Construction News
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Egypt's real estate market to attract $120B in investments from Middle East Sovereign Wealth Funds
According to the report, The UAE already invested in 71 real estate projects in Egypt, amounting to $5.6 billion in 2021.
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Emaar Hospitality eyes massive expansion across Egypt
The new Address Beach Resort Marassi is now open, one of 10 hotels Dubai’s Mohamed Alabbar wants to open across Egypt.
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Emaar Misr, Emaar Hospitality Group inaugurate Address Beach Resort Marassi with EGP 5bn investments
This step resonates with Emaar’s vision pertinent to developing Egypt’s North Coast, and upgrading the hotel and hospitality sector in it.
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Schneider Electric and Tatweer Misr: Partnership shaping future of real estate in Egypt
Partnerships play a crucial part in accelerating digital transformation and sustainability in the local real estate market.
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Citizens complain about lack of units matching CBE’s mortgage finance initiatives’ requirements
Sara Soliman said that unit prices do not reflect their areas and locations.
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Russian steel giant Novostal-M seeks to expand in Egypt: Minister
Egypt’s imports from Russia increased to $4.1 billion in 2022, up by 15.5 percent in 2021.
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New Administrative Capital company offers new facilities for developers
The company urged developers to visit its financial sector in the new capital to submit requests to receive the facilities.
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Inflation and surging demand drive up rental housing costs across Egypt
The 15 percent of Egyptians who rent have seen their housing costs increase over the past year due to surging demand and a backdrop of inflation.
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Several banks, companies pump $1.98bln in low-income mortgage finance initiative until July 2023
According to a recent report issued by the Fund, banks have pumped financing worth $1.91bln to about 503.183 thousand customers.
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Egypt’s PM reviews proposals to boost real estate export
Madbouly emphasized Egypt’s interest in the real estate export file, pointing to previous meetings held on the issue.
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Egypt: ACUD to offer 5-feddanland plots in New Capital’s first phase by September
Most investors asked for mixed-use land plots to establish universities, schools, and commercial and administrative facilities.
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OWN startup launches platform for digital trading of real estate in Egypt
The platform launched by the company is a digital platform that aims to transform the experience of searching and buying real estate.
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Egypt’s cabinet approves draft law on creating national real estate ID system
The draft law proposes setting up a national real estate database that will designate each property with a unique identifier.
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Egypt’s SODIC completes 20% of construction works of June North Coast
Amer told Zawya Projects that the delivery of the first phase will start in the third quarter of 2025, while the second phase will be delivered 2029.
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Utopia’s profits upsurge 138.2% YoY in H1
Utopia is a public company that operates within the real estate sector focusing on diversified real estate activities.
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Egypt's Misr Italia Properties secures ministerial decree for Solaré Project in Ras El Hikma
United States-based design firm EDSA developed the project’s master plan and Netherlands-based White Space Architects is its main architect.
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Egypt's rising star: construction chemicals
Egypt's booming construction sector spurs key developments in construction chemicals. Major players like Saint-Gobain and Sika expand new practices.
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Egypt's DIG launches Track 20 project in the New Administrative Capital
Salah said the company has deployed a capex of EGP1 billion ($32 million) this year for construction work across various projects.
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Egypt's NCB Developments launches Valencia residential compound in New Cairo
He said Archrete has designed the project, adding that the first phase would be delivered in three years.
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Top 10 developers generate LE168B sales in H1 with 88% annual increase
The devaluation of the Egyptian pound against the US dollar, prompted individuals to secure their funds through more stable investment avenues.