Construction News
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Egypt's Real Estate Sector Faces a Perfect Storm of Crisis
The real estate sector in Egypt is grappling with a perfect storm of crisis, including rising costs, delays in construction, and financial instability
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Talaat Mostafa's ICON completes acquisition of 7 Egyptian state-owned hotels
TMG has completed the final acquisition contract for a majority equity stake of 51 percent with full management rights in seven state-owned hotels.
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Egypt planning to offer land at Ras Ghamila for sale
The Ras Ghamila Project is the last piece of land overlooking the sea in Sharm el-Sheikh and the islands of Tiran and Sanafir.
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Wealthy GCC investors targeting Egypt for real estate investments
GCC nationals have been purchasing residential properties in Egypt for an average of around $1.1 million.
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Construction of a fence
Aswan Governorate: Construction of a fence within a Sporting Club
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Record sales in 2023 – real estate developers secure LE 700B in sales
Topping the list of the most popular real estate locations was East Cairo, with the report pointing towards expansions in Al-Mostakbal City.
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Bonyan acquires 8th commercial asset in REDCON Properties’ Golden Gate Project
This is in line with Bonyan’s strategy of acquiring trophy commercial real estate assets cementing its position as the leading real estate company.
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Construction equipment
Cairo: Supply of heavy construction equipment (iron & steel sheets), and painting supplies
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Housing Min. Visits Chinese Projects to Stand on Modern Management Systems
Gazzar, currently visiting China, said the visit is meant to stand on the up-to-date management, operation and maintenance systems.
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Cairo retail sector rents rose by 9% in 2023 – JLL
The retail sector saw limited project launches and completions in Cairo in 2023.
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With government relocated, Egypt set to unveil overhaul of downtown Cairo
The blueprint includes the government quarter on the southern edge of downtown and involves traffic plans.
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Libya signs agreement with Egyptian companies to build 11 new bridges
The Libyan government has signed contracts with Egyptian companies to build 11 new bridges in Derna, Benghazi, and Ajdabiya.
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Construction of a clinic
Menoufia: Construction of a public health clinic within Smlay Village
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Rehabilitation of some bridges
Beheira: Rehabilitation and raising the efficiency of some bridges
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PM Witnesses the Ceremony of Handing Over the First 3 Towers in New Administrative Capital
The business district also houses the Iconic Tower, a supertall skyscraper with a total structural height of almost 400 meters.
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Egypt Emerges as Africa’s Top Cement Producer
Egypt has risen to become Africa’s leading cement producer, boasting an impressive annual production capacity of around 92 million tonnes.
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Egypt plans to have the world’s tallest structure at a height of 1000 m
The proposed mega-tall skyscraper Oblisco Capitale is located in the New Administrative Capital (NAC) of Egypt.
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PM directs officials to start projects for upgrading view of Gameat Al Dowal Al Arabiya axis
He made the remarks during a meeting to follow up the implementation of a number of development projects in the Giza governorate.
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Ezz Steel's investments soar to $5.9B as exports target $1.75B in 2024
Afaf Ezz highlighted that the new smelting furnace was commissioned with an investment cost of approximately LE 5 billion.
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ACUD introduces ‘equal instalments’ system for land offerings
The Administrative Capital for Urban Development (ACUD) company has announced the introduction of the “equal instalments” system.