Striving to digitize real estate appraisal nationwide: FRA Chairperson
Mohamed Farid, Chairperson of the Financial Regulatory Authority (FRA), highlighted the Authority’s ongoing efforts to digitize real estate appraisal by developing electronic applications to assist appraisers in various regions. These applications will include all the necessary details for issuing appraisal
Madinet Masr, GTCI partner to invest over EGP 263m in Taj City infrastructure
Egyptian real estate developer Madinet Masr has entered a strategic partnership with GTCI Constructors for Energy and Infrastructure Projects, a subsidiary of Al Tawakol Group, to invest more than EGP 263m in advancing the infrastructure of Taj City, a mixed-use
Tameer Egypt unveils Urban Business Lane mega-project in New Cairo
Tameer Egypt has officially launched its ambitious new mega-project, Urban Business Lane (UBL), a sprawling investment business complex covering over 155,000 sqm in New Cairo. As a key part of the UrbanWalk master plan, UBL represents a major step forward
Hisham Talaat Moustafa acquired 500,000 shares in TMG
Talaat Moustafa Holding Group (TMG) has announced that its CEO and Managing Director, Hisham Talaat Moustafa, purchased 500,000 of the company’s shares during trading on Sunday. The company affirms its commitment to all relevant listing and disclosure regulations. This announcement
Nile Developments launches 2nd phase of Nile Boulevard with EGP 2.5bn sales target
Nile Developments has officially launched the second phase of its flagship Nile Boulevard project in New Cairo, named Francia, with a EGP 2.5bn sales target. Mohamed Taher, Chairperson of Nile Developments, confirmed that the project has received the necessary ministerial
Bonyan expands portfolio with acquisition of Grade A office building in New Cairo
Bonyan for Development and Trade, a leading independent real estate investment company, has successfully acquired an 8,178 sqm Grade A office building at Park Street Edition in New Cairo. The deal, finalized in December 2024, strengthens Bonyan’s position in one
CIB leads syndicated loan of EGP 9bn for Madinet Masr in partnership with 6 banks
The Commercial International Bank—Egypt (CIB), acting as the lead arranger and financier, has successfully arranged a syndicated loan worth EGP 9bn for Madinet Masr Housing and Development Company, a key player in Egypt’s real estate sector. This loan, which spans
Madinet Masr unveils SAFE for fractional ownership, offering secure, seamless investment returns
Egypt’s real estate developer Madinet Masr has launched SAFE, an innovative application developed by Madinet Masr Innovation Labs. This app is set to revolutionize real estate investment by introducing a transformative approach to fractional ownership, enabling multiple stakeholders to own
TMG sales exceed $10bn in 2024 solidifying regional real estate leadership
Talaat Moustafa Holding Group (TMG) has reported record sales for 2024, exceeding EGP 0.5trn, or approximately $10bn, by December 22. This figure marks a significant milestone for the company, solidifying its position as a leading real estate developer in Egypt
MIDAR invests $7bn in Mostakbal City, plans for local, regional expansion targeting $14bn
MIDAR for Investment and Urban Development, the founding and master developer of Mostakbal City and MADA in East Cairo, is reinforcing its leadership in Egypt’s real estate development sector with ambitious expansion plans. These initiatives are part of a broader