Construction News
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Arabtec project will increase competition in real estate market
http://www.dailynewsegypt.com/2015/02/15/arabtec-project-will-increase-competition-real-estate-market/
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Egypt Bourse Receives Request to List Emaar’s Egyptian Unit
The Egyptian exchange was the 4th best performing bourse among more than 90 globally last year.
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Egypt's SODIC says plans about 2.3 bln Egyptian pounds in investments in 2015
The company said it would deliver 684 new property units this year.
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Egypt- EGP 3bn investments for Ashgar City Project: IGI Sales & Marketing Director
The Ashgar City project is to be developed over four phases, two of which have already been launched and completely sold.
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Real Estate Experts Converge Ahead of Egypt Economic Summit
Positive steps Initiated in Q1 as Cityscape Egypt Business Breakfast looks at investor potential in Egypt's mega-projects markets.
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Steel companies anxious about market fluctuations: Experts
Companies keep prices stable, waiting for economic improvements.
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Emaar Properties Targets Q2 For $270m Egypt Unit Float
Emaar Misr has a portfolio of investments in Egypt worth around 53 billion pounds.
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Suez Steel obtains final approval, records $100m in 2015 investments: Gamal Garhi
Government puts unfair pressure on investors, but Garhi optimistic about future in light of recent reforms
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Suez Canal revenues record $445.5m in December
The Suez Canal is a key source of foreign currency for Egypt
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How promising is Egypt's construction sector?
Egypt's current pace in construction and real estate makes the country a "hive of activity".
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Egypt's Palm Hills to inject LE2.2 bn into projects in 2015
Egypt's second-largest listed real estate developer saw its third quarter net profit grow 152 percent to LE129.7 million on a rise in deliveries
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174m cubic meters dug at Suez Canal project
The project is scheduled to be completed after 211 days.
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Egypt's Palm Hills plans $230 mln share issue to raise capital
PH had called a shareholders meeting to approve the plan, which aims to increase its capital from 2.7 billion to 4.35 billion pounds.
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Orascom Development Holding offers 10-15% in stock market
The company stated that its management is “optimistic with the company’s performance”, adding that it expects a stronger performance after parliamentary elections.
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France loans Egypt €7.15m to develop Taba International Airport
Loan scheduled to be repaid in 20 years, with six year grace period and 0.17% interest.
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Cement companies look to control market prices in face of production decline
The rise in cement prices to EGP 800 per tonne comes despite reduced quantities produced throughout the winter season due to a decline in demand.
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Egypt's Suez Cement to convert two factories to run on coal
Suez Cement said it will convert two of is factories in South of Cairo to run on coal in order to overpass shortage in naturel gas supplies.
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Subsidies and the Construction Industry
The Cement and Steel Industry are under threat due to the government’s plans to reduce subsidies on energy-consuming industries.
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Palm Hills bets on commercial property as Egypt's economy recovers
A nascent economic recovery is fuelled by foreign investors - which the government is courting with structural reforms and mega-projects.