Construction News
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Golden View launches its latest project in the Fifth Settlement
The event was attended by many prominent real estate figures, board members, and major real estate marketing companies.
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Expatriates' Beit Al-Watan real estate initiative attracts $7.3 bln
The Beit Al-Watan initiative aims at encouraging Egyptians abroad to invest in their home country in the field of housing.
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Egypt Metalco to undergo liquidation over mounting financial losses
Heavily indebted Egyptian state-owned Metal Construction Company, Metalco, is set to undergo liquidation after years of mounting financial losses.
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PM inspects progress of establishing Warraq Urban community
Sherbiny reviewed progress achieved in evacuation operations of homes and lands in Warraq Island between June 24 – July 28.
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Egypt’s steel rebar production surges 37% in H1-24
The production growth was backed by the availability of the dollar currency and companies' tendency to export.
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EGP 350bn invested into New Alamein’s development
Some of the most recent developments from the city include the completion of around 70% of the towers in the Latin Quarter.
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UAE developer to build $500M project in Egypt
Egypt in February signed a deal with the UAE’s ADQ to build the “largest new city” in Egypt to promote tourism and drive economic growth.
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Egyptian, Emirati companies sign $500 mln real estate deal in Egypt
The investment eased a critical foreign currency shortage from an economic crisis that also caused sharp devaluations of Egypt's currency.
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Egypt's construction industry to expand 8% annually until 2029
Egypt holds 12%, or $515 billion, of the MENA's unawarded project pipeline, which is expected to hit $3.90 trillion.
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Egypt launches new $21 billion joint venture to build SouthMED on the North Coast
Egypt has partnered with Talaat Mostafa Group (TMG) to build a new $21 million mega project, SouthMED City, on the North Coast.
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Construction of buildings
Badr City: Construction of 5 residential buildings with a total plot area of 2.25 acres
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Egyptian Emirates Company Launches Markabat Project
This initiative is part of Egypt’s urban and industrial development plans, with total investments reaching EGP 27bn.
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Contractor appointed for Egypt New Alamein project
Egyptian real estate developer Morshedy Group has signed a contract with local contractor CRC-Dorra, a Dorra Group subsidiary.
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Behind the Billboards: Egypt’s Real Estate Mirage
Beyond the eye-catching facade of perfect living displayed on billboards, you can also see the hundreds of skeletal megamansions up for sale.
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Central Agency for Reconstruction develops Fustat Hills Park in Cairo
This ambitious project is adjacent to the National Museum of Egyptian Civilization, Ain El-Sira Lake, Religious Complex, and Amr Ibn Al-As Mosque.
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Delta Capital for Urban Development hosts Tamer Hosny Concert for Eid al-Adha
The event was for the purpose of celebration after winning the top real estate developer in delta region.
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Forbes Tower in Egypt’s NAC aims to revolutionize green skyscrapers
The project is expected to have direct investments of approximately $1 billion and represents one of the world’s best architectural designs.
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UAE's AD Ports Group invests in Egyptian cruise terminals
UAE’s AD Ports Group is set to invest $4.7 million in developing and managing cruise terminals in Safaga, Hurghada, and Sharm El Sheikh.
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Tender: Construction project in Sharm El-Sheikh
Development and operation of an investment zone project on the premises of Sharm El-Sheikh International Airport.
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Egypt to receive rehabilitated Tahrir Complex building in 2024
The repurposing project of the iconic Tahrir Complex building (or Mogamma El-Tahrir) in Down Town is anticipated to conclude in 2024 after 31 months.