Construction News
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UAE provides EGP11bn to finance 50,000 residential properties
Project to be finalised by July, according to head of Executive Body for Social Housing
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Egypt's Amer Group posts jump in Q1 profit
Amer has diversified businesses in the primary and secondary homes market, as well as hotels, shopping malls and restaurants.
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World Bank to present mortgage system plans in Egypt
Bank participates in social housing programme providing $500m towards 1m housing units for low-income citizens.
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World Bank lends Egypt $500 mln for social housing project
Madbouly said 170,000 units would be completed by the end of the year, bringing the total number of finished units to 250,000.
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Emaar Misr's Egypt unit aims to raise $367 mln -statement
The board had recommended to shareholders that the developer offer 600 million shares on the Cairo bourse to raise EGP2.8 billion.
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Orascom, Bombardier to build $1.5 billion monorail in Egypt
The train will connect the Cairo metro system, which is being expanded, to areas west of the capital including 6th of October City and Sheikh Zayed.
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Intelligent Cities Exhibition & Conference (ICEC) Gathers Global Industry Leaders Together
The not to miss event brings global industry leaders together under one roof to deliver sustainable intelligent cities
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Dubai's Arabtec says in talks with banks to fund Egypt project
Arabtec has said the first phase will involve building 100,000 units.
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Urban development project set to upgrade informal settlement of Istable Antar
Residents suffer from lack of services and medical care, and isolation from basic needs.
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Egypt arm of Dubai developer Emaar reports big profit increase
The company's revenues rose 110 percent in the same period to 751.5 million pounds from 357.7 million.
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Egypt to impose 8 pct import tariff on steel rebar
Egypt's major steelmakers had petitioned the government to impose anti-dumping measures on rebar and wire rod imports.
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Egypt's new administrative capital utilities to cost LE2 billion
The prospective new administrative capital is estimated to cost around $45 billion and would take five to ten years until completion.
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Orascom Construction CEO bullish on Egypt, wants more reforms
Bishai said the company was also interested in renewable energy and water desalination, including a project on Egypt's Mediterranean coast.
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EGP 425m of new budget goes to slums: Housing Minister
It will take the ministry 14 weeks to deliver unites of “1m unit” project to beneficiaries.
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Palm Hills, MNHD sign MoU establishing residential project
Project’s revenues will range between EGP 4.6bn to EGP 5.5bn.
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Egypt’s new administrative capital deal to be announced soon: minister
The cost of the project is estimated to be around $45 billion and is expected to take 5 to 7 years to complete.
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Emaar's Egypt unit signals chairman role change ahead of float
This move comes ahead of Emaar Misr's stock market flotation, for which it filed a formal listing request with the regulator in February.
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Arabtec Profit On Egypt Project Won’t Exceed 7.5%
The company agreed terms last week with Egypt for the first phase of a $36.7 billion plan to construct one million homes across the country.
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Egyptian contractors have lion’s share of awarded Saudi contracts: Head of EFCBA
The value of the contracts handled by Egyptian contractors in Saudi is no less than SAR 1.5bn ($400bn) over the past three years.