Construction News
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Hilton Announces Debut In Cairo’s New Administrative Capital
Located in the heart of the NAC’s masterplan, Hilton Cairo New Capital Tower is ideally located in the Central Business District.
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Japanese Delegation Visits New Alamein City to Review Investment Opportunities
At the beginning of the visit, an explanatory video was shown that included all the projects, investment opportunities available in the city.
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Steel prices in Egypt reach historic highs
Steel prices reached historic levels in Egypt after key producers raised prices significantly.
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Project: Building Construction
Menoufiya: Construction of a service building and activity halls
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Emaar Misr implements Salesforce CRM, Nedap ID system at Marassi Egypt’s smart city
This has enabled Marassi to deliver greater convenience to its 30,000-plus residents and 100,000-plus monthly visitors.
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Zahraa Maadi reports 1.3% YoY profit uptick in 9 months: Egypt
The listed firm is involved in the construction and development of residential and commercial buildings.
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Egypt's New Administrative Capital Company set to award planning for 2nd phase next month
ACUD is poised to announce the winner of the bid for the planning of the second phase of the new capital within the next month.
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Egypt approves building new private free zone in Ain Sokhna
Egypt has approved the construction of a new private free zone in Ain Sokhna to produce feldspar and silica-free bio-quartz and lapitec panels.
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Government plans to sell HHD to strategic investor
The evaluation process has estimated the HHD’s value at around EGP 20bn, while the current market capitalization of the company is about EGP 15.9bn.
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Project: Supply of Elevators and Building Renovation
Sharkiya: Supply and installation of 2 elevators. Also, renovation of the administrative building of the Faculty of Engineering under two contracts
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Egypt launches 2nd phase of Sinai development plan
The target volume of development and projects is estimated at LE363 billion in the second phase of Sinai’s development over the next five years.
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Real estate exchange a potential game changer for Egyptian property market: Experts
The Egyptian Exchange (EGX) is preparing to launch a real estate exchange within four months, which will boost the local market.
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Egypt's approval of property ownership by foreigners boosts real estate sector: Report
Egypt's efforts to open up residential property ownership to foreign individuals have yielded success in the third quarter of 2023 (3Q 2023).
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SODIC records EGP 19.8bln in gross contracted sales
Record Q3 on track to another record year with improvement across all financial and operational metrics.
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Top 10 steel producers from Egypt
The steel industry in Egypt serves as a critical backbone to the nation's construction and infrastructure sectors, demonstrating vibrant growth.
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Egypt real estate prices jump up to 45% in a year as tourism gains drive property market
Thriving tourism and changes to laws in Egypt are driving the price of property in the country.
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Project: Construction of Bridges
Beheira: Rehabilitation and revamping of different bridges
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MENA construction sector shows strong performance in H1 2023, led by Saudi Arabia, UAE, and Egypt
Despite global economic difficulties, the construction sector in MENA demonstrated impressive performance in H1 2023.
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Egypt real estate projects tie for second highest value in MENA: Report
Egypt and the UAE shared the second place spot for value of ongoing real estate projects in the Middle East and North Africa (MENA) region in H1 2023.
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IFC Approves $25 Million Loan to Support Green Steel Production in Egypt
The IFC will also provide advisory support to help Kandil Steel develop a decarbonization program to reduce its carbon emissions.