Construction News
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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.
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Big 5 Construct Egypt returns bigger than ever to shore up sustainable growth in $68.5 billion market
The upcoming edition of Big 5 Construct Egypt is endorsed by the Ministry of Housing, Utilities, and Urban Communities.
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Infinity Tower in Egypt's New Administrative Capital reaches 55% construction completion
The tower has now reached a height of 100 metres (m) out of its full 210m, the developer said in a press statement.
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Egypt's Raaed Developments commences construction of ROOTS project in New Sohag
Sabbour Consulting is the project architect while Behairy Consultant Engineering is providing engineering and construction supervision services.
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Orascom Construction Divests Construction Chemicals Subsidiary for EGP 1.8 Billion
Orascom Construction’s share of the gross proceeds for its 28.25% effective stake amounts to EGP 1.8 billion.
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Egypt will allow foreigners to own property with no limits, but with rules
Egypt will allow foreigners to own property with no limits, but according to certain rules, announced Prime Minister Mostafa Madbouly on Wednesday.
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Project: Electromechanical Works
Kafr El-Sheikh: Maintenance, operation and securing the mechanical and electrical works of the mixing stations under two contracts
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Wadi Degla Developments launches Waterside in Murano’s third phase
Murano beach stretches across 750 metres on the Red Sea shore, With investments of around EGP 8bn.
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Egypt’s office, retail space demand sees growth in 2023 despite challenges
Egypt Real Estate Report, issued by Savills Egypt, highlighted the challenges the industry has faced over the past year.
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Arkan Palm and IHG Hotels & Resorts expand partnership
The hotels, located in Arkan Palm’s 205 mixed-use project, will add 390 rooms to IHG’s portfolio in Egypt.
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Developers list their demands to revitalise, develop Egyptian real estate sector
They called for including the real estate sector in initiative to support industry, agriculture with 11% interest rate loans.
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SODIC acquires 180 acres of land on Egypt's North Coast
Located in Ras Al Hekma, Caesar is SODIC's maiden venture into coastal developments and second homes.
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Top10 real estate development companies in Egypt
Real estate development companies have been integral to Egypt's economic growth. They often focus on large, planned communities
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Orascom Development Holding AG announces its Egyptian Subsidiary (ODE) Q1 2023 Financial Results
Orascom Development Holding (ODH) Q1 2023 results will be announced as scheduled on Tuesday the 17th of May at 7:00 am CET.
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ICIEC signs Memorandum of Understanding with the Arab Contractors
To facilitate the promotion of green and sustainable transport, urban and social infrastructure.
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Egypt: Talaat Moustafa Group announces $65.2mln contracted sales in Q1-23
Revenues enlarged by 29% to EGP 19.87 billion in 2022 from EGP 15.34 billion a year earlier.