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Polaris studies launching real estate projects in New Administrative Capital, 6th of October City

Real estate director at Polaris Parks Bassel Shoirah said that Polaris International Industrial Parks, an industrial developer, is negotiating with the Ministry of Housing to obtain lands in the New Administrative Capital, 6th of October City, and Fifth Settlement. Shoirah told Daily News Egypt that his company is looking for developing middle-income housing in the …

Shaimaa Al-Aees

Private construction companies implement projects worth EGP 39.8bn in 2015: CAPMAS

Construction companies in the private sector have implemented projects worth EGP 39.8bn in 2015, an increase of 27.1% compared to the previous year, according to the Central Agency for Public Mobilization and Statistics’ (CAPMAS) annual statistics bulletin. In 2014, the value of construction projects implemented by the private sector amounted to EGP 31.3bn. CAPMAS attributed …

Hossam Mounir

Orascom Housing Communities implements $500m social housing project in Senegal

Orascom Housing Communities (OHC), a subsidiary of Orascom Development Holding, has implemented a social housing project in Senegal with investments of $500m, according to businessman and chair of the board of directors Samih Sawiris. This project in Senegal will be constructed according to the same model as Al-Haram City for social housing in Egypt with 63-sqm units, Sawiris said …

Shaimaa Al-Aees

ARCO announces launch of Oriental Bay Resort Jabbal El Rosas

Al Arabia Real Estate (ARCO) announced on Thursday the launch of the Oriental Bay Resort Jabbal El Rosas project, located on the Red Sea coast in the city of Marsa Allam. The project will occupy 650,000 sqm, have a panoramic view of the area and include various forms of beachside entertainment. Being located in what …

Daily News Egypt

ARCO to launch next phase of Citystars Al Sahel at cost of EGP 4bn

Al Arabia Real Estate (ARCO) will soon be launching a new phase in its Citystars Al Sahel project in the Fouka area of Ras El Hekma, with an estimated cost of EGP 4bn, according to the executive manager Ayman Ibrahim. The new phase will be announced in December, and will be sponsored by an international …

Shaimaa Al-Aees