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Real estates
Egypt’s FRA approves Aldar-ADQ consortium’s MTO to acquire SODIC
The Egyptian Financial Regulatory Authority (FRA) has approved a mandatory tender offer (MTO) submitted by a consortium of Aldar Properties and ADQ to acquire up to 90% and a minimum of 51% of the…
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Coldwell Banker launches its latest franchise programme in Egypt
Coldwell Banker – Egypt, a real estate company, has launched a new franchise programme in Egypt for the first time. This came on the sidelines of its sponsorship of the fourth edition of BiznEX 2021-…
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Orascom Construction reports17% higher profits in 9M
Orascom Construction Plc, listed on the Egyptian Exchange (EGX) and Nasdaq Dubai, reported a 17.1% increase in consolidated net profits attributable to the owners to $76.1 million during the first…
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Madar Development invests EGP 22bn in Egypt’s real estate market
Madar Development announced that the company plans to invest EGP 22bn in real estate projects in Egypt to build modern and luxurious communities, according to Gasser Bahgat the company CEO.
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Orascom Construction consortium to build 500 MW wind farm in Egypt
A consortium, including Orascom Construction PLC and Toyota Tsusho Corporation, has signed a 20-year agreement with the Egyptian Electricity Transmission Company (EETC) to develop and operate a 500 MW…
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Orascom Development’s real estate sales jumped 43.4% to EGP 6.2bn in 9M
Orascom Development Egypt (ODE) has announced its preliminary real estate and hotels’ key performance indicators (KPIs) for the third quarter (Q3) of 2021.
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Tatweer Misr inks deal with Huawei to launch fully connected smart cities
Tatweer Misr has partnered with Huawei Technologies to provide sustainable and smart technological software solutions throughout Tatweer Misr’s projects.
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Aldar-ADQ consortium submits MTO to acquire Egypt’s SODIC
A consortium comprising Aldar Properties and ADQ has submitted an all-cash mandatory tender offer (MTO) to acquire up to 90% and a minimum of 51% of the outstanding share capital of Six of October…
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SODIC, CIB sign a Mortgage Finance Protocol
Leading real estate developer SODIC announced the signing of a collaboration protocol with the Commercial International Bank (CIB), to provide mortgage finance solutions to SODIC customers.
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Orascom lays foundation stone for O West Club, with EGP 800m investments
Orascom Development has laid the foundation stone for the O West Club, which is located in 6th of October City, on an area of 38 feddan.
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