Construction News
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Arabtec, Egypt agrees terms on first phase of 1 mln homes project
Arabtec did not provide any details on how many phases were in the project or when it might conclude terms on building the remaining 900,000 units.
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UAE's Aabar, Arabtec said to eye more Egypt investments
Aabar last year bought a stake in Cairo-based Palm Hills Developments. Arabtec is also involved in a large housing project in Egypt.
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Egypt's Amer begins construction of Jordan resort
The $221m project is due to be completed in 6 months.
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Egypt top African steel producer after SA output falls
Egypt increased its production by 8.7% in 2015.
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Egypt, Ethiopia, Sudan sign GERD declaration
The Declaration of Principles is foundation upon which Ethiopia will build agreement with Egypt and Sudan, says Ethiopian Prime Minister
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World Bank set to loan Egypt $500 mn for housing project
The Bank is committed to support the Egyptian government in improving its social safety net by expanding cash transfer system to the poor.
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Egypt's urban authority approves Madinaty settlement
The government last year approved an amendment to the investment law that prevents third parties from challenging contracts signed between the government and investors.
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Dubai’s Emaar Says Not Part Of Egypt’s Capital City Project
The company said in a Dubai bourse statement on Monday that it was not involved in developing the planned new capital to the east of Cairo.
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Egypt's SODIC acquires land on Mediterranean North Coast
SODIC will build the company's first coastal development.
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Egypt, Arabtec to resume talks on housing project
Dubai-listed Arabtec announced last March it will build the homes at 13 locations around the country.
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Egypt to build 200 meter-high pyramid skyscraper
The project will make its debut at the upcoming economic summit at Sharm El-Sheikh.
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Urgent phase implementation in Toshka City to end 30 June: Housing minister
New Toshka project will be added to urban community plan for fiscal year (FY) 2014/2015 with investments at EGP 287m.
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NBE to grant credit for 640 housing units
CBE launched mortgage initiative last April worth EGP 10bn for real estate financing involving funding housing for low-middle income classes at concessional terms.
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Eagle Hills Said Building $80 Billion New City in Egypt
The project will be formally announced by Egypt’s government at an international investors conference next month, they said.
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Developer Talaat Moustafa, Egypt Sign Settlement Over Madinaty
A separate case regarding the company’s right to own of Madinaty is awaiting a ruling from the constitutional court.
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Orascom Construction to raise up to $241 mln in Egypt share offer
The Sawiris family plan to move the primary listing of their construction assets back to Cairo.
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Egypt approves €344m French aid to revamp infrastructure
The aid will be used to buy trains for metro lines.
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HOTAC develops Shepherd Hotel with EGP 320m via Ain Sokhna project income: Board Chairman
The development will occur using investments of up to EGP 320m, which will be gained through self-financing.
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Ezz Steel posts Q3 loss of 285 mln Egyptian pounds
The losses of the biggest steel manufacturer have doubled since last year.
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Orascom's construction arm to list on Dubai, Egypt exchanges
The global engineering and construction business, is demerging from OCI N.V.'s fertilizer and chemical business.