Town Writers, a leading Egyptian property developer, has formed a strategic alliance with Attaby for Construction and Industry, a major subsidiary of Attaby Holding, to enhance its ability to deliver projects effectively. This collaboration will see Town Writers inject construction investments worth EGP 5.1 billion over the next two years. The Notion residential project in New Cairo is listed as one of the first developments under this new strong engineering alliance.
Egypt has signed a significant investment partnership with Qatar’s sovereign wealth fund arm, Qatari Diar Real Estate Investment Company. The deal will see the development of an integrated urban tourism project on the Mediterranean coast in the Alam El Roum area. The total investment is estimated at more than USD 29.7 billion. The project spans 4,900 acres and 7.2 kilometers of coastline, and aims to transform the area into a world-class destination. It will include high-end residential complexes, luxury resorts with over 4,500 hotel rooms, and a new marina. The agreement includes an initial cash payment of USD 3.5 billion to Egypt. Prime Minister Dr Mostafa Madbouly emphasised that the deal reflects the strong fraternal relations and investment cooperation between Egypt and Qatar.
MIDAR for Investment and Urban Development has signed a major partnership agreement with Sixth of October Development and Investment Company (SODIC) to jointly develop Egypt’s first fully integrated wellness and sustainable community within “MADA”, New Cairo. The project, valued at EGP 110 billion, marks a significant step in Egypt’s ongoing urban expansion and sustainable city development efforts.
Minor Hotels has signed a joint venture with SUNRISE Resorts & Cruises to develop up to 50 hotels across Egypt, including Anantara Hotels & Resorts and Nile cruise operations, aiming to elevate the country’s luxury hospitality sector.
Aspect Development is expanding its footprint with projects in Abu Dhabi, Athens, and Cairo, strengthening its presence across the Middle East and Europe while reinforcing its commitment to premium and sustainable living.
Petromaint has secured a $121mn maintenance contract at Iraq’s Zubair oilfield and is weighing further expansion into Algeria, underlining its drive to strengthen its position in the MENA energy services market.
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