Abu Dhabi Tourism Investments Company has announced the completion of the first phase of renovation works at Mercure Hurghada Hotel. The phase included upgrading the arrival and guest reception areas, as well as introducing a new lobby, as part of preparations for the Christmas and New Year holiday season ahead of the hotel’s rebranding to Mövenpick at the beginning of 2027. The completed renovations aim to enhance the guest experience from the moment of arrival by modernizing key facilities and improving service standards. The upgrades come as the company anticipates strong demand during the holiday season, with occupancy rates across…
Author: Basant Elnegmy
Midyan Developments, Egypt’s first versatile real estate developer operating under the built-to-own model, has unveiled its 2027-2030 growth strategy, marking the next phase of the group’s expansion, building on its existing K-12 education, university education and healthcare portfolio. The strategy focuses on entering new asset classes and geographic locations, with a target of adding one asset to MIDYAN’s operating portfolio each year. MIDYAN’s strategy aligns with Egypt’s priorities in education and healthcare, both of which are essential to developing human capital, improving quality of life and supporting sustainable development. Through its investments in K-12 education, university education and healthcare, the…
Orascom Real Estate, a leading developer of integrated towns, has inaugurated Phase 1 of O West Sports Club in the presence of Gohar Nabil, Minister of Youth and Sports. The opening marks a major addition to O West’s sports and community facilities, bringing swimming pools, courts, football pitches and children’s sports programmes together in a destination designed around families. The ceremony brought together government representatives, national and international sports leaders, senior executives from Orascom Development and Orascom Real Estate, and representatives of Blue Ribbon, the club’s operator. The club spans 26 feddans across two phases, with 17 feddans dedicated to…
Beltone Asset Management, a subsidiary of Beltone Holding and Amtaar Capital have announced their partnership on a multi issuance real estate investment fund, which is currently under establishment, with total targeted issuances of EGP 2 billion. The fund’s first issuance is expected to range between EGP 500 million and EGP 700 million. Under the structure, Beltone Asset Management will establish and manage the fund and oversee asset selection in line with its investment strategy, while Amtaar Capital will provide the digital platform through which investors can access the investment opportunity for the fund’s first issuance. The fund will enable investors…
Eng. Ahmed Abouzaid, Chairman of Uptown 6 October Group, called for the draft real estate development law, currently being discussed under the title of the “Real Estate Developers’ Union Law,” to be reframed, stressing that the real legislative challenge goes beyond establishing or regulating a professional body for developers and requires an integrated legislative framework governing the real estate market, all of its stakeholders, and the relationships between them. Abouzaid said: “Referring to the proposed legislation as the Real Estate Developers’ Union Law does not reflect the full scope of the issue or the scale of the challenges facing the…
Regent Signature Developments organized a media tour for journalists and media representatives at The Vie West Cairo, coinciding with the project’s official launch. The tour introduced the company’s vision and showcased the project’s key components, placing health, wellbeing, and quality of life at the heart of the residential experience. The Vie West Cairo introduces a distinctive approach to real estate development by integrating health and wellbeing, hospitality, nature, water, culture, and services within one integrated community. Wellness is embedded into the project’s planning and everyday living experience rather than being treated simply as a collection of additional amenities. Spanning 40…
Times Developments, a real estate development company, has announced the launch of its Avelin Boutique project in partnership with Lemon Spaces, a company specializing in the management and development of modern hospitality spaces. The partnership aims to operate and manage 150 serviced apartments within Avelin in New Cairo, offering an innovative residential and hospitality experience that combines advanced infrastructure with modern, technology- and AI-driven hospitality solutions. The project, with total investments exceeding EGP 3bn, is expected to enhance its value proposition and meet the growing demand for luxury hospitality properties. The partnership comes as Times Developments has completed 30% of…
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…
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…