Construction News
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Egypt's new administrative capital utilities to cost LE2 billion
The prospective new administrative capital is estimated to cost around $45 billion and would take five to ten years until completion.
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Orascom Construction CEO bullish on Egypt, wants more reforms
Bishai said the company was also interested in renewable energy and water desalination, including a project on Egypt's Mediterranean coast.
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EGP 425m of new budget goes to slums: Housing Minister
It will take the ministry 14 weeks to deliver unites of “1m unit” project to beneficiaries.
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Palm Hills, MNHD sign MoU establishing residential project
Project’s revenues will range between EGP 4.6bn to EGP 5.5bn.
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Egypt’s new administrative capital deal to be announced soon: minister
The cost of the project is estimated to be around $45 billion and is expected to take 5 to 7 years to complete.
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Emaar's Egypt unit signals chairman role change ahead of float
This move comes ahead of Emaar Misr's stock market flotation, for which it filed a formal listing request with the regulator in February.
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Arabtec Profit On Egypt Project Won’t Exceed 7.5%
The company agreed terms last week with Egypt for the first phase of a $36.7 billion plan to construct one million homes across the country.
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Egyptian contractors have lion’s share of awarded Saudi contracts: Head of EFCBA
The value of the contracts handled by Egyptian contractors in Saudi is no less than SAR 1.5bn ($400bn) over the past three years.
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Arabtec, Egypt agrees terms on first phase of 1 mln homes project
Arabtec did not provide any details on how many phases were in the project or when it might conclude terms on building the remaining 900,000 units.
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UAE's Aabar, Arabtec said to eye more Egypt investments
Aabar last year bought a stake in Cairo-based Palm Hills Developments. Arabtec is also involved in a large housing project in Egypt.
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Egypt's Amer begins construction of Jordan resort
The $221m project is due to be completed in 6 months.
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Egypt top African steel producer after SA output falls
Egypt increased its production by 8.7% in 2015.
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Egypt, Ethiopia, Sudan sign GERD declaration
The Declaration of Principles is foundation upon which Ethiopia will build agreement with Egypt and Sudan, says Ethiopian Prime Minister
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World Bank set to loan Egypt $500 mn for housing project
The Bank is committed to support the Egyptian government in improving its social safety net by expanding cash transfer system to the poor.
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Egypt's urban authority approves Madinaty settlement
The government last year approved an amendment to the investment law that prevents third parties from challenging contracts signed between the government and investors.
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Dubai’s Emaar Says Not Part Of Egypt’s Capital City Project
The company said in a Dubai bourse statement on Monday that it was not involved in developing the planned new capital to the east of Cairo.
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Egypt's SODIC acquires land on Mediterranean North Coast
SODIC will build the company's first coastal development.
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Egypt, Arabtec to resume talks on housing project
Dubai-listed Arabtec announced last March it will build the homes at 13 locations around the country.
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Egypt to build 200 meter-high pyramid skyscraper
The project will make its debut at the upcoming economic summit at Sharm El-Sheikh.
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Urgent phase implementation in Toshka City to end 30 June: Housing minister
New Toshka project will be added to urban community plan for fiscal year (FY) 2014/2015 with investments at EGP 287m.