Real Estate News
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The Egyptian Proptech Startup Changing the Way We Buy Homes
Since 2022, Partment has enabled users to co-own a second home in some of the top destinations in Egypt and Greece.
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Talaat Moustafa Group and Faisal Al-Rasheed Group Partner to Open Two “Al-Nasser” Branches in Madinaty and Al-Rehab
This collaboration will see the opening of two new branches of the renowned “Al-Nasser” brand, one in Madinaty and another in Al-Rehab.
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B Investments approves share swap ratio value for Orascom Financial Holding acquisition
The acquisition, which will see B Investments purchase up to 90% of OFH, was announced back in June.
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Egypt: President El-Sisi Follows up on New Cities Projects
The President gave directives to complete the new projects within the specified time frame and to ensure that the new cities represent a real addition
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‘Eight Developments’ is now ‘Town Writers’
With the success achieved by Town Writers in the Egyptian real estate market over the past years, the rebranding signifies a new era in its journey.
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Schneider Electric and Redcon Properties Forge Sustainable Partnership in Egypt
This landmark agreement signifies a significant stride toward creating a blueprint for smart and sustainable communities within Egypt.
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Egypt considers EGP 8 bln partnership offers in real estate sector: Minister
The Egyptian government is currently reviewing partnership offers worth EGP 8 billion ($258 million) from investors in the real estate sector.
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SAK Developments executes 3 projects in New Capital
Kadri said that the company has completed the excavation and replacement operations for The V Hub Mall.
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How artificial intelligence conquers Egypt's construction industry
AI is revolutionizing the construction industry, enhancing design, optimizing project management, and tackling skilled workforce shortages.
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Orascom Construction reports consolidated backlog of $6.9bln in 9 months
The company’s consolidated revenues fell 22.5% YoY to $2.365 billion from $3.053 billion.
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Egypt's currency dilemma spurs real estate export revival
The Egyptian government is wrapping up an initiative to sell real estate units in foreign currency to foreigners and expats.
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Egypt’s Administrative Capital Company targets EGP 26 bln in profits by end of 2023
Egypt's Administrative Capital for Urban Development Company (ACUD) targets a projected profit of EGP 26 billion by the end of 2023.
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Egypt's new USD real estate sales initiative: Top 10 facts
Egyptian Prime Minister Mostafa Madbouly has proposed an initiative for selling real estate units in USD to increase foreign reserves.
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Egypt: Pioneers Properties logs higher consolidated profits in 9M-23
Revenues amounted to EGP 4.04 billion in 9M-23, up 5.13% from EGP 3.84 billion during the nine-month period that ended on 30 September 2022.
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Saudi Arabia’s FAS to invest $1.5B across sectors in Egypt in 2024
The investment will be across the energy, real estate, and infrastructure sectors in Egypt.
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Japanese Delegation Visits New Alamein City to Review Investment Opportunities
At the beginning of the visit, an explanatory video was shown that included all the projects, investment opportunities available in the city.
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Emaar Misr implements Salesforce CRM, Nedap ID system at Marassi Egypt’s smart city
This has enabled Marassi to deliver greater convenience to its 30,000-plus residents and 100,000-plus monthly visitors.
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Zahraa Maadi reports 1.3% YoY profit uptick in 9 months: Egypt
The listed firm is involved in the construction and development of residential and commercial buildings.
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Egypt's New Administrative Capital Company set to award planning for 2nd phase next month
ACUD is poised to announce the winner of the bid for the planning of the second phase of the new capital within the next month.
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Government plans to sell HHD to strategic investor
The evaluation process has estimated the HHD’s value at around EGP 20bn, while the current market capitalization of the company is about EGP 15.9bn.