Construction News
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Egyptian FM, Iraqi Speaker discuss reconstruction projects, regional security
He also expressed hope for more fruitful outcomes during the convention of the Egyptian-Iraqi Supreme Committee.
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3D printing promises to transform architecture forever
Large-scale additive manufacturing, like desktop 3D printing, involves building objects one layer at a time.
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Egypt OKs new facilitations for investors, real estate developers
The facilities also include granting real estate developers a reduction of 50% on the interest applied on the due installments.
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Orascom Development: Earnings release 2022
The company's top line, bottom line, and real estate sales figures were the highest in more than ten years.
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JLL: Record inflow of FDI and substantial support from regional developers
Trading Economics recorded that FDI in the capital had reached an all-time high of USD 7.7 billion in Q1 2022.
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Heliopolis Housing’s in Egypt profits leap 234.8% YoY in 6 months
The company’s operating revenues grew to EGP 1.99 billion in the six-month period ended December 31st.
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Egypt amends controls for pricing of industrial lands
The Egyptian Cabinet approved a draft decision to amend a resolution regarding controls for the management and pricing of industrial lands.
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2.66% decrease in manufacturing, extractive index during January 2023
CAPMAS has updated the index methodology using the base year 2012/2013.
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Egypt’s Madinet Nasr for Housing & Development rebrands to Madinet Masr
Company plans to expand within Egypt and the region.
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Egypt’s housing market is showing signs of improvement
In nominal terms, house prices surged by 25.35% during 2022, a sharp acceleration from an annual increase of 3.58% in 2021.
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President Sisi directs to follow up on projects in NAC
President Sisi also instructed to apply the most advanced IT systems and abide by the highest, quality, safety and governance criteria.
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President El-Sisi Reviews Status of Constructing Gargoub Port
The President was briefed on developments pertinent to the construction of Gargoub Port, to achieve optimal utilization of the strategic location.
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Lawmakers in Egypt call for price controls on building materials amid soaring prices
The Senate will next month open a debate over the steel and cement and building materials markets.
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Schneider Electric showcases its unique expertise in the Egyptian real estate market at MIPIM 2023 exhibition in France
The exhibition was an excellent opportunity to highlight Egypt's exceptional real estate experience on a global scale.
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Egypt’s Roya Developments, ACE Moharram-Bakhoum sign strategic partnership agreement
ACE to provide comprehensive project management and supervision services for Roya’s projects.
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Tabarak Holding launches 4 exhibitions in Gulf region for Egyptian property export
Vice President of Tabarak Holding Bassem ElShorbany stated that the exhibitions in the Gulf countries met with a strong demand by Egyptian communities
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Eight Developments, Gaballah Group sign contract with Mission 235 for Revolve Mall management
He pointed that according to the state’s plan to export real estate, which contributes approximately 20% out of the Egyptian national income.
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New partnership arises between Misr El Kheir, Al-Futtaim Group Real Estate
Educational, service projects inaugurated at Manshaal Al-Dahab Al-Qibliyya village in Minya.
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Valuation dispute halts SODIC’s acquisition of Orascom for Real Estate
The company said in a statement that, after consultation, Orascom Development and SODIC decided not to proceed with that deal.
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Melt trap delivered to El-Dabaa NPP construction site
During NPP operation, the “melt trap” is filled with special materials, upon interaction with which the core melt loses part of the accumulated heat.