Construction & Real Estate

Grova Developments awards $1bn contract for major Cairo mixed-use project

Grova Developments, the real estate arm of Hassan Allam Holding, has awarded a major construction contract worth $1 billion for its integrated development - Grova Westfields - coming up in West Cairo. Spanning 1.2 million sq m, the premium project boasts a five-star hotel, branded residences, luxury villas, and apartments. ...

Construction & Real Estate

GE Vernova seals key services agreement for Cairo North power plants

GE Vernova has announced that it has signed a services agreement with the affiliates of the Egyptian Electricity Holding Company to provide Rotor Life Extension (RLE) solutions for five of its 9F gas turbines located at the Cairo North power plants in Egypt. ...

Construction & Real Estate

Saudi-Egyptian JV unveils $1.35bn mixed-use development in Cairo

A flagship Saudi-Egyptian joint venture Paragon Adeer has unveiled - Sumou Boulevard - a landmark mixed-use development spanning over 500,000 sq m in New Cairo being set up at an investment of EGP70 billion ($1.35 billion). It is the first flagship investment by Sumou Investment in the Egyptian market....

Construction & Real Estate

Talaat Moustafa Group, EEP to establish new university in Noor City

Talaat Moustafa Group (TMG), a leading real estate and tourism development company, and Egypt Education Platform (EEP), a leading education service provider in Egypt, have formed an alliance to establish a flagship private university within Noor City, one of TMG’s fully integrated master developments located East of Cairo....