The report pointed out the acquisition by investors according to monthly income segments (up to EGP 2,500) of 58% of the value of mortgage finance during Q1, while the share of those with monthly income (more than EGP 3,500) was about 22%.
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Vicat acquired Sinai Cement, located near Al-Arish City, in 2003. Sinai Cement is a public company, listed on Egyptian Exchange since July 2000. It operates within the materials sector focusing on construction materials. Sinai Cement is based in Cairo, Egypt, and was established in January 1997.
Company has achieved EGP 4bn in sales during 2018, says CEO
Project’s investments worth EGP 59bn, says Badr El-Din
Amer revealed that the company plans to inject EGP 300m in investments in the third phase of ClubView that will comprise of units with sizes ranging between 132-452 sqm.
Launching residential, administrative project in Degla Maadi area soon
Company plans to deliver project in May 2022, says sales manager
Company plans to offer second phase of Malaaz North Coast project in July, says managing director
Company disburses EGP 1.8bn out of EGP 3.2bn worth credit facilities
Company holds seminar on skills of dealing with persons with special needs in Cairo
Company will deliver 8 residential buildings during current year
City will receive about 18,000 athletes annually
The proposals would help to coordinate between the four entities in order to find innovative solutions to some of the problems affecting the growth of real estate investment in Egypt.
Lasheen noted that the two projects’ investments amounted to EGP 12bn.
Fakhry added that the company offers its customers discounts for a limited period up to 20% when contracting on the second phase of the project, noting that the second phase is scheduled to be delivered in 2021.
Thales plans to increase investments in Egypt
German companies show interest in investing in Egypt’s waste management, says ambassador
ODH’s sales to foreign customers represents about 10% of total sales achieved during Q1, says CEO
Value of cheque receipts on customers estimated at EGP 5.3bn, says Bichara
New Administrative Capital expected to participate in Intelli-Cities: Kamal
Company completed pilot operation, started actual operation of centre: Centre Manager
Company recorded EGP 1.4bn in sales for developers during 2018: Chairperson
Company plans to launch 400 new housing units in Agora Sidi Abdel Rahman in North Coast this year
Madinet Nasr Housing and Development (MNHD), an urban developer in Egypt, recorded consolidated revenues of EGP 634.2m in the first quarter (Q1) of 2019, up 3.8% year-over-year (y-o-y) from the EGP 610.8m recorded during Q1 of 2018. MNHD announced on Thursday its results for Q1 ending 31 March 2019, reporting that consolidated net profits for …
Chairperson of the Egyptian Real Estate Council, Adel Lotfy, said that the council has completed a draft of the proposal for developing social housing for youth in partnership with the state. Lotfy added that the council has submitted the proposal to New Urban Communities Authority (NUCA), which focused on setting a price ceiling for the …
The International Monetary Fund’s (IMF) delegation has arrived in Cairo on Monday to conduct the sixth and final review before disbursing the last $2bn tranche of a $12bn extended fund facility. The visit lasts for 10 days, in which the IMF’s delegation will hold meetings with the leaders of the ministry of finance to discuss …
The board of directors of the Better Home Group company issued a decision to abolish expenses of transferring units’ ownership in the company’s projects, estimated at about 6% of the total value of the residential unit, as a facilitation for customers. The company pointed out that the board of directors decided to abolish these expenses …
The investment cost for the first phase of the first sustainable “eco-city” in Egypt is EGP 2.4bn, Ahmed Hassan, chairperson of Mariout Hills Developments, a specialist in sustainable cities, said. Hassan noted that the eco-city will be located in the North Coast, explaining that it will comprise of residential units which comply with all globally …
Trulia for Real Estate has started contracting with a group of leading real estate developers in Egypt to market their residential, commercial, and coastal projects, and is negotiating to include more projects in its marketing portfolio. Ahmed Abdel Naeem, chairperson of Trulia, said his company has started contracting with 30 real estate companies to market …
Company achieved 30% of targeted sales by end of Q1 of 2019