Marsa Alam to establish $7.8mn touristic project in Egypt’s Sidi Abdel Rahman
Egypt’s state-run Marsa Marsa Alam for Tourism Development (MMAT) is set to establish a touristic project in Sidi…
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Careem to invest $100 mln to improve app-based cab service in Egypt, three countries
CAREEM, the leading app-based car hailing service in the Middle East, has said it is set to invest US$100 million…
M2 Developments to reclaim 800 feddans in Aswan’s Al-Nakra Valley late 2016
Egypt-based property developer M2 Developments, previously known as Misr Al Mahrousa, is planning to reclaim 800…
Egypt allocates $337mn for New El Alamein development in FY 2016/17
The investments required for developing New El Alamein city during fiscal year 2016/17 would amount 3bn Egyptian…
China tech powerhouse Tsinghua to invest $7.5 billion on R&D
State-backed Chinese technology group Tsinghua Holdings plans to spend $7.5 billion on research and development…
Obour City Development Authority utilises 600 feddans for social housing projects
The Obour City Development Authority has utilised 600 feddans planned to be used for social housing projects for…
Egypt will invite bidders to develop 40 life-endangered slums in FY 2016/2017
Egypt’s Informal Settlements Development Fund (ISDF) is set to put out developing 40 risky slums to tender for the…
BMW revamps R&D for new era of self-driving cars
BMW is overhauling its research and development activities to focus on self-driving cars, board member Klaus…
Upscale-Egypt launches $450mn-project in Borg Al Arab
Egypt emerging real estate development firm, Upscale Development Holding (UDH), launched its first project in Borg…
Egypt’s property giant Palm Hills to deliver 1,800 housing units in 2016
Egypt's second-largest listed property developer, Palm Hills, is set to deliver 1,800 housing units during 2016 in…