Latest news with #Saudi-Egyptian
Economic Key
07-08-2025
- Business
- Economic Key
AJAD Developments Launches Elaia Residential Project in New Heliopolis
AJAD Developments has officially launched Elaia, its first residential project in the Egyptian real estate market, in partnership with Heliopolis Company for Housing and Development. Spanning 85 feddans in New Heliopolis, the development is backed by Saudi investments and over 28 years of Egyptian real estate expertise. Strategically located along Suez Road, one of East Cairo's most rapidly developing corridors, Elaia reflects AJAD Developments' commitment to building sustainable, innovative communities rooted in Arab culture and modern living. 'The company was born out of a Saudi-Egyptian partnership, driven by a group of leading real estate development experts from both markets,' said Counselor Onsy Ammar, CEO of AJAD Developments. 'We aim to position AJAD as a leading player in a competitive market by establishing integrated urban communities founded on innovation, quality, and sustainability.' AJAD Developments is entering the market with a robust EGP 30 billion investment plan, with a long-term strategy to expand across both the Egyptian and Saudi markets. The launch of Elaia marks a strong and ambitious start for the company. The name Elaia is derived from the Greek word for olive tree, symbolizing authenticity, resilience, and deep roots—qualities that align with AJAD's vision for enduring, community-centered developments. Located just minutes from Cairo International Airport, Nasr City, Heliopolis, Madinaty, Al-Rehab, and the New Administrative Capital, Elaia also offers direct access to the monorail and high-speed rail stations, reinforcing its appeal to residents and investors seeking prime East Cairo locations. With only 16% of the land dedicated to built-up areas, the master plan prioritizes green spaces, landscaping, and a walkable lifestyle. Housing options include apartment ranging from 72–170 sqm, townhouses from 152–160 sqm and standalone villas from 190-260, each designed for panoramic views of the open spaces and lush landscapes. Ammar revealed that the project is divided into multiple independent zones, each with its own gated entrance to ensure privacy and security. These zones are equipped with internal services and facilities tailored to the needs of residents. Elaia also features a 1,300-meter commercial promenade, poised to become one of East Cairo's key open-air destinations, offering retail, administrative, and service units for both residents and visitors. The project is fully enabled with smart infrastructure, allowing homeowners to control lighting, alarms, and air conditioning via a dedicated mobile app. 'AJAD Developments seeks to deliver projects that reflect Arab culture with a blend of luxury, innovation, and authenticity. We aim to merge nature with architecture, sustainability with comfort, and local identity with global standards,' Ammar said. Each phase of Elaia includes its own elevated clubhouse, swimming pools, water features, outdoor gyms, walking and cycling tracks, EV charging stations, and smart access systems—designed to offer a high-quality, luxurious lifestyle. Among the key success partners for Elaia are YBA – Yasser El Beltagy Architects, one of the region's leading architectural firms, and ACE the project's supervision consultant. The project's launch event brought together executives from AJAD Developments and Heliopolis Company for Housing and Development, alongside Saudi investor Fares Al-Dossari, industry partners, business leaders, and public figures. The evening concluded with a special performance by renowned artist Bahaa Sultan. تم نسخ الرابط
CairoScene
30-05-2025
- Entertainment
- CairoScene
EXCLUSIVE BTS: Saudi-Egyptian Series 'Jad Jadid' Begins Production
The project is backed by the Saudi Cultural Fund and produced by Red Curtains Production. A new cross-border collaboration is taking shape as JAD JADID begins production. The Saudi-Egyptian series brings together talent from both countries in a narrative that explores themes of memory, identity and personal restoration. The project is backed by the Saudi Cultural Fund, produced by Red Curtains Production, and led by director Salma El Kashef. At its heart is Youssef, a young man who wakes from a two-year coma into a life he no longer recognises, haunted by guilt, fragmented by lost memories, and searching for identity in a world that has moved on without him. Guiding him is his grandmother, played by the iconic Sawsan Badr. Alongside her, a cast of characters, friends, strangers, and chosen family navigate their own internal battles, threading personal and collective traumas into a multilayered story. The series features a dynamic cast from across the region, including Amawri, Adwa Bader, May Elghety, and Ali El Sabaa. It also introduces newcomer Khaled Ali in his first on-screen role, alongside veteran performers Mohsen Mohieddin, Amr Gamal, and Mohamed Alfie. JAD JADID is based on a concept by Amawri and written by Reem Al Kammash. The creative team includes executive producers Amira Sherif and Mohamed Sabry Abaza, director of photography Karim Ashraf, set designer Merit Amer and stylist Amna Al Shandaweely. Kino Films is handling the series' executive production, with the release date yet to be announced.
Arab News
28-04-2025
- Business
- Arab News
Saudi Arabia, Egypt strengthen industrial ties with new initiatives
RIYADH: Saudi Arabia and Egypt are advancing efforts to strengthen their industrial and economic partnership, as officials emphasized the importance of trade facilitation, industrial integration, and government-backed support. Speaking at the Saudi-Egyptian Industrial Forum in Riyadh, Minister of Industry and Mineral Resources Bandar Alkhorayef announced that the Saudi Export-Import Bank has completed SR1.3 billion ($346.5 million) in operations, highlighting the strong bilateral relationship between the two nations. 'The industrial strategy emphasizes the importance of industrial integration with other countries, especially Egypt,' he stated, noting that cooperation pathways include industry, mining, and trade, as well as supply chains, human resources, research, and innovation. He highlighted the vital role of government agencies in supporting exporters and importers from both countries. Bandar Al-Ameri, chairman of the Saudi-Egyptian Business Council, highlighted that trade between the Kingdom and Egypt increased by 28 percent in 2024, citing the strengthening economic partnership between the business communities of the two nations. Al-Ameri pointed to the signing of a bilateral investment protection agreement as a strategic achievement and emphasized Egypt's role as a major economic partner and gateway to African markets. Hassan Al-Hwaizy, chairman of the Federation of Saudi Chambers, welcomed the Egyptian delegation, stating that Saudi-Egyptian economic relations are based on genuine partnership rather than figures alone. He called for enhancing cooperation in industry and trade and encouraged the establishment of joint projects, specifically to serve African markets. Vice Minister of Industry and Mineral Resources for Industrial Affairs Khalil Ibn Salamah explained that the industrial partnership focuses on five strategic sectors, including pharmaceuticals, automotive, construction materials, textiles, and food industries. He emphasized the strategic alignment between the industrial initiatives of both countries and urged Egyptian manufacturers to seize the opportunities available in the Saudi market, noting the Kingdom's target to establish 24,000 new factories over the next decade. The Saudi-Egyptian Industrial Forum, held in Riyadh under the patronage of the Saudi Minister of Industry and Mineral Resources, gathered more than 300 leaders and investors from the Saudi and Egyptian industrial sectors. Organized by the Federation of Saudi Chambers in cooperation with the Federation of Egyptian Industries, the forum focused on strengthening strategic cooperation and promoting pathways for industrial integration. The event also showcased available investment opportunities in priority sectors under the Kingdom's National Industrial Strategy, emphasizing the growing Saudi-Egyptian industrial base, which aims to expand investments in the pharmaceutical, automotive, construction materials, textiles, and food industries.
Saudi Gazette
21-04-2025
- Politics
- Saudi Gazette
Saudi Arabia and Egypt discuss situation in Gaza, Sudan
Saudi Gazette report RIYADH—The Saudi-Egyptian political consultations committee is holding a meeting at the level of foreign ministers in Riyadh on Monday. The meeting will discuss bilateral relations, issues of common interest, the situation in the Gaza Strip, and Sudan. Earlier, Saudi Arabia and Egypt held consultations in Cairo at the foreign ministers' level, where they discussed the situation in the region and emphasized the priority of halting the fighting in the Gaza Strip and allowing aid into the Strip. They stressed the importance of coordination between the two countries on current developments, particularly the Palestinian issue. Meanwhile, Saudi Arabia and Egypt affirmed their continued coordination and consultation to achieve regional and international security and stability. The Political Consultation Committee was established approximately 18 years ago, in 2007, with its inauguration witnessed by Saudi Foreign Minister Prince Saud Al-Faisal and his Egyptian counterpart, Ahmed Aboul Gheit. The committee holds annual meetings to strengthen Arab solidarity in the face of current challenges. These periodic meetings reflect the two sides' commitment to ongoing coordination and consultation on various issues on the regional and international scene.
Zawya
10-04-2025
- Business
- Zawya
AkamAlRajhi appoints U Hotels to manage 5-star hotel and serviced units on the North Coast
Saudi-Egyptian joint venture AkamAlRajhi Developments announced on Thursday that it has appointed Thailand-based global hotel operator U Hotels & Resorts to manage a new 5-star hotel located within their DOSE project on the North Coast, and the 1,000 unit JAY By U serviced units in the same project. Company CEO Edrees Mohamed told Zawya Projects that the 120-key U hotel, which is being developed at a total cost of 1.2 billion Egyptian pounds ($23 million) will open its doors by 2029. Mohamed Amer, Head of the Central Administration for Hotel Establishments, Shops, and Tourism Activities at the Ministry of Tourism, said the Egyptian government aims to double the hotel rooms in the country from existing 230,000 units in the next five years as part of its strategy to welcome three millon tourists by 2030. AkamAlRajhi Developments, a joint venture between Egypt's Akam Developments and Saudi's AlRajhi Group, launched the DOSE project in 2022. The 125-acre project, which is scheduled to be completed in four phases, includes chalets, standalone villas, twin-townhouses, and serviced units. Cairo-based K&D Designs and United States-based SB Architects are the architectural consultants for the project. In 2023, AkamAlRajhi Developments had appointed global hotel operator IHG Hotels & Resorts to manage its first 5-star hotel located within the DOSE project. Edrees Mohamed said that they are planning a new project in Riyadh in Saudi Arabia in collaboration with Saudi National Housing Comany (NHC) but didn't elaborate. (Reporting by Eman Hamed; Editing by Anoop Menon)
