Construction News
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How the real estate market in Cairo, Egypt has changed over the last decade
The increased activity in the market has also been driven by a growing population and a growing economy, an more people moving to Cairo.
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Paragon to start piling works for Its third administrative building in the New Capital
A premium location overlooking the main road, the Presidential Palace and the Government District.
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Egypt's MNHD signs MoU with CONSTEC for construction of Sarai projects
Contract value for the construction of two new projects in Sarai worth more than half a billion Egyptian pounds ($16mln).
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Talaat Moustafa Group logs $73.1mln consolidated profits in 2022; dividends proposed
Talaat Moustafa Group Holding (TMG Holding) achieved consolidated net profits after tax worth EGP 2.23 billion in 2022, up 25% from EGP 1.78 billion i
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El Batal Developments has signed a strategic alliance with Mission235
El Batal Developments announced the details of the agreement during a special event held at its headquarters in Sheraton Cairo.
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Egypt announces plan to redevelop 82 villages and 18 cities this year
The ministry will partner with the Armed Forces’ Engineering Authority to introduce the redevelopment.
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West Leaves in Egypt: Construction work activated for new $229m El Attal project
Construction has started on the $229 million West Leaves in Egypt, a project under development by El Attal Holding in Egypt’s 6th of October City.
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Orascom signs $151m deal with Egypt government and settles environmental charges
The plan will also allow Orascom to develop about 1.2 million square metres of connected lagoons and build 1,000 hotel rooms every 10 years, it said.
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Diarna Real Estate launches the fourth edition of "The Capital Egypt expo" on February 25
The event will be on February 25 at Triumph Hotel, Heliopolis, which will be one of the largest specialized exhibitions in the new capital.
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Ora developers Egypt group to acquire new land in Egypt’s ElSheikh Zayed extension
The land acquisition was part of an EGP 24 billion investment, to develop a project that will enclose residential and non-residential units.
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Egypt’s City Edge appoints Counsel Masters to operate its $133mln North Square Mall
Al-Dahaan added that City Edge will launch Latin district project in New Alamein City this year and will start delivering New Alamein Towers next year
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Egypt's Menassat Developments launches commercial project in New Cairo
Egyptian developer Menassat Developments has launched a commercial project in New Cairo at total investment of one billion Egyptian pounds, ($33mln).
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Qatari Diar inaugurates construction of new phase of CityGate New Cairo with total investments of EGP 1.75bln
Opal 3D-A and Garnet 3D-B at CityGate New Cairo, a self-sustaining city in the heart of New Cairo – located 30 minutes away from Cairo Airport.
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President sisi discusses cooperation with Copelouzos Group
Copelouzos Group a mega infrastructure investor is studying to establish projects for production and transfer of clean energy from Egypt to Europe.
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Egypt offers land to foreign investors for housing projects
The New Urban Communities Authority (NUCA) unveiled the offer which involves nearly 597 acres (2.4 million sq metres) of land in New Cairo City.
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Banks inject EGP 53.2bn in mortgage financing initiative for low-income individuals
This comes within the framework of the mortgage financing initiative for low-income individuals, until the end of January 2023, which is 95.8% of fund
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The "Nile Property Expo" has gained the Prime Minister's patronage in 2023
Dr. Mostafa Madbouly, Prime Minister, agreed to sponsor the "Nile Property Expo" and Conference during 2023.
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AAIB could exit Palm Hills in stake sale to Emirati investor
Arab African International Bank (AAIB) is looking to sell its entire 12.7% stake in EGX-listed Palm Hills Developments to Emirati investment.
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Eight Developments and Gaballah Group cooperate to develop EGP 2.5 bln investments Revolve Mall project
Eight Real Estate Developments and Gaballah Group signed a cooperation contract to develop the “Revolve Mall “project in the northern investors' area.
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Egypt unveils new support for new cities’ real estate developers
Projects that have been or are being granted a grace period in exchange for fees, they will be also granted the 20% deadline extension.