Construction News
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
Saint-Gobain gains Drymix
The Egyptian ready-mix mortar manufacturer is now part of French-founded construction products company Saint-Gobain.
-
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.
-
Project: Construction of Roads
Sharkiya: Construction of the Ring Road within Faqqos Center
-
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.