Construction News
-
Egypt seeks to issue title deed insurance policy to motivate foreigners to buy real estate
Farid affirmed, during a press conference held, Thursday, that this document will help motivate non-Egyptians to buy Egyptian real estate.
-
Billboards for market research launches its activities in Egypt
The company works to provide all analytical data that is concerned with the smallest details of the real estate system.
-
Egypt constructs the largest man-made river in the world
This is after being treated at al-Hammam water treatment station, as the river is scheduled to produce about 10 million cubic meters of water.
-
Emaar Misr establishes new company
Emaar Misr for Development recorded a net profit of LE 6.56 billion in 2022, compared to profits of LE 4.11 billion in 2021.
-
German Development Bank allocates Eur 41M to restore Aswan high dam
The funds will help renew the Aswan High Dam’s electric generators, which have been operating since 1960.
-
Al-Futtaim Group Real Estate and VeryNile join forces to intercept plastic pollution in the Nile river
On the sidelines of the cleanup initiative, the group’s participants also had the chance to attend a workshop which primarily focused on recycling.
-
South Valley Cement reports nearly $6.8mln losses in 2022
Loss per share stood at EGP 0.43 as of 31 December 2022, versus EGP 0.47 a year earlier.
-
Tourist walkway in Hurghada starts development
The walkway is set to be inaugurated during Eid al-Fitr, becoming a park for people north of the city and guests of the hotels located in the area.
-
20 buildings in Administrative Capital handed down to state's institutions
All public servants will be transferred to their new offices in the new capital in two phases as the second phase will end by next May.
-
Misr Cement's 2022 consolidated profits cross $4.3mln
The sales reached $91.59 million in the 12-month period that ended on 31 December 2022 up YOY from EGP 2.52 billion.
-
Mountain View directs $195mln to construction works in 2023
Mountain View plans to direct its new investments to develop new phases within its projects, and expand its services through new launches.
-
China-built CBD project promotes sustainable development in Egypt's new capital
The CBD project has employed 16,000 workers and engineers,12,000 Egyptians and 4,000 Chinese, who have cooperated well despite language hurdles.
-
Egypt established axes, roads that will serve Sinai for 50 years
Over the past 8 years, Egypt has established 5 new tunnels in Sinai, in addition to the Martyr Ahmed Hamdi Tunnel; to facilitate traffic for citizens.
-
Saudi Egyptian Developers signs contract with Kuwait’s Al-Kharafi Group
Al-Taher noted that Al-Kharafi starts work on the project and completes 10% of the infrastructure work.
-
President el-Sisi inspects work progress in axes and roads’ projects in Giza governorate
The projects underway in the Giza Governorate include the upgrading of axes and the construction of new axes, with a total length of 177 Km.
-
Ezz Elarab Automotive Group organized an Aston Martin first drive event in Egypt
Hisham Ezz Elarab: We are pleased to organize this event in correlation with the British brand's 110th-anniversary celebrations
-
REDCON is one of the top five construction companies in Egypt
REDCON for Offices and Commercial Centers, the newly established development arm of REDCON Construction, achieves EGP 1 billion in sales.
-
SKY AD. Developments unveils its third project, Blue Tree in new Cairo with EGP 8bln in investments
SKY AD. has an ambitious investment plan for the Egyptian market, and keen to implement its projects in the most distinctive areas.
-
Egypt's Infinity Towers project is 45% complete
The Class A office building is poised to become one of Egypt’s tallest skyscrapers on completion.
-
Egypt's Orbit Developments launches two new projects in Sokhna and Hurghada
Platinum Hurghada comprises five-storey buildings housing apartments and commercial units and is scheduled to be delivered in 2025.