Construction News
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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.
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Egyptian Ezz Dekheila Steel seeks loans to compensate shareholders after delisting
Al Ezz Dekheila Steel Alexandria, Egypt's biggest steel manufacturer, is seeking syndicated loans in foreign currency.
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Zahraa Maadi’s net profits reach $3.7mln in H1-23
Revenues amounted to EGP 269.18 million in the January-June 2023 period, an annual increase from EGP 197.67 million.
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The cement industry of Egypt
Egypt's cement industry has witnessed transformative growth over the years, buoyed by major investments, dynamic market players, and strategic goals.
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Top 10 real estate companies in Egypt achieve total EGP 168bn sales in 1H 2023
TMG topped the list of real estate companies in terms of sales during the first six months of the year, with sales amounting to EGP15bn.
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Saint-Gobain gains Drymix
The Egyptian ready-mix mortar manufacturer is now part of French-founded construction products company Saint-Gobain.
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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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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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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