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MNHD achieves 14.6% Y-o-Y growth in consolidated revenues in 2018

Madinet Nasr Housing and Development (MNHD), an urban developer in Egypt, has achieved consolidated revenues of EGP 2.78bn, representing year-over-year (Y-o-Y) growth of 14.6% in 2018, compared to EGP 2.43bn at the end of 2017, according to the company’s press statement regarding financial results for the year ending 31 December 2018. The statement said that …

Daily News Egypt

MREC, Amaco agree to export real estate, promote Egypt-Saudi cooperation

MREC for Integrated Real Estate Services and Saudi Amaco has signed a strategic agreement to promote and organise conferences and exhibitions. The agreement stipulated promoting WAFIEX 2019 exhibition for selling off-plan real estate projects, which will kick off in Saudi Arabia from 9 to 11 March. WAFIEX will be held under the patronage of the …

Shaimaa Al-Aees

Wadi Degla embarks on Promenade Maadi with investments of EGP 350m 

Wadi Degla Developments has commenced work on new luxury residential compound, Promenade Maadi, in a prime uphill location in Zahraa El Maadi in front of Wadi Degla SC. Maged Helmy, chairperson and CEO of Wadi Degla Holding, said in press statement that Promenade Maadi, to be built on an area of 34,000 sqm, will have 300 …

Shaimaa Al-Aees

Tameer plans to complete marketing of Azad New Cairo in H1 of 2019

Tameer plans to complete marketing of its Azad project by the end of the first half (H1) of 2019 with targeted sales of EGP 1.7bn, according to Tameer’s Managing Director, Antoine El Khoury. El Khoury told Daily News Egypt that the company has managed to complete the marketing of about 65% of the total project. …

Shaimaa Al-Aees