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
Beltone Leasing and Factoring, signed a Sale and Leaseback Agreement with SEKEM Group Worth EGP350 million
Beltone Leasing and Factoring, a subsidiary of Beltone Holding, announces the signing of an EGP350 million sale and leaseback agreement with SEKEM Group, a leading social enterprise focused on sustainable development and organic agriculture in Egypt. This partnership involves the
Egyptian-Gulf alliance launches Mahawer Developments with EGP 7bn investment
An Egyptian-Gulf alliance of three leading real estate developers—SIAG Developments, El Alwy Urban Development, and Misk Development—has launched Mahawer Developments, a new company aimed at investing EGP 7bn in real estate projects across New Damietta and the Delta region. The
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
Boom Room Madinaty Hosts MENALAC Summit to Boost Leisure Tourism in Egypt
Omar Hisham Talaat, Chairman of the American entertainment company that owns the Boom Room brand, emphasized the importance of hosting the MENALAC Egypt Summit
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Housing Ministry considers utilizing NUCA’s assets
Minister of Housing, Utilities, and Urban Communities Sherif El-Sherbiny held a meeting on Sunday with officials from a company specializing in real estate asset management and institutional development. The meeting aimed to discuss proposals for enhancing performance and maximizing the
Seraj Developments expands in residential projects in New Cairo
Seraj Developments plans to expand in New Cairo by acquiring prime land for residential projects, building a strong track record to support future growth into gated communities. Chairperson Mohamed Omara highlighted the company’s entry into real estate in 2016, with