Construction News
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Egypt: Remco’s consolidated losses narrow 49% YoY in 2022
Remco is an Egypt-based company that operates in tourism and entertainment projects development and construction.
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Project: Construction of Roads
Sharkiya: Construction of the Ring Road within Faqqos Center
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SODIC records EGP 8.2bln in gross contracted sales driven by strong uptake of both new and ready-for-delivery projects.
Record H1 despite limited launches and addition of 620 acres to developer’s landbank.
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Egypt to offer industrial land plots to investors within month
The move is aimed at boosting the private sector participation in the Egyptian economic sectors.
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Egypt sold $2 bln of land in 6 months: Minister
Egypt has sold $2 billion worth of land between 1 January and 30 June 2023, announced Minister of Housing Assem El-Gazzar.
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Top 10 construction companies in Egypt
The construction industry in Egypt is expected to grow in the coming years, despite challenges.
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30k realtors, over 6,500 registered brokerage companies operate in Egypt
Egyptian Association for Realtors calls on government to establish independent body for licensing and regulating real estate brokerage.
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LMD works toward rapid construction in its ground-breaking Zoya Ghazala Bay in North Coast
LMD, the leading real estate company, proves its full commitment to clients and implementing its projects according to its timeline.
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All you need to know about the New Administrative Capital
The New Administrative Capital (NAC) is planned to be Egypt's new capital. The first government employees move into their workplaces
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Remco, Emaar Alex partner to launch project in North Coast Egypt
The project, which will be fully executed by Remco’s staff, is expected to be completed within three years.
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Egypt's iron and steel exports grow by 46% in 5 months
The report indicated that a total of 69 countries received imports of iron and steel from Egypt during the January-May period.
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Egypt: SODIC eyes $2.59bln sales from new development project
The scheme will be established on two adjacent plots spanning around 440 acres on the northern coast.
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Talaat Mostafa's ICON seeks ‘significant’ stakes in 7 Egyptian state-owned hotels
The seven hotels are owned by the Egyptian General Company For Tourism and Hotels (EGOTH).
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Egypt's cement exports climb 33% YoY in 5 months
Egypt's cement exports grew by 33% during the first five months of 2023, recording $380 million, compared to $286 million during the same period 2022
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25K jobs in massive commercial area on Cairo-Alex agr. road
Some 25,000 job opportunities will be available in a massive commercial area on Cairo-Alexandria agricultural road at L.E. 10 billion in investments.
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Egypt intends to sell 25-30% stake in MIDAR to strategic investor
It was reported in May that Egypt targets collecting additional proceeds of EGP 70 billion from its IPO program in the fiscal year (FY) 2023/2024.
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Egypt: Ezz Steel moves to losses in Q1
Ezz Steel is an Egypt-based manufacturer and trader of steel and related products.
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TRA opens first scope review on glass fibre from Egypt
A scope review looks at whether an existing trade remedy measure’s scope is still appropriate.
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Project: Bridges
Aswan: Replacement and renovation of 4 bridges
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Project: Paving roads
Assuit: Paving some roads