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Shaimaa Al-Aees
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1El Asreya Developments rebranded as Atric Developments
LATEST BY SHAIMAA AL-AEES
El Asreya Developments rebranded as Atric Developments
Egypt witnesses unprecedented qualitative leap in real estate sector: Chairperson Ashraf Naguib
Shaimaa Al-Aees
October 4, 2021
Demands to extend payment contracts for New Capital lands, categorise developers
ACUD advises customers to check on project’s ministerial approval, building licenses, and schedule compliance, and also follow up on development process
Shaimaa Al-Aees
August 9, 2021
Akam Developments introduces 3rd phase of Scene 7 project at Egypt’s New Capital
Company completes 65% of construction at Scenario project, and 30% in Scene7 project, says Hesham Kandeel
Shaimaa Al-Aees
July 26, 2021
Cairo Capital to launch residential project in New Sheikh Zayed as Lake West extension
Company studies launching new serviced apartments, says Chairperson Yasser Khalaf
Shaimaa Al-Aees
July 26, 2021
Real estate stakeholders discuss investor challenges in New Capital
New Capital project requires more flexibility to support real estate companies as purchasing power declines, says Mohamed Albostany
Shaimaa Al-Aees
July 26, 2021
1 child orphaned every 12 seconds due to COVID-19-associated death: World Bank
The world has been closely tracking the death toll related to the virus, with official mortality counts now reaching over 4 million people, largely concentrated among adults. The children left behind have been practically invisible, the World Bank has said.
Shaimaa Al-Aees
July 24, 2021
New Administrative Capital is Egypt’s gate for property export: Developers
Egypt’s real estate developers agreed that Egypt has a great potential to export property through its new and fourth generation cities, namely New Administrative Capital (NAC), New Alamein, and others. In the fifth edition of the Think Commercial roundtable held on Wednesday, Chairperson of The Land Developers Ahmed El Tayebi said that Egypt is an …
Shaimaa Al-Aees
July 15, 2021
Launching New Capital reflects new vision for Egypt
Major national project has produced new generation of developers leading to increased competition
Shaimaa Al-Aees
July 15, 2021
Youth Ministry constructs branch of The Club in New Capital with EGP 4.5bn investments
The new club received EGP 4.5bn in investments, and is part of an integrated network of The Club in several new cities and governorates. It covers an area of 72 feddan in the R3 district of the NAC.
Shaimaa Al-Aees
July 15, 2021
Developers map out property market revitalisation at 5th Think Commercial roundtable
Recommendations included inauguration of federation for real estate developers to organise local property market
Shaimaa Al-Aees
July 14, 2021
IFAO involved in 35 archaeological missions across Egypt
Grand Egyptian Museum will be privileged place for researchers from all over world who study heritage of Ancient Egypt, says IFAO Director Laurent Coulon
Shaimaa Al-Aees
July 14, 2021
Vicat keen to invest in Egypt in times of prosperity, crises: Sinai Cement Country Chief
Vicat is waiting for Egyptian government to start its plan to develop Sinai
Shaimaa Al-Aees
July 14, 2021
Egypt-France partnership: Backbone of stability in Mediterranean & Middle East
Egypt is keen on strengthening its strategic partnership with France as an important pillar for maintaining security and stability in the Mediterranean and the Middle East, Egyptian President Abdel Fattah Al-Sisi has said. Al-Sisi stressed the importance of economic and commercial cooperation between Egypt and France, and highlighted the priority of boosting French investments in …
Shaimaa Al-Aees
July 13, 2021
Zodiac Development contracts with YBA, INMA to manage New Capital’s Mizar project
Company eyes Egyptian market expansion, directs new investments in line with state’s directions, says Hassan Hassanein
Shaimaa Al-Aees
July 4, 2021
Concept Development launches 2nd New Capital project with EGP 260m investments
Company’s investments at NAC and on North Coast worth EGP 920m, says Chairperson Ehab Aboelmagd
Shaimaa Al-Aees
July 4, 2021
Egypt’s NAC is integrated smart city, has no market competition: ACUD Spokesperson
Egypt’s New Administrative Capital (NAC) is an integrated smart city, according to Khaled El-Husseini, spokesperson for the Administrative Capital for Urban Development company (ACUD). El-Husseini also said that it is being set up with an integrated technological infrastructure according to the latest international standards. It also has a large number of integrated health, educational, residential, …
Shaimaa Al-Aees
July 4, 2021
Marota Developments begins construction on Mastro project at New Capital
Company eyes EGP 1bn in sales, with project to be delivered 6 months ahead of schedule, says COO Ashraf Diaa
Shaimaa Al-Aees
June 26, 2021
Contact Developments launches Quan Iconic Tower at New Capital with EGP 1.5bn investments
The 25-storey project is located on the Central Business District, and will cover a total area of 10,531sqm.
Shaimaa Al-Aees
June 24, 2021
Margins Developments begins construction in New Capital’s Zia project
Company directs EGP 4bn into Egyptian market, in addition to EGP 1bn of investments in Zia project
Shaimaa Al-Aees
June 21, 2021
Egypt’s non-oil exports surge 19% in 5M 2021: Trade Minister
US, Saudi Arabia, Turkey, Italy, UAE, and UK are most important markets for Egyptian exports
Shaimaa Al-Aees
June 20, 2021
Al Marasem, Marina Way Lagoon contract with Rotana to manage, operate serviced apartments
First project contracted is Rotana Lake Residence at Fifth Square project in New Cairo
Shaimaa Al-Aees
June 20, 2021
Strong real estate sector performance underpinned by resilient economy, special demographics: Savills Egypt
Prices expected to remain stable as increasing supply is balanced by population growth, expanding economy
Shaimaa Al-Aees
June 20, 2021
4,000 Egyptian importers register on Advance Cargo Information
This figure represents about 1.5% of the total number of importers, according to Matta Beshay, Head of the Internal Trade Committee at the Division of Importers at the Federation of Egyptian Chambers of Commerce (​FEDCOC).
Shaimaa Al-Aees
June 16, 2021
Sky Investments to manage City Edge Developments’ project in Sheikh Zayed
Two companies will participate in financing, construction, marketing, selling, or leasing of CED’s future projects
Shaimaa Al-Aees
June 16, 2021
MAVEN Developments launches Cali Coast project valued at EGP 15bn
Located in Ras El Hekma, Cali Coast is set to become home to residents in over 2,500 diverse housing units
Shaimaa Al-Aees
June 14, 2021
MBG Developments invests EGP 7bn in Egypt’s real estate market
Company appoints Kareem Mamoun as CCO in new strategic plan
Shaimaa Al-Aees
June 14, 2021
Egypt’s chemical, fertilisers exports surge by 30% in 4 months
Egypt looking to open new markets, especially as most countries are suffering from closures, unavailability of supply chains
Shaimaa Al-Aees
June 14, 2021
Maxim Investment rolls out new strategic direction
This will also see the company work to boost its growth potential, while leveraging the value of its infrastructure, and increase agility and improve efficiency.
Shaimaa Al-Aees
June 9, 2021
Egyptian market shows price resilience amid COVID-19: EBRD
Bank is projected to invest more than €1bn in Egypt this year, says Heike Harmgart
Shaimaa Al-Aees
June 9, 2021
Global economy to expand 5.6% in 2021: World Bank
Economic activity in MENA region is forecast to advance by 2.4% in 2021, 3.5% next year
Shaimaa Al-Aees
June 8, 2021

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