Construction News
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Egypt sets EGP 100M as minimum capital for real estate financing companies
This increase can be fulfilled through cash or its equivalent in foreign currencies at the exchange rate announced by the Central Bank of Egypt (CBE).
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Saudi: Red Sea awards Egypt firm Amaala Triple Bay hotel additional contract
These include the Four Seasons Hotel, Rosewood Residence and Hotel, Six Senses Residence and Hotel, and a medical wellness resort also in Triple Bay.
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Egypt: Three companies propose to participate in New Heliopolis City project
Heliopolis Company for Housing and Development announced that the financial evaluation is expected to be concluded by the end of April 2024.
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Banks, companies contribute EGP 68.85bn to mortgage finance initiative for low-income individuals in Q1 2024
Amlak Mortgage Finance disbursed EGP 252.133m to 2,320 clients, while Tamweel Mortgage Finance allocated EGP 68.666m to 602 clients.
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Egyptian government plans to build 1K smart houses in New Alamain
Twenty-five percent of the city's surface area will be an industrial zone located in the southern section in the desert.
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Egypt’s Forbes International Tower wins ‘best commercial skyscraper in Africa’ award
IDSC said that the Forbes International Tower faced intense competition against five major international projects spanning four continents.
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New Administrative Capital prepares for President’s Inauguration Ceremony
The House of Representatives will hold the swearing-in session at its new headquarters in the New Administrative Capital.
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Hisham Talaat Mostafa named most influential real estate developer in Middle East by Forbes
Forbes attributes this distinction to Talaat Mostafa’s remarkable success over four decades in leading the Talaat Mostafa Holding Group.
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Are you a foreigner who wants to buy land in Egypt? here's what you should know
Egypt has embarked on a groundbreaking initiative to open up designated plots of land to foreign businesses, allowing transactions in US dollars.
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Rising revenue in US offsets decline in Egypt for Orascom
Orascom is building the longest monorail system in the world. The first line runs 54km from East Cairo to the New Administrative Capital.
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Egypt’s New Administrative Capital: In pictures
Egypt is building a new city, known as the "New Administrative Capital," 30 miles east of Cairo.
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French Saint-Gobain establishing €175 million glass factory in Egypt
French construction materials group Saint-Gobain laid on Wednesday the foundation for its third glass factory within Egypt’s Al-Ain Al-Sokhna zone.
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Housing ministry: Egypt works for supporting LCBI
Egypt is relentlessly working for supporting the Low Carbon Building Initiative (LCBI), while trying to secure affordable housing.
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Egypt and Saudi Arabia Cooperate to Build a Vibrant Hub in Downtown Cairo
The project is meant to cover the expansive 16,500 square meters of land with a vibrant hub for startups and innovation.
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Egypt to start construction of 2nd phase of administrative capital in 2025
ACUD has secured five new partnerships during the first quarter (Q1) of this year, worth between EGP 180 and EGP 200 billion.
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Top 20 real estate companies in Egypt
As Egypt continues to chart its course towards economic prosperity and urban development, the real estate sector emerges as a key driver of progress.
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Egypt Eyes $4 Billion Iron and Steel Industrial Complex with Italian Firm
Explore Egypt's ambitious plan to revolutionize its iron industry with an integrated industrial complex and green hydrogen production facility.
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Egypt targets Danish investments in infrastructure, IT
In March 2023, the Suez Canal Authority and Denmark's Maersk signed a new agreement to boost joint cooperation in the fields of training.
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EDGE and CLIFF - The Ark’s Latest and Most Robust Projects in New Cairo
The grand reveal was introduced during a spectacular launch event on The Ark’s site in attendance of Eng. Mohamed Amin El Dokhmesy.
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Egypt announces $35 billion UAE investment on Mediterranean coast
The development of the Ras El Hekma peninsula and could eventually attract as much as $150 billion in investments.