Construction News
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Egyptian firm launches $4.5bln housing project
A key Egyptian developer on Friday launched a giant residential city project at a cost of around 140 billion Egyptian pounds ($4.5 billion).
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Inhabited Land in Egypt Has Doubled Since 2014
Between 2020 and 2023, the Egyptian government has sold 80,000 acres of land worth EGP 6.5 billion.
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EGP 11.6 billion in government investments in FY 2023/2024 for North, South Sinai
Egypt's Minister of Planning and Economic Development, Hala al-Said announced EGP 11.6 billion investments in the fiscal year 2023/2024, targeting improvements in living standards and income across different regions and governorates.
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Egyptian state-run infrastructure firm to establish Saudi branch
The meeting also featured the group’s fiscal year 2023-2024 budget, stating that it had been prepared in light of predicted future trends.
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Egypt celebrates success of house, road-building programs
Egypt has spent millions of dollars on new urban communities over the past nine years, its housing minister said on Sunday.
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Saudi Public Investment Fund eyes stake in Palm Hills Development
Saudi Public Investment Fund (PIF) in talks with Arab African International Bank to acquire a significant stake in Palm Hills Development, an eminent real estate company in Egypt.
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Egyptian steel titan Ezz Dekheila re-buys listed shares for nearly EGP 8.7 bln
Al Ezz Dekheila Steel Alexandria, Egypt's biggest steel manufacturer, has bought 6.95 million of its listed shares from shareholders for EGP 8.69 bln.
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IFC approves $25 mln loan to boost Egypt's sustainable flat steel manufacturing
The International Finance Corporation (IFC) has approved a $25 million loan to Kandil Steel company to support sustainable flat steel processing.
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Private sector implementing 85% of real estate projects in Egypt in Q2 2023: Report
The Egyptian private real estate sector is developing $180 billion in real estate projects, accounting for 66 percent of total investments.
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S. Korea to Impose Anti-Dumping Duties on White Cement from Egypt
South Korea has decided to implement anti-dumping duties against white cement imports from Egypt aimed at preventing potential damage to the domestic industry.
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Top 10 Egyptian cement companies
The cement industry is a significant contributor to Egypt's economy and plays a crucial role in supporting the country's development goals.
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Cityscape Egypt 2023 expo kicks off on Tuesday with 70 local, int’l participants
Egypt's largest real estate exhibition Cityscape 2023 kicks off tomorrow with attendance from over 70 local and international real estate developers.
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Operator of Egypt’s new capital plans 10% local market listing in H1 2024
Administrative Capital for Urban Development (ACUD), the operator of Egypt’s new capital, is planning to offer up to 10 percent of its shares.
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Egypt to build $1 bln steel complex at SCZone
The Egyptian Cabinet announced in a statement on Wednesday the approval of building a $1 billion steel industrial complex extending 1.5 million square
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Suez Cement group of companies rebrands to Heidelberg Materials
The new brand identity underlines the company's pioneering role in the path to carbon neutrality and digitalisation in the building materials industry
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Beshay Steel sells minority stake to NSPO
Mostafa Madbouly, announced in a cabinet statement that Egypt will set up an integrated industrial complex for the production of flat steel.
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SID to invest EGP 10bn in Egypt’s real estate market
The project is a commercial and administrative development that covers an area of 77,000 sqm in Palm Hills in October.
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Egypt’s Talaat Moustafa Group to build $10.6bln sustainable city in Riyadh
The new city will comprise around 27,750 villas and residential units and nearly 40 percent of the area will comprise large green spaces.
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Egypt constructing new mega electrical industries complex in Alexandria
The new complex, which will be producing parts for bus manufacturing in Egypt, is expected to create 600 new jobs, added Samir.
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Industrial developers demand removal of obstacles that hinder sector’s growth in Egypt
This was during the third session titled “The Industrial Developer, A New Development Activity,” of the 7th Think Commercial roundtable.