Construction News
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Egypt real estate for foreigners decree: All you need to know
Foreigners were limited to owning two residential properties for personal or family use, with each property not exceeding 4,000 square meters in area.
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Egypt allows foreigners to own residential real estate
The Egyptian Cabinet approved a law on Wednesday allowing foreigners to own residential properties in Egypt, according to an official statement.
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Jawad Developments eyes achieving EGP 1bln in sales of VAL Plaza project in west Cairo
Dr Adel Abdel Jawad said that the company has obtained construction licenses and has already begun construction works of the mall.
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Egyptian Real Estate faces challenges with low registration rates
The low registration rates stemmed from a combination of bureaucracy and lengthy procedures.
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New Capital embraces first initiative to regulate Egypt’s real estate marketing sector
The Innovation Experts Real Estate Institute is the educational arm of the Real Estate Regulatory Agency (RERA), which is affiliated to the Dubai Land
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Egypt Set To Complete 2nd Largest Stadium In Africa
It will be the largest in Egypt and the second largest in Africa, it's 94,000 capacity and is expected to replace Cairo International Stadium.
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Capital Group Properties reinforces commitment to strategic growth plan in Egypt
Capital Group Properties (CGP) has announced plans to further drive its strategic growth plan in Egypt.
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Lift Slab’ losses widen 48% YoY in Q1: Egypt
Lift Slab is an Egypt-based company engaged in the construction and development of industrial buildings and facilities.
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Al-Futtaim Real Estate wins the prestigious ‘Developer of the year’ award at The Big 5 Construct Egypt 2023
The Big 5 Construct Egypt 2023 was held from 19-21 June at Egypt International Exhibition Center.
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Egypt steel production slows amid dollar shortage, declining demand
Egypt’s steel production has slowed since the beginning of the year as a result of a foreign currency shortage and a decline in local demand.
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LMD Breaks Ground on W Residences Cairo & W Cairo situated within its Flagship One Ninety Development in New Cairo
LMD is a leading real estate company that continues to establish an outstanding position in Egypt and many countries around the world.
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Project: Reinforced concrete bridges
Sharkeyya Governorate: Replacement and renewal of (4) reinforced concrete bridges on different wasters
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Fifth edition of Big 5 Construct Egypt exhibition opens in Cairo
The fifth edition of the Big 5 Construct Egypt for construction material opened on Monday at the Egypt International Exhibitions Centre.
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Egypt: Zahraa Maadi obtains shareholders’ nod for 2022 dividends
Shareholders greenlighted the dividends proposal during the ordinary general meeting (OGM) that was held on 15 June.
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Egypt: Orascom Investment Holding records higher consolidated net profits in Q1-23
The company’s operating revenue jumped to $1.22mln in Q1-23.
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Egypt’s steel factories face shutdowns
El Garhy Steel has stopped production since the beginning of the current year due to the lack of the required materials.
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Saudi Egyptian developers, NUCA to launch M8 phase in Marina El Alamein
The “M8” resort is Marina’s latest phase and is expected to be delivered in three years.
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TMG profits exceed expectations, its share records EGP 15: Naeem Brokerage
Talaat Moustafa Group’s profit margins improved to 35.2%, up 3.4%, exceeding estimates for the value by 34%.
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Egypt's real estate market can improve with investment funds: Experts
The Egyptian real estate market can drastically improve if real estate investment funds are introduced and fully integrated into the market.
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Saudi Egyptian Industrial Investment to acquire 70% of El Nasr Glass and Crystal Company
This comes in line with Egypt’s economic reforms and its IPO program that aims to raise the contribution of the private sector from 30% to 65%.