In a move underscoring its commitment to construction schedules and accelerated execution rates, Modon Developments has announced significant construction progress at its flagship investment project, Green River Tower, located in the New Administrative Capital (NAC). The company has successfully completed 52% of the tower’s construction works, supported by investments of approximately EGP 1 billion injected into the project to date, out of total targeted investments estimated at EGP 5 billion. Eng. Gehad Fathy, Director of Projects in the New Administrative Capital at Modon Developments, said construction works are progressing accurately and at an accelerated pace, with the company targeting full…
Author: Basant Elnegmy
As part of its ambitious expansion strategy in the heart of New Cairo, Modon Developments has revealed major construction and investment details for its mixed-use Boutique Village project, located in the Golden Square area. The move reflects the company’s commitment to accelerating construction works and injecting substantial liquidity to ensure that units are delivered according to the scheduled timelines. Record Investment Injection and Year-End Targets The company revealed that the total investment allocated to Boutique Village amounts to EGP 15 billion. To accelerate construction progress on the ground, Modon Developments plans to inject approximately EGP 10 billion…
Modon Developments has announced the key features of its ambitious investment and construction strategy in the Egyptian real estate market, targeting investments of up to EGP 16.5 billion in the construction of three major projects across East and West Cairo over the next three years. The strategy forms a key part of the company’s plans to expand its business and strengthen its presence in the Egyptian real estate market. Ahmed Osama, Executive Director of Modon Developments, said the company’s current project portfolio comprises around 11 strategic developments located across East and West Cairo and the North Coast. …
Aqar Exit, a digital platform specializing in property assignments, has launched Egypt’s first index tracking the property assignment market, in a move aimed at monitoring existing real estate contracts and analyzing trends in supply, demand, liquidity, and purchasing power. The index is based on preliminary data recorded on the platform between August 8 and September 5, 2026. Dr. Mahmoud Ammar, Founder and CEO of Aqar Exit, said the launch of the index comes in response to the growing need for more accurate and reliable data on Egypt’s property assignment market, particularly as transactions involving existing contracts continue to gain momentum.…
Uptown 6 October, a leader in the Egyptian real estate sector, has announced the acceleration of construction activities across its projects within “Uptown 6 October City,” with intensified concrete structural work and building progressing across the initial residential phases. This acceleration coincides with the launch of an integrated ready-mix concrete batching plant, building material production lines, fabrication workshops, and strategic on-site storage facilities for steel and cement. these facilities build upon the city’s infrastructure, which has already been 100% completed, providing a solid foundation for the current construction phase. This development is part of the Group’s strategy to enhance operational…
Property Finder, Coldwell Banker Egypt, Al Ahly Sabbour, and Beltone Mortgage have combined their expertise for the first time in Egypt to deliver an integrated Open House experience, bringing property discovery, selection, lifestyle, and financing together in one seamless journey. Taking place from August 27 to 29, 2026, the three-day experience will be hosted at a fully furnished, move-in-ready home located on the first row by the sea in Amwaj, North Coast. Visitors will also have the opportunity to explore more than 1,000 ready-to-move-in units across a number of Al Ahly Sabbour developments, while engaging directly with sales and mortgage…
Vantage Developments has announced the launch of its new payment system, Smart Curve Payment, reflecting the company’s commitment to providing more flexible and innovative real estate solutions that respond to shifts in customer purchasing behavior amid evolving market and economic conditions. The new system adopts a flexible model that structures payments around the different stages of the customer’s use and ownership of the unit. The payment curve starts with lower installments before handover, increases as the customer begins to benefit from the unit, then decreases again in later stages, providing greater financial flexibility over the long term. Vantage Developments developed…
MA Group, one of Egypt’s emerging real estate developers, has announced the signing of an exclusive strategic partnership with Meadis, a leading specialist in commercial development, destination management, operations, and strategic advisory services, to develop and implement the operational vision for the company’s commercial portfolio in West Cairo. The partnership marks another milestone in MA Group’s strategy to deliver fully integrated developments where operational excellence is embedded from the earliest planning stages, creating vibrant mixed-use destinations that generate sustainable value for investors, tenants, and end users. The agreement was signed by Eng. Mohamed Ayoub, Chairman and Founder of MA Group,…
e& UAE has activated 1024QAM modulation across its live commercial 5.5G network, recording peak download speeds of 4.58 Gbps in a demonstration that the operator described as a regional first. The test was conducted using the Huawei Pura 90s smartphone, one of the first commercially available handsets to support the higher-order modulation technology. The development highlights the growing interdependence between advanced network infrastructure and compatible devices capable of taking advantage of its enhanced capabilities. Higher-Order Modulation Boosts Network Efficiency 1024QAM enables more data to be transmitted within each wireless signal compared with the more widely used 256QAM standard. By increasing…
Qatari Diar Egypt, one of the world’s leading real estate developers, hosted a site visit to its landmark Alam Al Roum project on Egypt’s North Coast, attended by a distinguished group of international partners responsible for developing the project’s master plan. The visit was led by Skidmore, Owings & Merrill (SOM), one of the world’s foremost architecture, engineering, and urban planning firms, appointed to develop the project’s master plan. The visit formed part of the company’s efforts to showcase the project’s vision of creating one of Egypt’s most prominent coastal communities. Alam Al Roum is envisioned as a fully integrated…
Redcon Properties, in collaboration with the 2043 Project and TPP Network, and sponsored by e& Business, hosted the “Egypt’s Intelligence Economy Moment: A 2043 Live Roundtable” at the second phase of its flagship project; Golden Gate in New Cairo. H.E. Ahmed Kouchouk, Minister of Finance attended the roundtable, alongside a distinguished group of senior government officials, industry experts, business leaders, and policymakers. The discussions addressed the future of the AI-driven economy and the opportunities for localizing its associated value chains in Egypt. Featuring two panel discussions, the event’s first discussion explored AI value chains and digital infrastructure, with participation of…
City Edge Developments announced the signing of a strategic partnership with NEO WELL, owner and operator of BR Club, to open a new BR Club branch at Etapa Square Mall in Sheikh Zayed City. This step reflects the company’s strategy to enhance its mixed-use projects with an integrated ecosystem of services and experiences that elevate quality of life, meet customers’ aspirations, and keep pace with the latest modern lifestyle trends. The agreement was signed during an official ceremony attended by senior executives from City Edge Developments and NEO WELL, alongside a number of brand representatives at Etapa Square Mall and…
Madinet Masr announced that Eng. Abdallah Sallam, President and CEO, has been named to among CNBC Arabia’s Top 100 Business Leaders List for 2026. The prestigious list recognizes an elite group of chairpersons, chief executive officers, and founders leading some of the Middle East’s largest and most influential companies. The recognition reflects Eng. Abdallah Sallam’s distinguished leadership, and his pivotal role in driving Madinet Masr’s growth, strengthening its position within Egypt’s real estate development sector, and advancing the company’s long-term growth strategy and regional expansion. This sustained performance is reflected in Madinet Masr’s share price, which surged by 97% from…
Abu Dhabi-based Modon Holding and Nammos Hotels & Resorts have announced Nammos Ras El Hekma – the renowned lifestyle and hospitality brand’s first fully integrated destination in Egypt. Located within the Wadi Yemm precinct, the development will bring Ras El Hekma’s promise of timeless Mediterranean living to life, combining Nammos Residences, Nammos Resort, Nammos Village, and a curated selection of all-day dining and wellness experiences, including the globally renowned Nammos Restaurant & Beach Club. Nammos Ras El Hekma represents a new expression of contemporary Mediterranean luxury. Reflecting both the natural beauty of Egypt’s North Coast and the refined yet vibrant…
Dwight School Cairo welcomed founding and prospective families for an engaging discussion on the future of education, moderated by Henning Fries, Chief Operating Officer (COO) of Dwight School Cairo, who led a conversation with Dr. Blake Spahn, Vice Chancellor of Dwight Schools, and Tom Ferguson, Founding Head of Dwight School Cairo. The event explored how schools must evolve to prepare students for a world increasingly shaped by artificial intelligence, technological disruption, and rapidly changing career landscapes. Bringing together Dwight’s global educational expertise with Egypt’s growing demand for world-class international education, the evening focused on the skills, mindsets, and learning experiences…
GlobalCorp Financial Services has secured US$15 million (approximately EGP 795 million) in financing from the European Bank for Reconstruction and Development (EBRD) to strengthen its financial position and support the expansion of its financing activities for micro, small and medium enterprises (MSMEs). The financing will enable the company to further broaden its reach, with a particular focus on expanding its presence beyond Greater Cairo and improving access to finance for underserved businesses across Egypt. According to the EBRD’s project disclosure, the financing has been approved as a senior loan under the Bank’s Financial Intermediaries Framework. The facility strengthens GlobalCorp’s balance…
Driven by its strategic vision to enhance the integrated services across its various developments, Hyde Park Developments, a leading company in developing integrated communities in Egypt, has announced the signing of a partnership agreement with El Safa Hospitals to establish the SAFA MEDI.PLEX medical complex at Hyde Park New Cairo. Aiming to deliver a comprehensive range of advanced healthcare services to the project’s residents, the new medical complex will enhance their quality of life and provide seamless access to high-quality medical care within the development. SAFA MEDI.PLEX, a subsidiary of El Safa Hospitals, will be responsible for operating and managing…
Property Finder Egypt, a leading regional Proptech platform, signed a cooperation protocol with the General Organization for Export and Import Control (GOEIC) to license real estate brokers and bring Egypt’s brokerage market under formal regulation. The agreement arrives ahead of July 2026 deadline for brokers to regularize their status under Law No. 21 of 2022, which amends the regulation of commercial agency work and certain commercial brokerage and real estate brokerage activities. The law mandates that all practitioners obtain government issued licenses to continue operations. Under the protocol, Property Finder Egypt will support delivering training and qualification programs in coordination…
Methaq Arab Group (MAG) has appointed Ahmed Mamdouh as its Chief Commercial Officer (CCO), marking a strategic step to further strengthen the company’s commercial leadership and support its ambitious expansion plans. The appointment comes as the MAG continues to advance La Reva Signature Residence, its flagship luxury residential development in Egypt’s New Capital. Mamdouh brings more than 12 years of experience in real estate sector, with a proven track record in commercial strategy, sales leadership, and business development across both the Egyptian and UAE markets. Throughout his career, he has led high-performing commercial teams, driven sustained sales growth, and played…
Schneider Electric, a global energy technology leader, announced the launch of the second phase of its Energy Efficiency Audits Initiative, expanding its impact beyond industrial facilities to support energy optimization and decarbonization across Egypt’s building sector. Building on the success of the initiative’s first phase, which demonstrated the significant environmental and economic value of energy efficiency across major industrial facilities, the new phase will provide 26 fully funded energy audits for buildings across key sectors including commercial, real estate, hospitality, healthcare, retail, and public institutions. The second phase addresses one of the largest untapped opportunities for decarbonization and operational optimization, helping…