Construction News
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Emirati Emaar to expand Egypt investments to $25 bin
Mohamed Alabbar, founder of the Emirati Emaar Properties, announced that the company’s investments in Egypt had reached $18 billion.
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MIDAR and Emaar Misr partner for $277mln residential project in East Cairo
Midar and Emaar Misr join forces for a $277 million residential project in East Cairo, advancing real estate development in Egypt’s thriving market.
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Q Developments eyes EGP 34bn in investments with expanding land portfolio
Q Developments plans a massive EGP 34bn investment in Egypt's real estate sector, signaling growth in construction and land development.
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Egypt nears deal to secure €200 M for new line
Egypt is close to securing €200 million for a new transportation line, boosting infrastructure development and future trade prospects.
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Egyptian contractor to build houses in Equatorial Guinea
The ministry is currently supervising the Tanzanian dam project, which is being developed by a joint venture between Arab Contractors and Elsewedy.
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Ezz Steel voluntarily delists from Egyptian Exchange
Egyptian giant Ezz Steel has secured shareholder approval for its voluntary delisting from the Egyptian Exchange (EGX), according to a disclosure.
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Renovation
Giza: Renovation and raising the efficiency of the Ministry of Education and Technical Education's car park
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Egypt's Attal Properties eyes $219mln in sales for 2025
Attal Properties aims for $219 million in sales in 2025, planning to boost its construction spending to support new real estate projects.
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Misr El Gadida Housing secures 766-feddan land in Hadayek Al-Asimah
Misr El-Gadida Housing has secured 766 feddans of land in Hadayek Al-Asimah for real estate development, expanding its project portfolio in Egypt.
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Egypt-based developer MIDAR inks $2bln strategic MOU with Saudi
MIDAR will partner with Saudi’s Sumou Investment, and local firms ADEER International, and Hassan Allam Holding to develop hospitality and leisure.
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IDG targets EGP 3bn investments in industrial zones by 2025
The company plans to accelerate land development and infrastructure improvements in key areas such as 6th of October City, Alamein, and East Port Said
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Egypt striving to digitize real estate appraisal nationwide
Farid made this announcement during his speech at the Second International Conference of the Egyptian Association of Real Estate Appraisal Experts.
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EZZ Steel sets buyback price for delisted shares at EGP 138.15
In addition, the price is 40 percent higher than the average price over the six months preceding the announcement.
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Hisham Talaat Moustafa acquired 500,000 shares in TMG
This announcement follows Talaat Moustafa Holding Group’s report of exceptional and record-breaking sales in 2024.
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TAMEER Egypt Launches Urban Business Lane in New Cairo
The 155,000-sqm-metre commercial project in New Cairo is part the UrbanWalk mixed-use development.
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Navigating the Egyptian Rental Market
As of October 2024, electricity prices for households have risen by different amounts, ranging from 14.5 percent to 50 percent, depending on usage.
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Real estate developers anticipate 10-30% price increases in 2025
Economic factors such as high inflation and interest rates are likely to place significant pressure on financing and investment costs.
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Housing min. reviews implementation progress of projects in New Suez City
During a meeting held Saturday, the minister reviewed work progress and strategic plans in the presence of a host of respective officials.
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Housing minister discusses cooperation opportunities with real estate developers
The minister pointed out that in the past period he visited a number of investment projects established in partnership with real estate developers.