Construction News
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Final ruling for the OCI postponed to 4 November
Following a number of meetings with the Egyptian government, the tax dispute liability case was referred back to the committee.
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Egypt greenlights construction of grain storage hub
Egypt approved construction of a ‘global logistics hub’ for grain storage in the country in an effort to reduce annual food import bill.
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The real estate market in Egypt is experiencing intense competition
The real estate industry has gone through different stages since the 1980’s while gaining an increasing importance for the Egyptian economy.
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Egypt aims to get infrastructure improvements back on track
Zazou said he was confident that Egypt’s tourism industry is turning around and that money is flowing back in.
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Egypt turns to illegal buildings to tackle housing crisis
The cabinet approved the project designed to help Egyptians who built or bought bare apartments in the unplanned buildings.
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52.5% growth in railway passengers in August: IDSC
According to the report, of which the Daily News Egypt was able to obtain a copy, only 10.1 million passengers used railways during August 2014.
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SODIC to invest up to $2.5bn in Egypt real estate
Earlier this year SODIC agreed to pay EGP 900m to the Egyptian government over seven years after reevaluating the East town project in Cairo.
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Egypt signs with six international firms to dredge new Suez Canal
Egypt hopes the new canal will more than double revenues from the waterway by 2023 to $13.5 billion from $5 billion.
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Egypt imposes temporary tariffs to protect steel industry
The 7.3 percent tariffs will last for a maximum of 200 days, but could eventually be made permanent, the industry and trade ministry said.
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CAPMAS: Egypt's housing market slowing sharply in 2012/2013
CAPMAS attributed the slow to economic conditions and political upheaval experienced by Egypt during this period.
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Japan funds new terminal in Egypt's Borg Al Arab Airport
Japan has signed Wednesday a soft loan deal worth EGP 1.2 billion (US$167.7 million) to build a new passenger terminal in Borg Al-Arab Airport.
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Government considers offering international tender for Maspero development
Decisions to demolish buildings in the Maspero area were issued to residents recently as the buildings formed a threat to their lives.
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Dubai plan for $40 billion Egypt housing scheme nearly completed
Arabtec originally announced in March that it had agreed with the Egyptian army to build the homes at 13 locations around the country.
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Egypt's Ezz Steel posts first-half net loss of LE176 mln
Egypt's largest steelmaker blames disrupted availability of utilities for reduced output and margins in the first 6 months of 2014.
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SODIC named Best Office/Business Developer in Egypt by Euromoney
Regarded as the benchmark awards for the global real estate industry, the Euromoney Real Estate Survey is now in its 10th year.
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Cairo-Cape Town Highway: From vision to reality in 2015
Egypt’s Minister of Transportation has announced that the Cairo-Cape Town Highway will commence trial operations at the start of 2015.
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Arab Contractors and OCI to carry out EGP750m Cairo Metro works
The bridge will cost EGP 500 million, and tunnel will cost EGP 250 million, Youm7 newspaper quoted the AC Chairman Mohsen Salah.
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Egypt court suspends verdict cancelling Porto Venice land deal
New law safeguarding state contracts from third party challenges could let Porto Venice keep large tract of coastal land.
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Egypt's Palm Hills Q2 net profit down 8.3 pct
Real estate developer posts net profit of LE84.7 million for 3 months ended on 30 June, compared to LE92.4 million in previous year.
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Orascom Development Holding registers first profit since 2010
The Swiss hotel operator is expecting an improvement in the hotel performance during the second half of 2014.