Construction News
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DDC Alliance receives Chinese loan to help finance high-speed train between Port Said and Abu Qir
DDC Alliance secures Chinese financing for a high-speed rail link connecting Port Said and Abu Qir, boosting Egypt's infrastructure.
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Egypt’s Nawy Acquires Majority Stake in Dubai’s SmartCrowd
By acquiring SmartCrowd, Nawy gains immediate access to the GCC market while integrating regulated fractional investment services into its portfolio.
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7 updates on Egypt’s new draft Rent Law
Egypt has an estimated 3 million rented units, with nearly 2 million in Cairo alone, The reform could reshape the housing market.
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Egypt unveils plan for new desert city megaproject
While officials say these projects are key to Egypt’s long-term growth, they have also contributed to the country’s soaring foreign debt.
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Nasr for Civil Works obtains EGM’s nod for capital raise
Nasr for Civil Works gets EGM nod to raise capital to EGP 210M, issuing bonus shares from 2024 profits.
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Egypt’s Elsewedy Electric to supply power solutions for first resort in Ras El Hekma
Elsewedy will power Ras El Hekma’s first resort, boosting Egypt’s coastal development.
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TMG climbs to 4th in Forbes’ Top 50 Public Companies in Egypt
The company advanced two places to secure the fourth position. The ranking reflects growth that saw the company’s sales rise to $837m from $593m.
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House of Representatives’ Housing Committee approves new “old rent” law
The draft law stipulates an appropriate transitional period before terminating old lease contracts.
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Egypt "ready to implement" bridge to Saudi Arabia over Red Sea
Egypt advances plans to build a bridge or tunnel connecting it to Saudi Arabia, boosting regional trade and transportation links.
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Construction of a building
Gharbiya: Construction of a service/commercial building
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Hassan Allam Construction & Metito awarded Alexandria West Wastewater Plant upgrade
The plant post upgrade will have a capacity of 600,000 m³/day to meet national effluent standards.
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Egypt launches trial operation of Cairo Ring Road BRT first phase
Egypt initiates the first phase of Cairo's BRT system, deploying electric buses to enhance sustainable urban transit and reduce congestion.
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Over 6,000 projects completed in Upper Egypt with $642mln investment
To date, the programme has implemented more than 6,000 projects with total investments exceeding EGP 32bn.
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Shark Tank Business Park: A Revolutionary Development by Madinet Masr
This one-of-a-kind destination is designed to seamlessly blend work and play within a dynamic environment that unlocks human potential.
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Ebny Real Estate Development Unveils Upper Egypt’s Premier and Most Extensive International Entertainment Hub
Ebny Land debuts in Upper Egypt with 100+ attractions across 63,000 sqm to boost tourism and regional job creation.
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LMD fast-tracks W Cairo construction, Egypt’s first W Hotel, by the end of 2025
LMD invests over $220M in Egypt’s first W Hotel in West Cairo, with completion expected by late 2025.
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Discussions on Old Rent Law remain open
Attia proposed that the minimum rent be set at LE 2,000 for low-income areas, LE 4,000 for middle-income areas, and LE 8,000 for upscale areas.
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Egyptians for Housing’s profits rise 121.6% YoY in Q1 2025
Operating revenues surged to EGP 54.616 million in the three months to March from EGP 44.589 million over the same period last year.
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Egypt: Talaat Moustafa Group records $3.15bln in sales year-to-date
This performance includes $1.38bln in sales achieved in a single day from the second phase launch of its North Coast project, SouthMed.
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Talaat Moustafa Group records EGP 160bn in sales year-to-date
Approximately 5,100 units were sold on that day, bringing the total sales for the SouthMed project to over EGP 352bn since its inception in July 2024.