Construction News
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Egypt approves building new private free zone in Ain Sokhna
Egypt has approved the construction of a new private free zone in Ain Sokhna to produce feldspar and silica-free bio-quartz and lapitec panels.
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Government plans to sell HHD to strategic investor
The evaluation process has estimated the HHD’s value at around EGP 20bn, while the current market capitalization of the company is about EGP 15.9bn.
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Project: Supply of Elevators and Building Renovation
Sharkiya: Supply and installation of 2 elevators. Also, renovation of the administrative building of the Faculty of Engineering under two contracts
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Egypt launches 2nd phase of Sinai development plan
The target volume of development and projects is estimated at LE363 billion in the second phase of Sinai’s development over the next five years.
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Real estate exchange a potential game changer for Egyptian property market: Experts
The Egyptian Exchange (EGX) is preparing to launch a real estate exchange within four months, which will boost the local market.
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Egypt's approval of property ownership by foreigners boosts real estate sector: Report
Egypt's efforts to open up residential property ownership to foreign individuals have yielded success in the third quarter of 2023 (3Q 2023).
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SODIC records EGP 19.8bln in gross contracted sales
Record Q3 on track to another record year with improvement across all financial and operational metrics.
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Top 10 steel producers from Egypt
The steel industry in Egypt serves as a critical backbone to the nation's construction and infrastructure sectors, demonstrating vibrant growth.
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Egypt real estate prices jump up to 45% in a year as tourism gains drive property market
Thriving tourism and changes to laws in Egypt are driving the price of property in the country.
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Project: Construction of Bridges
Beheira: Rehabilitation and revamping of different bridges
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MENA construction sector shows strong performance in H1 2023, led by Saudi Arabia, UAE, and Egypt
Despite global economic difficulties, the construction sector in MENA demonstrated impressive performance in H1 2023.
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Egypt real estate projects tie for second highest value in MENA: Report
Egypt and the UAE shared the second place spot for value of ongoing real estate projects in the Middle East and North Africa (MENA) region in H1 2023.
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IFC Approves $25 Million Loan to Support Green Steel Production in Egypt
The IFC will also provide advisory support to help Kandil Steel develop a decarbonization program to reduce its carbon emissions.
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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.