Construction News
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Egypt considers EGP 8 bln partnership offers in real estate sector: Minister
The Egyptian government is currently reviewing partnership offers worth EGP 8 billion ($258 million) from investors in the real estate sector.
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SAK Developments executes 3 projects in New Capital
Kadri said that the company has completed the excavation and replacement operations for The V Hub Mall.
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TCI and Sinai White Portland Cement Company to build Egypt’s first bulk cement export silo terminal
Under the terms of the commercial agreement, TCI will build and operate white cement silos terminal with an annual capacity exceeding 200 000 t.
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How artificial intelligence conquers Egypt's construction industry
AI is revolutionizing the construction industry, enhancing design, optimizing project management, and tackling skilled workforce shortages.
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Orascom Construction reports consolidated backlog of $6.9bln in 9 months
The company’s consolidated revenues fell 22.5% YoY to $2.365 billion from $3.053 billion.
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Chinese glass walls adorn Egyptian skyscrapers
After four years of construction, the modern city is finally taking shape, with a cluster of glass buildings shining like a mirage.
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Egypt's currency dilemma spurs real estate export revival
The Egyptian government is wrapping up an initiative to sell real estate units in foreign currency to foreigners and expats.
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Egypt’s Administrative Capital Company targets EGP 26 bln in profits by end of 2023
Egypt's Administrative Capital for Urban Development Company (ACUD) targets a projected profit of EGP 26 billion by the end of 2023.
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Egyptian cement firms eye Zimbabwe market
This move comes at a great time, amid acute shortages of the product in the market.
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Egypt's new USD real estate sales initiative: Top 10 facts
Egyptian Prime Minister Mostafa Madbouly has proposed an initiative for selling real estate units in USD to increase foreign reserves.
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Egyptian building materials exports jumped by 20% in 2023
Within the metal industries sector, there was a growth of 20 percent, with the export value reaching $3.777 billion, surpassing the $3.135 billion.
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Egypt: Pioneers Properties logs higher consolidated profits in 9M-23
Revenues amounted to EGP 4.04 billion in 9M-23, up 5.13% from EGP 3.84 billion during the nine-month period that ended on 30 September 2022.
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Egypt’s iron, steel exports grow by 65% in nine months
Egypt's cast iron and steel exports surged to $1.74 billion in the first nine months of 2023, up by 65 percent, from $1.053 billion.
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EBRD and A³&Co.® join forces to drive decarbonisation at Arabian Cement Company in Egypt
The Arabian Cement Company has been a leading player in Egypt's cement industry since 1997, with two production lines in Sokhna, Suez Governorate.
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Saudi Arabia’s FAS to invest $1.5B across sectors in Egypt in 2024
The investment will be across the energy, real estate, and infrastructure sectors in Egypt.
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Hilton Announces Debut In Cairo’s New Administrative Capital
Located in the heart of the NAC’s masterplan, Hilton Cairo New Capital Tower is ideally located in the Central Business District.
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Japanese Delegation Visits New Alamein City to Review Investment Opportunities
At the beginning of the visit, an explanatory video was shown that included all the projects, investment opportunities available in the city.
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Steel prices in Egypt reach historic highs
Steel prices reached historic levels in Egypt after key producers raised prices significantly.
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Project: Building Construction
Menoufiya: Construction of a service building and activity halls
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Emaar Misr implements Salesforce CRM, Nedap ID system at Marassi Egypt’s smart city
This has enabled Marassi to deliver greater convenience to its 30,000-plus residents and 100,000-plus monthly visitors.