Construction News
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NBE to grant credit for 640 housing units
CBE launched mortgage initiative last April worth EGP 10bn for real estate financing involving funding housing for low-middle income classes at concessional terms.
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Eagle Hills Said Building $80 Billion New City in Egypt
The project will be formally announced by Egypt’s government at an international investors conference next month, they said.
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Developer Talaat Moustafa, Egypt Sign Settlement Over Madinaty
A separate case regarding the company’s right to own of Madinaty is awaiting a ruling from the constitutional court.
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Orascom Construction to raise up to $241 mln in Egypt share offer
The Sawiris family plan to move the primary listing of their construction assets back to Cairo.
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Egypt approves €344m French aid to revamp infrastructure
The aid will be used to buy trains for metro lines.
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HOTAC develops Shepherd Hotel with EGP 320m via Ain Sokhna project income: Board Chairman
The development will occur using investments of up to EGP 320m, which will be gained through self-financing.
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Ezz Steel posts Q3 loss of 285 mln Egyptian pounds
The losses of the biggest steel manufacturer have doubled since last year.
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Orascom's construction arm to list on Dubai, Egypt exchanges
The global engineering and construction business, is demerging from OCI N.V.'s fertilizer and chemical business.
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Arabtec project will increase competition in real estate market
http://www.dailynewsegypt.com/2015/02/15/arabtec-project-will-increase-competition-real-estate-market/
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Egypt Bourse Receives Request to List Emaar’s Egyptian Unit
The Egyptian exchange was the 4th best performing bourse among more than 90 globally last year.
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Egypt's SODIC says plans about 2.3 bln Egyptian pounds in investments in 2015
The company said it would deliver 684 new property units this year.
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Egypt- EGP 3bn investments for Ashgar City Project: IGI Sales & Marketing Director
The Ashgar City project is to be developed over four phases, two of which have already been launched and completely sold.
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Real Estate Experts Converge Ahead of Egypt Economic Summit
Positive steps Initiated in Q1 as Cityscape Egypt Business Breakfast looks at investor potential in Egypt's mega-projects markets.
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Steel companies anxious about market fluctuations: Experts
Companies keep prices stable, waiting for economic improvements.
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Emaar Properties Targets Q2 For $270m Egypt Unit Float
Emaar Misr has a portfolio of investments in Egypt worth around 53 billion pounds.
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Suez Steel obtains final approval, records $100m in 2015 investments: Gamal Garhi
Government puts unfair pressure on investors, but Garhi optimistic about future in light of recent reforms
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Suez Canal revenues record $445.5m in December
The Suez Canal is a key source of foreign currency for Egypt
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How promising is Egypt's construction sector?
Egypt's current pace in construction and real estate makes the country a "hive of activity".
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Egypt's Palm Hills to inject LE2.2 bn into projects in 2015
Egypt's second-largest listed real estate developer saw its third quarter net profit grow 152 percent to LE129.7 million on a rise in deliveries
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174m cubic meters dug at Suez Canal project
The project is scheduled to be completed after 211 days.