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Egyptian billionaire Naguib Sawiris

Sawiris develops 400-feddan urban project in New Cairo

Sawiris has told Daily News Egypt that the company does not plan to expand in Sheikh Zayed, Giza, adding that the company is focusing on developing the ZED project in Sheikh Zayed, and that “We are proud of what we have done in the project, and it will include various housing categories.”

Shaimaa Al-Aees

Beta Egypt reduces land size of Beta Greens New Cairo

Fikri said that the modification is a precautionary measure to preserve interests of the clients and their investments, as well as to complete the project as soon as possible. It is also meant to abide by the contracts with customers and deliver the units with the highest possible quality.

Shaimaa Al-Aees

MG Developments begins implementation of HQ project in New Cairo

MG Developments has begun the construction of the Headquarters (HQ) business project placed in the first sector on 90th street in the Fifth Settlement, New Cairo, on 11,000 sqm. The company launched the HQ project last November, and it comprises of commercial and administrative units, with total investments worth EGP 1bn. Chairperson of MG Developments, …

Shaimaa Al-Aees

2018 saw rents, sale prices improve across Cairo: JLL

The residential sector has performed strongly throughout 2018. The strong performance of the off-plan sector has however negatively impacted the secondary market, as buyers are preferring to hold off and wait to purchase off-plan units completed in 2019, according to JLL’s A year in Review 2018 report. The report noted that the strongest performing sector of the sales …

Shaimaa Al-Aees