Construction News
-
SID to invest EGP 10bn in Egypt’s real estate market
The project is a commercial and administrative development that covers an area of 77,000 sqm in Palm Hills in October.
-
Egypt’s Talaat Moustafa Group to build $10.6bln sustainable city in Riyadh
The new city will comprise around 27,750 villas and residential units and nearly 40 percent of the area will comprise large green spaces.
-
Egypt constructing new mega electrical industries complex in Alexandria
The new complex, which will be producing parts for bus manufacturing in Egypt, is expected to create 600 new jobs, added Samir.
-
Industrial developers demand removal of obstacles that hinder sector’s growth in Egypt
This was during the third session titled “The Industrial Developer, A New Development Activity,” of the 7th Think Commercial roundtable.
-
Lafarge Egypt confirms aim to reduce CO2 emissions by 2030
Holcim has set a worldwide target to reduce its gross Scope 1 CO2 emissions from cement production of 22% by 2030.
-
Eagle Hills Properties, Hassan Allam sign $63.7 mn contract for phase one of luxury resort
Hassan Allam Construction will develop parcels 1 and 2 (Views – Island) of Soul Luxury Beach Resort in Egypt, with an expected completion in 960 days
-
Thales and Orascom construction upgrade the Cairo - Giza - Beni Suef railway line in Egypt
The track is located on the east bank of the river Nile, 115 kilometres from the country's capital.
-
Egypt’s New Capital-City Megaproject
First announced in 2015, Egypt’s new, as-yet-unnamed capital city has been under construction for years.
-
Egypt's Orascom Construction signs $61.4m contract with Abu Dhabi’s Eagle Hills
The contract for the development of Soul Luxury Beach Resort on Egypt’s north coast is valued at 1.9 billion Egyptian pounds.
-
Egypt eyes issuing licenses for rebar, flat steel production in 2024
The Russian metallurgical firm Novostal-M Holding is planning to pump initial investments ranging between $400 and $500 million.
-
"Touba": Madinet Masr's Innovative Platform for Flexible Real Estate Ownership and Investment
Touba, Madinet Masr Innovation Labs latest innovations is considered the first of its kind platform in the region that provides flexible payment terms
-
Top 10 Egyptian companies in construction chemicals
The demand for construction chemicals in Egypt is driven by the growing construction industry, increasing urbanization, and sustainable building.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.