Nations of Sky sells out first two phases of SkyRidge Executives
Nations of Sky, the real estate development arm of the Future of Egypt Authority for Sustainable Development, has announced the full sell-out of the first two phases of its SkyRidge Executives project in Cairo’s Sheraton district, as construction works continue
Egypt’s TMG launches global Sylvester Stallone campaign for EGP 1.6 trillion SouthMed project (video)
Egypt’s Talaat Moustafa Group Holding (TMG) has launched a global promotional campaign fronted by Hollywood actor Sylvester Stallone for its SouthMed tourism project, a development with investments nearing EGP 1 trillion and anticipated sales of EGP 1.6 trillion (approximately $35bn).
Egypt’s North Coast residential prices soar 390% amid investment boom: JLL
Egypt’s North Coast is rapidly emerging as a sophisticated investment destination for luxury residential and hospitality developments, driven by large-scale infrastructure projects, government-backed master planning and growing international investor interest, according to a new report by JLL. In its latest
NBE arranges EGP 1.42bn syndicated facility for Al Qamzi’s SEAZEN project
The National Bank of Egypt (NBE) has arranged a syndicated financing facility worth EGP 1.42bn for Al Qamzi Developments to finance part of the investment costs for the first and second phases of the SEAZEN project on Egypt’s North Coast.
Government to channel major share of Qatar deal proceeds toward debt reduction: Finance Minister
Finance Minister Ahmed Kouchouk affirmed that the government remains committed to directing a substantial portion of proceeds from major investment deals toward reducing public debt. He noted that Egypt has successfully cut budget-sector debt by about 10% of GDP over
Reportage Egypt targets EGP 6bn in sales for 2025
Reportage Egypt aims to achieve EGP 6bn in sales in 2025, doubling its success from the previous year, according to Eslam Hammam, Regional Chief Commercial Officer at Reportage Properties. The company recorded EGP 3bn in sales from its flagship project,
Egypt allocates EGP 6bn in compensation for Ras El-Hekma residents
Prime Minister Mostafa Madbouly chaired a meeting on Tuesday to assess the latest developments in the Ras El-Hekma development project in Matrouh’s North Coast. Attendees included Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel El-Wazir,
Misr Italia Properties Achieves EGP 4bn in Sales for January 2025
Misr Italia Properties recorded EGP 4bn in sales in January 2025, marking an impressive 200% growth compared to the same period last year. This strong performance is seen as a key step toward meeting the company’s first-quarter targets, with expectations
Egypt, France strengthen tourism, antiquities cooperation
Sherif Fathy, Egypt’s Minister of Tourism and Antiquities, met with Eric Chevalier, the French Ambassador to Cairo, at the ministry’s headquarters in the New Administrative Capital to discuss enhancing Egyptian-French cooperation in tourism and antiquities. Discussions included strategies to increase
Qatar Businessmen Association expresses readiness to invest in Egypt
Egypt’s Prime Minister Mostafa Madbouly met Sunday with a delegation from the Qatar Businessmen Association (QBA). It was led by Hussein Ibrahim Al-Fardan, First Vice Chairperson of the QBA, along with Amr Al-Sherbiny, Egypt’s Ambassador to Qatar, and Nasser Fawzy,