Construction News
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EGP 350bn invested into New Alamein’s development
Some of the most recent developments from the city include the completion of around 70% of the towers in the Latin Quarter.
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UAE developer to build $500M project in Egypt
Egypt in February signed a deal with the UAE’s ADQ to build the “largest new city” in Egypt to promote tourism and drive economic growth.
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Egyptian, Emirati companies sign $500 mln real estate deal in Egypt
The investment eased a critical foreign currency shortage from an economic crisis that also caused sharp devaluations of Egypt's currency.
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Egypt's construction industry to expand 8% annually until 2029
Egypt holds 12%, or $515 billion, of the MENA's unawarded project pipeline, which is expected to hit $3.90 trillion.
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Egypt launches new $21 billion joint venture to build SouthMED on the North Coast
Egypt has partnered with Talaat Mostafa Group (TMG) to build a new $21 million mega project, SouthMED City, on the North Coast.
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Construction of buildings
Badr City: Construction of 5 residential buildings with a total plot area of 2.25 acres
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Egyptian Emirates Company Launches Markabat Project
This initiative is part of Egypt’s urban and industrial development plans, with total investments reaching EGP 27bn.
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Contractor appointed for Egypt New Alamein project
Egyptian real estate developer Morshedy Group has signed a contract with local contractor CRC-Dorra, a Dorra Group subsidiary.
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Behind the Billboards: Egypt’s Real Estate Mirage
Beyond the eye-catching facade of perfect living displayed on billboards, you can also see the hundreds of skeletal megamansions up for sale.
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Central Agency for Reconstruction develops Fustat Hills Park in Cairo
This ambitious project is adjacent to the National Museum of Egyptian Civilization, Ain El-Sira Lake, Religious Complex, and Amr Ibn Al-As Mosque.
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Delta Capital for Urban Development hosts Tamer Hosny Concert for Eid al-Adha
The event was for the purpose of celebration after winning the top real estate developer in delta region.
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Forbes Tower in Egypt’s NAC aims to revolutionize green skyscrapers
The project is expected to have direct investments of approximately $1 billion and represents one of the world’s best architectural designs.
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UAE's AD Ports Group invests in Egyptian cruise terminals
UAE’s AD Ports Group is set to invest $4.7 million in developing and managing cruise terminals in Safaga, Hurghada, and Sharm El Sheikh.
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Tender: Construction project in Sharm El-Sheikh
Development and operation of an investment zone project on the premises of Sharm El-Sheikh International Airport.
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Egypt to receive rehabilitated Tahrir Complex building in 2024
The repurposing project of the iconic Tahrir Complex building (or Mogamma El-Tahrir) in Down Town is anticipated to conclude in 2024 after 31 months.
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Egypt supports decarbonization of the steel industry
Investments in green capacity modernization will support the competitive advantage of local manufacturers in export markets.
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Egypt's exports of construction materials reach $2.8 billion
The Minister announced that exports of building materials increased during the first months of the current year to 2 billion and 876 million dollars.
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Cemex to operate Regenera facility in Egypt
Cemex has entered an agreement with the authorities in Egypt's Gharbia province to operate the first facility of its circularity solutions business.
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Egypt sells prime land to foreign investors in USD to boost economy
Egypt has approved the sale of land plots in eight major cities to 34 foreign companies, with all transactions priced in US dollars.
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Rents rise by 24%, East Cairo at forefront of demand
A significant revelation at the event was the 24% year-on-year surge in rental costs throughout Greater Cairo.