Construction News
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NUCA cooperates with real estate developers to boost sector
The state is keen on continuing the growth of the property sector, as it is one of the most important economic sectors that provide huge job chances.
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Suez Cement invests millions of dollars in environmental sustainability efforts
SCGC is rigorously driving forward the transformation to become one of Egypt’ most sustainable companies in the sector.
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Saudi’s Al-Ameriah Company requests majority stake in Heliopolis Housing Company
The Saudi company requested to acquire 70 percent of the entire shares of Heliopolis Company for Housing and Development for US$400 million.
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Beta Egypt completes 45% of third phase of Beta Greens New Cairo
Alaa Fekry told Zawya Projects that the 190-unit third phase would be completed over the next 30 months.
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Suez Cement invests millions of dollars in environmental sustainability efforts
"it is our responsibility to provide this essential commodity with the least harm to our environment," SCGC managing director said.
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South Valley Cement’s losses surge in Q1-23
Meanwhile, the loss per share went up to EGP 0.07 in Q1-23 from EGP 0.06 in the first three months (3M) of 2022.
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Egypt's PM kicks off visit to Alexandria to inspect projects
Prime Minister Mostafa Madbouli on Saturday kicked off a visit to Alexandria governorate to follow up the implementation progress.
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Hyatt Centric brand to debut in Egypt
The 283-key Hyatt Centric Cairo West will open in the capital’s Pyramids Heights Business Park.
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Arabian Cement registers hike in Q1-23 net profits
Non-consolidated sales jumped to $54mln in Q1-23
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Egypt authorizes land facilities in new cities to incentivize investors
The New Urban Communities Authority (NUCA) has authorized a range of benefits and incentives for investment projects in new cities.
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Project: Construction of Bridges
Beheira Governator: Replacement and renovation of different bridges on different wasters under two contracts
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Egypt’s Tatweer Misr announces real estate JV with Saudi’s Naif Alrajhi Investment
The JV will develop integrated urban projects and tourist resorts in Saudi Arabia.
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Arab Developers turns profitable in Q1-23; revenues skyrocket 137%
The sales hiked by 413% year-on-year (YoY) to EGP 1.30 billion in Q1-23 from EGP 316 million, according to the financial results.
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Real estate market in Egypt turns to US dollar – the looming threat of dollarization
Sales have recently been carried out in Egypt in dollar, amid the rise in the price of the dollar against the Egyptian pound.
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Maboudly, Real Estate Development Chamber discuss measures to boost sector
The meeting centered on discussing mechanisms and suggestions to strengthen the local real estate market.
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Egyptian property sales increase 7% in April: Aqarmap
Aqarmap, Egypt’s Real Estate Demand Index, recorded a growth of 7% in property sales in April, after a period of decline in March.
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PM witnesses inauguration of “Builders of Egypt Forum 2023”
The event is organized by the African Federation for Construction Contractors’ Association (AFCCA) in collaboration with Exlnt Communications and SCA.
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Sinai Cement posts lower net losses in Q1-23
The EGX-listed firm posted an annual drop in standalone net losses after tax
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Two Chinese companies offer to build $300 mln iron complex in SCZone
Two Chinese companies presented an offer to the Egyptian government to launch a $300 million steel complex at the Suez Canal Economic Zone (SCZone).
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Egypt: MNHD logs higher net profits in Q1-23
In the first three months (3M) of 2023, the basic earnings per share (EPS) climbed by 105.08% to EGP 0.12 from EGP 0.05 in Q1-22.