Construction News
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Beta Egypt completes 45% of third phase of Beta Greens New Cairo
Alaa Fekry told Zawya Projects that the 190-unit third phase would be completed over the next 30 months.
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Suez Cement invests millions of dollars in environmental sustainability efforts
"it is our responsibility to provide this essential commodity with the least harm to our environment," SCGC managing director said.
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South Valley Cement’s losses surge in Q1-23
Meanwhile, the loss per share went up to EGP 0.07 in Q1-23 from EGP 0.06 in the first three months (3M) of 2022.
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Egypt's PM kicks off visit to Alexandria to inspect projects
Prime Minister Mostafa Madbouli on Saturday kicked off a visit to Alexandria governorate to follow up the implementation progress.
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Hyatt Centric brand to debut in Egypt
The 283-key Hyatt Centric Cairo West will open in the capital’s Pyramids Heights Business Park.
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Arabian Cement registers hike in Q1-23 net profits
Non-consolidated sales jumped to $54mln in Q1-23
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Egypt authorizes land facilities in new cities to incentivize investors
The New Urban Communities Authority (NUCA) has authorized a range of benefits and incentives for investment projects in new cities.
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Project: Construction of Bridges
Beheira Governator: Replacement and renovation of different bridges on different wasters under two contracts
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Egypt’s Tatweer Misr announces real estate JV with Saudi’s Naif Alrajhi Investment
The JV will develop integrated urban projects and tourist resorts in Saudi Arabia.
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Arab Developers turns profitable in Q1-23; revenues skyrocket 137%
The sales hiked by 413% year-on-year (YoY) to EGP 1.30 billion in Q1-23 from EGP 316 million, according to the financial results.
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Real estate market in Egypt turns to US dollar – the looming threat of dollarization
Sales have recently been carried out in Egypt in dollar, amid the rise in the price of the dollar against the Egyptian pound.
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Maboudly, Real Estate Development Chamber discuss measures to boost sector
The meeting centered on discussing mechanisms and suggestions to strengthen the local real estate market.
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Egyptian property sales increase 7% in April: Aqarmap
Aqarmap, Egypt’s Real Estate Demand Index, recorded a growth of 7% in property sales in April, after a period of decline in March.
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PM witnesses inauguration of “Builders of Egypt Forum 2023”
The event is organized by the African Federation for Construction Contractors’ Association (AFCCA) in collaboration with Exlnt Communications and SCA.
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Sinai Cement posts lower net losses in Q1-23
The EGX-listed firm posted an annual drop in standalone net losses after tax
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Two Chinese companies offer to build $300 mln iron complex in SCZone
Two Chinese companies presented an offer to the Egyptian government to launch a $300 million steel complex at the Suez Canal Economic Zone (SCZone).
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Egypt: MNHD logs higher net profits in Q1-23
In the first three months (3M) of 2023, the basic earnings per share (EPS) climbed by 105.08% to EGP 0.12 from EGP 0.05 in Q1-22.
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Big 5 Construct Egypt returns bigger than ever to shore up sustainable growth in $68.5 billion market
The upcoming edition of Big 5 Construct Egypt is endorsed by the Ministry of Housing, Utilities, and Urban Communities.
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Infinity Tower in Egypt's New Administrative Capital reaches 55% construction completion
The tower has now reached a height of 100 metres (m) out of its full 210m, the developer said in a press statement.
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Egypt's Raaed Developments commences construction of ROOTS project in New Sohag
Sabbour Consulting is the project architect while Behairy Consultant Engineering is providing engineering and construction supervision services.