Construction News
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Naguib Sawiris urges interest rate cuts to boost Egypt's real estate sector
He highlighted the adverse effects high interest rates have on attracting foreign investment, warning that they could lead to a potential bubble.
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Beltone and Madkour Group sign $8.21mln leasing and factoring agreement
The agreement includes a sale and leaseback arrangement for Madkour Group’s administrative unit assets at the “Zizinia” project in New Cairo.
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Urban Development Fund: Reshaping Egypt’s Urban Landscape for a Better Future
Aninsightful interview with Dr. Khaled Siddik, CEO of the UDF, talking about the UDF’s relentless efforts and commitment to reshaping Egypt landscape.
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AE Media Production to acquire 60% share of the real estate market in East Cairo
AE Media Production announced its success in cooperating with success partners from major real estate development companies.
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Egypt launches 543 new real estate projects in 2023
Abbas highlighted that 86% of the total new projects are held by the private sector.
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Orascom’s success story: A model for Egypt’s economic resurgence
From Egypt’s serene beaches to Switzerland’s snow-capped peaks, Orascom’s success lies in its ability to create spaces where people can live well.
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Cushman & Wakefield expands into Egypt’s real estate market
Global real estate consultancy Cushman & Wakefield has expanded its footprint with Egypt, which will serve as the firm’s gateway to the MENA region.
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Report expects iron consumption in Egypt to grow to 6.8 million tons by 2024
Flat steel consumption is also expected to remain stable at 1.5 million tons in 2024, and begin to increase thereafter.
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Doors and Windows
Assuit: Supply and installation of Seghal iron security doors and windows for the educational buildings and control rooms.
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ACUD launches 1st business incubator in real estate
This move aims to provide companies with the best solutions and methods, making their work in property technology effective and beneficial.
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Hydrogen-powered skyscraper set for Egypt’s new capital
The Forbes International Tower, a 240 meter (787 feet) tall office building due to be constructed close to the Iconic Tower.
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Egypt property market soars despite economic strain
Property prices in Egypt have surged in 2024 with no signs of slowing down — a puzzling trend amid intense economic conditions.
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Constructing Egypt’s New Capital
As of March 2024, more than 1,500 families had moved to the city, according to news reports.
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Vida Marassi Marina Resort
Located along the scenic Marassi coastline, the resort offers convenient access to the vibrant shopping, dining, and nightlife scene.
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Total investments in Egypt's New Alamein record EGP 240 bln
The North Edge, the New Alamein Towers project, is now one of Egypt's most prominent and attractive real estate projects.
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Administrative Capital for Urban Development achieves EGP17 bln net profits
This profit marks a 30 percent rise compared to 2023 at EGP6 billion.
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Magnom Properties to begin construction on 50-story tower in NAC by early 2025
Dayhoum emphasized that the aim is to provide a network of sophisticated office spaces for tenants and investors.
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Ezz Steel under EU investigation for “dumping” practices
Ezz Steel, which considers the EU a significant market for its flat steel exports, has pledged full cooperation with the investigation.
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Talaat Moustafa Group soars: Profits triple
The company's revenue grew to EGP 6.79 billion in the first quarter of 2024, up from EGP 4.43 billion in the same period of 2023.
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$14.2M Partnership to Build Over 170 Building for Eastshire Project in New Cairo
The agreement involves the construction within the second and third phases of the Eastshire project, which is owned by Al Qamzi.