Egypt's Mountain View, STM Investment partner for residential project in East Cairo
Egypt-based property developer Mountain View for Development and Real Estate Investment has signed a partnership pact with STM Investment to develop a new project in Kayan City, East Cairo.
The project, spanning 500 feddans, will feature over 1,200 ready-to-move-in villas, Mountain View said in a press statement.
Financial details and project timelines weren't disclosed.
(Writing by Eman Hamed; Editing by Anoop Menon)
(anoop.menon@lseg.com)
Subscribe to our Projects' PULSE newsletter that brings you trustworthy news, updates and insights on project activities, developments, and partnerships across sectors in the Middle East and Africa.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
an hour ago
- Zawya
Saudi Arabia's Alfanar eyes India's green hydrogen sector
Saudi Arabia-based Alfanar Group is preparing to enter India's emerging green hydrogen market once clearer policy and regulatory frameworks are established, a senior company executive said. Mohammed Irfan, Chief of Alfanar India told local financial newspaper The Economic Times, that unlike the renewable energy sector — where long-term power purchase agreements (PPAs) are secured through entities like NTPC and SECI — India still lacks assured offtake agreements for green hydrogen. The parent company is currently developing a green hydrogen project in Egypt and a green ammonia project in Chile, he said. Alfanar's renewable energy portfolio stands at about 1.7 gigawatts (GW) across Spain, India, and Egypt. In India, Alfanar operates a 506.5 megawatts (MW) wind power project in Gujarat with an additional 50 MW under construction. (Writing by SA Kader; Editing by Anoop Menon) (
The National
an hour ago
- The National
Pyramids celebrate first ever African title and set sights on competing with Al Ahly and Zamalek
Egyptian upstarts Pyramids celebrated a first ever African title on Sunday night – but their Croatian coach Krunoslav Jurcic admitted they still face a struggle to assert themselves domestically. Having secured a 1-1 draw away in Pretoria against Mamelodi Sundowns in the first leg, the Egyptians were slight favourites heading into the decisive return game on home turf. And so it transpired, with their 2-1 win on the night sealing a historic 3-2 aggregate victory. Pyramids' goals came from Congolese striker Fiston Mayele in the 24th minute and defender Ahmed Samy 10 minutes into the second half. Sundowns managed to reduce the arrears with a goal from Ikram Reiners in the 75th minute, but the hosts saw the job through. Pyramids – who changed their name, moved to Cairo and won promotion to the Egyptian top flight seven years ago – were able to celebrate by far the biggest night since adopting their new identity. It was only their second trophy – after Egyptian Cup success last season – and came in just their second CAF Champions League campaign. They have been seeking to emerge from the shadow of Cairo giants Al Ahly and Zamalek, who have not only dominated Egyptian football but often the Champions League as well. 'When I started with the team last season, we played excellent football and had a long run of winning matches in a row but even then, this was not enough to be champion [in Egypt],' said Jurcic. 'This year again, we were very close but you know that Al Ahly is the best club in Africa, they are very good, they are very strong, and it's very difficult to compete against a club like them.' The 55-year-old Jurcic was delighted that his pre-match appeals for support led to a 30,000-strong crowd at Sunday's decider in the June 30 Stadium, usually largely empty for their games. Cairo's passionate football followers traditionally support either Al Ahly or Zamalek, with precious little affection for any of the other sides based in the city. 'I'm very grateful for the crowd that came today,' said Jurcic after lifting the trophy. 'Usually we get to the stadium 90 minutes before kickoff and there is no one here. 'It's disheartening for the players, and I find it's my job to transmit positive energy to try to get them up for the matches.' The former Croatia international, who played for his country when they finished third at the 1998 World Cup, patrolled the touchline like a man possessed, jumping up and down and cajoling his players throughout the 90 minutes of action. 'I believe that I can transmit my energy in a positive way, and I think that we can be competitive in the future with all the best teams in Egypt,' he added. 'But whether we can stay a force is something to see in the future.'
Hi Dubai
2 hours ago
- Hi Dubai
Dubai International Chamber Opens New Office in Thailand to Boost Trade Ties
Dubai International Chamber has opened its 36th international office in Bangkok, reinforcing the emirate's strategic push to deepen economic ties with Thailand and expand Dubai's global trade footprint. The new office, inaugurated during the 'Doing Business with Thailand' forum, will serve as a hub for attracting Thai investments and guiding local businesses into the Dubai market. It is part of the Dubai Global initiative, which aims to position Dubai as a leading destination for foreign companies, talent, and investors. 'The launch of our new office in Bangkok further strengthens Dubai's global connectivity,' said Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers. 'It will unlock new opportunities for Thai companies and support Dubai's role as a gateway for international expansion.' The forum, hosted in Bangkok as part of Dubai Chamber's 'New Horizons' trade mission to Southeast Asia, drew over 470 participants including senior officials and business leaders. The event facilitated 288 bilateral meetings between 20 Dubai-based companies and Thai firms across sectors like food and beverages, electronics, agriculture, and investment. Dubai-Thailand non-oil trade reached AED 23.8 billion in 2024, marking a 23.3% increase from the previous year. Meanwhile, Thai business presence in Dubai continues to rise, with 190 Thai companies registered with Dubai Chamber by the end of 2024 — a 28.4% annual increase. The chamber has identified several high-potential export opportunities from Dubai to Thailand, such as fertilisers, cosmetic products, and aluminium alloys, while investment prospects in Thailand span renewable energy, freight services, and medical tourism. The Bangkok office is expected to play a key role in facilitating strategic business partnerships and accelerating trade growth between the two economies. News Source: Emirates News Agency
