Construction News
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Egyptian firm Orascom Construction’s Q4 profit surges over 50% to $56m
Orascom's total revenues increased by 17.9 percent to reach $4.17 billion, compared to $3.53 billion in 2021.
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France loans Egypt €7.15m to develop Taba International Airport
Minister of International Cooperation Naglaa Al-Ahwany signing the agreement with the French Ambassador to Egypt Andre Baran.
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China's Xinxing to invest $2 bln in Suez Canal Economic Zone- Egyptian cabinet
Chinese company Xinxing Ductile Iron Pipes intends to invest $2 billion in iron and steel plants in the Suez Canal Economic Zone.
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El Obour Real Estate’s profits surge 55% YoY in 2022
Revenues grew 14.8% to EGP 114.22 million last year from EGP 99.45 million in the previous year.
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Attaby Consultancy participates in the Middle Ring Road and Bin Zayed axis
Attaby Consultancy is keen to work with high-accuracy designs to achieve the highest efficiency level.
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Strong presence of Egypt’s real estate developers in MIPIM in Cannes
Egypt’s participation in MIPIM, the world’s leading real estate market event, is an important marketing opportunity for its urban renaissance.
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Raaed Developments launches ROOTS compound in New Sohag with EGP 1.8bn investment
Raaed Developments has announced the launch of its flagship project, ROOTS, in New Sohag, with a total investment of EGP 1.8bn.
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Tatweer Misr signs MoU with Saudi Arabia to facilitate investment opportunities in Kingdom
The collaboration comes in light of Tatweer Misr’s expansion strategy, which aims to diversify its portfolio of projects.
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Madaar to invest EGP 5bn in its projects in 2023
He added that the company continues to carry out Azha Sokhna’s construction, after investing billions of Egyptian pounds.
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Khaled Sabry Holding to unveil 56-feddan projects in East Cairo
Khaled Sabry Holding operates in the real estate market with more than 25 years of experience, by working on several real estate projects.
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Construction works of Egypt’s first eco-sustainable industrial complex kick off
The first phase of the complex includes 3 factories at an investment cost of more than $100 million. It will provide 2,000 direct and indirect jobs.
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Egypt's West Way Developments to launch new projects in 2023
The first project, a 5-acre, 36-villa development, involves an investment of EGP250 million ($8 million).
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China's home appliance giant Haier builds 1st plant in Egypt
China's home appliance giant Haier held a groundbreaking ceremony on Wednesday for its first Egyptian factory.
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NUCA approves EGP 145.5bn budget for FY 2024
The New Urban Communities Authority (NUCA) is working on the development of 56 new urban communities, including 8 cities in the first generation.
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Misr Italia Properties participates for the first time in MIPIM
The world's leading real estate market event takes place in the period between March 14th - 17th in Cannes, France.
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Amer Group shifts to $6.30mln consolidated losses in 2022
The revenues plummeted to EGP 870.48 million in 2022 from EGP 1.37 billion in 2021, whereas the total assets enlarged to EGP 9.97 billion.
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Egypt’s IGI Developments allocates $32mln for construction work in 2023
Mostafa said the company recently launched new apartment units in the Ashgar Heights project, ranging from 50 square metres (sqm) to 200 sqm.
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Hassan Allam-Agility JV to build modern logistics parks in Egypt
Their first park, Yanmu East Logistics Park, is coming up on a 270,000 sq m site on the new Cairo Suez road, 15 km from Cairo Airport.
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Sinai Cement incurs EGP 330.5m consolidated losses in 2022
The EGX-listed firm generated sales worth EGP 2.34 billion last year, higher than EGP 1.44 billion in 2021, according to the financial results.
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Mountain View participates in MIPIM exhibition the world's leading real estate market event
Mountain View’s participation for the second year in a row affirms the company’s eagerness to partake in the most renowned international exhibitions.