Construction News
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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.
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Egypt’s Aldiwan launches $79mln Vilar project in Alamein City
Aldiwan plans to launch another coastal project in Ain Sokhna by the first quarter of 2026, as part of its expansion strategy.
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Egypt strengthens steel industry with two large-scale investment projects
The pelletizing plant, built using Finnish Metso technologies, has a design capacity of 5 million tons of iron ore pellets per year.
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Al Marasem International commits EGP 8bn to fuel real estate expansion in Egypt
In 2024, the company reported sales of approximately EGP 39.5bn from its projects in New Cairo, Sheikh Zayed, and Ras El Hekma.
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Egypt revisits old rent law – Key amendments under discussion
The legal rental value of residential units will be increased to 20 times the current value.
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Mabany Edris launches Ons New Zayed with EGP 13.5bn investment across 84 feddans
Mabany Edris invests EGP 13.5B in a new 84-feddan residential project in West Cairo, with 1,012 low-density units.
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Up to 60 days to issue amendments on the old rent law in Egypt
Among the most prominent features of the new draft law is the setting of a new rental value for housing subject to the old rent law.