commercial developer Everest Properties will build two new office developments, Bureau 59 and Bureau 57, in the Fourth Sector of City Center, New Cairo, with combined investments exceeding EGP 10 billion across 38,000 square metres.
Egyptian platform Property Exit has launched to give buyers, investors and owners a structured way to value real estate assets and plan exits, backed by real estate technology firm Gateway Financials.
Awaed Real Estate Investment Fund has closed a second issuance worth EGP 1.77 billion (USD 31.6 million), with the proceeds earmarked for income-generating assets in Madinaty and Al Rehab.
Egypt's government has signed agreements with private developers to deliver about 20,000 housing units for low-income families, with 80 per cent of each project reserved for subsidised buyers and the rest sold at market prices.
Grova Developments has awarded Hassan Allam Construction a further $500 million in works for Phase II of EastHills, adding 334 acres and lifting the project's combined construction contracts above $1 billion.
Deyaar Construction and Development chairperson Hany Farag says buyers should receive a complete cost breakdown covering finishing, maintenance and service charges, not just the advertised price.
Oria Developments has launched Kenan, a EGP 2.5bn residential scheme on nine feddans in New Zayed opposite Sphinx International Airport, with construction due to start in the first quarter of 2027.