Construction News
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Egypt’s housing market is showing signs of improvement
In nominal terms, house prices surged by 25.35% during 2022, a sharp acceleration from an annual increase of 3.58% in 2021.
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President Sisi directs to follow up on projects in NAC
President Sisi also instructed to apply the most advanced IT systems and abide by the highest, quality, safety and governance criteria.
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President El-Sisi Reviews Status of Constructing Gargoub Port
The President was briefed on developments pertinent to the construction of Gargoub Port, to achieve optimal utilization of the strategic location.
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Lawmakers in Egypt call for price controls on building materials amid soaring prices
The Senate will next month open a debate over the steel and cement and building materials markets.
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Schneider Electric showcases its unique expertise in the Egyptian real estate market at MIPIM 2023 exhibition in France
The exhibition was an excellent opportunity to highlight Egypt's exceptional real estate experience on a global scale.
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Egypt’s Roya Developments, ACE Moharram-Bakhoum sign strategic partnership agreement
ACE to provide comprehensive project management and supervision services for Roya’s projects.
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Tabarak Holding launches 4 exhibitions in Gulf region for Egyptian property export
Vice President of Tabarak Holding Bassem ElShorbany stated that the exhibitions in the Gulf countries met with a strong demand by Egyptian communities
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Eight Developments, Gaballah Group sign contract with Mission 235 for Revolve Mall management
He pointed that according to the state’s plan to export real estate, which contributes approximately 20% out of the Egyptian national income.
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New partnership arises between Misr El Kheir, Al-Futtaim Group Real Estate
Educational, service projects inaugurated at Manshaal Al-Dahab Al-Qibliyya village in Minya.
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Valuation dispute halts SODIC’s acquisition of Orascom for Real Estate
The company said in a statement that, after consultation, Orascom Development and SODIC decided not to proceed with that deal.
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Melt trap delivered to El-Dabaa NPP construction site
During NPP operation, the “melt trap” is filled with special materials, upon interaction with which the core melt loses part of the accumulated heat.
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Egyptian firm Orascom Construction’s Q4 profit surges over 50% to $56m
Orascom's total revenues increased by 17.9 percent to reach $4.17 billion, compared to $3.53 billion in 2021.
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France loans Egypt €7.15m to develop Taba International Airport
Minister of International Cooperation Naglaa Al-Ahwany signing the agreement with the French Ambassador to Egypt Andre Baran.
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China's Xinxing to invest $2 bln in Suez Canal Economic Zone- Egyptian cabinet
Chinese company Xinxing Ductile Iron Pipes intends to invest $2 billion in iron and steel plants in the Suez Canal Economic Zone.
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El Obour Real Estate’s profits surge 55% YoY in 2022
Revenues grew 14.8% to EGP 114.22 million last year from EGP 99.45 million in the previous year.
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Attaby Consultancy participates in the Middle Ring Road and Bin Zayed axis
Attaby Consultancy is keen to work with high-accuracy designs to achieve the highest efficiency level.
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Strong presence of Egypt’s real estate developers in MIPIM in Cannes
Egypt’s participation in MIPIM, the world’s leading real estate market event, is an important marketing opportunity for its urban renaissance.
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Raaed Developments launches ROOTS compound in New Sohag with EGP 1.8bn investment
Raaed Developments has announced the launch of its flagship project, ROOTS, in New Sohag, with a total investment of EGP 1.8bn.
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Tatweer Misr signs MoU with Saudi Arabia to facilitate investment opportunities in Kingdom
The collaboration comes in light of Tatweer Misr’s expansion strategy, which aims to diversify its portfolio of projects.
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Madaar to invest EGP 5bn in its projects in 2023
He added that the company continues to carry out Azha Sokhna’s construction, after investing billions of Egyptian pounds.