Construction News
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Egypt's housing construction declined by 36.6% in FY2021/22
A total of 246,100 residential units were built in Egypt during FY2021/2022, a 36.65 percent decline over the previous year.
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Egypt to build $2.7bln aluminium smelter
The Egyptian Company for Metal Constructions (Metalco) is negotiating with a potential partner for the 600,000-tonne project.
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FRA issues regulations for investment funds in minerals
The Board of Directors of the Financial Regulatory Authority issued several regulatory decisions related to investment funds in minerals.
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Factory for manufacturing steel sheets used in ships "underway"
The ministry has reached an agreement with a South Korean company to purchase five ships for Alkahera Company For Ferries and Maritime Transport KCFM.
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Q Developments initiates it business in Egypt’s real estate market
Q Developments plans to launch 3 projects in North Coast and Alexandria, with investments worth EGP 9bn.
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Egypt’s President Sisi inspects number of construction projects in Giza
The president added that these projects save time, effort, fuel, and cost wasted in the process of movement and transportation.
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Egypt emerges as top steel producer in Africa, 2nd in MENA
The report said Egypt has an ambitious target to increase mining exports to $10 billion by 2040.
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LE3.9B allocated for 356 development projects in Gharbia
This came while reviewing the ministry's report on investments in Gharbia governorate.
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Ezz Steel registers $214.8mln consolidated profits in 2022
In the first nine months (9M) of 2022, the EGX-listed company witnessed 52% YoY higher consolidated net profits.
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Egypt: Misr Cement increases cash dividends for 2022
The distributable net profits amounted to EGP 72.26 million as of 31 December 2022, according to a bourse disclosure.
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On 80th anniversary, Dorra maintains leadership in Egypt’s real estate market
Sultan added that the company began executing its own real estate projects such as Zayed 2000, Zayed Residence, and Zayed Heights.
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Egyptian FM, Iraqi Speaker discuss reconstruction projects, regional security
He also expressed hope for more fruitful outcomes during the convention of the Egyptian-Iraqi Supreme Committee.
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3D printing promises to transform architecture forever
Large-scale additive manufacturing, like desktop 3D printing, involves building objects one layer at a time.
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Egypt OKs new facilitations for investors, real estate developers
The facilities also include granting real estate developers a reduction of 50% on the interest applied on the due installments.
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Orascom Development: Earnings release 2022
The company's top line, bottom line, and real estate sales figures were the highest in more than ten years.
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JLL: Record inflow of FDI and substantial support from regional developers
Trading Economics recorded that FDI in the capital had reached an all-time high of USD 7.7 billion in Q1 2022.
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Heliopolis Housing’s in Egypt profits leap 234.8% YoY in 6 months
The company’s operating revenues grew to EGP 1.99 billion in the six-month period ended December 31st.
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Egypt amends controls for pricing of industrial lands
The Egyptian Cabinet approved a draft decision to amend a resolution regarding controls for the management and pricing of industrial lands.
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2.66% decrease in manufacturing, extractive index during January 2023
CAPMAS has updated the index methodology using the base year 2012/2013.
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Egypt’s Madinet Nasr for Housing & Development rebrands to Madinet Masr
Company plans to expand within Egypt and the region.