Day: September 6, 2026

Modon Developments is investing around EGP 5bn in its Green River Tower project in the New Administrative Capital, with approximately EGP 1bn already deployed, according to Jihad Fathy, the company’s Head of New Capital Projects. Fathy said construction completion has reached around 52%, with the company targeting completion of the…

Aqar Exit has launched Egypt’s first index tracking the real estate assignment market, aiming to monitor activity involving existing property contracts and analyse trends in supply, demand, liquidity, and purchasing power. The index is based on preliminary data recorded between August 8 and September 5, 2026. Mahmoud Ammar, Founder and…

M squared, the real estate arm of Intro Holding, announced that its Masyaf Ras Al Hekma destination has reached approximately 41% overall construction completion, as development accelerates across the 1,546-unit project and construction begins on Phase 2. Construction is currently underway across the entirety of Phase 1, comprising 347 units…

Vacation rental booking platform Garnest is planning to expand its operations in Egypt after attracting more than 5,000 customers and listing over 500 accommodation units within its first two months of operation. Ahmed Fazara, Founder of Garnest, said the company aims to reach 100,000 customers and increase the number of…

Minister of Electricity and Renewable Energy Mahmoud Esmat met with a delegation from Orascom Construction, headed by CEO Osama Bishai, to review progress on the 900 MW Ras Shukeir wind power project and stress the need to adhere to its timetable and take the necessary measures to connect it to…

Industry Minister Khaled Hashem and Giza Governor Ahmed El-Ansary held a meeting to review work files and the regularization of investors’ status in the Jerza Industrial Zone in Al-Ayyat and the Arab Abu Saed Industrial Zone in Al-Saff. The meeting covered the status of regularization files, detailed plans for the…

Minister of Planning and Economic Development and Egypt’s Governor at the Islamic Development Bank Group Ahmed Rostom said Egypt is developing an innovative mechanism to support and guarantee financing for infrastructure projects through the Egypt Infrastructure Financing Guarantee Facility (IFGF). The mechanism aims to mobilise long-term financing in local currency,…

Egypt is seeking to expand and diversify its portfolio with the Asian Infrastructure Investment Bank (AIIB), with a focus on energy, transport, ports, and logistics, alongside greater financing for the private sector. Egyptian President Abdel Fattah Al-Sisi discussed future cooperation with AIIB President Zou Jiayi at a meeting attended by…