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Published stories attached to Egypt.
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Egyptian commercial developer Everest Properties will build two new office developments, Bureau 59 and Bureau 57, in the Fourth Sector of City Center, New Cairo, with combined investments exceeding EGP 10 billion across 38,000 square metres.
Egyptian platform Property Exit has launched to give buyers, investors and owners a structured way to value real estate assets and plan exits, backed by real estate technology firm Gateway Financials.
Awaed Real Estate Investment Fund has closed a second issuance worth EGP 1.77 billion (USD 31.6 million), with the proceeds earmarked for income-generating assets in Madinaty and Al Rehab.
Egypt's government has signed agreements with private developers to deliver about 20,000 housing units for low-income families, with 80 per cent of each project reserved for subsidised buyers and the rest sold at market prices.
Grova Developments has awarded Hassan Allam Construction a further $500 million in works for Phase II of EastHills, adding 334 acres and lifting the project's combined construction contracts above $1 billion.
Deyaar Construction and Development chairperson Hany Farag says buyers should receive a complete cost breakdown covering finishing, maintenance and service charges, not just the advertised price.
Oria Developments has launched Kenan, a EGP 2.5bn residential scheme on nine feddans in New Zayed opposite Sphinx International Airport, with construction due to start in the first quarter of 2027.
Egypt's foreign minister has received a letter from Archbishop Symeon approving a contract covering St Catherine's Monastery and the surrounding land, with the agreement to be signed once a ceremony date is set.
Hassan Allam Utilities, the Alexandria Port Authority and Al Tarek Capital have agreed to assess developing an integrated logistics hub across roughly 273,000 square metres at Dekheila Port.