Construction News
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Egypt's SODIC says accepts resignation of managing director
SODIC is targeting sales of 4bn EGP ($524 million) this year, up from 3 billion in 2014. The company targets upper middle income consumers.
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UAE’s Emaar to float in Egypt’s stock market at 3.8 pounds per share
The company is due to list and trade on the Egyptian stock market on July 2, but the date is subject to change.
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Egypt's Palm Hills agrees $98 million loan through subsidiary
The company arranged the loan with Banque Misr, the National Bank of Egypt , and the Arab African International bank.
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Egypt responsible for Cairo Capital project should negotiations with partners fail: Assistant Housing Minister
Negotiations with Emirati investors facing huge challenges, but ministry insists on establishing the project even if negotiations fail, says Abbas.
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Egypt signs $4.6 bln construction deal with Arabia Group -statement
The agreement was made at the Economic Summit that was held in March.
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Egypt hits 'complications' in plan for new administrative capital
The plan to build the new Egyptian capital was to be finished within five to seven years at a cost of $45 billion.
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Real estate developers seek low cost funds from EGX
Listing real estate companies allows them to increase capital to compete with foreign companies.
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Egypt's Ezz Steel reports 2014 net loss of $109.5 mln
Ezz Steel had reported a net profit of 527.89 million pounds in the previous year
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Egyptian developer Palm Hills in three deals worth $63 mn
Last month Palm Hills said it had completed a 1.62 billion Egyptian pound share sale to fund growth.
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المهندس المصرى العالمى عبد الرءوف مختار
مشروعات البنية التحتية
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International Projects Manager - Abdel-Raouf Mokhtar
Infrastructure Projects
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Emaar Misr’s $353m IPO in Egypt to run June 16-25
The shares will be priced at 4.49 Egyptian pounds each, meaning the offer is expected to raise 2.69 billion pounds.
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مدير المشروعات العالمى المهندس عبد الرءوف مختار
مشروعات البنية التحتية الدولية
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International Projects Manager Abdel-Raouf Mokhtar
International Infrastructure Projects
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المهندس المصري العالمي عبد الرءوف مختار
مشروعات البنية التحتية
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Egypt's MNHD approves joint mall project with Saudi's Fawaz Alhokair
The Teegan development is located in the east of the Egyptian capital, across from Cairo International Airport, and will ultimately cover 3.5 million square metres.
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Egypt's SODIC doubles first-quarter profit
The revenues doubled from the same period last year.
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Egypt's Madinet Nasr Q1 net profit falls 51 pct y-o-y
The company reported net profit of 50.8 million pounds in the first quarter of 2014.
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14 GCC, Egyptian investors request North Coast land for tourist resorts: Ministry official
TDA aims to offer North Coast land tender in second half of 2015 as part of country’s intention to develop region.
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Gulf Extrusions sees demand for aluminium products rising in Egypt
A commercial office will open in Egypt before the end of the year to take advantage of a growing market boosted by housing sector. demand