Construction News
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Orascom Construction Divests Construction Chemicals Subsidiary for EGP 1.8 Billion
Orascom Construction’s share of the gross proceeds for its 28.25% effective stake amounts to EGP 1.8 billion.
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Egypt will allow foreigners to own property with no limits, but with rules
Egypt will allow foreigners to own property with no limits, but according to certain rules, announced Prime Minister Mostafa Madbouly on Wednesday.
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Project: Electromechanical Works
Kafr El-Sheikh: Maintenance, operation and securing the mechanical and electrical works of the mixing stations under two contracts
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Wadi Degla Developments launches Waterside in Murano’s third phase
Murano beach stretches across 750 metres on the Red Sea shore, With investments of around EGP 8bn.
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Egypt’s office, retail space demand sees growth in 2023 despite challenges
Egypt Real Estate Report, issued by Savills Egypt, highlighted the challenges the industry has faced over the past year.
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Arkan Palm and IHG Hotels & Resorts expand partnership
The hotels, located in Arkan Palm’s 205 mixed-use project, will add 390 rooms to IHG’s portfolio in Egypt.
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Developers list their demands to revitalise, develop Egyptian real estate sector
They called for including the real estate sector in initiative to support industry, agriculture with 11% interest rate loans.
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SODIC acquires 180 acres of land on Egypt's North Coast
Located in Ras Al Hekma, Caesar is SODIC's maiden venture into coastal developments and second homes.
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Top10 real estate development companies in Egypt
Real estate development companies have been integral to Egypt's economic growth. They often focus on large, planned communities
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Orascom Development Holding AG announces its Egyptian Subsidiary (ODE) Q1 2023 Financial Results
Orascom Development Holding (ODH) Q1 2023 results will be announced as scheduled on Tuesday the 17th of May at 7:00 am CET.
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ICIEC signs Memorandum of Understanding with the Arab Contractors
To facilitate the promotion of green and sustainable transport, urban and social infrastructure.
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Egypt: Talaat Moustafa Group announces $65.2mln contracted sales in Q1-23
Revenues enlarged by 29% to EGP 19.87 billion in 2022 from EGP 15.34 billion a year earlier.
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Egypt's Emaarcom Developments launches Mokattam Downtown
He said the project will be completed in four years, adding that Ehaf Consulting Engineers is the main consultant of the project.
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Exports of Egypt’s building materials sector up 7.1% YoY in 2022
Exports of the building materials industry amounted to nearly $6.9billion last year.
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Aldar Properties reaffirms its commitment to Egypt
On Wednesday, Reuters reported that a senior executive had said Aldar will hold off any further investments in Egypt until conditions stabilize.
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Acrow Misr’s consolidated profits exceed $3.65mln in 2022
Basic and diluted earnings per share (EPS) reached EGP 1.75 last year, lower than EGP 1.84 in 2021, according to the income statements.
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Egypt aluminum generates higher profits at $126mln in 9M-22/23
Egypt Aluminum recorded net profits after tax amounting to EGP 3.91 billion during the first nine months (9M) of fiscal year (FY) 2022/2023.
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Egyptian Businessman Samih Sawiris Expresses Hesitancy to Invest in Egypt
The business tycoon began by saying that the economic crisis is making it more difficult for businesses to operate.
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Egypt: SODIC’s contracted sales hit $90.2mln in Q1
The annual drop in sales was due to the limited launches in the three-month period ended March 31st.
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Orascom Development begins handover of first phase of homes in O West
Plans for 2023 are on track for the town to deliver more than 350 villas in the Whyt.