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Real estates
Mardev Developments launches Menorca compound’s 3rd phase at NAC
Mardev Developments has launched the third phase of its Menorca compound project, located in the R8 district of the New Administrative Capital (NAC), the company’s CEO Mohamed Zohdy revealed.
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Mortgage Finance Fund approves EGP 42bn budget for FY 2021/22
The Social Housing and Mortgage Finance Fund (SHMFF), chaired by Minister of Housing, Utilities and Urban Communities Assem El Gazzar, has approved its EGP 42bn draft budget for next fiscal year (FY)…
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Orascom Construction to build Magdi Yacoub Global Heart Centre
Orascom Construction has been chosen by the Magdi Yacoub Heart Foundation to construct the Magdi Yacoub Global Heart Centre in Egypt’s 6th of October City.
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Implementation of controversial property registration law will be delayed 2 years on Sisi orders
President Abdel Fattah al-Sisi ordered has ordered delaying the enforcement of the recent controversial amendments to the real estate law for a period of no less than two years to allow time for…
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Egypt’s Heliopolis Housing postpones land auction to 31 March
Heliopolis Company for Housing and Development postponed the sealed-envelope auction to sell two lands plots dedicated for residential use in New Heliopolis City to 31 March.
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Abu Dhabi’s Aldar Properties to invest in Egyptian real estate market in 2021
The UAE Aldar Properties Company sees great opportunities in the real estate market in Egypt, and intends to enter it during 2021, according to CEO of the company Talal Al-Dhiyebi.
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New capital should reflect image of the ‘new Egyptian state’, Egypt’s President
Egyptian President Abdel-Fattah al-Sisi has said that the country’s New Administrative Capital (NAC) should reflect the new Egyptian state' image, and called for construction at the capital to…
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Al Futtaim plans $2.2bn investments in Egypt’s CFC over two years
Group Director of Al-Futtaim Malls Timothy Earnest said that the group aims to invest EGP 2.2 billion in Cairo Festival City Mall in eastern Cairo during 2021 and 2022.
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CI Capital raises its assessment of TMG’s shares on Capital Gardens project
Egyptian investment bank CI Capital raises its assessment for the target price (TP) of Talaat Moustafa Group Holding (TMG Holding) by 50 percent as Egyptian investment bank CI Capital raises its…
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Egypt finishes 689 housing projects with EGP 72.6bn Investment in last two FYs
689 projects have been completed in the housing sector across Egypt, according to Minister of Planning and Economic Development Hala El-Saeed.
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