Binghatti Holding Limited (“Binghatti” or the “Group”) today announced its results for the nine months ended 30 September 2026. Net profit rose 65% year-on-year to AED 4.4 billion (USD 1.2 billion), already above the Group’s full-year 2025 net profit of AED 3.6 billion, and revenue increased 66% to AED 14.9 billion (USD 4.1 billion) as construction advanced across the portfolio, while sales rose 11% to AED 14.2 billion (USD 3.9 billion). Total equity rose to AED 11.2 billion (USD 3.0 billion) from AED 6.8 billion at the end of 2025. 9M 2026 Key Highlights Net profit up 65% YoY…
Author: Basant Elnegmy
Completing “Eastlane” Deliveries Ahead of Schedule… and the Project is Now Operational Eng Fadi Emeel Abdalla: Building before selling, delivering ahead of schedule, and self-financing are the secrets to our success Eng Shadi Emeel Abdalla: Our projects achieve record sales… and we believe that the customer buys a “human experience,” not just a unit. Kuwaiti “Urbnlanes” continues to follow the business model it adopted since entering the Egyptian market, which is based on building before selling, delivering ahead of schedule, and relying on self-financing. In line with this strategy, the company intends to increase its investments in Egypt by 25%…
Q Developments, a subsidiary of Q Group, celebrated the successful sell-out of the first phase of its Q Hills residential development in New Zayed, generating EGP 1.5 billion in sales. The milestone was marked during a unit allocation ceremony held on Saturday, November 7, 2026, attended by customers, business partners, and senior company executives. The event celebrated customers who have become part of the Q Hills community through its first phase, highlighting the project’s success in attracting buyers seeking a residential development that combines a prime location, quality design, integrated amenities, and competitive pricing. This achievement aligns with the company’s…
Madinet Masr one of Egypt’s leading urban community developers, announced its consolidated financial results for the first nine months of 2026, reporting solid growth across key operational and financial indicators, supported by strong sales momentum, accelerated project deliveries, and improved cash collections. The company recorded EGP 45.4 billion in new sales, representing an increase of 25% year-on-year, compared to EGP 36.3 billion in the corresponding period of 2025. The number of units sold grew by 57.6% to 4,256 units, driven by sustained demand across its flagship developments, Sarai and Taj City, alongside the growing contribution of its co-development projects. Reflecting…
Dr. Bahaa Salem, Group president of Al Salam Holding, affirmed that Egypt enjoys a strategic position that qualifies it to play a pivotal role in connecting Africa, the Middle East, and global markets. Salem made these remarks during his participation in the Global Entrepreneurship Forum (GEF 2026 – Global Leadership Forum), held in Cairo under the auspices of Prime Minister Dr. Mostafa Madbouly. The event brings together approximately 10,000 participants from more than 70 countries, alongside 200 investors and investment funds, over 60 international speakers, and more than 100 exhibitors. Salem added that Egypt’s role is not limited to trade…
VIE Communities, a real estate developer, has announced the launch of its second project in the Egyptian market, VIE HALO, in New Cairo, with total investments of up to EGP 50 billion. The project has already recorded sales exceeding EGP 6 billion during its early-launch phase. This milestone reflects the company’s expansion strategy and long-term vision of developing integrated destinations that respond to evolving market needs and future aspirations. Located within Zomra East in New Cairo, along North 90th Street, VIE HALO spans 200,000 sqm, offering one of VIE Communities’ prominent mixed-use developments. The project brings together commercial, administrative, hospitality,…
Madinet Masr announced its operational performace for for the third quarter and first nine months of 2026 recording EGP 45.4 billion in new sales during the 9M 2026 reflecting continued demand for its diversified real estate portfolio. The company also delivered 1,787 units during 9M 2026, representing a 76% increase compared to 1,014 units in the corresponding period of 2025. This growth highlights Madinet Masr’s continued progress in accelerating project execution and fulfilling its delivery commitments, reinforcing its focus on operational efficiency and customer satisfaction. Madinet Masr also achieved strong growth in net cash collections, reaching EGP 15.2 billion during…
Tatweer Misr has signed a strategic partnership agreement with Nations of Sky, the real estate development arm of the Future of Egypt, also known as Mostaqbal Misr, to develop a 400-feddan land plot into an integrated coastal destination on Egypt’s North Coast. Dr. Ahmed Shalaby, Co-Founder, President & CEO of Tatweer Misr, and Eng. Tamer Nabil, Vice Chairman of Nations of Sky, attended the signing ceremony, marking the announcement of a collaboration rooted in both companies’ shared vision to develop integrated, sustainable communities and deliver added value to Egypt’s real estate market. The project forms part of Tatweer Misr’s strategy…
As the mobility industry accelerates its shift toward SDVs, AI and connected technologies, Valeo draws on its software engineering and AI expertise to advance automotive innovation. By combining Valeo’s international R&D capabilities with local engineering talent, Valeo Cairo’s team supports the development of technologies that address the evolving needs of automakers and the mobility sector. Established in 2005 with just 25 engineers specializing in automotive software, Valeo Egypt has grown into the Group’s largest software excellence center and North Africa’s largest R&D center. Today, more than 3,000 engineers in Cairo support all Valeo business divisions, accounting for approximately 50% of…
Etisalat today announced its Q3 2026 consolidated financial results, reporting consolidated revenue of AED 19.5 billion, growing 6.9 per cent year-over-year (YoY). Consolidated revenues for the first nine months of 2026 reached AED 57.6 billion, up 10.0 per cent YoY. Consolidated net profit in Q3 reached 11.2 billion, while consolidated net profit for the first nine months of 2026 reached AED 17.2 billion, up 45.9 per cent YoY, reinforced by continued progress in building higher-value capabilities across connectivity, sovereign digital infrastructure and AI and by disciplined portfolio management. In Q3, EBITDA rose by 5.1 per cent YoY, reaching AED 9.0…
Kuwaiti developer Urbnlanes is advancing its commercial and administrative real estate portfolio in Egypt, with significant construction progress at its Eastlane and Midlane projects in New Cairo. The company’s developments combine retail, office spaces, medical clinics, dining, and hospitality-inspired services within integrated, mixed-use destinations. Construction at the first phase of Midlane has reached 90%, with handover targeted for early 2027, while work on the second phase has reached 15%, ahead of its planned handover in early 2028. Meanwhile, Eastlane has been delivered ahead of schedule and is now operational, hosting a diverse mix of restaurant, retail, and lifestyle brands. The…
Sky Abu Dhabi Developments has announced a new release of medical clinics and administrative offices at Bluewalk, its commercial destination within the Bluetree development, located in the prestigious Golden Square area of New Cairo’s Fifth Settlement. The new offering complements the retail spaces introduced in previous phases. Bluetree represents an investment of approximately EGP 8 billion, reflecting the project’s scale and the company’s continued commitment to the development and its delivery. Spanning approximately 5.6 feddans within the 50-feddan Bluetree development, Bluewalk features a 280-meter commercial frontage, alongside thoughtfully designed open spaces and dedicated pedestrian walkways. The development enjoys a prime…
Egyptian Swiss Group for Pasta, Milling, Concentrates and Grain Trading is targeting turnover of EGP 11 billion this year, with growth of 10% to 15% across its pasta, flour, tomato sauce and grain businesses, the company announced during its World Pasta Day celebrations. Ahmed El-Sebaie, the group’s General Manager, said at a press conference held to mark World Pasta Day and announce the production of a new range of products that Egyptian Swiss currently exports to approximately 60 countries and allocates nearly 80% of its total production to international markets. The group accounts for around 10% of Egypt’s pasta exports…
Deyaar Construction and Development has called for greater transparency in Egypt’s real estate market through the disclosure of the full cost of property ownership, enabling buyers to assess their financial commitments from contract signing through handover and occupancy. Hany Farag, Chairman of Deyaar Construction and Development, said buyers should have access to clear, comprehensive information that supports informed purchasing decisions and strengthens trust between developers and customers. “A life-changing decision deserves a complete cost breakdown,” Farag said, stressing that buyers need a full picture of the financial obligations associated with a property before signing a contract. He explained that evaluating…
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…
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…