Construction News
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Banque du Caire, El Taamer agree to finance Urban Business Lane project with EGP 956m
The project is one of the largest integrated business complexes in New Cairo, consisting of 10 administrative and commercial buildings in tagamo3.
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Egypt's SAK to deliver three projects in the New Administrative Capital by 2025
Developer studying new projects in the NAC, The Fifth Settlement, and Sheikh Zayed City.
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Egypt, Zimbabwe Sign MoU to Provide Smart, Affordable Housing
The MoU was signed to benefit from the Egyptian experience in the field after providing thousands of adequate housing units in the country.
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Egyptian leading developer TMG finalizes $882 mln deal to acquire seven state-owned historic hotels
ICON, has finalized an $882 million deal to acquire a 39 percent stake in Legacy Hotels, which owns seven historical state-owned hotels.
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Egypt to build integrated urban project on state-owned lands: Minister
The Egyptian government will build a comprehensive urban project on 2,000 acres in southern Cairo previously belonging to the state-run Iron and Steel
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Egypt’s ACUD promises to offer new green building incentives by end of 2023
Administrative Capital for Urban Development (ACUD), the operator of Egypt’s new mega capital, is set to offer new green building incentives.
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The Egyptian Proptech Startup Changing the Way We Buy Homes
Since 2022, Partment has enabled users to co-own a second home in some of the top destinations in Egypt and Greece.
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Talaat Moustafa Group and Faisal Al-Rasheed Group Partner to Open Two “Al-Nasser” Branches in Madinaty and Al-Rehab
This collaboration will see the opening of two new branches of the renowned “Al-Nasser” brand, one in Madinaty and another in Al-Rehab.
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B Investments approves share swap ratio value for Orascom Financial Holding acquisition
The acquisition, which will see B Investments purchase up to 90% of OFH, was announced back in June.
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Egypt: President El-Sisi Follows up on New Cities Projects
The President gave directives to complete the new projects within the specified time frame and to ensure that the new cities represent a real addition
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‘Eight Developments’ is now ‘Town Writers’
With the success achieved by Town Writers in the Egyptian real estate market over the past years, the rebranding signifies a new era in its journey.
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Elevating Egypt's energy efficiency: ABB and Ezz Steel lead an engaging panel discussion
The panel discussion was titled "Steel Making: The Paradox of Reducing OPEX and Increasing Efficiency".
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Egyptian billionaire to develop large city in Iraq
Ora Developers, is negotiating with Iraqi governmental agencies to build an entire city outside Baghdad with very huge investments.
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Schneider Electric and Redcon Properties Forge Sustainable Partnership in Egypt
This landmark agreement signifies a significant stride toward creating a blueprint for smart and sustainable communities within Egypt.
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Egypt considers EGP 8 bln partnership offers in real estate sector: Minister
The Egyptian government is currently reviewing partnership offers worth EGP 8 billion ($258 million) from investors in the real estate sector.
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SAK Developments executes 3 projects in New Capital
Kadri said that the company has completed the excavation and replacement operations for The V Hub Mall.
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TCI and Sinai White Portland Cement Company to build Egypt’s first bulk cement export silo terminal
Under the terms of the commercial agreement, TCI will build and operate white cement silos terminal with an annual capacity exceeding 200 000 t.
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How artificial intelligence conquers Egypt's construction industry
AI is revolutionizing the construction industry, enhancing design, optimizing project management, and tackling skilled workforce shortages.
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Orascom Construction reports consolidated backlog of $6.9bln in 9 months
The company’s consolidated revenues fell 22.5% YoY to $2.365 billion from $3.053 billion.
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Chinese glass walls adorn Egyptian skyscrapers
After four years of construction, the modern city is finally taking shape, with a cluster of glass buildings shining like a mirage.