جريدة إسكان مصر

جريدة إسكان مصرhttps://www.iskanmisr.com/إسكان مصر arجميع الحقوق محفوظة © 2026 جريدة إسكان مصرMon, 06 Apr 2026 07:46:46 GMThttps://www.iskanmisr.com/UserFiles/SiteImages/Logo.pngجريدة إسكان مصرhttps://www.iskanmisr.com/https://www.iskanmisr.com/84466/Invest-Gate-Explores-Integration-of-Real-Estate-and-Tourism-Investments-in-Egypt-during-From-Heritage-to-Horizons-Roundtable Invest-Gate Explores Integration of Real Estate and Tourism Investments in Egypt during “From Heritage to Horizons” RoundtableInvest-Gate organized its 26th roundtable, titled Heritage to Horizons: Integrating Real Estate and TourSat, 11 Oct 2025 14:25:32 GMTSat, 11 Oct 2025 14:25:32 GMTreal,.Invest-Gate organized its 26th roundtable, titled “From Heritage to Horizons: Integrating Real Estate and Tourism Opportunities,” at the Nile Ritz-Carlton Hotel in Cairo. The event gathered top government officials, real estate developers, investors, and experts from both the real estate and tourism sectors. The roundtable aimed to explore ways to enhance integration between the two sectors to support Egypt’s Vision 2030, promote sustainable development, and highlight investment opportunities in heritage and tourism destinations such as New Alamein, Sinai, Luxor, and Fayoum. Discussions focused on how real estate projects can serve as catalysts for tourism development, the importance of public-private partnerships, and the need for supportive regulations to attract local and foreign investments. Among the distinguished speakers were Dr. Abdel Khalek Ibrahim, Deputy Minister of Housing; Eng. Khaled Seddik, Chairman of the Urban Development Fund; and Dr. Mostafa Mounir, CEO of the Tourism Development Authority, along with representatives from the General Authority for Investment and leading real estate and tourism companies. Participants agreed that integrating real estate and tourism investments is essential for boosting Egypt’s economy, preserving its cultural identity, and creating sustainable growth opportunities across the country. https://www.iskanmisr.com/83755/Enwan-Real-Estate-signs-Kiayani-Lines-to-design-a-state-of-the-art-medical-complex-in-Medical-CityEnwan Real Estate signs Kiayani Lines to design a state-of-the-art medical complex in Medical CityEnwan Real Estate Development has announced the signing of a strategic agreement with renowned consultant Eng.Mon, 25 Aug 2025 16:27:12 GMTMon, 25 Aug 2025 16:27:12 GMTEnwan Real Estate Development has announced the signing of a strategic agreement with renowned consultant Eng. Mohamed Safwat – Kiayani Lines – to lead the design and engineering supervision of its latest medical project located in the Medical City at Egypt’s New Administrative Capital.Eng. Mohamed Salem, CEO of Enwan, stated that the company is expanding into the healthcare sector as part of its corporate social responsibility, emphasizing that long-term, sustainable projects are a key investment focus for the coming period, with healthcare standing at the forefront.The selection of Kiayani Lines was driven by Eng. Safwat’s extensive expertise in designing and managing healthcare facilities, particularly his application of the “Dual Facility Model,” which maximizes space efficiency and ensures service integration across medical buildings.The company confirmed that this project will be a landmark addition to the Medical City, combining flexible design to accommodate diverse specialties with a prime location on the Regional Ring Road, ensuring ease of access and reinforcing the New Capital’s role as a regional hub for advanced healthcare.The complex spans two full basements and two main buildings with a total built-up area of 20,000 sqm. Each building comprises a ground floor and five upper floors, totaling approximately 5,500 sqm, featuring flexible layouts to host multiple medical disciplines.The clinics building alone offers around 9,500 sqm of built-up space, housing nearly 150 specialized clinics of varying sizes, alongside dedicated medical centers and supporting commercial services. The project represents a valuable opportunity for doctors and investors, given the scarcity of such integrated healthcare developments in the market.  https://www.iskanmisr.com/82912/Darna-for-Real-Estate--Construction-reveals-DRC--a-new-visual-identity-marking-a-strategic-phase-of-expansionDarna for Real Estate & Construction reveals “DRC” — a new visual identity marking a strategic phase of expansion As part of its comprehensive expansion strategy, Darna for Real Estate and Construction has unveiled a new visWed, 25 Jun 2025 12:14:05 GMTWed, 25 Jun 2025 12:14:05 GMT2021,.As part of its comprehensive expansion strategy, Darna for Real Estate and Construction has unveiled a new visual identity under the name DRC – Darna for Real Estate & Construction.   This rebranding initiative is aligned with the company’s broader strategic vision to reinforce its footprint in Egypt’s real estate market, unlock new growth opportunities, and broaden its portfolio of current and upcoming projects.  Mohamed El-kot, Chief Development Officer at DRC, stated that the introduction of the new identity represents a significant strategic milestone in the company’s evolution. He explained that the rebranding reflects a more progressive and innovative approach, marking the start of a new growth phase centered on improving operational efficiency and adapting swiftly and effectively to market dynamics and the evolving needs of clients and investors. He added, “We are not merely redesigning a logo—we are reintroducing our company to the real estate market with well planned development plans that reflect our future ambitions. The new identity represents a more advanced and growth-ready phase, embodying our firm commitment to delivering high-quality projects that make a real difference and meet the aspirations of our clients and partners in success.” He noted that the launch of the new visual identity is part of a broader strategy to redefine the brand and ensure cohesive and consistent communication across all customer and partner touchpoints, thereby strengthening the company’s presence and enhancing its distinction in the real estate market.  He further pointed out that this step builds on a distinguished track record that began in 1990, when Darna was established as a company specializing in real estate and construction. Over the past three decades, the company has successfully completed 47 projects across prime locations, including New Cairo, Nasr City, El Shorouk, Maadi, and Heliopolis, with a total built-up area exceeding 120,000 sqm. He stated that landmark projects such as TERRACE, LONG ISLAND, and MC3 represent significant milestones in DRC’s portfolio. Recognized for their exceptional design, strategic locations, and superior construction quality, these projects reflect the company’s deep-rooted expertise in delivering high-quality real estate developments.  El-kot disclosed that DRC continues to expand its real estate portfolio, having successfully developed Terrace Mall, a mixed-use development launched in 2019 and delivered in 2021. The project integrates commercial, administrative, and medical spaces within two buildings, each featuring a ground floor plus three upper levels, complemented by three underground levels dedicated to parking facilities.  Strategically located in El Shorouk City, the project hosts major international brands and leading banks and is currently entering a new phase of expansion.  The company also successfully completed long Island, a second home project in Marsa Matrouh, delivered to the highest standards of quality. In addition, the company has delivered MC3 (Medical Centre 3), a premium medical project in Nasr City that highlights both DRC’s sectoral breadth and the strength of its diverse portfolio, which it aims to further expand in the near future to align with evolving market needs.   He concluded that the company is entering a new phase of growth and expansion, building on past achievements while paving the way for broader real estate ventures. The company revealed its preparations for a new project, which is expected to serve as a key milestone in its expansion strategy and a distinctive landmark in East Cairo.https://www.iskanmisr.com/82899/With-the-Participation-of-Experts-Invest-Gate-Explores-New-Frontiers-in-Real-Estate-Investment-Through-Fractional-OwnershipWith the Participation of Experts, Invest-Gate Explores New Frontiers in Real Estate Investment Through Fractional OwnershipInvest-Gate to Launch Its 25th Roundtable Entitled Fractional Real Estate: Unlocking New Frontiers of PropertTue, 24 Jun 2025 15:42:35 GMTTue, 24 Jun 2025 15:42:00 GMT.” Invest-Gate is preparing to launch the 25th edition of its roundtable, titled “Fractional Real Estate: Unlocking New Frontiers of Property Investment in Egypt”.  The event will be held on Wednesday, June 25, 2025, at 9:00 AM at the Nile Ritz-Carlton Hotel in Cairo. The roundtable will bring together leading real estate developers, industry experts, and government officials to discuss the emerging model of fractional property ownership and its potential role in reshaping Egypt’s real estate market. Amid rising property prices, affordability concerns, and growing interest from the Egyptian diaspora and international investors, fractional ownership is being explored as a more accessible and technologically driven alternative to traditional investment models. The roundtable will be divided into two sessions. The first, titled "Market Landscape&Investment Framework," will be an opening session moderated by Eng. Fathallah Fawzy, Vice Chairman of the Egyptian Businessmen’s Association and Chairman of the Real Estate Development and Contracting Committee.  This session will explore the theme of fractional real estate ownership and set the stage for in-depth discussions. It will examine opportunities and market demand, the legal and regulatory framework, investment vehicles and financial models, distinctions between residential and commercial asset types, exit strategies and liquidity mechanisms, as well as expected returns and stakeholder expectations.  The second session, titled "Building the Model," will be a focused session that explores the implementation of fractional ownership, with a particular focus on the role of technology. It will address key components including technology tools to enable fractional ownership, cybersecurity and data protection, and proposed next steps for launching and scaling the model. This session will be moderated by Mr. Amr Elkady, Founder&Managing Director of AKD Advisory. The roundtable will witness the presence of an elite group of senior officials, executives, and experts in the Egyptian real estate sector, including: Dr. Eng. Abdelkhalek Ibrahim, Deputy Minister of Housing, Utilities and Urban Communities; Dr. Mostafa Mounir, CEO of Tourism Development Authority; Mr. Mohamed Youssef, CEO Advisor of General Authority for Investment and Free Zones (GAFI); Eng. Tarek Shoukry, Chairperson of the Real Estate Development Industry Chamber and Deputy of the Housing Committee in the House of Representatives; Mr. Salah Katamish, Senior Vice President Strategy&Investments of Madinet Masr –SAFE; Mr. Mostafa El-Beltagy, Co-Founder&CEO of Nawy; Mr. Ayman Elsawy, Founder&CEO of Bokra Holding Company; Eng. Ahmed Mansour, CEO of Cred Developments; Mr. Ayman Magdy, Managing Director of Nawy Shares; Mr. Hossam Gramon, Partner of Adsero Law Firm; Eng. Bedeir Rizk, CEO of Paragon Developments; Mr. Magdy ElYamani, General Manager of Emtelaak Investments; Dr. Raymond Ahdy, CEO of Wadi Degla Developments; Dr. Mohamed Abd El Gawad, Founder and Chairman of Vantage Developments; Mr. Ahmed El Dessouky, Managing director of Valda Developments; Eng. Mohamed Taher, Chairman of Nile Developments; Mr. Ahmed Sakr, Founder&CEO SDC, Farida; Mr. Waleed Shaarawy, Chief Technology Officer of Emtelaak Investments; Mr. Ibrahim Hassan, CEO of Digified; Mr. Walid Hassouna, Founder&CEO of valU; Eng. Amr Afifi, Co-Founder of Amtaar; Mr. Mohamed El Khatieb, COO of Seqoon.  Discussions will focus on how this model can respond to affordability challenges while enabling broader investment participation, particularly among Egypt’s growing middle class and its 10-million-strong diaspora. Furthermore, the event will examine the legal definitions, licensing models, and governance frameworks necessary to differentiate fractional ownership from other models such as timeshare and traditional co-ownership. Additionally, the roundtable will delve into the role of Real Estate Investment Trusts (REITs) and PropTech platforms in providing structure, transparency, and investor protection. With technology acting as a key enabler, participants will assess how blockchain, smart contracts, escrow mechanisms, and digital compliance systems can enhance security and streamline ownership verification. Attention will also be given to the absence of a functional secondary market for fractional shares in Egypt, and the need for pricing transparency, valuation standards, and viable exit strategies that encourage liquidity and investor confidence.Moreover, the event will explore cross-border investment opportunities enabled by digital platforms, as well as innovative financing models such as micro-investments and mortgage-backed fractional shares. Risk mitigation mechanisms—including reserve funds, custodianship structures, and smart governance protocols—will also be addressed as part of a broader strategy to ensure investor protection and market stability. By engaging stakeholders from across the sector, the roundtable aims to generate actionable insights that can support a more inclusive, innovative, and sustainable future for property investment in Egypt. The Official Sponsors of the roundtable are Madinet Masr- SAFE, Nawy Shares, Bokra Holding Company, The Platinum Sponsor is Cred Developments, The Gold Sponsors are Paragon Developments, Emtelaak, Wadi Degla Developments, The Delegates'bags Sponsor is Vantage Developments, The Lanyard sponsor is Valda Developments.https://www.iskanmisr.com/82846/Al-Riyadh-Misr-Participates-in-Egypt-Developers-Forum-with-the-Attendance-of-the-Assistant-Minister-of-Housing "Al Riyadh Misr" Participates in Egypt Developers Forum with the Attendance of the Assistant Minister of HousingAl Riyadh Misr for Real Estate Development took part in the inaugural Egypt Developers Forum, held under the aSat, 21 Jun 2025 13:19:24 GMTSat, 21 Jun 2025 13:19:24 GMT.Al Riyadh Misr for Real Estate Development took part in the inaugural Egypt Developers Forum, held under the auspices of the Ministries of Housing, Utilities, and Youth and Sports, and organized in collaboration with the Real Estate Developers Association. The forum was attended by Dr. Abdel Khalek Ibrahim, Assistant Minister of Housing, along with a host of leading real estate developers and representatives from both public and private sector institutions involved in the industry.  The forum featured in-depth discussions on the future of urban development in Egypt, current challenges and opportunities in the real estate market, and prospects for collaboration between stakeholders to strengthen partnerships between the state and the private sector.  At the conclusion of the event, Eng. Mohamed Gomaa, Chairman of Al Riyadh Misr, was honored—alongside several other real estate executives—in recognition of their contributions to supporting and advancing the real estate sector, and for their active role in executing urban development projects aligned with the state's vision and plans for integrated expansion.  Following the ceremony, Eng. Mohamed Gomaa expressed his gratitude for the recognition, emphasizing that the honor serves as a strong motivation for the company to continue its efforts in supporting Egypt’s real estate market.  He stated: “We are proud of this recognition, which we consider a culmination of our team’s collective efforts to deliver real estate projects that bring true value to the market and meet the needs of Egyptian citizens. We believe that partnering with the government in its sustainable urban development plans is the optimal path to securing a better future for this vital sector.”  Gomaa added: “The Egypt Developers Forum is an important step toward fostering serious and constructive dialogue between real estate developers and the government. At Al Riyadh Misr, we strongly believe in the value of such engagement in addressing challenges and shaping practical solutions that drive investment and development in Egypt.”  Al Riyadh Misr affirmed that its participation in the forum aligns with its strategy of openness and continuous communication with decision-makers and key stakeholders in the real estate sector, as well as its commitment to delivering an integrated development model that meets modern standards of urban planning. https://www.iskanmisr.com/82786/Nawy-Secures-23M-in-Debt-Financing-from-Egypts-Leading-Financial-Institutions-to-Scale-Mortgage-OfferingNawy Secures $23M in Debt Financing from Egypt’s Leading Financial Institutions to Scale Mortgage OfferingNawy, Africas largest proptech platform, has secured 23 million in debt financing 10 of Egypts top-tiTue, 17 Jun 2025 10:24:39 GMTTue, 17 Jun 2025 10:24:39 GMT. Nawy, Africa’s largest proptech platform, has secured $23 million in debt financing from 10 of Egypt’s top-tier financial institutions. The funds will be used to scale Nawy Now, Nawy’s FRA-licensed mortgage product that offers flexible payment plans and fast approvals on ready-to-move homes, to help buyers move now & pay later. This will enable Nawy Now to finance more properties and make homeownership more accessible. In parallel, the financing will also support the company’s broader working capital needs as it continues to reshape the homeownership journey in Egypt.  This raise highlights the deep confidence and trust financial institutions have placed in Nawy’s business model, operational strength, and long-term vision. “Securing this level of financing from Egypt’s leading financial institutions is a strong vote of confidence in what we’re building at Nawy,” said Amr Malek, CFO of Nawy. “Our mortgage product sits at the center of a much bigger ecosystem that serves as a one-stop shop for the entire real estate industry. This financing allows us to scale that ecosystem and offer more people a seamless path to homeownership,” added Omar El Barouny, MD of Nawy Now.The newly secured debt financing will power the flywheel at the heart of Nawy and reinforce the synergies that deliver a truly end-to-end experience for homebuyers. This integrated model gives Nawy control over the full real estate journey, which includes: Helping customers find and buy homes through its tech-enabled platform. Managing all paperwork, legal verifications, and due diligence. Providing financing through Nawy Now. Supporting long-term value through resale services and other post-purchase offerings. Unlocking rental income opportunities through Nawy Unlocked.With this financing round, Nawy is well-positioned to expand its operations, while continuing to push boundaries in the proptech and real estate space. As more Egyptians look for reliable paths to homeownership with flexible financing and the ability to pay in installments, Nawy aims to remain at the forefront, backed by the trust of the country’s top financial institutions.https://www.iskanmisr.com/82646/Nawy-Shares-Leads-the-Transformation-Towards-Regulating-Fractional-Real-Estate-Investment-in-Egypt-Under-the-Supervision-andNawy Shares” Leads the Transformation Towards Regulating Fractional Real Estate Investment in Egypt Under the Supervision andIn light of the recent statement issued by the Financial Regulatory Authority FRA regarding the initiation oWed, 04 Jun 2025 12:29:38 GMTWed, 04 Jun 2025 12:29:38 GMT. In light of the recent statement issued by the Financial Regulatory Authority (FRA) regarding the initiation of concrete steps by several digital platforms specializing in fractional real estate investment to establish investment funds and obtain the necessary licenses for underwriting and promotion activities, Nawy Shares proudly affirms its position as the first entity to champion this regulatory path forward under the leadership and supervision of the FRA.  Nawy Shares is the fractional investment arm of Nawy, Egypt’s leading real estate platform. It was launched to provide flexible and secure investment opportunities in the real estate market, enabling individuals to own shares in real estate units thus promoting financial inclusion and expanding access to real estate investment.  Nawy Shares extends its sincere appreciation to the Financial Regulatory Authority for its pioneering efforts in regulating Egypt’s non-banking financial sector, its commitment to protecting investors, and its dedication to reinforcing principles of transparency and trust in this vital industry.  For over a year and a half, Nawy Shares has worked closely with the FRA’s technical and legal departments to understand the legislative and regulatory requirements needed to formalize its business model. We commend the Authority’s diligent work in establishing a clear and robust regulatory framework for fractional real estate investment models one that ensures investor protection and long-term sector growth.  The Authority’s announcement today marks a significant milestone and a culmination of collaborative efforts, laying the groundwork for a promising and well-regulated investment sector. In its official statement, the FRA noted: “The positive response from the applying companies reflects a growing awareness of the importance of adhering to legal frameworks and a clear desire to operate under an organized regulatory umbrella that safeguards all parties and contributes to market stability.”  Nawy Shares considers this recognition from the Authority a testament to its unwavering commitment, from day one, to legal compliance and regulatory alignment and to building a reliable, innovative investment model.  Ayman Magdy, Managing Director of Nawy Shares, commented: “At Nawy Shares, we are proud to be at the forefront of this transformation. What began as an idea has now become a tangible, regulated reality. From concept to execution, our vision has always been to empower individuals to invest in real estate in a smart and secure way. We are excited to continue this journey under a clear regulatory framework that protects investors and enhances market confidence.”  Nawy Shares is proud to be one of the first platforms to officially submit a request to establish a real estate investment fund and obtain the necessary licenses a move that reflects its deep commitment to operating within a sustainable and legally sound environment. Nawy Shares looks forward to continue collaboration with the Financial Regulatory Authority and all stakeholders to grow and support this innovative investment model, offering secure, accessible, and forward-looking opportunities tailored to the needs of Egyptian investors.https://www.iskanmisr.com/76901/Theqa-A-Flagship-Solution-by-Madinet-Masr-to-Eliminate-Maintenance-Deposit-Challenges-in-the-Real-Estate-Sector“Theqa” …A Flagship Solution by Madinet Masr to Eliminate Maintenance Deposit Challenges in the Real Estate SectorStemming its 65-year legacy and expertise in the Egyptian real estate sector, with its proven innovationTue, 02 Apr 2024 12:34:09 GMTTue, 02 Apr 2024 12:34:00 GMT.,&Stemming from its 65-year legacy and expertise in the Egyptian real estate sector, with its proven innovation leadership that aims to create cutting-edge solutions to the major challenges facing the sector and customers, Madinet Masr unveiled "Theqa" through its innovation arm, "Madinet Masr Innovation Labs". "Theqa" is considered the first-of-its-kind property warranty to replace the maintenance deposit by covering all maintenance of public areas and basic services in residential compounds, which guarantees high-quality maintenance across Madinet Masr projects to achieve added value to the project, thus increasing the unit’s value in the future."Theqa" is an innovative concept that is set to revolutionize the real estate market by addressing the concerns of customers. With "Theqa", Madinet Masr redefines mutual trust between the developer and the customer as it provides a “property warranty certificate” instead of the regular “maintenance deposit”, without requesting any additional increases or differences in maintenance for 13 to 20 years.This unprecedented solution provides a clear and more suitable experience for property owners, which aligns with the company’s strategy to drive growth in Egypt by developing sustainable communities, as well as creating innovative solutions to the pressing challenges in the real estate realm.Commenting on this milestone, Eng. Abdallah Sallam, President and CEO of Madinet Masr, stated: “At Madinet Masr, we believe in the power of innovation in overcoming the key challenges facing the sector. We don't only strive to create solutions that meet the aspirations of our customers, but we also tailor new flagship concepts that add value to the overall Egyptian real estate sector. Our customers’ confidence in the Madinet Masr name is driven by our proven expertise and 65-year legacy of providing the best real estate solutions and services, which prompts us to always take the lead in creating solutions to all the challenges facing the real estate sector and promoting real estate investment.”He added: "Our ambitious expansion plan's key objective is to fulfill the diverse needs of customers. As such, we dedicate our efforts through our innovation arm, 'Madinet Masr Innovation Labs' to come up with the latest solutions. We are proud to introduce the third concept after the proven success of 'SAFE' and 'Touba,' which is 'Theqa,' that aims to eliminate the challenges associated with the maintenance deposit. This milestone represents a key turning point in strengthening mutual trust between the developer and the customer, achieving added value, and removing the financial burden of the incremental differences in maintenance deposit.""Theqa" from Madinet Masr is set to revolutionize the Egyptian real estate market as it provides long-term clarity on customer expectations, thus promoting real estate investment, enhancing customer confidence in real estate developers, and creating a more transparent environment in the market.https://www.iskanmisr.com/76271/Mountain-Views-Ground-Breaking-Sales-Surpasses-EGP-61-billion-in-2023Mountain View's Ground-Breaking Sales Surpasses EGP 61 billion in 2023Mountain View has unveiled its 2023 achievements, a year marked by unprecedented success across all fronts, noMon, 12 Feb 2024 19:47:28 GMTMon, 12 Feb 2024 19:47:00 GMT.Mountain View has unveiled its 2023 achievements, a year marked by unprecedented success across all fronts, notably in sales. The company has surpassed the EGP 61 billion mark in total sales. Regionally, East Cairo boasts sales of EGP 38 billion, firmly establishing Mountain View as a dominant force in the area's real estate landscape. Similarly, the North Coast follows closely with sales totaling EGP 14.3 billion, underscoring the company's remarkable performance in the lucrative beachfront property sector. Additionally, West Cairo recorded sales amounting to EGP 8.7 billion. Moreover, in its relentless pursuit of excellence, Mountain View has unveiled plans to inject EGP 14.5 billion into strategic investments in 2024. These investments will facilitate the execution of ongoing projects, such as iCity New Cairo, iCity October, MV Ras El Hikma, LVLS and ALIVA. In addition to the expansion of the company's land portfolio, and initiation of new ventures, reaffirming Mountain View's commitment to innovation and growth in the Egyptian market. In reflection on this remarkable accomplishment, Eng. Amr Soliman, the Founder and Chairman of Mountain View, remarked, "The year 2023 stands as a testament to our unwavering commitment to excellence and our ability to achieve unprecedented milestones. The strategic vision embraced by our company has been instrumental in orchestrating our success across various fronts. We adeptly navigated through the economic headwinds confronting the broader Egyptian economy, particularly within the real estate sector. Hence, our significant strides this year are a culmination of a meticulously crafted strategy built upon several foundational pillars”.He added, “These include the introduction of groundbreaking projects featuring innovative concepts that not only surpassed customer expectations but also redefined industry standards within the Egyptian real estate landscape. Looking ahead, we harbor ambitious aspirations for the New Year, underpinned by a robust investment plan totaling EGP 14.5 billion. This underscores our unwavering confidence in the Egyptian investment climate and our anticipation of yet another year marked by remarkable accomplishments and unparalleled achievements. At Mountain View, we remain steadfast in our commitment to fostering sustainable and profitable growth, as evidenced by our ambitious investment agenda for 2024”.The company's skyrocketing sales, reflecting the outstanding performance achieved by Mountain View in 2023 on all fronts, were significantly bolstered by the launch of several projects with unprecedented concepts in the Egyptian market, namely ALIVA in Mostakbal City. Spanning 638 acres, the company’s newest offering to the real estate market ALIVA was launched with total investments reaching EGP 140 billion. The first phase of the project achieved record sales exceeding EGP 32 billion within days of its launch, making it the project with the highest contribution to sales in 2023. In addition to its strategic location in the heart of New Cairo's Mostakbal City, the project boasts many attractions, notably its innovative living experiences through 9 parks, in addition to The Lighthouse, the first experiential happiness destination in Egypt and the Middle East, which oversees all experiences and activities in the project based on the Science of Happiness."Expanding our land portfolio in 2023 played a key role in achieving remarkable sales last year, which exceeded EGP 61 billion, with projects like ALIVA, LVLS, iCity New Cairo, and iCity October being the top contributors to the sales volume achieved by the company throughout the year." Remarked Eng. Wael Ezz, Partner & Co-CEO at Mountain View.Moreover, Eng. Wael Lotfy, Partner & Co-CEO at Mountain View, said, “The bolster in sales is attributed to our precise understanding of customer needs and evolving trends in delivering a diverse array of concepts and novel experiences through ALIVA in Mostakbal City, along with The Lighthouse, which offers a distinctive experience aimed at inspiring customer participation in various community activities and seamlessly integrate into their urban community.”In 2023, Mountain View also launched LVLS in Ras El Hikma, North Coast, which introduces a new concept for summer housing, featuring units elevated 40 meters above sea level and designed across 6 levels to ensure most units have sea views. Spanning over an area of 200 acres and located in kilo 179 on the North Coast, LVLS units are distinguished by the white and blue color scheme characteristic of Mountain View, along with a hotel within the project. Sales of LVLS project on the North Coast ranked second in terms of sales after ALIVA, with all units sold within 48 hours of its official launch, reaching a total sales value of EGP 16 billion.The company's achievements in 2023 were not limited to achieving record sales but also witnessed the launch of The Lighthouse concept for the first time in a Mountain View project in Ras El Hikma, North Coast during the summer of 2023. The Lighthouse offers a range of distinctive activities to develop skills and stimulate creativity while applying the Science of Happiness standards. The introduction of The Lighthouse aligns with Mountain View's vision to cultivate neighborhoods centered around human-centric values, fostering an atmosphere of inspiration and creativity that transcends conventional residential settings. This concept aims to offer residents an integrated environment tailored to enhance their quality of life, providing diverse activities and programs suitable for all family members, thereby promoting a meaningful and enriching lifestyle experience, where the expansion of this concept is planned for this ambitious year.https://www.iskanmisr.com/76270/Misr-Italia-Properties-cooperates-with-CrowdStrike-to-Strengthen-Cybersecurity-MeasuresMisr Italia Properties cooperates with CrowdStrike to Strengthen Cybersecurity MeasuresIn a strategic move to embrace cutting-edge technological solutions, Misr Italia Properties MIP cooperates wMon, 12 Feb 2024 18:48:00 GMTMon, 12 Feb 2024 18:48:00 GMT. In a strategic move to embrace cutting-edge technological solutions, Misr Italia Properties (MIP) cooperates with CrowdStrike, a renowned cybersecurity firm; aiming to fortify the cybersecurity infrastructure within the company, ensuring the resilience of its information network and protecting customer and employee data against potential cyber threats or unauthorized access. Under the terms of this agreement, CrowdStrike will provide a portfolio of comprehensive services, including endpoint security and cloud operational load security, cyber threat monitoring, and responsive services. This initiative underscores Misr Italia Properties' unwavering commitment to fostering innovation and providing tangible added value to both its clientele and the broader real estate sector. This collaboration involvesleveraging CrowdStrike's expertise in cybersecurity services to secure MIP's technological infrastructure. As one of the leading real estate development companies striving to keep pace with modern technology and advanced data security methods. The contract also includes the provision of a comprehensive security defense system with open-response hours in case of cyberattacks, backed by a guarantee of up to $1 million in the event of any data breach. This illustrates CrowdStrike's confidence in the effectiveness of its solutions to counter any cyber threat, regardless of its severity. This is to reaffirm that Misr Italia Properties' strategy to collaborate with major entities to enhance the value of its projects and provide unique services to clients, aiming for an unparalleled living experience. CrowdStrike, being a global company with extensive experience in deploying cybersecurity, information security, and electronic cloud security solutions, aligns with MIP's goals to offer secure solutions for clients, protecting information systems and technological infrastructure, in line with sustainable development objectives and Egypt's Vision 2030. This cooperation underscores Misr Italia Properties' recognition of the critical importance of data security at a time when global losses from cyberattacks in 2023 reached $8 trillion. Cybercrime has become a sophisticated form of organized crime, involving attacks on servers, and corporate websites, data breaches, fraud, and theft of payment card data.  https://www.iskanmisr.com/68227/Ora-Developers-appoints-JLL-to-deliver-project-and-cost-management-services-for-two-major-developments-in-Egypt«Ora Developers» appoints JLL to deliver project and cost management services for two major developments in EgyptJLL, a leading professional services firm specialized in real estate, investment management, and developmentMon, 24 Oct 2022 12:15:25 GMTMon, 24 Oct 2022 12:15:25 GMT. JLL, a leading professional services firm specialized in real estate, investment management, and development consultancy services, has inked an agreement with global property developer, Ora Developers, to deliver full project management and cost management services on two major projects in Egypt. ZED East is a residential and mixed-use development spanning 360 feddan total land area between New Cairo and New Capital City. The first phase comprises development of 407 residential units, including villas, semi-detached houses, townhouses and chalets spread across approx. 52 feddan.   The second project is Silversands North Coast, a luxury community covering 500 feddans of 1km beachfront, located 4km from Almaza, between Sidi Henish Al Abd and Almaza Bay. The development features five-star hotels, residences - villas, beach houses and chalets - F&B outlets and spas. Phase 1 includes villas, semi-detached houses, chalets, a hospital, infrastructure and surrounding landscape. “We are delighted to receive this award which reinforces our reputation as one of the leading project management and cost management consultancies in Egypt and look forward to building a strong relationship with Ora Developers,” said Mohamed Nabil, Head of Project & Development Services Egypt at JLL.https://www.iskanmisr.com/67379/ADC-Developments-assigns-Ahmed-Samir-El-Desouky-chief-commercial-officerADC Developments assigns Ahmed Samir El-Desouky chief commercial officerADC Developments has appointed Ahmed Samir El-Desouky to be chief commercial officer CCO as part of the compSun, 18 Sep 2022 09:53:52 GMTSun, 18 Sep 2022 09:53:52 GMT.ADC Developments has appointed Ahmed Samir El-Desouky to be chief commercial officer (CCO) as part of the company's plan to use strong competencies within teamwork, and to benefit from diverse expertise that El-Desouky enjoys in many major real estate companies. CCO of ADC Developments Ahmed Samir El-Desouky has extended experience of up to 18 years in real estate market. During that period, he was listed in multiple positions in major real estate development companies, most notably; Talaat Moustafa Group, Coldwell Banker, SODIC, La Vista, Delta Group and UAE Damac. El-Desouky has acquired scientific experiences in addition to practical experiences, as he obtained a diploma in psychology from the National Center for Judicial Studies, and a diploma in sales and marketing from the American University, which added to his practical experience in real estate market, thus educational path would complete his career. CCO of ADC Developments Ahmed Samir El-Desouky expressed his happiness to join the company’s team, which is one of the leading companies in Egypt’s real estate market with more than 35 years of experience, highlighted the company’s success during its long journey in developing a variety of projects, as well as it maintained its credibility with customers. El-Desouky disclosed that he has a comprehensive and ambitious plan to work with the company during the coming period in order to support marketing and sales plan for projects that are currently being offered. Consequently, the proposed strategy focuses on benefiting from distinguished projects are being developed by the company and its strong precedent in real estate market. Additionally, linking this plan to the nature of target customers and the ease of delivering real estate product to them. He added that ADC Developments has succeeded in developing a large number of separate projects in Fifth Settlement, New Cairo, Heliopolis and Nasr City. Moreover, it has developed two residential compounds in Sharm El Sheikh, in addition to Katameya Breeze project in North Tessen Street in Fifth Settlement. The company eyes achieving strong sales in its projects during the last quarter of this year, depending on its reputation in property market, distinctive real estate products, and the presence of an integrated and skilled team that will cooperate with it to achieve this goal. Besides, the important role of all the company's departments and teamwork in achieving great sales, El-Desouky concluded.https://www.iskanmisr.com/66970/Inertia-launches-a-new-353000-sqm-phase-in-its-flagship-project-Jefaira-in-the-North-CoastInertia launches a new 353,000-sqm phase in its flagship project, Jefaira, in the North CoastAs part of its strategy to provide distinctive and unique real estate products to clients, Inertia announced tTue, 30 Aug 2022 11:41:43 GMTTue, 30 Aug 2022 11:41:43 GMT.As part of its strategy to provide distinctive and unique real estate products to clients, Inertia announced the launch of a new phase in its flagship project, Jefaira in the North Coast, named Ayla. The new phase spans over 353,000 sqm, with total investments worth approximately EGP 3.8bn. Eng. Ahmed El Adawy, CEO of Inertia, stated, “In light of the state's development of New Alamein and the North Coast, the entire region has witnessed an increase in demand as well as the development of more services in this region” El Adawy noted that the new phase, Ayla, includes distinguished units that meet the needs of a large segment of customers. The phase’s units vary between villas, townhouses, twin houses and chalets, with spaces comprising two and three rooms. 95% of these units overlook the lagoons, as well as 5% of the units overlooking green spaces with an area of up to 30 acres.About 84% of the project is comprised of greenery and open spaces and units will be fully finished upon delivery. Furthermore, the new phase will include a boutique hotel with a serviced beach. “Ayla encompasses swimmable lagoons stretched over 50,000 sqm. In terms of architecture, this phase is inspired by the architecture of the Mexican City Tulum. The project provides all services to ensure an integrated life for customers,” El Adawy explained. The company’s CEO disclosed, “Jefaira will not be a project intended for residence during the summer period only, but it will be a year-round coastal town. This is why the project, as a whole, includes non-residential elements such as educational, health and recreational services.” He stated that the project includes several phases, and the development of the first neighborhoods of the project, The Furl Neighbourhood, began in 2017, then The Quayside Neighbourhood in 2018, and The Cribs Neighbourhood in 2019. The built-up area of the project is 20% to accommodate open spaces & various services for the clients. The company will start the first deliveries of the project during the current year.  Jefaira is one of the Inertia’s largest projects, and is spread on 5.8 million sqm, and is situated in a prime location on the banks of the Mediterranean Sea in the North Coast.  Inertia is keen on providing a variety of services in the Jefaira, such as sports services, hotels, areas designated for children, gardens, parks, a hospital, commercial areas, and an educational area, provided that some of these facilities will be made available with the delivery of the first phase of the project.https://www.iskanmisr.com/66890/CGD-Development-launches-Glouvre-Side-New-Capital-with-EGP-500m-investmentsCGD Development launches Glouvre Side New Capital with EGP 500m investmentsWe are launching our new project with 30 years of experience in field of real estate development and investmenTue, 23 Aug 2022 19:34:23 GMTTue, 23 Aug 2022 19:34:23 GMT. We are launching our new project with 30 years of experience in field of real estate development andinvestment, says Khaled El-SallabCompany has studied the project carefully to provide a real estate product matches the strong competition in New Capital, says Ahmed Elghrory Company has contracted with MRB as a consultant to manage and operate the project and MTA office is an engineering consultant, says Ahmed Samir The Glouvre Side Business Tower is a continuation of a series of our previous successes in New CairoWe plan to develop new projects with investments worth EGP 700m in 2022, says Hossam ElghroryCGD Development announced the launch of its latest project in New Administrative Capital, Glouvre Side Business Tower, with a total investments worth EGP 500m, during a press conference attended by company officials, real estate marketing companies officjnials, and a group of media professionals and journalists. Khaled El-Sallab, Chairman of CGD Development, said that the company is launching this distinguished project with an experience of up to 30 years in field of real estate development and investment. During this period, CGD was able to develop various residential, commercial and service projects. El-Sallab added that the New Capital is one of the smart fourth-generation cities in which investment is an opportunity for every developer, and acquires a strong demand by customers, which will increase in conjunction with the high construction rate as well as the government move to the New Capital. He noted that the company aims through its new project to provide a distinguished real estate product in  all its details. He pointed out that the company was able to acquire a distinguished position in real estate market during its existence due to its focus on providing different and unique real estate products, engaging on demands of customers. Besides, focusing on after-sales services to maintain the project's investment value and maintain the highest quality in the project, as well as customers' trust in the company. Ahmed Elghrory, Managing Director at CGD Development stated, “All project details have been carefully studied, in order to present a product that takes into account strong competition standards in the New Capital, which supports the company’s plan to provide strong competitive advantages in the project, including adding advantages in operation as well as advantages in the project facades such as lighting reflectors that maintain the highest standards of sustainability and energy savings in the project. At the same time, giving an aesthetic value to the facade of the project. Elghrory pointed out that since the first day of the company’s inception, its goal was to leave an architectural and investment imprint in real estate market. In addition to, focus on beginning construction before marketing, which reflects strong financial solvency, as well as, enhance the confidence of customers in the company through a tangible presence of the project before the sale. Furthermore, the presence of realistic models of units that the customer can see before purchasing unit. He noted that the company has already implemented this principle in its new Glouvre Side project, which has already being constructed before it was officially launched, as the project earthworks have begun, which adds to the project's competitive advantages. He pointed out that the project is located in a strategic location, as it is located in the northern part of the Downtown area near the government district and the presidential palace, minutes away from the financial and business district, the Green River and the regional ring road.   The project also features a unique design in modern architectural style, inspired by one of architectural designs of the international designer, Zaha Hadid. The company has a strong precedent in developing its own projects and projects for the benefit of others through its experience in field of contracting and launching various projects such as power stations and residential projects, which are diverse and accumulated experiences that the company makes use of in its new project. Ahmed Samir, Vice Chairman of the company, stated that the project enjoys two views, one on the western axis of the Downtown and the other on the central garden. Samir said that the project consists of a ground floor, 12 floors, and 4 floors of an underground garage, one of them is hydraulic. Moreover, the project has several entrances for both the administrative and commercial properties to add more privacy, fluidity and sustainability. He added that engineering consultant, Mohamed Talaat, was contracted as a consultant for the project, and the MRB company was contracted to be a consultant for the operation and management of the project.   The CGD Development has contracted with MRB before constructing the project so that they can follow up all project designs and service points to allow modification before construction works to avoid any future errors and review activities in commercial units in order to achieve integration between them. He pointed out that management is one of the strong elements that maintains the strength and distinction of the project and maintains clients' investments in it, as well as maintaining it as a distinctive mark in the company's previous business history, consequently, the contract was made with one of the project's strong management companies that has long and distinguished experience in project management. Mohamed Abdel Azim, Board Member and Project Manager, pointed out that the Glouvre Side project is a continuation of a series of previous successes that the company made in New Cairo. Accordingly, the company continues this success in its new project, as the company aims to be ahead of  specified schedule of the project constructions. He noted, “I’m responsible to the company and clients for the specific schedule with clients, which was set based on strong studies and the company's commitment after ensuring its ability to precede this schedule, which enhances clients' confidence in the company, and maintains its credibility with clients. Hossam Elghrory, CEO of  CGD Development, elaborated that the company's expansion plan during the coming period targets commercial and service projects in New Capital and New Cairo.  He explained that the company owns a real estate portfolio that includes various lands in New Cairo, revealed that the company's second project to be announced soon. The company plans to develop commercial and mixed-use projects in New Cairo and New Capital in the current year with investments amounting to EGP 700m, Elghrory concluded.https://www.iskanmisr.com/66481/Inertia-announces-its-delivery-plan-for-2022Inertia announces its delivery plan for 2022With a strong delivery plan, supported by a strong volume of investments and construction work during the currWed, 27 Jul 2022 13:23:21 GMTWed, 27 Jul 2022 13:23:21 GMT.,Banque MisrWith a strong delivery plan, supported by a strong volume of investments and construction work during the current year, Inertia has announced during a press conference held today the details of its investments and marketing plan for the current year and what was achieved during Q1 & Q2. Eng. Ahmed El-Adawy, CEO of Inertia, said that the company has a strong plan for the current year, with a strong focus on construction in all its projects. The company is planning on delivering 1,600 units across various projects. As part of the company's plan to maintain the confidence of its customers and maintain their satisfaction, 800 units have been delivered across all Inertia projects. El-Adawy added that the company’s current portfolio includes 8 developments that span across Cairo, the Red Sea, and the Mediterranean offering residential properties, a fully integrated town, as well as cutting edge health care and commercial facilities. To date, 4 of these projects have been completed and delivered and 4 are currently under construction. He pointed out that the company's construction plan for the current year includes the implementation of construction contracts worth EGP 2BN, and the implementation rates of the company's projects are according to the specific plan, noting that commitment to the rates of implementation and delivery is an essential part of the current year's plan.  He stressed that the real estate market has faced several challenges since the beginning of this year - which has been affected by global economic changes - but the governmental support and the flexibility of companies in dealing with these changes, in addition to the presence of real demand, were key factors in maintaining the strength of the sector. He added that the company aims to achieve contractual sales worth EGP 4BN in its projects for the current year, and has achieved the desired target of this plan during Q1 & Q2, supported by the presence of real demand and high rates of construction works in its projects, in addition to offering a wide array of unit types with various payment systems for all its projects. He added the company is currently delivering two projects in West Cairo: Joulz & Soleya. Joulz is located on the Cairo-Alexandria Desert Road and consists of 1,152 residential units containing an array of apartments, townhouses, twin houses and stand-alone villas. Soleya consists of 172 units built on area of 19 acres. Its product mix includes apartments, townhouses and stand-alone villas. The company  has 2 projects in the Red Sea; G Cribs in El Gouna, on an area of 17,000 square metres and includes 99 units in its first phase, G Cribs Phase II which includes 231 units on an area of 25,000 square meters and is currently being delivered, and Veranda, which includes 183 delivered units in Sahl Hasheesh. He pointed out that the company will start delivering "Brix" this year, which is a residential project that includes 194 units, and is located on an area of 44,000 square meters. He added that delivery will also start this year in "Jefaira", Inertia’s flagship all-year round project. Located on the banks of Egypt’s mesmerizing Mediterranean coast, Jefaira stretches across 5.8 million square meters. The project will include an array of facilities & amenities such as medical facilities, educational facilities, hotels, parks, sports academies, and clubhouses, to name a few.  Currently, the project includes three launched neighbourhoods: The Furl Neighbourhood, The Quayside Neighbourhood, and The Cribs Neighbourhood. The project includes standalone villas, twin houses, townhouses, chalets, apartments and studios. The construction ratio of the project is 20% and the rest is open spaces and leisure facilities, ensuring a distinctive and integrated residential experience for customers within the project. Eng. Ahmed El-Adawy said that Inertia is one of the first companies which succeeded in acquiring all governmental licenses for Jefaira and that the project fits with the state's plan to operate the coastal areas throughout the year and not only during the summer season, by providing an integrated life and various services that achieve this goal. He pointed out that the company will start delivering "Brix" this year, which is a residential project that includes 194 units, and is located on an area of 44,000 square meters. The company also delivered its the commercial project Medipoint Sheikh Zayed, which includes 29 medical clinics. He stressed that the company focuses on the implementation of its current projects and raising the rates of construction and delivery, in addition to studying any attractive investment opportunities, the company is sure of their feasibility and adding them to the company's portfolio of projects, especially with the diversity of investment opportunities available in the real estate market in light of the comprehensive urban development that the state is currently implementing. He added that the company's total land bank portfolio amounts to 7 million square meters, from which 1.8 million square meters are under development and 1.5 million square meters are being developed in "Jefaira". El-Adawy added that the company signed a cooperation protocol with Banque Misr, granting it a  medium-term Islamic financing of EGP 1.1 bln allocated to the construction of Jefaira with facilities extending to 8.5 years. Another financing contract worth EGP 575 MN was signed with Banque du Caire and has been funded and paid in full. Meanwhile, he praised the importance of the controls recently approved by the cabinet of Ministers to regulate the real estate market, which focus on protecting the interests of customers and developers at the same time, which contributes to regulating the market, which has witnessed remarkable growth during the recent period and achieves a balance in the relationship between all parties, as it maintains the strength of the real estate market which contributes to about 18% of the GDP.https://www.iskanmisr.com/65834/Launching-AkamAlRajhi-for-real-estate-developments-with-Egyptian-Saudi-investmentsLaunching AkamAlRajhi for real estate developments with Egyptian-Saudi investmentsIn a step that emphasizes the strength and the great performance of the Egyptian economy and its ability to atTue, 14 Jun 2022 15:13:42 GMTTue, 14 Jun 2022 15:13:00 GMT.In a step that emphasizes the strength and the great performance of the Egyptian economy and its ability to attract more foreign and Arab investments, Akam Developments and the AlRajhi Saudi Group launched AkamAlRajhi Developments company,in the presence of a number of officials in the Saudi government, the Egyptian-Saudi Business Council and Saudi businessmen, which happened in accordance with the massive urban development that Egypt is witnessing now, which makes it the most attractive for investments. Eng. Abdulwahab Saleh AlRajhi, Chairman of AlRajhi Saudi Group, expressed in his speech during the press conference, his happiness for his presence in his second homeland, Egypt, and his new joint venture with Akam Developments, assuring that as Saudi businessmen, they are happy to have investments on its land, especially with the tremendous development Egypt is witnessing, under the leadership of President Abd El Fattah El Sisi, who paves the way for more investment opportunities and increases the chances of the Egyptian-Saudi partnership. AlRajhi pointed that this new joint venture aims to expand the group’s investments in Egypt, in the presence of the opportunities the Egyptian market is witnessing, especially the real estate sector, which is witnessing a huge boom in mega projects as The New Administrative Capital, smart cities that are being implemented in various cities in Egypt, supported by the great development in infrastructure, which made Egypt an attracting point for all investments from various nationalities, and this is what made them invade the Egyptian real estate market and establish a new entity under the name "AkamAlRajhi", with Akam Developments, which has great achievements and ambitious visions that aligns with their strategy and future goals. AlRajhi added that their choice of Akam was not randomly but due to a detailed study and conviction of the company's approach  and vision in real estate development, which depends on a modern strategy that relies on innovation and seeking for quality of life for its clients and bringing them happiness, through deep market studies carried out by the company's studies center, pointing that among the items that distinguished the company than others is the “humanization of real estate” approach which is represented in dealing with real estate and urban construction in very innovative and philosophical ways that depends on transforming the solid building to a society that radiates life and happiness and becomes a source of comfort for its residents, and this is what appeared clearly in Akam's previous projects, which recorded great successes that enabled them to compete with major real estate companies, and this vision is what prompted them to complete this joint venture, which will make a turn out in the Egyptian market with a series of huge projects based on study and analysis of all clients' requirements, which will make a major transformation in this market.  Eng. Essam Mansour, CEO of Akam Developments, said in his speech that launching the new company “AkamAlRajhi” is an important and significant turning point in Akam's procession, expressing his pride by this new entity, which was born giant because it combines between AlRajhi Saudi Group with a long history and great position in the Arab market in various investment sectors, and between Akam Developments, which has an innovative vision in implementing projects that meet the clients' needs, and adopts brining happiness for its clients in its projects. Mansour added that Akam relies in its strategy on an accurate study of the reality and developments of the Egyptian market and designing and implementing unique projects that meet the clients needs, and our strategy is also based on identifying problems and developing solutions before planning any project, and this is the key behind achieving this success, and we also rely on offering a real estate product that the Egyptian market has never known before, keeping pace with the new shift and the urban renaissance supported by the Egyptian state under the directives of President Abdel Fattah El-Sisi.   Mansour assured his confidence in AkamAlRajhi Company, and that it will provide the Egyptian market with a different product that meets the aspirations of their clients, revealing that the first fruitful result for this joint venture will be a giant project in the North Coast, and will be a starting point for a series of successes that meets the aspirations of two large entities raising the same slogan; happiness, quality of life and innovation, and able to win the confidence of clients in the Egyptian and Arab markets, and achieve great successes that add to the Egyptian real estate sector, and open the way for more partnerships between businessmen in both countries, not only in real estate, but in more sectors that meet the aspirations of the two nations.  Edris Mohamed, CEO of AkamAlRajhi expressed his happiness for choosing Akam Developments to be the exclusive strategic partner of the AlRajhi Saudi Group in real estate development in Egypt, and to launch a new entity called “AkamAlRajhi”, assuring that it will be a strong addition to the sector in the Egyptian market. Edris referred to the importance of this joint venture and its role in implementing new projects distinguished by innovation and meeting the real needs of clients’ as an essential and authentic part of the company’s vision, showing that Akam is keen on presenting innovative projects which achieves great success in the Egyptian market, and this is a natural result of the studies presented by the company’s research center, which undertakes a detailed, clear and accurate study that may reach long months for the Egyptian market to cover all the aspirations and problems of clients as part of the company's role in developing projects.  Mohamed added that the real estate development concept of the group of partners is not just about building walls or concrete buildings, but rather building living communities to reach the philosophy of "humanizing real estate", which is one of the most important innovations of Akam Developments Company, after years of studying the needs of all our clients and providing quality of life and happiness in every project.https://www.iskanmisr.com/65357/Marvel-Group-launches-Egyptian-Property-Market-exhibition-on-19-MayMarvel Group launches Egyptian Property Market exhibition on 19 MayEgypts marketing company Marvel Real Estate intends to launch first edition of Egyptian Property Market EPMSat, 14 May 2022 22:26:37 GMTSat, 14 May 2022 22:26:37 GMT.Egypt’s marketing company Marvel Real Estate intends to launch first edition of Egyptian Property Market (EPM) EXPO on 19 May, with the participation of more than 25 real estate developers and sponsored by major property companies in Egyptian market, including Menassat Developments, MBG and Khaled Sabry Holding. Mahmoud Shams, CEO of Marvel Group, the organiser of the exhibition, said that the exhibition is witnessing strong participation from major real estate companies, as it showcases more than 100 diverse and distinguished projects in areas of New Administrative Capital, Mostakbal City, Ain Sokhna and Galala City. Shams added that the company aims to record volume of sales exceeding EGP 400m during the expo period. He added that the company has a carefully set a considered plan to launch a series of major property exhibitions inside and outside Egypt under the auspices of the state during the coming period. It is planned to organize three other exhibitions in different governorates and an exhibition in Kuwait besides another in Qatar in the current year. He pointed out that the timing of the exhibition coincided with imminent opening of the New Administrative Capital and the start of life in Galala city, which makes it the best opportunity for investors at the present time.  Egypt’s property has proven over the past years that it is the most profitable investment, and a safe haven to preserve value of savings from decrease during various crises, he elaborated. Sales Director at Marvel Group Mahmoud Ibrahim said that the exhibition will be held for three days in social club of Suez Oil Processing Company from 11 am to 11 pm, highlighted that exhibiting companies were chosen very carefully, especially since customer is always looking for credibility of companies and quality of projects.  For his part, Ahmed Adel, sales general manager, stated that exhibitors will showcase exclusive offers and discounts to exhibition visitors of up to 58% with payment plan up to 15 years. Adel disclosed that diversification in projects portfolio and offering exclusive offers are essential elements that Marvel Group relies on for the success of the expo. The company noted that the idea of organizing the exhibition first edition in Suez governorate, one of Suez Canal governorates, came due to high purchasing power there and the appetite of many investors to buy real estate assets from companies that enjoy confidence and credibility in local market, which is what the company was keen on when choosing the exhibiting companies. A group of major real estate development companies will participate in the exhibition, namely, Dar Misr Development, Lasirena group, United For Real Estate Development, Manara Developments, Reportage properties, Taj Misr, Mazaya Development and other urban development companies from among entrepreneurs in Egypt.https://www.iskanmisr.com/64521/Jumeirah-Egypt-launches-Cove--as-its-second-project-in-New-ZayedJumeirah Egypt launches «Cove » as its second project in New ZayedJumeirah Egypt Real Estate investments announced launching its second project in the real estate market in oneTue, 15 Mar 2022 10:57:36 GMTTue, 15 Mar 2022 10:57:36 GMT.Jumeirah Egypt Real Estate investments announced launching its second project in the real estate market in one of the most prominent areas in the New Zayed district, as part of the company's expansion plan, which aims to implement several diverse residential projects during the coming three years in several new cities to align with the state's views in achieving urban development and planned expansions to increase the urban area in Egypt.Eng. Hisham El-Danasoury, Jumeirah Egypt CEO, said during a press conference held by the company to announce all the details concerning its new project "Cove", which is located in New Zayed directly on Cairo-Alexandria Desert road, on an area of 50 acres as a first phase, with 4 billion pounds as estimated total initial investments, thus the company's total investment in the market reached 11 billions, pointing out that the project is a luxury residential one due to the area in which the land is located, which is considered one of the most developed areas in New Zayed, pointing that the project includes 168 units in the first phase and consists of Standalone villa, Townhouses, Twin houses, and the architectural designer of the project is El Ghoneimi Architects.    El-Danasoury added that they are targeting, through their presence in the Egyptian market, to implement exceptional projects that align with the unprecedented urban development that Egypt is witnessing now, and fulfill the desires of clients in providing a real estate product that makes a difference in the Egyptian market, thus the company always keening to choose the locations of its projects with great care and uniqueness in terms of the project site, which is minutes away from the main axes and roads, as “Cove” is 10 minutes from 26th of July axis, 9 minutes from Rod Al Farag axis, 6 minutes from Lieutenant General Mohamed Ali Bridge, 10 minutes from Sphinx Airport, 5 minutes away from Dabaa axis, 19 minutes away from Juhayna Square and the Dahshur link, and 34 minutes away from the New Egyptian Museum, in addition to the company’s keenness to diversify the project’s areas which vary from 290 m²   to 380 m²   for Stand Alone villas, from 235 m²   to 270 m²   for Twin Houses, and 200 m²   for Town Houses, to apply all the client's desires, and provide high-class projects and distinguished services to be a strong addition to the Egyptian real estate market and exceeds all expectations and contributes strongly in changing the concept of architecture and sustainable development, whether for NAIA BAY project or all of the company's future projects.He explained that "Cove" project has many advantages, as the road frontage includes Club Houses specialized for the project, a commercial entertainment area, and a mosque, and very soon will be an announcement concerning trade and entertainment  brands, also Facility Management Company that Jumeirah Egypt will contract with for “Cove” project, as the company managed in less than a year of its presence in the Egyptian market, to launch two projects, the first is NAIA BAY project in the North Coast in Ras Al-Hekma area, with an investment volume 7 billion Egyptian pounds, which is designed on the modern Greek architectural style by El Ghoneimi Architects, as NAIA BAY project was very popular in terms of area variety as it ranges from 65 m²  to 520 m², and the type of units varies from Standalone Luxurious Villas, Town Houses, Twin houses, and Chalets, and NAIA BAY project is one of the most distinguished projects in the North Coast, due to the presence of Crystal Lagoons with an area of 60,000 m² that includes a private beach for all units of the project.    He pointed out that the company is working hard to upgrade the concept of residential communities in terms of choosing the most distinguished locations and offering the best services to enhance the vision of the political leadership in Egypt in terms of building urban and residential communities and ensuring the comfort of its residents and the state’s vision for the year 2052 to achieve comprehensive sustainable development and real estate products with an investment value that provide its residents' comfort, happiness and reassurance, showing that the company’s plan during 2022 is to expand by offering more projects and that their next destination will be a new project in East Cairo due to the very high demand that this vital area enjoys.https://www.iskanmisr.com/64141/Developers-Holding-announces-its-investment-plan-driven-by-its-long-history-and-ambitious-business-strategy-by-launching-two-new-brands-Nyoum-for-residential-projects-and-Sia-for-coastal-projectsDevelopers Holding announces its investment plan driven by its long history and ambitious business strategy by launching two new brands “Nyoum” for residential projects and “Sia” for coastal projectsCommitment to time deliveries maintains confidence of our existing customers and doubles the companys potentiWed, 23 Feb 2022 16:44:43 GMTWed, 23 Feb 2022 16:44:00 GMT.,2020,2021 Commitment to time deliveries maintains confidence of our existing customers and doubles the company's potential client baseThe company boosted construction works and deliveries during 2020 - 2021 despite COVID-19 crisisWe are targeting to surpass EGP 2bn of sales during 2022We plan to deliver more than 2,000 units over our various projects in 2022We aim to direct EGP 1.5bn into our projects this year to speed up construction rates and deliveryThe company launches two new brands “Nyoum” for our residential projects and “Sia” for our coastal projectsThe strength of Egypt’s real estate market supports our expansion plan for the coming period  With a long history full of confidence and commitment, a new business strategy based on a clear, specific and carefully studied vision, in addition to developments of the company's shareholding structure. Arab Developers Holding has now launched from Egypt to continue and further develop its regional real estate business  he company held a press conference that included its leaders and a number of prominent journalists, to announce the developments that the company witnessed during the past two years, in addition to the most prominent features of its upcoming plan for the coming period.For his part, Gamal Fathallah, Chairman of Arab Developers Holding, confirmed that the company has a new business strategy based on several pillars. Most notably commitment with its customers and maintaining their confidence and raising their level of satisfaction. In addition to, continuing to develop our current projects, we seriously study and look forward to new investment opportunities that we find feasible and profitable, and all our work axes must be accompanied by innovation and creativity in every detail. Fathallah noted, “With the entry of Arab investors to the company's shareholders' structure, it was decided to change its name from Porto Group to Arab Developers Holding, in line with the vision of new board of directors and desire for formal and fundamental change that would contribute to enhancing the company's reputation in the real estate market. He highlighted that the company has taken two years since the entry of new Arab partnerships for administrative restructuring, and the development of a new specific workplace strategy known to all parties, starting from the top management and down to all employees to ensure that everyone works with one clear, shared unified vision. He disclosed that the company's new business strategy led to results transformation from losses of EGP 9m during the first nine months of 2020 to record a EGP91m in profit in the same period for 2021.  He pointed out that the company's total projects portfolio includes 15 projects, 10,500 sold out units, and 7,500 delivered units.  The company's total land bank includes 5.27 million sqm, consisting of land plots that are 100% owned by the company and some are revenue shared projects partnerships. he disclosed, since the company’s inception it has invested over 10.5B EGP to complete around 31% of its total work in progress across all of its local and regional projects. Fathallah stated that the company did not focus only on investment and development in Egyptian real estate market, but had set its sights on external expansion and headed to promising markets in the region, such as Morocco and Jordan. He went on to say, "The company has developed various projects throughout the Arab Republic of Egypt.  and decided to take our experience abroad to launch and relaunch our two promising projects Sia Aghadir (formerly Porto Aghadir) in Morocco, and Sia Dead Sea (formerly Porto Dead Sea) in Jordan.” Furthermore, he explained that the company’s current and future policy puts the customer first in mind, focuses on meeting their current and future needs, respecting all customers' rights and achieving their expectations and trust in the company. Moreover, maintaining quality as a basic standard that the company does not waive in all its projects in order to maintain its credibility and clients confidence. “The Arab Developers Holding’s current shareholder structure includes the Emirati Asmak Company with 19.7%, investor Abdul Salam Masood Abdelkarim with 8.5%, and some Arab and Egyptian individuals. Additionally, the company aims to record sales exceeding EGP 2bn in 2022, based on the diversity of the company’s products and the provision of various payment plans, as well as the continued presence of strong demand for property,” he explained. “Over and above, the company is open to all forms of financing in case of a need for external financing, and in general, we start our projects with self-financing. In the case of a need for new financing, the company studies all available alternatives and chooses the best fit for it.” The company’s chairman disclosed that it is planned to deliver more than 2,000 units during the current year, added, “Delivery is the top priority for the company.” He stressed that Central Bank of Egypt’s mortgage finance initiative at an interest rate of 3% is one of the distinctive mechanisms carried out by the state to bridge gap between purchasing power of customers and property prices, and enables a large group of citizens to afford housing units with their financial capabilities. Real estate market would see price increases during the next stage due to high cost of construction process, he believed, concluded that his company has a plan to deal with these price changes by offering various and flexible payment terms to its customers. Along with, offering prices that achieve a strong growth rate for customers in the value of their units. Arab Developers Holding’s CEO Ayman Bin Khalifa stated that the new management's workplace strategy focuses on several axes, the most important of which is focusing on delivery. Bin Khalifa added that the company plans to deliver more than 2,000 units in its projects during the current year, noted that the company plans to inject investments in construction worth EGP1.5bn in 2022. He said that the brand of Arab Developers Holding includes Nyoum, which is intended for residential projects developed by the group, and Sia, which is dedicated to coastal projects, and the brand of the projects has been changed to Nyoum or Sia according to project nature. He further pointed out that the Nyoum brand now includes projects of Nyoum October,  Nyoum Pyramids, Nyoum Assiut, Nyoum New Cairo, Nyoum El Mostakbal, and Nyoum Cairo Residence. Meanwhile, Sia brand now includes projects of Sia Villagio in Golf Porto Marina North Coast, Sia Matrouh, Sia Lagoon, Sia Island 1 and Sia Island 2. The company’s CEO elaborated that since the beginning of business of the new management of Arab Developers Holding, it has focused, besides restructuring the group administratively, and developing a strong work strategy that enhances its position in Egyptian and regional real estate market, on expediting delivering delayed units because of circumstances beyond the company's control, including COVID-19. “Despite this crisis, construction rates and delivery according to clients’ testimony were the highest in the company’s projects during the past year. Accordingly, the company began scheduling delayed units and delivering them to customers, more than 1,200 units, which won the satisfaction of a large number of the company’s clients who have already received their units and others who are waiting for their delivery dates, which reflects their confidence in the new management and its working mechanisms,” Bin Khalifa explained. He pointed out that the company's portfolio of projects includes various projects in multiple areas that achieve geographical diversification in the local market, including the Nyoum El Mostakbal project, which overlooks Al-Amal axis, the main entrance to the administrative capital from the Suez Road. The development is located on 683,000 sqm encompasses villas, buildings, green spaces and golf courses. Spanning over 390,978 sqm in New Nasser city(Al Hadaba), the Nyoum Assiut project is an integrated project includes apartments, villas, shops, a hotel, a school and clinics. The development was launched in 2020. The Nyoum October project  was launched in 2013 on an area of 1.381 million sqm. The project includes the largest fountain to be opened soon, the largest open mall, in addition to a hospital, a club and three schools. In the meantime, the Nyoum Pyramids project embraces luxury apartments with swimming pools, a social club, a tourist walkway and a hotel with a capacity of 44 rooms. The project is located on the Cairo-Alexandria Desert Road, near the Grand Egyptian Museum and Sphinx International Airport. He added that the Nyoum New Cairo project is a residential tower that includes luxury apartments and a huge commercial mall. In addition to the Nyoum Medical Hub project, which is a medical project located near New Cairo. As for the projects bearing the Sia brand, namely are Sia Lagoon, which is situated within the Golf Porto Marina project, on 41056 sqm. The lagoon was opened in the project last summer, which was implemented by International company Crystal Lagoons. Moreover, the Sia Matrouh project which is part of Porto Matrouh, besides, the Sia Villagio project in North Coast, which includes 539 villas and 42 shops. Outside Egypt, Bin Khalifa explained that the company is developing the Sia Aghadir and Sia Dead Sea projects, as the Sia Aghadir project spans over 1.2 million sqm. It is an integrated residential, tourist-entertainment project. The Sia Dead Sea project stretches over19,534 sqm, and the company has delivered first phase, and the second phase will be launched soon that includes 440 apartments, 120 hotel rooms and 40 shops. Egypt’s real estate market is characterized by strength, regardless of size of challenges it faces, which supports the companies' plans for continuous expansion in this promising market, as well as the continued existence of investment opportunities resulting from comprehensive and unprecedented urban development undertaken by Egypt, he said. Moreover, real estate investment and construction sector accounts for about 15% of GDP, he concluded.https://www.iskanmisr.com/63657/Nakheel-Developments-receives-a-delegation-from---on-a-visit-to----in-the-New-Administrative-CapitalNakheel Developments receives a delegation from "𝐓𝐢𝐦𝐞 𝐇𝐨𝐭𝐞𝐥𝐬" on a visit to "𝐃𝐨𝐮𝐛𝐥𝐞 𝐓𝐰𝐨 𝐓𝐨𝐰𝐞𝐫" in the New Administrative Capital.Nakheel Developments has received representatives of on an inspection visit to theSun, 30 Jan 2022 09:44:56 GMTSun, 30 Jan 2022 09:44:56 GMT."Nakheel Developments" has  received representatives of "𝐓𝐢𝐦𝐞 𝐇𝐨𝐭𝐞𝐥𝐬" on an inspection visit to the "𝐃𝐨𝐮𝐛𝐥𝐞 𝐓𝐰𝐨 𝐓𝐨𝐰𝐞𝐫" project in the New Administrative Capital, which coincides with the start of the Levelling works in the project.Eng. Emad El-Tabbakh, Chairman of Nakheel Developments, said that the company started implementing the Levelling works for the project according to the planned schedule, and its about to extract the rest of the implementation licenses in preparation for a strong start in the implementation work. During the coming period, He explained, accelerating implementation rates would reduces the risks of inflationary waves and prices increase. He added that Nakheel Developments is cooperating with 𝐓𝐢𝐦𝐞 𝐇𝐨𝐭𝐞𝐥𝐬 at "𝐃𝐨𝐮𝐛𝐥𝐞 𝐓𝐰𝐨 𝐓𝐨𝐰𝐞𝐫" project in the New Capital, as it is responsible for managing the hotel department in it, and it is the first project managed by 𝐓𝐢𝐦𝐞 𝐇𝐨𝐭𝐞𝐥𝐬 in the New Administrative Capital, as part of the company’s plan to cooperate with global distinguished entities in the project.  He added that the project is a ( Commercial - Administrative unit - Hotel apartments ) built on an area of 9000 square meters, and the commercial part is being implemented on an area of 45% out of the total area of the region, and the expected investments for the project are about 3 billion pounds, and the project is planned to be delivered within 3 and a half years.He added that the project includes all the elements of excellence, starting with the selection of the site and partners for successful implementation of the project, in addition to providing various and distinctive payment systems for clients that commensurate with the purchasing capabilities and market variables.Mohamed Awadallah, CEO and Managing Director of 𝐓𝐢𝐦𝐞 𝐇𝐨𝐭𝐞𝐥𝐬, emphasized the uniqueness of the project's location in the New Administrative Capital, as it is the first project managed by his company in the Administrative Capital, and the company's third project in the Egyptian real estate market, which reflects the company's cure selection of projects to take the responsibility of its management.He added "This is our first visit to the New Administrative Capital, and what we found was more than what we expected and heard concerning the volume of achievements in the city, as there is continuous work in all the project's axes, and wide achievements that took place in record time which drives  the project towards globalization very rapidly".He pointed out that Nakheel Developments has succeeded in seizing a distinctive location for "𝐃𝐨𝐮𝐛𝐥𝐞 𝐓𝐰𝐨 𝐓𝐨𝐰𝐞𝐫" project, which makes it one of the prominent signs in the area in which it is located, and it is expected that as the project  implementation phases progresses, distinctive signs that clients and visitors of the Administrative Capital will notice.𝐓𝐢𝐦𝐞 𝐇𝐨𝐭𝐞𝐥𝐬 operates five prestigious brands in the UAE, and the group has won several awards, including "Best Mid-Market Hotel Brand" award by "Arabian Travel Awards", and "Best Family Hotels in the Middle East" award by "World Luxury Hotel Awards", all of which make 𝐓𝐢𝐦𝐞 𝐇𝐨𝐭𝐞𝐥𝐬 a strong strategic partner for Nakheel Developments.https://www.iskanmisr.com/63147/Egypt-experiences-a-huge-urban-development-based-on-specific-vision-rapid- business-development-Islam-HamdyEgypt experiences a huge urban development based on specific vision, rapid business development: Islam HamdyIslam Hamdy CEO at Reportage Properties stated that Egypt is experiencing an unprecedented urban development bMon, 03 Jan 2022 11:04:10 GMTMon, 03 Jan 2022 11:04:10 GMT.Islam Hamdy CEO at Reportage Properties stated that Egypt is experiencing an unprecedented urban development based on a specific and ambitious vision. The development process is supported by rapid execution of development projects, and the provision of all facilities that enable private sector in all sectors to participate in development process, which in turn is stimulating investments. Hamdy added that Egypt is currently seeing remarkable volume of investment opportunities in a number of promising new cities, which attract local and foreign investors to take advantage of these distinguished investment opportunities and legislations  contributes to maximizing these investment opportunities. He further noted that the country is developing a national road network linking all new cities together in order to reach comprehensive reconstruction, as roads are heart of development that achieve rapid reconstruction of these new cities and facilitate movement of citizens, which serve the state's goal of distributing population over area of Egypt and transferring urban congestion from the capital to new cities. He said that Egypt’s real estate market enjoys competitive advantages that make it at the forefront of markets that foreign investors are looking for. Accordingly, it enjoys a real and strong demand based on population increase and a large gap between supply and demand, in addition to the presence of investment opportunities to develop projects with various types, whether residential, commercial or administrative.Reportage CEO pointed out that his company has a pioneering investment experience in  Egyptian real estate market through its subsidiary Reportage Egypt which is developing Montenapoleone project in Mostakbal City, east Cairo in partnership with Al Ahly- Sabbour Developments.He explained that this development is featuring facilities provided by the Egyptian government to support foreign investment.Montenapoleone is an integrated urban project spanning over 111 acres in Mostakbal City, east Cairo, he noted, pointed out the project is being carried out in partnership with Al Ahly Sabbour Developments and it is scheduled to be delivered by 2025.https://www.iskanmisr.com/62814/Nakheel-Developments-Completes-marketing-of-the-first-phase-of-Double-Two-Tower-project-in-the-New-Administrative-Capital"Nakheel Developments" Completes marketing of the first phase of "Double Two Tower" project in the New Administrative CapitalNakheel Developments announced the completion of the first phase of marketing Double Two Tower project in thMon, 20 Dec 2021 12:00:53 GMTMon, 20 Dec 2021 12:00:53 GMT.Nakheel Developments announced the completion of the first phase of marketing "Double Two Tower" project in the New Administrative Capital, in such a record time, based on the company’s credibility and cooperation with distinguished international trademarks within the project. Sherif El Domyati, Head of Commercial Sector at Nakheel Developments ,said that achieving these distinguished sales results in a record time reflects confidence in the company within the real estate market, and as a result of providing flexible payment plans that suit the needs of targeted customers, in addition to the presence of continuous activity in the real estate market. El Domyati explained that this stage represents 35% of the total project,  targeting 3 stages for marketing sales.   The projec consists of Administrative Commercial units and Hotel Apartments, with total area  9000 square meters, and the commercial part is being implemented and now occupies the ground and first floors on an area of 4000 meters for each floor, which represent 45% of the total area of the project, and the rest of the floors on an area of 1350 square meters for each floor representing 15% of the total project area.  He pointed out that the company is cooperating with several strong and distinguished entities to implement an integrated project in the New Administrative Capital, as it cooperates with Mimar Egypt Architecture & Engineering, "EFS Facilities Services", and "Time Hotels" to implement a unique project. Also, He stated that the transfer of government district employees to the new administrative capital  will contribute to achieve more sales during the coming period, as it brings life as a result of increasing  working hours in the capital, which encourages more customers to settle there.   He added that the administrative capital is the new Republic of Egypt, including the inauguration of a new smart and sustainable city that commensurates with the state's plans to implement comprehensive urban development, and it also serves as a safe environment for investment with a renewable and high return for the client.https://www.iskanmisr.com/62813/Gates-Developments-records-EGP-18bn-in-sales-of-its-projects-in-2021Gates Developments records EGP 1.8bn in sales of its projects in 2021 Gates Developments announced recording EGP 1.8bn in sales of its projects in 2021, with a growth rate of 130%Mon, 20 Dec 2021 11:59:48 GMTMon, 20 Dec 2021 11:59:48 GMT.,2021,2020Gates Developments announced recording EGP 1.8bn in sales of its projects in 2021, with a growth rate of 130% compared to the end of 2020. Ali Gaber, chief commercial officer at Gates Developments, said that achieving these strong sales is based on several axes that depend mainly on a specific and comprehensive marketing strategy implemented by the company’s work team and in cooperation with success partners in various sectors. In addition to an administrative restructuring carried out by the company at the beginning of the year. Gaber added, “In the beginning of the current year, Gates Developments has identified its strengths elements that require further consolidation, and identifying the company's internal challenges in the market in general, in a full-detailed market study through which work mechanism and targeted sales plan are identified.” He pointed out that the most prominent elements of strength on which the business of Gates Developments is based on accelerating construction rate in its various projects which depends on strong investment plan to oblige to delivery timetables. He further noted that the company has a diverse portfolio of projects that meets demands of a larger segment of customers as well as flexibility in payment systems that take into account needs of target customers. Direct marketing represents 36% of the company’s sales registered in 2021. Moreover, the company has cooperated with a number of marketing companies, whose number has increased to nearly five times, he disclosed. Gaber praised the vital and successful role of success partners namely real estate marketing companies in accomplishing sales plan for the year. He pointed out,” In 2021, the company has sold 91% of Catalan project, which is located on 40 acres with a total investment of EGP 1.8bn in the heart of New Administrative Capital’s R7 area. Moreover, the company managed to sell 70% of Audaz commercial project in the New Capital, in addition to 70% of commercial project West Gate, in 6th Of October city, west Cairo.” This volume of sales reflects the continued strength of Egypt’s real estate market as a safe haven for investment, as well as the continued presence of strong and real demand throughout the year, especially in New Administrative Capital, with expectations of more demand for properties in New Capital, coinciding with the transfer of government employees to the city, he concluded.https://www.iskanmisr.com/62300/Maxim-Mall-and-Decathlon-sign-contract-for-new-branch-in-Fifth-SettlementMaxim Mall and Decathlon sign contract for new branch in Fifth SettlementMaxim Mall signs Decathlon as one of its anchor stores providing high quality sporting goods at affordable priMon, 29 Nov 2021 14:55:59 GMTMon, 29 Nov 2021 14:55:59 GMT.,2021Maxim Mall signs Decathlon as one of its anchor stores providing high quality sporting goods at affordable prices and making sports accessible to everyone. The signing of the contract marks a huge milestone in Maxim Malls’ vision in proving a wide array of tenants to suit the community and provide all outlets fulfilling the needs of the Egyptian community. The signing which took place on November 16th, 2021 at Royal Maxim Kempinski Palace, was attended by Dr. Mohamed Karrar, Chairman of Maxim Investment Group, Mohamed Samir, Group CEO MIG, Essam Hassan, Group CFO MIG, and from Decathlon Egypt, the signing was attended by Eric Bodhuin, Chief Executive Officer of Decathlon Egypt and Ramy Khattab Decathlon Expansion Manager in Egypt, the event also hosted several other team members from both parties. “Maxim Mall has always kept the needs of the community close to its mission, signing with Decathlon is simply part of executing our vision, Decathlon is dedicated to providing sports for all people. At Maxim Mall, we strive to enhancing all factors of community life and filling in the gaps needed in athleisure and athletic sporting goods. We are proud to have Decathlon part of Maxim Mall, and we look forward to serving our community further.” Dr. Karrar Chairman MIG.Maxim Mall is part of the commercial and retail sector of MIG, built and managed by the Group, it is located in a strategic location in the Fifth Settlement, New Cairo. The mall strives to create the perfect atmosphere for an all-inclusive community center, and is dedicated to serving the Egyptian community with the best tenant mix to suit the needs of the entire family. “I am delighted to have signed a new branch for Decathlon at Maxim mall in the fifth settlement, our customers will have an enjoyable experience thanks to test zones and showrooms crafted so that they may discover a wide range of sporting goods. We are delighted to be a strategic partner for Maxim Investment Group as the anchor store at Maxim Mall, and we look forward to working hand in hand to welcome you very soon in our new Sport Hub!”  Eric Bodhuin, Chief Executive Officer of Decathlon, Egypt. This strategy is in line with Decathlon’s commitment to providing sports for all people and will include several entertainment as well as informative options at this specific branch aiming to create a new experience for mall goers.    https://www.iskanmisr.com/62251/Reportage-Egypt-contracts-with-AM-to-construct-Montenapoleone-project-with-EGP-12bn-investmentsReportage Egypt contracts with A&M to construct Montenapoleone project with EGP 12bn investmentsA&M joins the list of companies executing the Montenapoleone projectReportage Egypt announced its contract witSat, 27 Nov 2021 15:29:51 GMTSat, 27 Nov 2021 15:29:51 GMT. A&M joins the list of companies executing the Montenapoleone project Reportage Egypt announced its contract with A&M Contracting company to build Montenapoleone project owned by the company, as of next April, with a total investment of EGP12bn.Hanna Karam, regional head at Reportage Egypt, one of the UAE companies operating in the Egyptian market, said, “It is the second contract after contracting with TIJ, and both companies are subsidiaries of the parent Emirati Reportage Group. Additionally, the company has a plan to speed up the project development rates and begin construction work next April.”Karam pointed out that A&M Contracting, one of the strong companies operating in the contracting sector in the United Arab Emirates (UAE), has constructed more than 15 projects in the UAE, and has succeeded, through its strong precedent, to be a major contributor to the construction sector in the Gulf Cooperation Council countries headed by Aref El Khoori.He added that A&M Contracting is a leading company in the field of construction and general contracting, and has succeeded in developing projects in a variety of sectors and facilities of civil engineering. The company has a strong and diverse experience that qualifies it to build the Montenapoleone project with the highest quality and specifications.He explained that the Montenapoleone is located in Mostakbal city in east Cairo, and it is an integrated urban project situated on 111 acres. The project is being developed in partnership with Al Ahly Sabbour Developments, and it is planned to be delivered by 2025.The company has a strategy and timetable for development according to dates set with customers. Accordingly, the company plans to develop an integrated project commensurate with the company’s previous work in the UAE and the Egyptian partner Al Ahly Sabbour Developments as well as the Mostakbal City project as one of the distinctive projects located in the east Cairo area, he elaborated.East Cairo region is eligible for boosting more sales in the coming period, coinciding with the start of transferring government employees to New Administrative Capital, and moving many customers to live in the New Capital and east Cairo region, Karam concluded.https://www.iskanmisr.com/62246/Dahab-Development-opens-booking-of-ITC-project-at-New-CapitalDahab Development opens booking of ITC project at New CapitalThe company has launched ITC project for booking after the completion of 40% of its constructions, says NaderSat, 27 Nov 2021 13:15:32 GMTSat, 27 Nov 2021 13:15:32 GMT.  The company has launched ITC project for booking after the completion of 40% of its constructions, says Nader Adeeb Moawad Company provides various payment systems suitable for all customers in addition to a mandatory lease contract upon operation, says Sherif Moawad Delivery of project units is scheduled in the last quarter of 2022 Dahab Development, one of the leading companies in real estate sector, announced the launch of ITC (Iconic Trinity Complex) project, the company’s first project in the New Administrative Capital, for booking after completing more than 40% of its constructions.The ITC project is located in the most distinguished area in New Capital’s MU23 area on an area of 8,000 sqm with investments worth EGP 500m. Chairman of Dahab Development Nader Adeeb Moawad stated that the company has launched the first phase of the project for booking, which includes administrative, commercial and medical units with various areas that suit all customers’ needs, starting from 50 to 1,300 sqm.Moawad added that the Iconic Trinity Complex project is situated in MU23, which is a distinguished service area located between R2 and R3, directly in front of Al Amal Square, where the Monorail 18 station is.He pointed out that the company decided to open reservation in the project, after achieving great construction rates, added, “We raised the slogan “Book your unit and receive within a year”, which is the best delivery dates in the New Capital market, thus the project units are scheduled to be delivered by the end of next year.”The project enjoys unique advantages and privileges, moreover, it is located on the most important axes of the New Administrative Capital, Bin Zayed axis, and Al Aml axis, which is a few minutes away from the iconic tower, the highest in Africa in the central business district.For his part, Sherif Moawad, a member of the company’s board of directors, stated that the company presents exclusive offers to customers besides a mandatory lease contract with a number of major brands immediately after receiving the unit, with a return of up to 28% for administrative units and a return of 15% for commercial units. Furthermore, the company provides various payment systems to meet needs and aspirations of customers with payment plans up to 7 years.He pointed out that delivery date is one of the most prominent advantages of the project compared to other projects, noted that the company is working to provide a distinctive real estate product of the highest quality.“We target Egyptian and non-Egyptian customers, Arabs and foreigners, and this pushes us to develop the project according to the highest construction standards globally using the latest technologies,” Sherif disclosed. “The total size of the project is 25,000 sqm, with built-up area reaches 30% of the project size, at 3,450 sqm per floor, featuring 10 floors. The building also includes two basements on 16,000 sqm to accommodate 600 cars.”He noted that the company plans to develop the project according to the highest quality and the latest technologies. ITC mall is integrated and features all necessary services and means of safety and protection, including fire pumps, water tanks and pumps, a rainwater collection tank, emergency exits and ladders, in addition to the distribution of fire extinguishers in consonance with the Egyptian code.He stressed that Dahab Development has a great experience of nearly two decades in the European and Egyptian markets. The company was established in Egypt in 2007 as a real estate developer and a pioneer in construction and real estate industry. The company has succeeded in developing and delivering projects on an area of more than 50,000 sqm in different areas including New Cairo. Likewise, the company has distinguished businesses and investments in Germany and the United Kingdom, as well as, it plans to provide more flagship projects to the Egyptian market and make optimal use of huge opportunities currently offered in construction and real estate sectors.https://www.iskanmisr.com/62201/Raise-the-rent-5-times-for-legal-persons-and-increase-by-15-annuallyRaise the rent 5 times for legal persons and increase by 15% annuallyCounselor Nader Saad, a spokesman for the Council of Ministers, said that the Council of Ministers approved aThu, 25 Nov 2021 10:41:24 GMTThu, 25 Nov 2021 10:41:24 GMT.Counselor Nader Saad, a spokesman for the Council of Ministers, said that the Council of Ministers approved a draft law on evacuating rented places for non-residential purposes, such as shops or companies.  He added, during a telephone interview on the “On My Responsibility” program, presented by the journalist Ahmed Moussa on “Sada Al-Balad” channel: “The draft law on evacuating rented places for non-residential purposes is related to legal persons such as parties, government departments, NGOs, companies and bodies.”    Supreme Constitutional rule  He pointed out: A ruling was issued by the Supreme Constitutional Court in 2018, giving the owner of the housing unit the right to end the relationship with legal persons in the event that his unit is rented for purposes other than housing, so in respect of the court’s rulings, the government, on its part, gave a transitional period to regulate the situation and made a legislative amendment that stipulates a period of 5 years starting As of the date of approving the amendment that was approved today and awaiting the House of Representatives, and at the end of the five years, legal persons are obligated to vacate the places they have rented unless otherwise agreed upon.    Raising the rent of legal persons  He explained: “In order to preserve the right of the owner during the five years, the legislative amendment stipulated that from the first day of implementing the new amendment, the rent value will be increased by 5 times, meaning that if the rent is 100 pounds per month, the value will become 500 pounds in the first year. For the last 4 years, the rent will be increased by 15% every year until the end of the specified period.  He explained: that the legislative amendment applies to legal persons and not natural persons, pointing out that in the event of refusal to evacuate the housing unit at the end of the prescribed period of 5 years, the owner has the right to resort to the court and it will issue an urgent eviction ruling to be implemented by force of law, and in the event of failure to evacuate resulting from a loss The owner can apply to the court for appropriate compensation.    Cabinet decision  The Council of Ministers approved a draft law on some provisions of vacating premises rented to legal persons for purposes other than housing.    The first article specified the scope of the draft law, and it was limited to places leased to legal persons other than for a residential purpose, in accordance with the provisions of Laws No. 49 of 1977 in the matter of renting and selling premises, regulating the relationship between the lessor and the lessee, and 136 of 1981 in the matter of some provisions relating to the lease and sale of premises Regulating the relationship between the lessor and the lessee, unless the two parties agree otherwise.    The second article indicated the delay of vacating the premises rented to legal persons within a period not exceeding five years from the date of the law’s enforcement. Article 3 came to achieve a balance between the two parties to the rental relationship, by specifying the rental value five times the legal value in force, and it is increased annually and periodically, by 15%.  Article 4 obligates the tenant to vacate the leased premises and return it to the owner or lessor, as the case may be, on the day following the expiry of the period indicated in Article 2 of this law. Refraining from eviction, without prejudice to the right to compensation if necessary.https://www.iskanmisr.com/62198/Upturn-Developments-supports-Egypts-plan-to-export-real-estate-after-great-success-in-KuwaitUpturn Developments supports Egypt's plan to export real estate after great success in KuwaitUpturn Developments announced planning to open its second abroad branch in the United Arab Emirates soon, toThu, 25 Nov 2021 10:18:17 GMTThu, 25 Nov 2021 10:18:17 GMT.   Upturn Developments announced planning to open its second abroad branch in the United Arab Emirates soon, to complete the company's target in real estate exportation, after establishing its first one in Kuwait 5 years ago, through which it succeeded in forming a strong client database abroad, and reaching egyptians working abroad.   Engineer Sayed Mossad, Upturn Developments Vice Chairman said that the Egyptian real estate has many virtues that make it a global destination, specially the development in real estate industry and the competition in introducing distinguished real estate projects that suit both foreign and local client, referring that there is a purchasing power in this field and customers want to own a property in Egypt, but they do not have the opportunity to choose.  He insisted on the importance of introducing the comprehensive urban development that Egypt is currently achieving in various parts of the republic to the world, in addition to the importance of marketing the development that real estate industry is witnessing in Egypt, in order to maximize the investment return from that development and to support the Egyptian economy with providing hard currency.   "Marketing Egyptian real estate abroad has become a necessity imposed by urban development and the expansion of local companies, and this is what the company targeting via its branches abroad through introducing its projects in details to customers inorder to help them in making a successful purchasing decision"..Mossad stated.   Upturn Developments is a Real Estate developer in the Egyptian market since 2004, implemented various projects in New Cairo, specially residential ones, as the company has developed more than 25 integrated housing projects till now.   Centric Business District is a new administrative project by UPTURN Developments as Mossad explained, located on the northern 90th Street, in a privileged location in the heart of New Cairo,on an area of 4,180 sqm, with a total investments of 700 million pounds. It consists of a commercial ground floor, 6 administrative floors with various sizes, and it will be completed and delivered by the end of 2022.https://www.iskanmisr.com/62061/International-Cooperation-reviews-Egyptian-economic-and-structural-reforms-with-the-founder-of-Bloomberg"International Cooperation" reviews Egyptian economic and structural reforms with the founder of BloombergThe Ministry of International Cooperation discussed the reforms implemented by the Egyptian state in various fFri, 19 Nov 2021 19:19:05 GMTFri, 19 Nov 2021 19:19:05 GMT.The Ministry of International Cooperation discussed the reforms implemented by the Egyptian state in various fields, which strengthened its economic transformation to become one of the most prominent emerging countries in the region and the world. Of investment opportunities in the areas of sustainable infrastructure and green transformation for international financial institutions and the private sector. The ministry indicated, in a press statement, today, Friday, to Egypt's success in obtaining the honor of hosting the United Nations Climate Conference COP27, next year, which enhances its leadership and ambitious plans for green transformation, and supports regional efforts to adapt to and mitigate the repercussions of climate change, and implement friendly projects. The environment, pushing joint work with development partners and multilateral banks to implement climate finance strategies and activating innovative and mixed financing tools in Egypt, as well as stimulating the participation of the private sector in implementing these projects. For his part, Michael Bloomberg stressed the importance of strengthening the work of governments worldwide, in partnership with the private sector, to support green transformation and climate investments to advance the sustainable development goals, in addition to the role that global companies can play to support investments in emerging markets to promote climate action. The Ministry of International Cooperation is participating in the Bloomberg New Economies Forum, which aims to discuss global economic issues and discuss creating common visions to overcome the challenges facing advanced and emerging economies alike, and discuss the world's commitment to limiting the effects of climate change and providing the necessary financing for emerging countries to confront them, with the participation of more From 750 economic leaders, policy makers, CEOs and entrepreneurs, including Chinese Vice President Wang Qishan, Gina Raimundo, US Secretary of Commerce, Jan Kim Young, Minister of Trade and Industry of Singapore, Ozil Ndajigemina, Minister of Finance and Planning of Rwanda, and Dr. Philip Mbango, Deputy President of the United Republic of Tanzania, Jane Lacon, President of the Asian Infrastructure Investment Bank, Michael Bloomberg, American economist and founder of Bloomberg.https://www.iskanmisr.com/62060/Gold-prices-in-Egypt-today-FridayGold prices in Egypt today, FridayToday, Friday, gold prices witnessed a limited decline in the goldsmiths market, to record 21 karat gold, whicFri, 19 Nov 2021 19:16:52 GMTFri, 19 Nov 2021 19:16:52 GMT.Today, Friday, gold prices witnessed a limited decline in the goldsmiths market, to record 21 karat gold, which is the best seller in Egypt, 812 pounds, and in some trading sessions, it drops to 811 pounds, in light of a clear fluctuation in the global price, but gold records a lower level than what prices witnessed yesterday. Thursday. Gold prices on the global stock exchange and Egypt recorded a clear fluctuation yesterday, after recording levels of 1870 dollars per ounce, the price fell again to 1860 levels, which caused a state of turmoil in gold prices today in Egypt. Gold prices today in Egypt record 812 pounds per gram of 21 karat, which is the best seller in Egypt - with expectations of a change in the price of gold today in Egypt as well as in global stock exchanges, a few hours before the closing of the global market and the cessation of trading on gold.  Gold prices today:  Carat 18 recorded 696 pounds.  21 caliber record 812 pounds.  24 carat record 928 pounds.  The gold pound is 6496 pounds.   An ounce of gold is $1,860. Gold trading in global stock exchanges Gold prices moved in a sideways course today, Friday, at their previous levels, with investors worried about the increasing risks of inflation on the one hand and the prospects of raising interest rates faster on the other hand. US gold futures increased 0.1 percent to $1,859.80. And gold this week hit its highest level in more than five months, after rising consumer prices in the United States last month fueled fears that inflation will remain high at an alarming rate in 2022, and policymakers at the Federal Reserve (the US central bank) are looking at the possibility of raising interest rates at a faster pace. than they thought a few months ago, higher interest rates raise the cost of holding interest-free gold, and thus reduce demand for the precious metal. As for other precious metals, silver increased in spot transactions 0.2 percent to $ 24.83 an ounce, but it is on its way to recording its first weekly decline in three weeks, and platinum rose 0.2 percent also to reach $ 1053.15 an ounce. Palladium rose 0.1 percent to $2,135.16 an ounce.https://www.iskanmisr.com/62059/Phone-calls-and-WhatsApp-messages-anger-the-owners-of-Marina-North-Coast--Find-out-the-detailsPhone calls and “WhatsApp” messages anger the owners of “Marina” North Coast .. Find out the detailsA state of anger prevailed among the owners in the Marina El Alamein Tourist Center Marina Village after a lFri, 19 Nov 2021 19:04:42 GMTFri, 19 Nov 2021 19:04:42 GMT.A state of anger prevailed among the owners in the Marina El Alamein Tourist Center "Marina Village" after a large number of them received phone calls and messages from brokers' offices offering to sell or rent their units in the Marina during the past few days.Where the owners received messages and calls from two brokerage offices bearing the name: «Marina. Home - Al-Gomhoria for Real Estate Investment» one of them reads as follows:“Peace be upon you, with you (Israa), a sales official from Marina Home Company. I was talking to you about your unit in Marina. If you offered it for rent or sale, please call us on 01065777798-01011110614 - 01060489444. If you have any questions, send it to the Marketing Director and he will reply to you immediately.. and we apologize for the No inconvenience to you.”The calls raised the owners' suspicions that their data had been leaked by the city authority or the management company, or through the owners' groups on social media.For its part, sources in the telecommunications sector, who requested anonymity, told Eskan Misr that data leakage to real estate marketing companies is a reality, and has been happening for years, and that telecommunications companies have a classification for all categories according to the rate of monthly bills for calls, and that geolocation For customers, it is normal in advertising targeting, and it is easy to leak customer data in a specific region, job, bank, etc., and it is difficult to determine the source of this leak.”https://www.iskanmisr.com/61974/The-government-converting-buses-and-cars-in-Sharm-El-Sheikh-and-Hurghada-to-work-with-natural-gas-and-electricityThe government: converting buses and cars in Sharm El-Sheikh and Hurghada to work with natural gas and electricityPrime Minister Mostafa Madbouly chaired this evening the meeting of the Ministerial Committee for Tourism andTue, 16 Nov 2021 22:17:37 GMTTue, 16 Nov 2021 22:17:37 GMT.Prime Minister Mostafa Madbouly chaired this evening the meeting of the Ministerial Committee for Tourism and Antiquities, in the presence of Dr. Khaled El-Anani, Minister of Tourism and Antiquities, Dr. Khaled Abdel Ghaffar, Minister of Higher Education and Scientific Research, Acting Minister of Health, Dr. Enas Abdel Dayem, Minister of Culture, and Dr. Mohamed Maait, Minister of Finance, Major General Mahmoud Shaarawy, Minister of Local Development, Dr. Yasmine Fouad, Minister of Environment, Dr. Assem Al-Jazzar, Minister of Housing, Utilities and Urban Communities, Pilot Mohamed Manar Enaba, Minister of Civil Aviation, Major General Khaled Fouda, Governor of South Sinai, and Major General Amr Hanafi, Governor of the Red Sea, Ahmed Al-Wasif, President of the Federation of Tourism Chambers, and a number of tourism officials and investors.   The Prime Minister began the meeting by commissioning the preparation of a plan to implement the directives of President Abdel Fattah Al-Sisi, the President of the Republic, to convert all buses and cars, including taxis, as well as all mass transportation, in the cities of Sharm El-Sheikh and Hurghada, to work with natural gas or electricity, to be among the green cities, He affirmed the government's readiness to provide the facilities required for this purpose, and demanded the Minister of Tourism and Antiquities in coordination with the concerned authorities in this regard. In a related context, Dr. Mostafa Madbouly stated that we are scheduled to have about 1,000 gas refueling stations by the end of next March.   During the meeting, the Minister of Tourism and Antiquities, Dr. Khaled Al-Anani, reviewed health safety procedures within tourist and hotel facilities, pointing to the start of the work of 5 international companies specialized in the field of reviewing health safety procedures, adding that it was decided to periodic and sudden inspection of the facilities, without renewing the license for the facility that don't commit with procedures.   During the meeting, a proposal to raise the minimum prices for accommodation in hotel establishments was reviewed, in the context of targeting higher spending segments of tourists. This proposal will be presented during the Cabinet meeting, and the results of linking beach tourism destinations with cultural tourism destinations were also discussed.   In a related context, reference was made to the efforts and procedures for securing tourists, and following up on the installation of tracking devices (GPS) in tourist buses, minibuses, microbuses, and limousines, as well as the Prime Minister's directives regarding coordination with the concerned authorities for the establishment of all means of transportation (collective / private). / individual / taxi / microbus ... etc.), which carries out the activity of transporting tourists by linking with the Center for Tracking the Movement of Tourist Vehicles of the Ministry of Tourism and Antiquities, and taking the necessary measures against violators. The position of the tourist movement, throughout the current year, and preparations for the tourist season were also reviewed Winter.   Dr. Khaled Al-Anani also reviewed the position of implementing the presidential mandates related to the tourism sector, pointing out that with regard to medical and insurance procedures at airports and tourist governorates, the medical staff has been increased at the airports of tourist governorates, in order to expand the medical smear procedure (PCR) in order to avoid any manifestations of overcrowding in those airports, With an emphasis on carefully selecting medical staff.   Based on the presidential mandates, the authorities concerned with the airports facilitated and quickly completed the procedures for the reception and exit of those arriving from the airports (medical examination) passports / baggage..etc. The necessary measures were also taken towards intensifying the work of the joint insurance committees among all the authorities concerned with airports and tourist governorates.   The minister also touched on the opening of the "Ramses and the Gold of the Pharaohs" exhibition in Houston, USA, on November 20, where a pavilion was allocated in the exhibition to promote tourism, investing in the expected media momentum and the high level of attendance.   Al-Anani explained that a promotional film is also being produced on "St. Catherine, the Land of Transfiguration", pointing out that it will focus on a group of messages, most notably the spirituality of the place that embraces three heavenly religions, and that it is a site registered on the World Heritage List, as it is a site registered as a nature reserve, and it will shed Highlighting its link to sustainable tourism and ongoing development projects in the region.   The minister pointed to the readiness of Muhammad Ali Palace in Shubra to open soon, as well as the readiness of the Museum of Egypt's Capitals in the new administrative capital to open, explaining that preparations are underway for a major event in Aswan on the occasion of the sun's curvature on Abu Simbel temple next year.   The Minister of Tourism and Antiquities alluded to a number of major international fashion houses expressing their desire to hold fashion shows at the foot of the pyramids, and on the lights of the Temple of Queen Hatshepsut in Deir el-Bahari in Luxor.https://www.iskanmisr.com/61973/Next-December-the-free-internet-Wi-Fi-service-will-be-officially-launched-inside-the-Egypt-stationNext December, the free internet (Wi-Fi) service will be officially launched inside the Egypt stationThe Ministry of Transport announced the launch of the free internet service inside the Ramses Misr station atTue, 16 Nov 2021 22:14:51 GMTTue, 16 Nov 2021 22:14:51 GMTThe Ministry of Transport announced the launch of the free internet service inside the Ramses Misr station at the beginning of next December.   A statement issued by the ministry said, "Under the auspices of the team, Engineer Kamel Al-Wazir - Minister of Transport, and within the framework of the new projects adopted by the ministry, which aim to serve the Egyptian citizen and serve the comprehensive development plans witnessed by the transport sector in Egypt."   In order to develop the services of the National Authority for Egypt’s Railways and to strive to provide the public of Ramses Station’s patrons to match the international train stations, the MOT Company for Investment and Development signed a contract with KMT Company with the aim of providing a free Wi-Fi internet service inside the station in all its berths and squares. The service officially launches on the first of December.   And KMT Company is an Egyptian company that was established in 2016 and has implemented some media projects in the railway facilities and the Greater Cairo subway with a cultural and service nature.   The project to provide a free Wi-Fi internet service inside the Ramses station in Egypt is one of the means of maximizing the value-added services of the railway facility, increasing its resources and attracting different segments of the public, in addition to enhancing the international image of the station and the transport sector in general in front of the station’s visitors, citizens and touristshttps://www.iskanmisr.com/61972/Carrefour-Maadi-Tunnel-closed-for-3-months-learn-about-traffic-diversionsCarrefour Maadi Tunnel closed for 3 months.. learn about traffic diversionsThe General Traffic Department announced that the entrance and exit of the Maadi Carrefour Tunnel will be closTue, 16 Nov 2021 22:07:36 GMTTue, 16 Nov 2021 22:07:36 GMT.The General Traffic Department announced that the entrance and exit of the Maadi Carrefour Tunnel will be closed in both directions for a period of 90 days due to the expansion and development works of the ring road. The closure of the Carrefour tunnel starts from 12 am on Friday 19 November for a period of 3 months. It said that it will designate the necessary traffic services to meet any expected traffic densities and manage the traffic. The necessary traffic diversions will also be implemented in the upcoming direction of the Ring Road from Nasr City areas towards Zahraa El Maadi areas, completing traffic and roundabouts from the bottom of the Ring Bridge. The direction coming from the areas of Zahraa Maadi, towards the Carrefour Maadi Tunnel, towards the Autostrad Road, takes right on Al Saada Street, then left towards the Ring Road until Mohamed Fawzy Bridge, then the bridge house towards the Ring Road. For its part, the General Department of Cairo Traffic determines the necessary traffic services and coordinates with the executing company to put in place technical assistance and all equipment indicating the existence of works in the area to ensure the security and safety of citizens.https://www.iskanmisr.com/61969/The-full-story-of-the-decisions-of-the-Minister-of-Housing-to-distribute-the-powers-of-Amara-to-the-heads-of-the-agenciesThe full story of the decisions of the Minister of Housing to distribute the powers of “Amara” to the heads of the agenciesDr. Assem Al-Jazzar, Minister of Housing, Utilities and New Urban Communities, issued decisions authorizing thTue, 16 Nov 2021 21:49:03 GMTTue, 16 Nov 2021 21:49:03 GMT.,2021Dr. Assem Al-Jazzar, Minister of Housing, Utilities and New Urban Communities, issued decisions authorizing the heads of a number of new city agencies in the powers of the minister with regard to (subtraction - attribution - contracts - etc.) previously assigned to the Vice President of the Authority for the Development and Urban Development Sector, Engineer Abdul Muttalib Emara. Where the minister issued Resolution No. 1003 on November 14, forming a permanent committee to study extending the duration of operations for heads of agencies in the cities (the new administrative capital - New Alamein - New Cairo - New Obour - New Mansoura - October Gardens - New October). The Minister also issued No. 1004 on November 14, 2021 to form a permanent committee in the aforementioned city agencies to study and set prices for new additional items that are bypassed in utility, housing and public buildings projects, with the need to convene the relevant committees at the headquarters of city agencies at least 5 times per month, and they are followed up through The main committee of the authority.Also, Resolution No. 1005 to form a permanent committee for utilities works in the aforementioned city agencies headed by the vice president of the agency. Resolution No. 1006 also stipulated the formation of committees to decide on the various tenders in the aforementioned cities' bodies in accordance with the regulations. Sources revealed to "Housing Misr" that during the minister's recent visit to the New Cairo Authority, the head of the agency complained about the delay in the assignment orders and the placement in the decision and price committees in the presidency of the authority, which prompted the minister to withdraw the powers from his deputy and assign it to the heads of the agencies in the cities of the fourth generation in addition to the city of New Cairo. The complainant.The sources confirmed that the decisions were arranged after the visit to New Cairo, where the Deputy Minister for National Projects, Eng. Khaled Abbas, held a meeting with the Vice-President of the Authority for the Development and Urban Development Sector, Eng. Abdul Muttalib Emara, after his return from Dubai to attend the “Dubai Expo” to inform him of the upcoming decisions.https://www.iskanmisr.com/61942/Minister-of-International-Cooperation-The-European-Bank-for-Reconstruction-approves-the-financing-of-the-Alexandria-Metro-project-with-a-value-of-250-million-eurosMinister of International Cooperation: The European Bank for Reconstruction approves the financing of the Alexandria Metro project, with a value of 250 million eurosRania Al-Mashat, Minister of International Cooperation, announced the approval of the European Bank for ReconsMon, 15 Nov 2021 16:33:22 GMTMon, 15 Nov 2021 16:33:22 GMT.Rania Al-Mashat, Minister of International Cooperation, announced the approval of the European Bank for Reconstruction and Development to provide development financing for the Alexandria Metro Project, Abu Qir Line, at a value of 250 million euros, within the framework of the strategic partnership between the government and the Bank to support the country’s development vision in all fields, and to enhance its moves towards transformation. For the green economy, and the development of a sustainable infrastructure for the transport sector.  The Minister of International Cooperation explained, in a statement, that through development financing, which is provided jointly by the European Bank for Reconstruction and Development and other international institutions, for the benefit of the National Authority for Tunnels, infrastructure works will be carried out for the modernization and electrification project of an existing railway linking downtown Alexandria and Abu Dhabi. Kir and its transformation into a metro line.  Al-Mashat added that the new financing supports the state's direction to develop the infrastructure of the transport sector, enhance its sustainability, and push the transition towards a green economy, in which Egypt enjoys a regional leadership through clear plans in various development sectors, such as transport, renewable energy and water, as well as the integrated national strategy. Climate Change 2050, which was launched as part of the United Nations Climate Summit in Glasgow this month, and also reflects the serious steps taken by the country in this regard and its efforts to push international moves towards overcoming climate change and its hosting of the next edition of the United Nations Climate Conference COP27 in Sharm El-Sheikh.  For its part, the European Bank for Reconstruction and Development stated that the new funding will be directed to the implementation of infrastructure works to modernize and electrify the railway line of the project and implement related systems, including the upgrade of signaling, communication and central control systems and the provision of railway cars that will run on the new metro system. The project is consistent with the Bank’s strategy for Egypt and specifically with its priorities to improve the quality and sustainability of infrastructure services in the country by enhancing private sector participation as well as the transition to a green economy by financing the development of greener higher capacities in public transport.https://www.iskanmisr.com/61941/After-selling-70-of-Pavo-Tower-Mercon-Developments-is-preparing-to-launch-its-third-project-in-early-2022After selling 70% of "Pavo Tower"... Mercon Developments is preparing to launch its third project in early 2022Mohamed Amer, head of the commercial sector, revealed that the sales of the Pavo Tower project have exceededMon, 15 Nov 2021 16:28:41 GMTMon, 15 Nov 2021 16:28:41 GMT.Mohamed Amer, head of the commercial sector, revealed that the sales of the "Pavo Tower" project have exceeded 70% since its launch until now, noting that Pavo is the company's second project in the Egyptian market after the G7 Mall project, which is located in the heart of the Fifth Settlement area on an estimated sales area of 22 thousand square meters With a front facade of 250 meters next to the headquarters of the New Cairo Authority overlooking the northern 90th Street, pointing out that the company obtained the licenses for the mall and completed the excavation work to start the construction of the mall.  Amer indicated that there is a great demand from customers to buy administrative and commercial units as one of the most profitable investment opportunities now, especially in the distinguished areas, whether in the new administrative capital, specifically in the CBD area in which the Pavo project is located, or in the Fifth Settlement, in the best investment areas in which the G7 project is located, which confirms However, choosing the location of the project, studying the area in which it is located, and paying attention to the distinctive services of the project are among the most important factors that attract customers.    Amer added that the company is now studying investment opportunities in the new administrative capital within a number of options for the company, in preparation for the launch of its third project early next year after the completion of the detailed study of the project in accordance with the strategic expansion plan set by the company, which is based on the launch of three diversified real estate projects with investments exceeding 5 billions of pounds.    It is worth noting that the "Pavo Tower" project is located in the central business district of the New Administrative Capital (CBD), and the company launched it in the second half of this year. The most prestigious neighborhoods of the new administrative capital.     The project consists of administrative and commercial only on an area of 4,000 square meters with a height of 14 floors (commercial - administrative) from the first to the second commercial and from the third to the thirteenth administrative with areas starting from 25 meters for commercial units and 30 meters for administrative units in addition to some services such as a social lounge And meeting rooms, conference rooms, central air conditioning, an entertainment hall, fitness centers, places for people with special needs, and a rooftop.   The company offers a number of different installment systems of up to 10% down payment and payment periods of up to 15 years, indicating that the project will be delivered after 4 years.https://www.iskanmisr.com/61940/Capriol-achieves-record-completion-rates-and-finishes-40-of-LINX-in-the-Administrative-CapitalCapriol achieves record completion rates and finishes 40% of "LINX" in the Administrative CapitalEmphasizing its keenness to keep pace with the states plans for development and reconstruction, and to abideMon, 15 Nov 2021 16:26:06 GMTMon, 15 Nov 2021 16:26:00 GMT.Emphasizing its keenness to keep pace with the state's plans for development and reconstruction, and to abide by the presidential directives to control the market, the "Capriol" group achieved the highest achievement rates in the "LINX" complex in the new administrative capital, reaching 40% of the total construction works.  Capriol seeks to start delivering the project before the contract deadline, which is the end of 2023, coinciding with President Abdel Fattah El-Sisi's announcement of opening and operating the new administrative capital within 6 months. Capriol seeks, through its project, to provide distinguished commercial and administrative services that its goers need. The new administrative capital.  Engineer Mohamed Mofeed, Chairman of the Board of Directors of the "Capriol" Group, said that the group, as it was the first to implement the presidential directives before their issuance, regarding the implementation of 30% of the construction of projects before they are announced and the start of marketing, seeks to be one of the first companies to deliver service buildings in the capital. administrative.  He pointed out that the company was racing against time to speed up the completion of the project's construction and was able in a record time to achieve high completion rates that exceeded several projects that started in implementation before Capriol.  He stressed that the implementation rates are faster than offering new stages for sale, due to the company's keenness to complete the largest part of the construction of each stage before its launch.  He added that "Capriol" is working two shifts a day to achieve the targeted implementation rates.  He explained that the company has started to launch the second phase of the "LINX" complex, with special offers and facilities for customers, starting from 10% down payment and installments up to 10 years, pointing out that discounts are available starting from 5%.  He pointed out that the company will re-price its units at the beginning of the new year, and price increases are expected as a result of changes in building materials prices and implementation costs, as well as with the transfer and operation of the government district in the Administrative Capital.  It is worth mentioning that the "LINX" complex is located on an area of 7635 meters and has a privileged location in the New Administrative Capital in the MU23 commercial district, and is located directly between the R2 and R3 neighborhoods near the embassy district and the central business district, and it is a medical administrative commercial complex, consisting of 12 floors It includes two underground basements, and the ground and first floors include 51 commercial units, and from the second to the ninth floors are administrative and medical units with a total of 280 units, and the area of buildings above the ground is 22,500 meters, and the underground buildings (garages) are 15,200 meters, and the administrative spaces start from 48 meters up to 2300 meters, i.e. a full floor, commercial units start from 27 meters and clinics start from 54 meters, and the administrative and medical units are delivered fully finished with air conditioning.https://www.iskanmisr.com/61939/Economist-The-Egyptian-economy-would-have-been-completely-paralyzed-if-foreign-exchange-was-not-availableEconomist: The Egyptian economy would have been completely paralyzed if foreign exchange was not availableDr. Hisham Ibrahim, professor of finance and investment at Cairo University, said that the economy would haveMon, 15 Nov 2021 16:24:18 GMTMon, 15 Nov 2021 16:24:18 GMT.Dr. Hisham Ibrahim, professor of finance and investment at Cairo University, said that the economy would have been completely paralyzed if foreign exchange was not available, noting that the exchange rate is a reflection of the economic situation and is like a thermometer.  Ibrahim added, during his meeting with the journalist Ismail Hammad, on the “Banks and Investment” program, broadcast on the “Extra News” satellite channel, this evening, Sunday, that the Central Bank is following the movement of foreign exchange and does not interfere unless it finds a suspicion in the transactions.  He explained that the economic reform and the resulting numbers enabled the government to take an initiative to pump 100 billion pounds at the beginning of the Corona crisis, and the Central Bank was a pioneer in the work of a set of initiatives, and grants were provided to groups that lost their jobs.  He pointed out that the state worked to increase operating investments during the Corona pandemic, unlike a large number of countries in the world, in order to move the arteries of the economy, which has already been achieved, and the unemployment rate has decreased.https://www.iskanmisr.com/61938/Taxes-Real-estate-tax-adjustments-provide-unlimited-convenience-to-the-buyer-and-benefits-to-the-sellerTaxes: Real estate tax adjustments provide unlimited convenience to the buyer and benefits to the sellerTalaat Abdel Salam, director of the technical office of the head of the tax authority, revealed the details ofMon, 15 Nov 2021 15:54:20 GMTMon, 15 Nov 2021 15:54:20 GMT.Talaat Abdel Salam, director of the technical office of the head of the tax authority, revealed the details of the application of the real estate tax, continuing: "All we are saying is just a draft law only, which will still be presented to the House of Representatives for approval or rejection.  And he explained in a telephone interview during the “Final Word” program on the “ON” screen that all the latest amendments will not be applied and the taxpayer will not be required to tax except with the beginning of work on amending the real estate month law, continuing: All classes of Egyptian society are owners of real estate to register them.”  The Director of the Technical Office of the Head of the Tax Authority indicated that the latest facilities granted facilities to the buyer and advantages to the seller, as the first enjoys, according to these amendments, the end of the link between the procedures for registering real estate and there is no link between the payment of tax and the facilities.  Talaat Abdel Salam pointed out that the real estate tax is one of the income taxes found in the law, and it is due on the financier if he disposes of his property outside the village, because this tax does not apply to contracts for the sale of real estate inside the villages, saying: By notifying the Tax Office and within thirty days only, after which delay fines will be imposed.  He explained that the amendments to the draft law approved by the Council of Ministers aim to provide facilities for registering real estate ownership in the real estate month, saying: “The estimated 2.5% tax on real estate transactions will be replaced by a flat tax on real estate sales contracts before May 19, 2013.”  Revealing that the significance of choosing this date despite the existence of the law since 2005, but the amendments were issued in Law 11 of 2013 specifying that percentage and was issued on May 18, 2013 and subject to it all real estate tax transactions outside villages, a 2.5% tax applies to them, whether they are declared or not.  He pointed out that the draft law specified four tranches, starting from 1500 pounds as a flat tax if the contract value reaches 250 thousand pounds, and the second tranche is more than 250 thousand pounds and up to 500 thousand pounds, the value of the tax will become 2000 pounds, and the third tranche if the value of the contract is between 500 thousand pounds and up to One million pounds, the value of the tax will be 3 thousand pounds, and the last tranche will be contracts with the highest value of one million pounds and above, which will have a lump-sum tax of 4 thousand pounds. And he indicated that the draft law replaces the tax on real estate transactions at a rate of 2.5% with a flat tax in different segments, saying: "On the transactions of sales contracts that took place before May 19, 2013."https://www.iskanmisr.com/61916/The-Minister-of-Housing-Implementation-of-6376-units-in-the-presidential-initiative-Housing-for-all-Egyptians-for-low-income-people-in-Sadat-CityThe Minister of Housing: Implementation of 6376 units in the presidential initiative "Housing for all Egyptians" for low-income people in Sadat City.Assem El-Gazzar, Minister of Housing, Utilities and Urban Communities, followed up the progress of work on a nSun, 14 Nov 2021 15:27:01 GMTSun, 14 Nov 2021 15:27:01 GMT.Assem El-Gazzar, Minister of Housing, Utilities and Urban Communities, followed up the progress of work on a number of housing and service projects in Sadat City, pointing out that 6376 units were being implemented in the presidential initiative, housing for all Egyptians for low-income, in addition to the implementation of the first and second phases of the Dar Misr project and utility and road projects to serve Different areas of the city, especially industrial areas and modern areas.   Al-Gazzar explained that the implementation of 4,060 housing units in housing for all Egyptians in the Al-Nour neighborhood has been completed, a model of 3 rooms and a hall on an area of 1033 acres, in addition to the implementation of 1740 units in the project in the Al-Firdous district, a 3-room model and a hall on an area of 952 acres, and 576 units are being implemented in the project in Al-Firdous district, a two-room model. and hall. As for the Dar Misr project, the minister said: The implementation of the first phase, which includes 360 housing units in 15 buildings, has been completed, and the units allocated to citizens are being completed. Dr. Assem El-Gazzar added that for service projects with housing for all Egyptians, they include the implementation of a basic education school that includes 42 classrooms and has a theater and playgrounds, a health unit on an area of 1600 m, a commercial market on an area of 1600 m, and a triple playground on an area of 2000 m 2 that includes an administrative building and a playground made of artificial grass. And a nursery building on an area of 2000 square meters, and the Nile International School, which includes the school building, the administration building, the theater, the kindergarten building, playgrounds, and more.https://www.iskanmisr.com/61915/The-new-city-of-6-October-hosts-the-Arab-Cycling-ChampionshipThe new city of 6 October hosts the Arab Cycling ChampionshipThe new city of 6th of October will host the Arab Cycling Championship, with the participation of 18 Arab counSun, 14 Nov 2021 15:25:40 GMTSun, 14 Nov 2021 15:25:40 GMTThe new city of 6th of October will host the Arab Cycling Championship, with the participation of 18 Arab countries, from 14 to 19 November, on the Badia-Al-Wahat road, with a distance of 16 km.   This great sporting event is considered one of the biggest sporting events in cycling at the Arab level The choice of Egypt came because of its high capacity to host such major events and a reflection of Egypt's position and leadership, and its confidence in the Egyptian Cycling Federation and the various state agencies to organize, secure and succeed these sporting events.   Participating in the Arab Bike Festival: 17 Arab teams, namely "Egypt, UAE, Algeria, Bahrain, Jordan, Saudi Arabia, Syria, Iraq, Qatar, Lebanon, Palestine, Sultanate of Oman, Kuwait, Libya, Yemen, Sudan, and Morocco".https://www.iskanmisr.com/61913/Manufacturers-Association-Consumer-protection-decision-will-not-stop-Over-Price-carsManufacturers' Association: Consumer protection decision will not stop "Over-Price" carsEng. Khaled Saad, Secretary General of the Egyptian Automobile Manufacturers Association, commented on the ConSun, 14 Nov 2021 15:23:36 GMTSun, 14 Nov 2021 15:23:36 GMT.Eng. Khaled Saad, Secretary General of the Egyptian Automobile Manufacturers Association, commented on the Consumer Protection Agency’s decision that obliges car dealers to disclose the details and prices of cars, with the aim of eliminating the “overprice” phenomenon of manipulating the prices of new cars.   The consumer protection decision is scheduled to enter into force on November 15, and from that date all car showrooms and distributors will be obligated to indicate car prices, including tax, and whoever violates will be charged with a fine of up to two million pounds in some cases.   Saad said in a statement to the "Arabity" program broadcast on Radio Egypt, that the advanced consumer protection decision came at its time, stressing that it will significantly reduce the "over-price" phenomenon, but it will not eliminate it.   He added that obligating workers in the car trade sector to disclose and prove the price of the car in the reservation receipt and to determine the date of receipt, will greatly control the rhythm of the market.   The Secretary of the Manufacturers Association explained that the inability of the consumer protection decision to completely get rid of over-price is due to factors, most notably that international prices are changing rapidly, and therefore the brand agent will not be able to adjust prices during the 3-month import cycle.   He pointed out that controlling the market through the consumer protection decision would return to the state treasury part of the wasted taxes that merchants were collecting due to the failure to prove the value of the over-price in sales invoices.   He pointed out that the traders will abide because if they abstain, they will be fined, but if they stop selling as a kind of opposition to the decision, this will cost them big losses because they will stop the capital cycle.   Raafat Masrouga, the honorary president of the Automobile Market Information Council (AMIC), had confirmed that the over-price is a breach of commitment in the contracts between the manufacturer, the agent and the distributor.   The contracts stipulate that in the event of manipulation or non-compliance with the agreed price sent to distributors by the parent company, the latter has the right to intervene in this case and impose fines on the local agent.   Masroujeh said in televised statements that a segment of consumers agree to buy with "over-price", which is classified under the umbrella of the informal economy.   According to the head of “AMIC”, the most expensive price in the Egyptian car market reached astronomical and terrifying numbers, ranging on average between 5 to 250 pounds in some brands, especially in the wake of the electronic chip crisis, one of the repercussions of the Corona pandemic.   He stressed that this phenomenon has no reason at present and has no equal in the whole world, stressing that the most expensive in other markets is limited to used cars, which is a free market subject to the policy of supply and demand.   He called on importers who do not have the ability to compete in the Egyptian market and resort to distributors to increase profits, asking them to withdraw from the automotive sector so that they are not a game controlled by distributors.https://www.iskanmisr.com/61912/Petroleum-No-complaints-about-butane-and-queues-are-a-thing-of-the-pastPetroleum: No complaints about butane and queues are a thing of the pastIn 2016, the Minister of Petroleum launched a program to modernize Egypts petroleum sector, including digitalSun, 14 Nov 2021 15:21:43 GMTSun, 14 Nov 2021 15:21:43 GMT.In 2016, the Minister of Petroleum launched a program to modernize Egypt's petroleum sector, including digital transformation programs.In an intervention with the media, Rania Hashem added, "The Echo," which is broadcast on Extra News: During the past period, work has been done on several activities, including production and refining.Hamdi Abdulaziz explained: "The objective is to provide an electronic system without manual interference with the provisions on control of transfers, so as to enhance its efficiency as an important product affecting the lives of citizens, and thus to ascertain how to distribute it accurately, to provide appropriate service to citizens." "Most important is the completion of the operational steps of that system, which will be followed by another system aimed at linking all the Potajaz workstations and the digital system to enable the O.R. to follow up immediately on that mechanism."He continued: "We have no complaints about potagas, they have become potagas lines of the past, there is no problem with the supply of product, but the system needs to be developed, to relieve pressure."https://www.iskanmisr.com/61911/The-Minister-of-Housing-allocates-688-acres-in-New-Cairo-to-Al-Futtaim-Real-Estate-CompanyThe Minister of Housing allocates 688 acres in New Cairo to Al-Futtaim Real Estate CompanyToday, Sunday, the Minister of Housing, Dr. Asim Al-Zamar, decided to adopt the outline of the 688.35 acres ofSun, 14 Nov 2021 15:14:16 GMTSun, 14 Nov 2021 15:14:16 GMT.Today, Sunday, the Minister of Housing, Dr. Asim Al-Zamar, decided to adopt the outline of the 688.35 acres of land east of the ring road in the new city of Cairo for the Al-Fatim Real Estate Development Company (the Kairu Vestival City Project), for which Ministerial Decree No. 238 of 2004, as amended by Ministerial Decree No No No. 96 of 2015, 1 of 2018.The butcher also adopted the planning and division of Plot No. 62b, 64b, 66a, 66b, 66c, 35.55 acres located in Basin No. 1 of the Green Belt in the city of 6 October for the Green Belt Development Corporation to establish residential activity in exchange for cash.https://www.iskanmisr.com/61910/Talaat-Mostafa-Group-achieves-a-new-record-in-sales-and-revenues-within-9-monthsTalaat Mostafa Group achieves a new record in sales and revenues within 9 monthsThe Talat Mustafa Group achieved a new record by performing strongly during the first nine months of this yearSun, 14 Nov 2021 15:13:05 GMTSun, 14 Nov 2021 15:13:05 GMT.,2020The Talat Mustafa Group achieved a new record by performing strongly during the first nine months of this year, making a significant jump in sales, according to the results of the business it announced today, which came at the forefront of real estate companies through the value realized during that period.The growth in the company's sales from January to September was 127%, compared to the same period last year, with sales of 27.5 billion pounds, compared to 12.1 billion pounds, achieved during the first nine months of last year.The balance of actual unproven sales during the period January to September was 63.3 billion pounds, while 49.8 billion pounds were recorded in the same period last year.The group's strong sales during that period also contributed to a jump in gross revenue, which grew by 9%, to £11.31 billion, compared to £10.4 billion for the same period last year, which was also a result of the group's net profit after taxes and non-controlling rights, recording £1.69 billion, with growth of 15%.The growth in the first nine months of the year is a continuation of what the company achieved in the first half, with new sales worth 21 billion pounds, compared to 4.4 billion pounds in the first six months of 2020.https://www.iskanmisr.com/61887/Capital-Care-obtains-the-first-license-for-a-medical-facility-in-the-New-Administrative-Capital"Capital Care" obtains the first license for a medical facility in the New Administrative CapitalThe UAEs Eye of the World acquired the first building permit for a medical facility within the Capital ManageSat, 13 Nov 2021 20:30:42 GMTSat, 13 Nov 2021 20:30:42 GMT.,2021The UAE's Eye of the World acquired the first building permit for a medical facility within the Capital Management Project called Capital Care, the first medical project to be implemented in the new administrative capital, in alliance with the Indian Investment and Development Corporation. The investment of the project is approximately 600 million pounds, including construction, medical equipment, mechanical and electrical equipment. Capital Care is the only project with all the approvals of the Ministry of Health and the certificate of conformity of the facility with the design standards of the health facilities from the Housing and Construction Research Centre. According to engineer Ismail Ahmed, Vice - Chairman of the Board of Directors of Hendaza Real Estate Company, which is responsible for the construction of the project, the journey to obtain the first license for a medical facility in the capital took a lot of time and effort, which reached nearly two years. He added: "After a long marathon of approvals and appropriations in several government agencies, the required papers have been completed and the construction permit No. 437 of 2021 for the medical complex has been obtained."Capital Care is one of the first medical buildings to implement new building requirements for hospitals and medical buildings in Egypt in accordance with Ministerial Decision 402 of 2015, which was introduced in early 2019. Ismail continued: "The Requirements Decision determines the design standards of hospitals and medical buildings applicable in Egypt. Mr. M. Ibrahim Hinde, Project General Consultant, Design Officer and Implementation Supervisor of the Complex, with many steps and funds required in accordance with the Ministerial Decision: Approval by the Ministry of Health, represented by the Cairo Health Directorate. At this stage, many documents are submitted, such as the Job Program, the Employment Policy, the Land Validity Statement and the Initial Design Concept.Secondly, there is a need to obtain approval from the Housing and Construction Research Centre, which is represented by the Committee to Review the Design Standards of Hospitals and Health Buildings in Egypt.Third, adoption of the construction design from the 10-year cluster and approval of the compilation after full project review, followed by the fourth step, which consists of obtaining civil protection approvals.The Vice-Chairman of the Board of Directors of Hendaza Real Estate added that the Advisory Office was currently working on the project's executive drawings. Construction had begun early this November. The concrete structure of the medical complex was planned to be completed within 10 months, so that cladding and actual operation would begin within 18 months. To thank the management of the Office and the Distinguished Task Force who have contributed to this outstanding work.The project is located in the R3 neighborhood and is located in a total area of 1600m2, and consists of 3 garage and 4 recurrent medical homes. The project includes 2 hospitals, one for ophthalmology and ophthalmology. The other is multidisciplinary, including a radiology and analysis centre, women and children, and an emergency centre with ambulances equipped to serve people in the new administrative capital. The project is an essential pillar in the development and development of the capital, as it will provide services that will facilitate the lives of the population and its people.https://www.iskanmisr.com/61886/The-President-of-the-Republic-of-Tanzania-visits-the-New-Administrative-CapitalThe President of the Republic of Tanzania visits the New Administrative CapitalMs. Samia Hassan, President of the United Republic of Tanzania, visited the New Capital Administrative ProjectSat, 13 Nov 2021 20:28:47 GMTSat, 13 Nov 2021 20:28:47 GMT.Ms. Samia Hassan, President of the United Republic of Tanzania, visited the New Capital Administrative Projects and, during the visit, the President of Tanzania was accompanied by Ambassador Noble Makram, Minister of State for Immigration and Egyptians Abroad.The President of Tanzania welcomed the fact that Egyptian investors were exploring further investment opportunities in agriculture, livestock, industry, energy, mining, transport and education, stressing that her Government would provide all possible facilities to the Egyptian business community willing to invest in her country.Tanzania is one of the largest economies of the East African Group. The Tanzanian Government is attracting more foreign direct investment in various economic sectors, primarily agriculture, livestock and fisheries, industry, mining and tourism.In this sense, investment relations are one of the main pillars of economic relations between the two countries. Many Egyptian companies operate in many economic and development fields in Tanzania. One of the most important investment projects is the construction and construction of the Julius Nyerere Dam, through the cooperation of the Arab Contractors Company and the Swedish Electric Company.https://www.iskanmisr.com/61885/A-Republican-decision-to-establish-the-new-city-of-SuezA Republican decision to establish the new city of SuezDr. Mustafa Madbouli, Prime Minister of the Council of Ministers, continued his tours of the governorates todaSat, 13 Nov 2021 20:27:04 GMTSat, 13 Nov 2021 20:27:04 GMT.Dr. Mustafa Madbouli, Prime Minister of the Council of Ministers, continued his tours of the governorates today by visiting Suez Governorate; To check out a number of development and service projects. Dr. Mustafa Madbouli points out that the province of Suez was honoured by President Abdel Fattah al-Sisi, President of the Republic, for the opening of numerous national projects during the past period, thus contributing to their advancement in various sectors.The Prime Minister also noted that the ongoing coordination of the Government with members of the House of Representatives and the Senate would speed up the implementation of various projects in the provinces and speed up the promulgation of laws relating to the implementation of such projects, which would serve the State's national plan for comprehensive development at the level of the Republic.During his meeting with the Ministry of Justice, Dr. Mustafa Madbouli pointed out that this was his second visit to Suez since taking charge. Over the past period, there has been a strong focus on the implementation of a large number of projects through constant communication with the Governor of Suez to monitor the scale of projects and investments allocated. The Prime Minister said: During the last visit there was a focus on a number of challenges that were presented to sanitation projects, road and Cornish upgrading, as well as industrial development and employment opportunities for young people. There was a demand for a new city to serve Suez people. Indeed, the President's decision to create a new city of Suez was passed.The Prime Minister also explained that a number of challenges had been presented to the health sector; Both at the level of hospitals under the Ministry of Health and university hospitals, he noted that with the entry of the Suez Governorate into the comprehensive health insurance system, the government has a plan to eliminate the backlog of projects in order to fully implement the system in the governorate.The Prime Minister stressed that the Suez Governorate, while an urban one, would undoubtedly be part of the ongoing development of a "decent life" presidential initiative for the development of the Egyptian countryside.https://www.iskanmisr.com/61884/Amr-Othman-The-administrative-capital-has-become-the-most-sought-after-in-the-Egyptian-marketAmr Othman: The administrative capital has become the most sought after in the Egyptian marketAmr Osman, the head of Land Bank Real Estate Marketing, said that the current physical boom has raised the impSat, 13 Nov 2021 20:25:01 GMTSat, 13 Nov 2021 20:25:01 GMT.Amr Osman, the head of Land Bank Real Estate Marketing, said that the current physical boom has raised the importance of real estate marketing at the moment, which has spread dramatically over the last seven years, instead of a real estate keeper or anyone residing in the residential area or anyone named as a broker.In a dialogue with Compass in the country's Echo Channel, he added that the real estate marketing system was primarily aimed at the citizen or buyer in order to preserve him and his money and ensure the integrity of the company through which he would buy.Osman noted that real estate marketing companies make clear to customers who need to be served to buy real estate or units, assess their financial position and explain to them areas that are commensurate with economic and other circumstances in accordance with his successive requests.The success of the projects could be judged by the consulting offices, the fair price at which they were sold, as well as the forms of payment, as well as the time that the project would need to be completed. Projects were sold very quickly because of their efficiency and handling of a good real estate marker capable of marketing the product and delivering the developer to the client.The administrative capital was now the most sought-after in the real estate market because it was supported by the State and because of its importance and good strategy. There were many good areas that were suitable for commercial, hotel and administrative areas, and other areas that preferred better housing.