alekhbaryia Archives - الصفحة 6 من 48 - جريدة الاخبارية

Qurtuba Developments prepares to launch its ambitious expansion plan to enhance its presence in the Egyptian market

Posted on نوفمبر 17, 2025 by aberabozaher

Qurtuba Developments Company, announced its prepations to launch a new expansion plan aiming to enhance its presence in the Egyptian market and diverse its investment portfolio through different projects in strategic locations, most notably the New Administrative Capital.

Qurtuba Developments

Dr. Hussein Hawash, CEO of Qurtuba’s Commercial Sector, said that this plan comes is part of a comprehensive strategy based on well-considered and strategic expansion,
to keep pace with the changeable needs of the Egyptian real estate market and reinforce Qurtuba’s position as one of the most balanced real estate developers in terms of quality and sustainability.

He added that the company is currently studying a number of new projects with substantial investments, representing an extension of its success
in delivering projects that combine distinctive architectural identity, modern design, and strategic location to apply the clients needs whom seeking genuine value and a secure investment.

He pointed that NUZUL Tower project in the New Administrative Capital was one of the most prominent examples embodying the company’s vision, as the project achieved great success since its launchind, due to its prime location on the eastern axis and its design as a mixed-use project (commercial, administrative, and hotel) with investments exceeds 3 billion Egyptian pounds.

He assured that the strong partnerships that the company had established, and the accurate study that preceded the project’s launching, were among the most important reasons for the great demand, noting that Qurtuba does not launch a project except after making a realistic study for the market and ensuring the integration of the elements of success in it.

Strategic Partnerships.. the basics of success and sustainability

Dr. Hussein Hawash assured that strategic partnerships represent one of the most important pillars of Qurtuba’s vision for expansion and growth, due to the company’s faith that true success in real estate development cannot be achieved in isolation, but rather through building an integrated system that includes success partners at every stage.

He pointed that Qurtuba has strong collaborative relationships with major engineering and construction consulting companies, most notably “Arcrete Engineering Consultants”, in addition to professional alliances with international hotel management and operations companies, including “TIME Hotels” group-the UAE-based-
which operates and manages “Nuzul” hotel chain and projects in Egypt.

He added that cooperation with TIME Hotels aligns with Qurtuba’s strategy to build an Egyptian hotel brand with international operating standards, keeping pace with the demands of modern tourism investment and offering its guests a high-quality hospitality experience that blends authenticity with innovation.

He showed that these partnerships represent the cornerstone of trust in the company’s projects, as Qurtuba relies on combining strong investment with precise operational and technical experience, which directly reflects on the final products’ quality and client satisfaction.

A comprehensive vision for the future

Dr. Hawash added that the company has solidified its position in the Egyptian market over the past years, through a portfolio exceeds 45 projects in strategic locations such as New Damietta, New Mansoura, and the New Administrative Capital, including “One Business Center” and several distinguished administrative and hotel projects.

He assured that Qurtuba Developments’ vision is based on delivering genuine value to clients, through projects that combine commitment, quality, and sophisticated design, besides the company’s commitment to delivery deadlines and technical specifications, which enhances client trust and establishes a long-term relationship with the market.

He added that what distinguishes Qurtuba is its ability to think differently, as we don’t seek numerical expansion in the number of projects, but rather intellectual expansion in the development philosophy itself, pointing that the next phase will witness the launching of a group of major projects that reflect the maturity of our experience and the continuity of our vision.

He noted also that within this comprehensive vision, Qurtuba Developments is steadily moving towards a brighter future, building on a track record of success, strong financial and organizational capabilities, and strategic alliances with major regional entities, which enables it to be one of the most influential real estate brands in the modern Egyptian development scene.

About the Company

Qurtuba Developments was established as one of Egypt’s leading real estate development companies.

It operates a diverse portfolio of residential, commercial, hospitality, administrative, and medical projects in strategic locations within New Damietta, New Mansoura, the New Administrative Capital, and New Alamein.

The company adopts a philosophy based on sustainable development, commitment, and innovation in design and execution, reflecting its vision of building an integrated real estate future that applies the aspirations of both the Egyptian market and investors.

GEDICO Communities commences construction on “Nebu Business Court” in New Capital with EGP 3bn investments

Posted on نوفمبر 16, 2025 by aberabozaher

Great Egypt “GEDICO” Communities has announced the commencement of construction for its “Nebu Business Court complex” in the heart of the New Capital, with total investments exceeding EGP 3bn.

GEDICO Communities

The move comes just five months after the project’s launch, reflecting the company’s strong financial position and firm commitment to its clients.
CEO of GEDICO Communities Mohamed Awaad Habeeb said the company intends to start construction in record time following the project’s launch.

He added that this approach reflects GEDICO’s strong strategy to uphold its credibility, honor its commitments to clients, and deliver world-class real estate developments in the heart of the New Capital.

Habeeb noted that the “Nebu Business Court” occupies a strategic location overlooking the House of Representatives and Senate, the City of Justice, Al-Shaab Square, the Cabinet headquarters, and Misr Mosque, making it one of the most prominent administrative projects in the area.

The project is also the first administrative building in the New Capital to obtain the ISO 14001 environmental certification, and it is designed and qualified to receive the LEED international certification for environmental sustainability and green building quality, reflecting GEDICO Communities’ commitment to modern construction standards and green architecture.

Habeeb highlighted that CUBE Consultants designed the project, which comprises two towers, north and south, linked by a central plaza for various user activities and a panoramic bridge connecting the towers.

Each tower features two basement parking levels and nine administrative floors with flexible layouts and interior heights exceeding 5 sqm. The main entrance boasts a distinctive 16-meter-high Pharaonic design, inspired by the monumental halls of ancient Egyptian temples, emphasizing the project’s luxury and unique architectural identity.

The ground floor includes branches of several Egyptian banks and the largest private conference hall in the business community of the New Capital. Accordingly, the company aims to achieve maximum diversity in administrative and investment activities within the project, ensuring the highest possible return on investment for its tenants.

Schneider Electric Showcases the Impact of its Sustainability Commitment Through Strong Q3 Results

Posted on نوفمبر 16, 2025 by aberabozaher

Schneider Electric, a global energy technology leader, today announces its non-financial results for the third quarter of 2025, confirming its progress toward completing the Schneider Sustainability Impact (SSI) 2021–2025 program. With one quarter remaining, the company reports a score of 8.52 out of 10, confirming strong alignment with its year-end target of 8.80.

Schneider Electric

One of the key milestones this quarter is the early completion of the Zero Carbon Project, which reached a 53% average reduction in CO₂ emissions across top suppliers’ operations, surpassing the 2025 ambition ahead of schedule. This initiative supports over 1,000 suppliers through tailored decarbonization roadmaps, technical training, and renewable energy guidance.

Progress continues across other core SSI indicators:

Decarbonization: Schneider Electric has helped customers save and avoid 792 million tonnes of CO₂ emissions through its products and solutions since 2018, nearing its 2025 ambition of 800Mt. During Climate Week NYC 2025, the company announced the expansion of its Scope 3 decarbonization efforts, including enhanced supplier engagement and new industry collaborations. These initiatives aim to accelerate emissions reductions across the value chain, with a focus on digital tools, renewable energy sourcing, and circularity.

In parallel, Schneider Electric’s AirSeT switchgear was recognized by the World Economic Forum for Excellence in Sustainable Design. This innovation replaces SF₆ with pure air and vacuum technology, eliminating a potent greenhouse gas and enabling smarter, safer grids.

Access to Energy: Over 60 million people have gained access to green electricity through Schneider Electric’s programs since 2009, exceeding the 2025 target. This impact is supported by distributed energy solutions such as microgrids, which empower communities through local ownership and inclusive governance. The Schneider Electric™ Sustainability Research Institute’s recent paper, Energy Poverty: And the many ways that safe, affordable, sufficient, and sustainable energy for all empowers, explores how energy democracy can drive systemic change.

“Schneider Electric has been named the world’s most sustainable company three times this year, most recently by Sustainability Magazine. These recognitions are a reflection of the collective progress we’re seeing across industries.” said Esther Finidori, Chief Sustainability Officer. “What gives me confidence is the actions we see every day. Organizations are cutting emissions, technology is ready and being deployed at scale, and people are driving change with purpose. Sustainability is becoming the core of how we operate, innovate, and collaborate. That’s where real transformation happens.”

For a detailed view of all indicators and progress, please refer to the full Q3 2025 Schneider Sustainability Impact report, including the latest progress dashboard:

Raya Holding Reports Record-Breaking Results for Q3 and 9M 2025

Posted on نوفمبر 16, 2025 by aberabozaher

Raya Holding for Financial Investments (RAYA.CA) announced its consolidated financial results for the third quarter and first nine months of 2025, reporting another period of record-breaking performance that reflects the Group’s resilience, strategic execution, and diversified business model.

Raya Holding

During the third quarter of 2025, Raya Holding achieved its highest results to date, with revenues reaching EGP 17.7 billion, marking a strong 45.5% year-on-year growth and a 19% increase compared to the previous quarter. Gross profit recorded EGP 3.6 billion, up 46.8% year-on-year, while EBITDA rose by 59.1% to reach EGP 2.1 billion.

Net profit after minority interest surged by 62.4% year-on-year to EGP 740 million, representing the highest quarterly net profit in the company’s history.

For the first nine months of 2025, the Group maintained its strong growth trajectory, with total revenues amounting to EGP 45.5 billion, reflecting a 41% increase compared to the same period last year. Gross profit grew by 41.4% to reach EGP 9.6 billion, while EBITDA rose by 43.6% to EGP 5.3 billion.

Net profit after minority interest recorded a 47% year-on-year increase, reaching EGP 1.6 billion.

These results underscore Raya Holding’s operational excellence and strategic focus on sustainable growth and profitability across its diverse portfolio.

portfolio companies continued to demonstrate the strength and balance of Raya’s business model. Raya Information Technology reported exceptional growth of 65.1% year-on-year, driven by major digital transformation projects and strategic investments, including financing agreements exceeding EGP 2 billion.

Aman Holding achieved 51.4% year-on-year revenue growth, fueled by the launch of innovative financing products, expansion plans in Saudi Arabia, and a total of EGP 665 million in securitization issuances during 2025.

Raya Trade achieved 33.2% growth in revenues, supported by the expansion of its retail network and exclusive distribution partnerships with global brands. Raya Electric recorded an outstanding 212.4% year-on-year increase in revenues, reflecting the success of its Manufacturing-as-a-Service partnership with LG and growing demand for local production.

Raya Foods also delivered strong performance with a 36.3% year-on-year increase in exports, reinforcing its position as Egypt’s number-one frozen strawberry exporter, while Raya Auto continued to grow with a 33.9% increase in revenues supported by the success of XPENG’s electric vehicles. Meanwhile, Raya Customer Experience maintained steady performance, with 67.9% of its revenues generated in USD, highlighting its growing offshore footprint.

Commenting on the results, Ahmed Khalil, Group CEO of Raya Holding, stated:

“Our 2025 performance reflects the strength of Raya’s investment portfolio, a diversified structure, and a strategy built on discipline and growth. Each of our businesses has delivered solid results, proving the value of our operating model and the quality of our leadership across sectors.

This record year is the outcome of collective effort, from our teams driving performance on the ground to the leadership steering strategic direction. We remain focused on consistency, sustainable returns, and creating real value for our shareholders, partners, and customers.”

As one of Egypt’s leading investment groups, Raya Holding continues to operate through 10 portfolio companies, 40 subsidiaries across 6 countries, employing more than 20,000 professionals. With a consistent focus on innovation, expansion, and efficiency, Raya continues to strengthen its position as a flagship investment group contributing to Egypt’s industrial, technological, and economic growth.

Palm Hills Developments delivers 42% revenue growth in 9M2025 to record EGP25.5 billion, net profit after tax stands at EGP3.5 billion a growth of 50% YoY

Posted on نوفمبر 16, 2025 by eman

Palm Hills Developments delivers 42% revenue growth in 9M2025 to record EGP25.5 billion, net profit after tax stands at EGP3.5 billion a growth of 50% YoY o on November 16, 2025 – Palm Hills Developments S.A.E. (“Palm Hills” or “the Company”), a leading real estate developer in Egypt, announces its consolidated financial and operating results for the financial period ended September 30, 2025.

Palm Hills Developments delivers 42% revenue growth in 9M2025 to record EGP25.5 billion, net profit after tax stands at EGP3.5 billion a growth of 50% YoY

9M2025 Key Highlights:

New sales amounted to EGP182 billion in 9M2025, up by 40% YoY, driven by solid sales across all regions.

Revenue increased by 42% YoY to record EGP25.5 billion in 9M2025, driven by successful strong new sales, and ongoing recognition of development revenue backlog.

Gross Profit grew by 63% YoY to reach EGP 10.4 billion during the period, implying margin expansion to 41% compared to 36% in 9M2024.

EBITDA expanded 61% to EGP6.6 billion compared to EGP4.1 billion in 9M2024, implying an EBITDA margin of 26% versus 23% a year earlier.

Cash collection from receivables and new sales grew by 40% YoY to EGP26 billion in 9M2025.

Construction spending increased by 71% YoY to record EGP 10.5 billion in 9M2025.

Nine-month net profit before tax and minority up 56% YoY to EGP5.1 billion, while net profit after tax reached EGP3.5 billion, an increase of 50% YoY, with a Net Profit margin of 14% compared to 13% in 9M2024.

As of September 30, 2025, the company’s backlog of units sold and not yet delivered reached EGP225 billion compared to EGP110 billion in 9M2024.

Yasseen Mansour, Executive Chairman, comments: “Palm Hills Developments demonstrated exceptional growth momentum in 2025, maintain its highest-ever figures across all fronts. This impressive performance was largely driven by strong performance across all regions, with a growth in sales of 40% which demonstrates the strength of Palm Hills. Building on sales strength and company’s strong backlog, the company delivered another robust financial performance, with revenues and net profit for the nine-month EGP25.6 billion and EGP3.5 billion, respectively, a year-on-year growth of 42.2% and 50.6%. Palm Hills not only surpassed its full year performance but also reinforced its ability to sustain growth and deliver consistent results.

For the remainder of the year and into early 2026, we remain confident in Egypt’s real estate market’s durability and resilience. The company’s strategy focus is directed toward expanding and developing existing portfolio and our newly acquired land in Egypt and UAE, which will further enhance the projects’ portfolio and long-term value”.

“Egypt Trust Unveils e-Signature Future at Cairo ICT 2025

Posted on نوفمبر 15, 2025نوفمبر 15, 2025 by doha

Egypt Trust, the leading provider of electronic signature and information security services

in Egypt, is set to participate in Cairo ICT 2025 with an extensive lineup of interactive sessions

workshops, and expert-led discussions The company’s participation this year aims to directly

engage business leaders, technology professionals, and exhibition visitors, introducing them

to the latest advancements in digital signatures, data encryption, and secure digital identity solutions

Throughout the exhibition, Egypt Trust’s booth (1F6 – Hall 1) will host a series of specialized

sessions featuring prominent experts in the industry The program kicks off with the session titled

Digital Signatures Around the World” presented by Dr. Walid Diab, Head of Quality and Planning at

Egypt Trust. This session will provide an overview of global trends in digital signatures and explore

how cross-border digital trust is being established The session will take place on the first day of

the exhibition, 16 November, at 2:00 PM

Digital Signatures: A Global Perspective

On the first day of the exhibition, Dr. Walid Diab will lead an insightful session

discussing the evolving global landscape of digital signature technologies and how

businesses can foster international trust in the digital space This session is scheduled

for 2:00 PM on 16 November

The Smart Agency: Artificial Intelligence Meets e-Signatures

On 17 November at 11:00 AM, Dr. Mohamed Mamdouh, Head of e-Litigation at United

Bank of Egypt, will present “The Smart Agency When AI Begins Signing on Behalf of Humans

This session will delve into the intersection of artificial intelligence and electronic signatures

examining how AI is poised to transform legal and business processes through automation

and intelligent decision-making systems

Digital Transformation: Rewriting the Future of Business

Later on 17 November at 2:00 PM, Mr. Abou Bakr Taher, Chief Commercial Officer

at Egypt Trust, will host the session titled “Digital Transformation: Rewriting the Future

This session will highlight the critical role of data-driven insights in reshaping business strategies

improving performance, and accelerating productivity across various sectors

Xerox Leads Digital Transformation: From Document Management to Intelligent Systems

On 18 November at 11:00 AM, Eng. Hossam Mohamed from Xerox Egypt will

lead a session titled “Xerox Leads the Future of Digital Transformation From

Traditional Document Management to Intelligent Digital Ecosystems The session will

explore the shift from traditional document management systems to intelligent digital ecosystems

illustrating how this transformation enhances operational efficiency and drives business success

Digital Trust: Building Secure Digital Identities for Egypt’s Future

On the same day, 18 November at 2:00 PM, Dr. Ahmed Saleh, Business Development Manager

at Egypt Trust, will present an interactive session on “Digital Trust: The Path to a Secure Digital

Identity for Egypt’s Future.” This session will focus on the importance of building secure digital

identity systems and their role in advancing public services and financial services in Egypt

The Role of Encryption in Shaping a Secure Digital Future

The seminar series will conclude on 19 November at 2:00 PM, with a session led by Eng

Abdelrahman Mohamed, Cybersecurity Manager at Egypt Trust. Titled “The Role of Encryption

in Shaping a Secure Future,” this session will cover crucial topics like encryption key management

cryptography, and the role of encryption in protecting digital identities and ensuring the integrity

of national digital infrastructures

Promoting Digital Trust and Security

Egypt Trust emphasizes that its participation in Cairo ICT 2025 is a reflection of its

commitment to raising awareness about the significance of digital trust and secure identity

management solutions As Egypt accelerates its digital transformation, the company aims to

facilitate meaningful dialogues with stakeholders across the business and technology sectors

advocating for digital trust as the cornerstone for a more secure, resilient, and efficient digital economy

GEDICO Communities Begins Building Nebu Business Court in the New Capital with EGP 3bn Investment

Posted on نوفمبر 15, 2025نوفمبر 15, 2025 by doha

GEDICO Communities has officially commenced construction of its flagship development

Nebu Business Court, in the heart of Egypt’s New Administrative Capital, with total investments

surpassing EGP 3 billion The construction kick-off comes just five months after the project’s

initial launch an indicator of the company’s robust financial capacity and strong commitment

to timely project delivery

Rapid Construction Start Reflects Strong Strategy and Market Credibility

Mohamed Awaad Habeeb, CEO of GEDICO Communities, stated that beginning construction

within such a short timeframe underscores the company’s strategic vision and dedication to

credibility in the real estate market He stressed that GEDICO aims to deliver world-class

administrative developments that meet international standards and strengthen investor

confidence in the New Administrative Capital

Prime Location Overlooking Key Government Landmarks

Strategically positioned, Nebu Business Court directly overlooks several of the

most significant landmarks of the New Capital, including

The House of Representatives

The Senate

The City of Justice

Al-Shaab Square

The Cabinet headquarters

Misr Mosque

This exceptional location positions the development as one of the most prominent

and sought-after administrative office projects in the New Administrative Capital

First Administrative Building in the New Capital to Achieve ISO 14001 Certification

The project stands out as the first administrative building in the New Administrative

Capital to obtain ISO 14001, the globally recognized certification for environmental

management systems Additionally, Nebu Business Court is designed to qualify for the

LEED certification, highlighting GEDICO Communities’ commitment to sustainable building

standards, energy efficiency, and green architecture

Architectural Excellence by CUBE Consultants

architectural concept consisting of

Two towers (North & South)

A central activity plaza

A panoramic pedestrian bridge linking both structures

Each tower includes:

Two basement parking levels

Nine administrative floors with flexible layouts

Interior floor heights exceeding five meters

The main entrance showcases a 16-meter-high Pharaonic-inspired façade

modeled after the grand halls of ancient Egyptian temples, giving the project a distinctive

and luxurious architectural identity

Comprehensive Facilities Including Bank Branches and the New Capital’s Largest Private Conference Hall

The ground floor of Nebu Business Court will house

Branches of leading Egyptian banks

The largest private conference hall serving the business community of the New Capital

By incorporating diverse administrative, commercial, and investment functions, GEDICO Communities

aims to secure the highest possible return on investment for tenants and investors, while meeting the

evolving needs of Egypt’s growing business sector

Najm Developments Unveils VELN Project in New Cairo with Over EGP 1.6 Billion Investment

Posted on نوفمبر 15, 2025نوفمبر 15, 2025 by doha

Najm Developments has officially unveiled its latest real estate venture, VELN, in the heart

of New Cairo, with total investments exceeding EGP 1.6 billion. The launch event was a grand

ceremony attended by prominent figures from the real estate sector, business partners, and key clients

VELN Project: A Prime Investment Opportunity in New Cairo

Eng. Wael Ramadan, Chairman of Najm Developments, emphasized the strategic location

of VELN, spanning 3,772 sqm in the El Yasmin district Situated just a minute from North 90th

Street and PetroSport Club, the project enjoys prime connectivity with high traffic and population

density, making it an attractive hub for both commercial and administrative investment

“VELN embodies Najm Developments’ vision of delivering distinctive projects that combine high

investment returns with a complete operational experience,” Ramadan said

Modern Design and Comprehensive Amenities

The VELN project offers a modern architectural design with open views and diverse

unit layouts to accommodate commercial, administrative, and healthcare activities

The project is equipped with top-tier amenities including

Entertainment zone

Two-level underground parking

24/7 CCTV and security systems

Fire protection system

High-speed internet and integrated sound system

Regular maintenance services

Six elevators and escalators

Dedicated prayer area

These features ensure a safe, functional, and operationally efficient environment

for all tenants and businesses within the development

Project Scale, Units, and Handover Timeline

VELN consists of two basements, a ground floor, and three repeated floors

offering units in the following ranges

Commercial units on the ground floor: 28–137 sqm

Commercial units on the first floor: 30–80 sqm

Clinics: 21–79 sqm

Administrative offices: 29–79 sqm

The project is scheduled for handover within four years, with an initial sales

target of EGP 900 million, as part of a broader annual sales plan of EGP 3 billion

Strategic Partnerships and Future Expansion Plans

Najm Developments is collaborating with experienced partners for VELN, including

Criteria Design Group – Design consultancy

Kelma Development Consulting – Development advisory

Egymap for Commercial Property Management – Commercial asset management

Reco for Real Estate Entertainment Consultants & Operations – Entertainment and marketing operations

The company also plans to expand its presence in New Cairo and other emerging cities such as Obour

and El Shorouk, with upcoming residential and commercial projects

Grand Launch Event Highlights

The VELN launch celebration featured live performance by star Tamer Ashour, alongside

influential figures from the arts, business leaders, social icons, and clients, creating

a festive and memorable atmosphere With VELN, Najm Developments strengthens its

position as a leading real estate developer in New Cairo, offering projects that balance

investment value, modern design, and integrated operational experience

SEO Keywords integrated Najm Developments, VELN project, New Cairo real estate

EGP 1.6 billion investment, commercial units in New Cairo, administrative offices New Cairo

real estate launch event, Tamer Ashour

Changelabs partners with 5 of Egypt’s Leading Insurance Companies to Launch Corporate Accelerator Program

Posted on نوفمبر 15, 2025 by eman

Changelabs partners with 5 of Egypt’s Leading Insurance Companies to Launch Corporate Accelerator Program Cairo, Egypt – November 14 2025, In line with Changelabs’ new corporate offering, and building on success with global clients, Changelabs has launched a product development and risk management accelerator for well established Egyptian Insurance companies.

Changelabs partners with 5 of Egypt’s Leading Insurance Companies to Launch Corporate Accelerator Program

October 6th, Cairo, Egypt: Misr Insurance, Orient Insurance, Sarwa Insurance, Amanleek, and Kaf Insurance have signed an agreement with Changelabs to help launch and scale SME-focused insurance products, improve distribution models, and enhance workplace safety and risk management practices, ultimately contributing to higher profitability.

In line with its strategy of always leveraging best in class expertise, Changelabs has sub-contracted global insurance industry leaders RMC and Finprobity to develop and deliver the content, coach the insurance management teams, and support with product development and FRA approval. So far, several admitted companies have launched new insurance products targeting SMEs, boosting revenue and profitability, while others have strengthened their risk management capabilities, leading to increased efficiency and cost savings.

Changelabs’ Managing Director Karim Samra said: “With this accelerator, once again, we set out to prove that even the most established industries can innovate and grow through collaboration with startups/SMEs, agility, and purpose-driven design. By partnering with Egypt’s top insurers, we’re not only accelerating product innovation but also helping reshape how the sector serves SMEs — a critical engine of the Egyptian economy.”

To date, 4 new and amended products have been launched through the program tailored to SME needs. The program has also contributed to improving working conditions for 3,000 SME employees. In addition, InsurGrow has trained a total of 435 staff members, including 75 property risk engineers, 60 property underwriters, and 300 employees and management personnel, enhancing both technical skills and operational capacity across the sector.

Ahmed Khalifa, CEO at Sarwa Insurance, stated: “Our partnership with Changelabs through InsurGrow was truly collaborative blending their innovation ecosystem with our insurance expertise. Together, we accelerated product development and created meaningful improvements in how we serve SMEs, introducing new insurance offerings and strengthening our risk management approach.”

InsurGrow stands as a powerful testament to Changelabs’ new corporate business offering — a bold step toward transforming traditional industries through innovation,

partnership, and impact. By bringing together Egypt’s leading insurers, in partnership with the Insurance Federation of Egypt and GIZ, and enabling them to co-create, adapt, and scale in today’s fast-evolving market, Changelabs is redefining how established corporations interact and partner with startups and SMEs. This milestone marks just the beginning of a broader vision: to empower large enterprises to access innovation, unlock new market opportunities, and build stronger, more resilient ecosystems across Egypt and the region.

Misr Italia Properties Unveils Details of Phase Two “Can Limon” During a Media Tour of Its “Kai Sokhna” Development on the Red Sea

Posted on نوفمبر 13, 2025 by aberabozaher

As part of its ongoing efforts to strengthen its position as developer of vibrant year-round coastal destinations, Misr Italia Properties has unveiled details of phase two of its integrated project Kai Sokhna on the Red Sea, “Can Limon,” which is set to launch soon.

Misr Italia Properties

The announcement took place during an extensive media tour of the project, attended by leading media representatives and the company’s executive management, led by Eng. Mohamed Khaled El Assal and Karim El Assal, CEOs and Managing Directors of Misr Italia Properties. The event also brought together strategic partners who contributed to realizing the company’s vision, including Eng.

Mohamed Fares, Co-Founder of Alchemy Design Studio, the project’s master planner and architect; Dr. Eng. Mohamed Abdel Ghany, Chairman of ECB, responsible for project management and execution; Mr. Ahmed Hanafy, Founder of The Lemon Tree (TLT Concepts), the strategic partner for hospitality; and Mr. Sherif Soliman, Founder of Fins Kitesurfing Center, the first and only center of its kind in Ain Sokhna.

Kai Sokhna stands as a transformative project redefining Ain Sokhna from a seasonal retreat into a vibrant, year-round community that balances luxury and lifestyle. The development features a range of wellness and fitness offerings; designed by Alchemy Design Studio, the project merges modern architecture with the coastal landscape to create a harmonious seaside sanctuary that promotes relaxation and well-being.

Boasting a natural one-kilometer sandy beach on the Red Sea and a strategic location close to Cairo, Kai Sokhna offers an ideal getaway for both short vacations and extended stays, while maintaining proximity to other popular coastal destinations.

The newly developed phase, “Can Limon,” reflects Misr Italia Properties’ commitment to delivering hospitality experiences that meet world-class standards. The phase includes 145 Serviced Residences by TLT Concepts, offering residents a luxurious and fully integrated hospitality experience.

Construction progress has been remarkable, with 80% of the concrete structure completed. The phase is expected to reach full structural completion next year, with exterior works set to begin in early 2026. With an investment value of EGP 1.3 billion, this phase is scheduled for full completion by 2027, and unit delivery within 18 months, fully finished and ready for occupancy.

Eng. Mohamed Khaled El Assal, CEO and Managing Director of Misr Italia Properties, stated: “We were among the first developers to recognize the Red Sea’s immense potential, launching Kai Sokhna before the area became a focal point of national development. Today, Kai Sokhna stands as a living example of our long-term vision, aligning with Egypt’s strategy to transform the Red Sea coast into a sustainable, integrated, year-round tourism destination.

The project’s total investment value has reached approximately EGP 4.6 billion, including EGP 3 billion dedicated to hotels and hospitality services, reaffirming our commitment to developing a holistic destination that supports tourism and enhances the region’s appeal.”

Karim El Assal, CEO and Managing Director of Misr Italia Properties, added: “At Kai Sokhna, our clients are not simply buying a unit; they are investing in a complete hotel-style living experience within their own homes. Can Limon — with its serviced residences operated by TLT Concepts — guarantees effortless daily luxury.

This experience will soon be complemented by the announcement of a world-class five-star hotel in phase three, reaffirming our position as a coastal destination offering hospitality at global standards.”

Eng. Mohamed Fares, Co-Founder of Alchemy Design Studio, commented: “Our vision for Kai Sokhna was to achieve harmony between architecture and nature. We designed Can Limon as a walkable, fully integrated village where all services are centrally located to create a sense of belonging and sophistication.

Every design detail reflects the beauty of the Red Sea. Our collaboration with Misr Italia Properties has turned an ambitious vision into a tangible, one-of-a-kind living experience.”

Dr. Eng. Mohamed Abdel Ghany, Chairman of ECB, added: “Our core commitment at Kai Sokhna is exceptional quality and on-time delivery. Achieving 80% structural completion of the new phase demonstrates that forward-looking visions can be realized with precision, ensuring that every client’s investment is backed by professionalism and trust.”

Mr. Ahmed Hanafy, Founder of The Lemon Tree (TLT Concepts), said: “At Can Limon, we strive to create exceptional experiences that blend comfort, sophistication, and a sense of harmony in every detail. Our goal is to redefine luxury hospitality to encompass both living and lifestyle. Our partnership with Misr Italia Properties is driven by a shared passion for creating lively, inspiring destinations.”

Commenting on the role of Fins Kitesurfing Center, Mr. Sherif Soliman added: “Kai Sokhna’s location is one of the best in Egypt for kitesurfing, making it an ideal destination for both locals and international visitors. The addition of hospitality and serviced residences within Can Limon enhances Fins’ competitive edge by attracting a broader audience, while maintaining our most important advantage — strategic proximity to Cairo — which makes it a year-round sports destination.”

Today, Kai Sokhna cements Misr Italia Properties’ position as a pioneering developer that doesn’t just build communities but creates destinations aligned with Egypt’s national vision for Red Sea development. Through the architectural excellence of Alchemy, the quality commitment of ECB, the premium hospitality of TLT Concepts, and the specialized water sports offerings of Fins, the project stands as a unique model of international standards brought to life on Egyptian soil.

The market will soon witness the official launch of “Can Limon,” redefining coastal luxury and establishing Ain Sokhna as a vibrant, year-round seaside destination.

Lavita Real Estate to Begin Deliveries of “Lavita 2” in Summer 2026 and Completes 45% of Construction Work at “Lavita 4” in the North Coast

Posted on نوفمبر 13, 2025 by maryem

Lavita Real Estate Launches First Deliveries of Lavita 2 in Summer 2026

Lavita Real Estate has announced the start of unit handovers for Lavita 2 Project in the

North Coast during Summer 2026, allowing clients to begin using their properties as scheduled.

The company confirmed that all structural construction work and main buildings have been completed, and

that the finishing phase is now underway, following the highest standards of quality.

Lavita Real Estate emphasized that the project is progressing according to a strict timeline, which the company

adheres to regardless of market fluctuations—demonstrating its ongoing commitment to reliability and client trust.

Lavita 2 Project Details

The Lavita 2 Project includes 160 residential units ranging in size from 50 to 90 square meters.

Each unit has been carefully designed to ensure optimal space utilization and to deliver a high-quality and

comfortable living experience.

Amr Abdel Aziz, Chairman of Lavita Real Estate, stated that as the project nears its scheduled delivery,

the company has fulfilled all its obligations to clients—reaffirming Lavita’s reputation for delivering projects

on time and with consistent quality standards.

Lavita 4 Project Reaches 45% Completion

In parallel, Ramy Abdel Aziz, Vice Chairman of Lavita Real Estate, announced that construction

progress in the Lavita 4 Project has reached 45%, with the company maintaining its commitment to

the agreed project timelines.

He emphasized that reaching the fourth project in the North Coast reflects the continued trust

of clients and their growing desire to invest in new developments by Lavita Real Estate.

Lavita 4 Project Overview

The Lavita 4 Project covers a total area of 6 acres and is designed as a residential and touristic

community.

It includes five swimming pools, children’s entertainment areas, gyms, a mosque,

an aqua park, artificial waterfalls, green spaces, and a commercial mall, in addition

to units operated under a hotel management system.

The company confirmed that 75% of the project has already been marketed and sold. Construction work is currently ongoing in phases one and two, with delivery scheduled for 2027.

Hotel Management and Investment Mechanism

Vice Chairman Ramy Abdel Aziz added that Lavita Real Estate provides a dedicated hotel

management service, allowing property owners to rent out their units during periods of non-use.

This ensures a dual benefit—personal use and a guaranteed investment return for clients.

He explained that this approach reflects the company’s strategy to offer innovative and non-traditional

investment systems, maintaining its leadership position in the real estate development sector.

New Hotel Project in New Alamein City

Chairman Amr Abdel Aziz also revealed the company’s plan to develop a new hotel project in

New Alamein City, covering an area of 2 feddans.
He noted that all project details will be announced soon, describing it as a unique addition

with distinctive design elements and innovative investment mechanisms that align with Lavita

Real Estate’s forward-looking expansion strategy.

Commitment to Deadlines and Expansion Strategy

Through these ongoing developments, Lavita Real Estate reaffirms its commitment to

project timelines, quality standards, and client satisfaction.

The company continues to strengthen its position as one of the leading real estate developers

in the North Coast, combining innovation, high-end design, and investment value across all its projects.

Public Prosecution and Orange Egypt Introduce a Groundbreaking Digital Platform – Smart Government Services Now Available via My Orange App

Posted on نوفمبر 12, 2025 by aberabozaher

Orange Egypt announced the launch of a new phase in its strategic partnership with the Egyptian Public Prosecution, introducing an integrated digital platform that brings government and legal services directly to citizens’ hands through My Orange mobile application.

Orange Egypt

This milestone marks a significant leap in Egypt’s digital transformation journey, following the successful completion of the Public Prosecution’s financial inclusion phase. The new initiative aims to deliver a comprehensive range of smart legal and governmental services—covering traffic, family, and criminal prosecutions—with secure, fast, and convenient digital access for all Orange customers across Egypt.

Through this collaboration, users can now submit and follow up on prosecution requests digitally, pay related fees instantly via Orange Cash Wallet, and complete transactions without the need to visit any government offices. The initiative fully aligns with the Egyptian state’s vision for a connected and inclusive digital government, enhancing accessibility and efficiency in public services.

Accessing these services is simple and user-friendly: customers can navigate to the Public Prosecution Requests icon on the main page of My Orange app, which automatically links the user to Orange Cash Wallet for seamless payment integration. From there, they can instantly benefit from a wide suite of legal services offered by the Public Prosecution.

The Traffic Prosecution services allow users to inquire about and pay traffic violations, submit appeals, and make immediate reconciliations, whether for themselves or others. Family Prosecution services include case status

inquiries, inheritance declarations, official judgments, and certified extracts on personal and financial matters. Meanwhile, Criminal Prosecution services allow authorized users to request updates on case status, obtain certified copies of rulings, and receive official documents electronically.

Moreover, customers can track their requests in real time through the My Orange app, receiving live updates at every stage until their requests are fulfilled and documents are delivered to their doorstep. The process ensures full data accuracy, document security, and seamless coordination between Orange’s digital systems and those of the Public Prosecution.

Commenting on the new milestone, Hesham Mahran, Chief Executive Officer and Managing Director of Orange Egypt, stated: “We are proud to partner with the Egyptian Public Prosecution in this pioneering initiative, which represents a model of successful collaboration between government institutions and the private sector to serve citizens more effectively. This partnership reflects our shared commitment to advancing Egypt’s digital transformation agenda.”

He added: “At Orange Egypt, we are moving beyond financial inclusion to empower citizens directly through integrated digital solutions that simplify access to vital public and legal services anytime, anywhere. Our investment in innovation, technology, and infrastructure reinforces our role as a key enabler of the digital Egypt vision.”

Orange Egypt reaffirmed that this initiative is part of its broader strategy to enhance citizens’ access to digital public services with the highest standards of security, speed, and reliability. The company continues to support Egypt’s national efforts to build a fully integrated digital society that improves the quality of life for all citizens and strengthens the efficiency of public sector services.