Madinet Masr, announced the launch of ETAJE, its latest residential and mixed-used project located on the final residential plot within Taj City in New Cairo. The launch marks a significant milestone in the development of Taj City and reflects the company’s commitment to delivering diverse residential offerings that address evolving customer needs and provide integrated living experiences. Strategically located directly on the Ring Road within Taj City, ETAJE offers convenient connectivity to key destinations across Greater Cairo. Spanning approximately 26.4 feddans, the project has been thoughtfully master-planned across three distinct parcels to create a balanced and integrated residential community supported…
Author: Basant Elnegmy
Ora Iraq has officially transitioned the “Al-Ward City” development into its structural construction phase by awarding the primary building contract for Phase 1 to Construction & Reconstruction Engineering Company – Dorra (CRC Dorra). The signing ceremony was attended by Naguib Sawiris, Chairman of Ora, alongside Mohamed Dorra, Vice Chairman of Dorra Group. This agreement marks a key operational step, reflecting Ora’s strategy of partnering with established international contractors to realize its architectural vision in Iraq. Site Preparation Completed to Pave Way for Building Works The agreement follows the completion of initial site prep works by Chinese contractor PowerChina, which executed…
Madinet Masr (E announced the award of new construction works for Origami in Taj City to several specialized contractors, with a total value of approximately EGP 1.38 billion. The contracts form part of the company’s ongoing construction program and reflect its continued progress in executing its development plans across its portfolio in line with targeted project timelines. Madinet Masr aims to award construction contracts worth approximately EGP 18 billion during 2026, of which approximately EGP 9.8 billion has been awarded to date, reflecting the company’s continued progress in executing its development plans across its project portfolio. Origami features a diverse…
Egyptian Company for Cosmetics (ECC), a leading Egyptian manufacturer of cosmetics and nutritional supplements, showcased its capabilities in innovation, manufacturing, and product development during the 11th edition of the International Cosmetic Congress & Exhibition 2026 (ICCE 2026). The event brought together leading experts and specialists from Egypt and around the world across aesthetic medicine, cosmetic surgery, and dermatology, alongside companies and institutions operating across the cosmetics, dermatology, and medical technology sectors. ECC is advancing a business transformation strategy through 2028, supported by an EGP 2 billion investment plan to evolve the company into an integrated industrial platform spanning R&D, manufacturing,…
Otis, the world’s leading elevator and escalator manufacturing, installation, service and modernization company, celebrated 70 years of operations in the Egyptian market, reaffirming its long-term commitment to the country and its continued focus on providing integrated vertical mobility solutions that address the needs of the real estate, residential, hospitality, commercial, healthcare and infrastructure sectors. The milestone comes at a time when Egypt is witnessing significant urban expansion, with the growth of residential and commercial communities, mixed-use developments and new cities, further increasing the need for advanced solutions that combine safety, reliability, operational efficiency, and technology. Otis’ strategy in Egypt is…
EMTELAAK Group welcomed the Financial Regulatory Authority’s (FRA) decision to grant EMTELAAK Real Estate Projects Fund Company a license to operate a real estate investment fund, marking a new step in the group’s strategy to develop regulated investment products linked to the real estate sector. The group aims to introduce investment tools based on governance, transparency, and disclosure, providing investors with clear information about the nature of assets, potential sources of returns, investment periods, associated risks, expenses, and available exit mechanisms. Magdy El Yamany, Chairman of EMTELAAK Real Estate Projects Fund Company, said the license represents an important milestone in…
Madinet Masr, announced the official introduction of its subsidiary, Doors Real Estate, to the market as part of the Company’s broader strategy to build an integrated ecosystem spanning the real estate value chain. Established on 1 April 2024, Doors Real Estate has rapidly built a strong presence in the Egyptian real estate market, generating EGP 122 billion in cumulative sales since inception and establishing itself as one of Egypt’s leading real estate brokerage companies. Building on its growth in Egypt, Doors Real Estate expanded its regional footprint in 2026 with the opening of its branch in Saudi Arabia, marking an…
SODIC continues to develop SODIC East, a 655-acre residential project, as parts of the development enter the operational stage and become an active community. So far, 1,475 residential units have been delivered across eight residential districts. Construction and development work is also progressing across several residential, commercial, and service components, with different areas of the project moving through various stages of completion according to their respective construction and delivery schedules. What Are the Construction Completion Rates Across SODIC East? Development work has been fully completed in five districts: Ivy, Jade, Gardenia, Azailya, and Camellia, while the completion rate in Orchid…
QORE announced its official launch in the Egyptian market and its entry into the real estate development sector for the first time, building on more than three decades of experience in construction, infrastructure, and manufacturing. The company aims to leverage its accumulated expertise and capabilities to establish an integrated real estate development platform that supports its growth and expansion plans in the coming period. As part of its launch, QORE unveiled “Maydan,” its first real estate development project in 6th of October City. The company also announced the signing of a series of strategic partnerships with Inversion, Hafez Consultants, and…
Al-Futtaim, one of the most diversified and progressive privately held regional businesses and owner of Cairo Festival City Mall, and Fawry, one of Egypt’s leading financial technology companies, have entered into a strategic partnership to create an integrated digital commerce ecosystem at Cairo Festival City Mall, connecting payments, rewards, customer engagement, and flexible payment solutions. Welcoming 18.5 million visitors annually and home to more than 265 retail, dining and entertainment brands, Cairo Festival City Mall is one of Egypt’s leading super-regional malls. Its scale, diverse tenant mix and strong customer base provide a compelling platform for Al-Futtaim and Fawry to introduce…
Madinet Masr, announced its first-ever entry into Egypt’s North Coast through AMAR by Madinet Masr, in collaboration with Reedy Development, marking a significant milestone in the company’s growth journey and geographic expansion strategy. AMAR is a new Urban Realization Platform by Madinet Masr, created to unlock real estate opportunities through a more flexible and capital-efficient model. By leveraging Madinet Masr’s established capabilities and subsidiaries, while collaborating with a broader ecosystem of market players, AMAR structures each opportunity around the right combination of land, capital, partners, capabilities and operating models, while applying a consistent proprietary framework of standards and governance. This…
UAE’s E20 Investment has signed a memorandum of understanding (MoU) with EDAFA Venture to explore cooperation and investment opportunities in agriculture, aquaculture, food security, and related technologies, while supporting startups developing innovative solutions for these sectors. The MoU brings together E20 Investment’s expertise across various phases of the agribusiness value chain and EDAFA Venture’s experience in investing in and supporting promising early-stage startups. This combination will facilitate efforts to translate innovations and emerging technologies into practical, scalable solutions. Under the MoU, the two companies will explore cooperation opportunities with startups developing technologies and business models aimed at addressing challenges in…
The latest milestone takes Arady Misr’s proposed land-investment model from market concept into legal structuring and regulatory preparation ahead of the applicable FRA approval process. Arady Misr is moving forward with the next phase of Arady Shares, taking its proposed land-investment model from an announced market concept into legal structuring and regulatory preparation ahead of implementation. The latest milestone follows Arady Misr’s earlier unveiling of Arady Shares and marks the beginning of the work required to establish the legal and regulatory foundations of the model. As part of this phase, Dreny & Partners Attorneys at Law has been appointed as…
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…
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…