PM Madbouly reviews progress of Ras El Hekma megaproject with Modon Holding
Egyptian Prime Minister Mostafa Madbouly met with Jassem Al Zaabi, Chairperson of Modon Holding, to review progress on the implementation of the Ras El Hekma megaproject on Egypt’s northwestern Mediterranean coast. The meeting, held at the government headquarters in the
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
Egypt’s real estate market enters 2026 with greater maturity after year of ‘repositioning’: arD
The Association of Real Estate Developers (arD) has released its first annual report reviewing the performance of Egypt’s real estate market in 2025 and outlining expectations and policy recommendations for 2026. Based on insights from senior industry leaders and members
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
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,
Prime Minister reviews Ras El-Hekma masterplan with Modon Holding Leadership
Prime Minister Mostafa Madbouly met on Sunday with Jassem Mohamed Bu Ataba Al Zaabi, Chairperson of Modon Holding, and Bill O’Regan, Group CEO of Modon Holding, to discuss the latest developments in the masterplan for Ras El-Hekma City on Egypt’s
PM Madbouly meets Emirati ministers to review joint Egypt-UAE projects
Prime Minister Mostafa Madbouly held a high-level meeting on Sunday to assess the progress of joint projects between Egypt and the UAE. The meeting was attended by Vice Prime Minister for Industrial Development and Minister of Industry and Transport Kamel
CBE reveals developments in Egypt’s external debt as of June 2024
Egypt’s external debt reached $152.9bn in June 2024, marking a decrease of approximately $11.8bn (7.2%) compared to June 2023. This decline resulted from several factors, including the conversion of around $11bn in UAE deposits at the CBE into investments for
2024: Defining year for Egypt’s real estate market – key developments, emerging trends
Egypt’s real estate market experienced substantial developments in 2024, as economic challenges intensified with fluctuations in exchange rates and rising inflation. These factors significantly impacted the purchasing power of citizens and investors. Despite these hurdles, the sector demonstrated resilience, supported
Modon Holding, Hassan Allam explore collaboration in Ras El-Hekma projects
Modon Holding has announced a strategic partnership with Hassan Allam Holding, to explore collaboration across large-scale construction projects in Egypt. The memorandum of understanding aims to enhance cooperation in the construction sector, including infrastructure, energy, and water and wastewater treatment.