Egypt Reassesses Privatization Strategy to Drive Economic Growth

Bonyan, a leading subsidiary of Compass Capital, is set to expand its footprint in Egypt's real estate market.

In 2025, Bonyan plans to acquire new administrative buildings and logistics assets as part of its growth strategy. The company has boosted its capital to EGP 1.654 billion and is preparing for an Initial Public Offering (IPO) on the Egyptian Stock Exchange. This IPO aims to enhance liquidity and support further expansion in Egypt's commercial and logistics real estate sector.

Bonyan’s capital increase and IPO preparations are vital steps towards securing the necessary liquidity for future expansions. By acquiring administrative and logistics assets, Bonyan is poised to strengthen its operational efficiency and market presence. Cost consultants can contribute by optimizing investments for cost-effectiveness and maximizing value,” says a company spokesperson.

The source: dailynewsegypt

Banque Misr is exploring new mortgage funds to support Egypt’s real estate sector amidst rising interest rates.

By providing tailored financing solutions, the bank aims to boost property sales and attract both regional and international investors. This initiative seeks to address the growing demand for real estate investment in Egypt and provide much-needed liquidity for developers.

Banque Misr’s launch of mortgage funds is a strategic response to rising interest rates. These funds will provide essential support for real estate growth. Cost consultants can help structure these funds to meet the financial needs of developers and investors effectively,” notes a bank representative.

The source: dailynewsegypt

Zaeem Holding has unveiled the Lora Compound, a cutting-edge residential project in Badr City, targeting sales of EGP 1.2 billion.

This development includes 450 modern residential units and a commercial mall, strategically positioned to benefit from Badr City’s proximity to major urban projects. As the area grows, Lora Compound is set to attract significant interest.

he launch of Lora Compound by Zaeem Holding marks a major milestone in Badr City's development. The strategic location and innovative residential features are expected to drive demand. Cost consultants can support the project by managing construction costs, ensuring timely delivery, and maintaining quality standards.

The source: dailynewsegypt

Luxury destination Somabay has set an ambitious goal of achieving EGP 8.5 billion in sales by the close of 2024, with EGP 7 billion already recorded.

The company plans substantial investments in both residential and commercial real estate, enhancing its appeal as a top luxury location in Egypt.

Somabay’s aggressive sales target showcases its strong market positioning and potential for growth. With increased investments in luxury residential and commercial projects, Somabay’s appeal will only strengthen. Cost consultants can offer strategic cost management advice to maximize returns on these investments.

The source: dailynewsegypt

The Egyptian government is on an ambitious mission to secure $4 billion in foreign investments for renewable energy by 2025.

The initiative focuses on large-scale solar and wind projects in collaboration with international leaders from Japan, France, China, Germany, Italy, Spain, and the USA. This effort aims to transform Egypt’s energy mix, targeting 42% renewable energy by 2030, and positioning the country as a global leader in sustainable energy.

Egypt’s renewable energy investment target is a transformative step towards sustainability. By partnering with top international firms, Egypt stands to benefit from advanced technologies and expertise. Cost consultants can play a key role in ensuring financial feasibility and long-term value for these projects.

The source: al-Arabiya

Egypt’s Al Attal Holding is gearing up to enter the Saudi real estate market with a large-scale project slated for Q1 2025.

This expansive development will include over 1,000 units across residential, commercial, and entertainment sectors, marking a strategic expansion in the Gulf region.

Al Attal Holding’s move into Saudi Arabia is a strategic expansion aimed at tapping into a burgeoning market. This mixed-use development requires careful cost management to ensure profitability and high-quality delivery. Cost consultants can provide insights into budgeting and value engineering to optimize project outcomes.

The source: al-Arabiya

Egyptian developer Margins Developments is set to reshape northern Riyadh’s landscape with a 50-acre residential project under its subsidiary Global Hills.

Now in planning stages, this development reflects Margins' commitment to Saudi market expansion, bringing innovative residential solutions to the region.

Margins’ residential project in Riyadh is a strategic investment in the Saudi real estate market. With meticulous planning, the project is set for success. Cost consultants can assist in conducting feasibility studies and detailed cost estimations to ensure financial viability and sustainability.

The source: al-Arabiya

In a strong endorsement, IMF Managing Director Kristalina Georgieva has praised Egypt’s economic reforms, highlighting their importance for economic stability.

Egypt is on track to reduce inflation to 16% by year’s end, reflecting effective government policies. The IMF’s continued support underscores confidence in Egypt's economic direction.

The IMF’s recognition of Egypt’s reforms is a positive endorsement, reflecting the country’s progress toward economic stability and growth. Cost consultants can play a role in supporting these reforms through strategic financial planning and cost management.

The source: al-Arabiya

The 12th World Urban Forum 12 Egypt (WUF) in Cairo has spotlighted Egypt’s commitment to sustainable urban development and global climate action.

This prestigious event attracted prominent stakeholders, showcasing Egypt's leadership in sustainable urban planning. WUF provides a platform for sharing innovative ideas and best practices in sustainable city-building, positioning Egypt as a frontrunner in green urbanization.

Hosting the World Urban Forum reaffirms Egypt’s dedication to eco-friendly urban growth. Engaging with global partners can unlock advanced technologies and insights. Cost consultants play an essential role by ensuring sustainable urban projects are economically viable, aligning environmental goals with financial sustainability.

The source: osoulmisrmagazine

The American Chamber of Commerce in Cairo recently held its annual conference, diving into Egypt's real estate market trends, investment opportunities, and the effects of recent economic reforms.

Industry leaders and developers gathered to discuss market growth and new business ventures, emphasizing Egypt’s potential as a real estate investment hub.

The American Chamber of Commerce’s conference is vital for understanding Egypt’s real estate trends. Insights on investment and economic reforms are crucial for cost consultants, who can help optimize investment returns through strategic cost management and financial planning.

The source: osoulmisrmagazine

President Abdel Fattah El-Sisi has announced plans for a new generation of smart cities in Egypt, including the New Administrative Capital and New Alamein City.

These cities will integrate cutting-edge technologies and eco-friendly designs, enhancing urban living standards. This initiative is expected to position Egypt as a pioneer in smart city development.

President Sisi’s vision for smart cities in Egypt represents a transformative approach to urban living. These projects require strategic planning and cost management, with cost consultants ensuring delivery within budget, maximizing benefits for residents, and enhancing quality of life.

The source: osoulmisrmagazine

Leading developers like Talaat Moustafa Group and Tatweer Misr joined the World Urban Forum to present their latest projects, reinforcing the private sector’s role in Egypt’s urban transformation.

Their participation highlighted the sector's commitment to sustainable development and future urban planning in Egypt.

The involvement of top real estate developers in the World Urban Forum underscores the private sector’s role in Egypt’s urban evolution. Cost consultants can offer expertise in cost estimation, budgeting, and financial analysis, supporting the successful completion of innovative projects.

The source: osoulmisrmagazine

Egypt plans to launch an international tender in 2025 for the construction of its 6th metro line, enhancing Cairo’s public transportation and reducing traffic congestion.

This new line will improve connectivity, serving Cairo's growing population and strengthening the city's infrastructure.

The upcoming international tender for the 6th metro line represents a pivotal step for Cairo’s public transportation. Cost consultants are essential to this project, providing expertise in cost estimation, risk management, and budget planning to ensure its success.

The Source: Zawya

First Abu Dhabi Bank Misr (FABMISR) , a subsidiary of First Abu Dhabi Bank, has secured a $90 million syndicated loan for Saudi Egyptian Developers, funding the Central mixed-use project in New Cairo.

This financing will drive the development of residential, commercial, and hospitality units, contributing to New Cairo's urban growth.

The $90 million syndicated loan arranged by FABMISR will accelerate New Cairo’s development. Effective fund management is key for large-scale projects, and cost consultants can help maintain budget discipline, ensuring optimal financial returns.

The source: Zawya

Odin Investments has announced a remarkable 92% year-on-year profit increase in Q1 FY2024-25, driven by strategic investments and effective portfolio management.

This impressive financial performance underscores the success of Odin’s growth strategy and market adaptability.

Odin Investments’ 92% profit surge is a testament to their smart investment strategy and efficient portfolio management. Cost consultants can support Odin by providing financial insights and cost optimization strategies for continued growth.

The source: Zawya

Egypt is re-evaluating its privatization strategy to improve economic efficiency and attract private sector investment.

This initiative aligns with Egypt’s economic reform goals to reduce state involvement and empower private businesses, creating a more competitive market. The reassessment aims to boost innovation, drive growth, and make Egypt an attractive destination for investors.

Reassessing Egypt's privatization strategy is a pivotal move towards fostering economic growth. By reducing state involvement, Egypt can stimulate private sector innovation and competitiveness. Cost consultants play a key role here, ensuring accurate asset valuations and transparent privatization processes.

The source: claps

Madinet Masr , in collaboration with Heliopolis Housing, has launched a large-scale development in New Heliopolis City, covering 491 feddans and featuring residential, commercial, and luxury units.

Set to generate significant revenue over the next 12 years, this project aims to establish a vibrant, sustainable community in the heart of New Heliopolis.

Madinet Masr’s ambitious New Heliopolis City project is set to transform the area. Effective cost management is critical to achieving profitability, and cost consultants can support this by providing budgeting, cost control, and value engineering expertise.

The source: claps

This month’s economic roundup covers major updates in Egypt’s business landscape, including new infrastructure projects, investment opportunities, and strategic partnerships.

These initiatives reflect Egypt’s ongoing commitment to economic growth and attracting global investors.

Staying updated on Egypt’s economic landscape is crucial for strategic planning. Emerging infrastructure projects and investment opportunities create avenues for growth. Cost consultants can assist by offering expertise in cost estimation, financial planning, and risk management.

The source: claps

Egypt and Zambia are forging a partnership to boost rural and urban development, with Egyptian Housing Minister Assem El Gazzar sharing Egypt’s urban planning insights with Zambia.

This collaboration aims to leverage shared expertise for mutually beneficial development outcomes.

The Egypt-Zambia partnership in rural and urban development showcases the value of shared expertise and investment. Cost consultants can add value by ensuring projects are financially sustainable, benefiting both countries.

The source: invest-gate

Palm Hills Developments has sponsored the UN’s World Urban Forum in Cairo, highlighting its commitment to sustainable urban development in Egypt.

The forum served as a platform for industry leaders to discuss innovative solutions to modern urban challenges.

Palm Hills Developments’ sponsorship of the World Urban Forum reaffirms its commitment to sustainable urban development. Engaging in such events enables the exchange of best practices. Cost consultants contribute by ensuring sustainable practices are economically viable.

The source: invest-gate

At the World Urban Forum, Egypt’s Housing Minister Sherif El Sherbini introduced the Green Urban Strategy, focusing on sustainable and resilient urban planning.

This initiative promotes green building practices, renewable energy, and environmental sustainability as key components of Egypt’s urban future.

The Green Urban Strategy is a transformative step for Egypt’s urban planning. Green building and renewable energy adoption require careful cost management to balance economic and environmental benefits, where cost consultants play a crucial role.

The source: invest-gate