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…
Author: Basant Elnegmy
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…
Madinet Masr, has announced the purchase of treasury stocks, which was approved by the Board of Directors on June 28, 2026. The program aims to purchase up to 2% of the company’s total shares. Madinet Masr will purchase 42.7 million shares, representing 2% of its total shares, through open market transactions, in full compliance with the regulatory guidelines issued by the Financial Regulatory Authority and the Egyptian Exchange. This move reflects the company’s confidence in its financial performance and future growth prospects, which has been positively reflected in the stock’s recent performance The initiative aligns with the company’s longstanding commitment…
Accor, a world-leading hospitality group, and Margins Developments, one of Egypt’s leading real estate developers, announce the signing of Novotel & Novotel Residences New Cairo Lusail, a landmark mixed-use destination combining hospitality, branded residences and modern living within a fully integrated community. The partnership further strengthens Accor’s presence in Egypt, expands its footprint across the country’s emerging urban growth destinations, and marks Margins Developments’ entry into the hospitality sector. The partnership was officially unveiled during a press conference held in Cairo, attended by senior executives from both organizations, investors, strategic partners, and members of the media. Located within LUSAIL Residence…
Misr Italia Holding for Financial Investments and its subsidiaries announced that Mr. Khaled El Assal, Eng. Mohamed Khaled El Assal, and Mr. Karim Khaled El Assal have completed the 100% acquisition of the company’s shares. The company comprises a number of subsidiaries, namely: Misr Italia Real Estate Investment, Misr Italia Construction and Development, Misr Italia Urban Development, Misr Italia Red Sea Touristic Projects, and Middle East Ras El Hekma for Touristic Investment. These entities encompass a diversified portfolio of residential, commercial, hospitality, and coastal projects spanning 6 million square meters, with total investments exceeding EGP 100 billion. The portfolio includes…
NAIA Developments is set to launch its branded serviced residences project within NAIA Bay in partnership with the globally renowned Accor Group under the Swissôtel Residences brand. This marks the first internationally branded serviced residences experience in Ras El Hekma, reflecting the company’s vision of introducing a new and integrated lifestyle concept that combines luxury living with world-class hospitality services within a fully developed coastal community. This milestone further strengthens Ras El Hekma’s position as one of the Mediterranean’s most promising destinations, attracting growing interest from investors and homebuyers seeking modern lifestyles that blend privacy, comfort, and exclusivity. The company…
Ora Developers Egypt announced the signing up of three brands, Crimson, Tipsy Camel, and Elevate Gym, to begin live operations along the beachfront at Silversands North Coast. This milestone reflects the activation of the beachfront as a vibrant, operational space and reinforces Silversands as an integrated coastal destination rather than a project under development. The signing supports Silversands’ vision of delivering a complete, year-round coastal experience, where the beachfront plays a central role in everyday life through hospitality, entertainment, and fitness. The three brands enhance the Silversands experience through operational spaces designed as natural extensions of daily life within the…
From its earliest days, El Gouna Red Sea has embraced a distinctive definition of premium living, one rooted in thoughtful design and meaningful human connection rather than scale alone. While skylines grew taller, El Gouna Red Sea chose to stay close to the ground; low-density neighborhoods, homes designed at eye level, and a built environment that leaves room to breathe rather than filling every corner. Waterfront living was never an afterthought; lagoons and open water were woven into the town’s layout from the start, shaping how homes are oriented, and how everyday life unfolds. Streets and spaces were shaped around…
Nations of Sky, the real estate development arm of the Future of Egypt Authority for Sustainable Development, organized an exclusive field visit to SkyRidge Executives, its fully integrated administrative hub strategically located in the heart of Cairo’s Sheraton district. The visit underscored the company’s commitment to shaping a new generation of workspaces in Egypt, designed to meet evolving business needs. Senior company executives, together with a group of journalists and media representatives attended this remarkable field visit. Coinciding with Nations of Sky’s announcement that phases one and two of the project have been fully sold out, the company is now…
In a move that underscores the strength of its financial position and the effectiveness of its investment strategy, Madinet Masr announced that its stock achieved exceptional and record-breaking performance on the Egyptian Stock Exchange during the period from December 31, 2025, to June 21, 2026. This performance demonstrates the company’s continued ability to maximize shareholders’ return from its operational and financial growth. Madinet Masr’s stock witnessed a strong price rally, rising from EGP 4.23 at the end of December 2025 to reach a closing price of EGP 7.40 on June 21, 2026, representing a 75% increase in share price in…
Upwyde Developments, has announced the launch of “Commonhaus”, an innovative serviced apartments hospitality concept within its premium project, “Skyramp”, in the heart of Sheikh Zayed. The concept was created in collaboration BirdNest, a pioneer in technology-driven residential hospitality and asset management solutions, which has been appointed as the exclusive partner for the management and operation of ”Commonhaus”. This partnership marks a significant milestone in both the real estate and tourism sectors where BirdNest will leverage its digital solutions and operational expertise to manage and operate 130 serviced units within “Skyramp”, delivering an integrated, high-quality, and technology-enabled hospitality experience. The partnership…