Empire State Developments targets EGP 5.6bn sales from Upmount at New Capital

Egypt’s real estate market is entering a more selective phase where execution, liquidity management, and disciplined expansion matter more than rapid project launches, according to Mostafa Mohsen, Chairperson of Empire State Developments. Mohsen said the company is focusing on growth and construction progress across all projects while preparing to achieve…

The First Group and Pulse Developments: Egypt offers one of region’s strongest hospitality investment opportunities

Dubai-based British hospitality developer The First Group has entered the Egyptian market through a strategic partnership with Pulse Developments, launching an integrated hospitality investment platform that marks the company’s first expansion outside the UAE. The partnership will initially deliver three hospitality developments in Sharm El Sheikh comprising more than 3,200…

Egypt, Jordan seek to expand cooperation in energy, mining sectors

Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, and Jordan’s Minister of Energy and Mineral Resources, Saleh Al-Kharabsheh, discussed expanding bilateral cooperation in natural gas, mining, and energy infrastructure during talks in Amman, with both sides agreeing to establish joint technical working groups to advance a range of strategic…

Al Alamein Airport records 57% jump in passenger traffic ahead of EIAS 2026

Al Alamein International Airport recorded a 57% year-on-year increase in passenger traffic as Egypt accelerates preparations to host the second edition of the Egypt International Air Show (EIAS 2026) this September, according to the Cabinet’s Information and Decision Support Center (IDSC). The government said the airport’s rapid growth reflects broader…