Year: 2026

K Developments has launched Palencia Plaza, a mixed-use project in Shorouk City, east Cairo, with investments estimated at EGP 1.5bn. The development forms part of the company’s expansion strategy in commercial, administrative, and medical real estate. Chairperson Omar El-Fayoumi said the project reflects K Developments’ focus on areas with rising…

Monterra Developments has entered Egypt’s real estate market through an Egyptian-Russian partnership, launching its first project, Monterra Bay, on the North Coast with investments estimated at EGP 25bn. CEO Mohamed Maamoun said the partnership combines financial investment with technical expertise, reflecting broader economic ties between Egypt and Russia. He noted…

Delta Capital for Urban Development has signed a strategic partnership with Emirates Global Investment (EGRI), a subsidiary of NCE Group, to develop a portfolio of mixed-use projects in Egypt with total estimated investments of $500m. The agreement establishes a joint Egyptian-Emirati real estate alliance aimed at developing approximately 500 feddans…

Mountain View has commenced handover procedures for its “MV 1.1” project in New Cairo, less than four years after launch. The milestone follows a field visit by senior management to assess construction progress and readiness. The tour was led by Chairperson Amr Soliman, joined by Co-CEOs Wael Lotfy and Wael…

The Suez Canal Authority (SCA) announced on Sunday that the world’s largest and newest liquefied natural gas (LNG)-powered container ship, the CMA CGM GRAND PALAIS, successfully completed its maiden transit through the waterway. The mega-ship, operated by the French shipping line CMA CGM, crossed as part of the southbound convoy.…

  Egypt’s Ministry of Petroleum and Mineral Resources announced on Saturday 2 May a new natural gas discovery in the Nile Delta, with production rates estimated at around 50 million cubic feet per day.  The discovery followed the successful drilling of the exploratory well, Nidoco N-2, in an offshore concession,…

Egypt’s Ministry of Health has launched new clinics under the presidential “Your Health is Happiness” initiative to expand mental health services and further integrate psychological care into the public healthcare system. Speaking at the launch event, held in partnership with Viatris Egypt, Health Minister Khaled Abdel Ghaffar said mental health…