Construction News
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Egypt’s ACUD promises to offer new green building incentives by end of 2023
Administrative Capital for Urban Development (ACUD), the operator of Egypt’s new mega capital, is set to offer new green building incentives.
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The Egyptian Proptech Startup Changing the Way We Buy Homes
Since 2022, Partment has enabled users to co-own a second home in some of the top destinations in Egypt and Greece.
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Talaat Moustafa Group and Faisal Al-Rasheed Group Partner to Open Two “Al-Nasser” Branches in Madinaty and Al-Rehab
This collaboration will see the opening of two new branches of the renowned “Al-Nasser” brand, one in Madinaty and another in Al-Rehab.
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B Investments approves share swap ratio value for Orascom Financial Holding acquisition
The acquisition, which will see B Investments purchase up to 90% of OFH, was announced back in June.
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Egypt: President El-Sisi Follows up on New Cities Projects
The President gave directives to complete the new projects within the specified time frame and to ensure that the new cities represent a real addition
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‘Eight Developments’ is now ‘Town Writers’
With the success achieved by Town Writers in the Egyptian real estate market over the past years, the rebranding signifies a new era in its journey.
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Elevating Egypt's energy efficiency: ABB and Ezz Steel lead an engaging panel discussion
The panel discussion was titled "Steel Making: The Paradox of Reducing OPEX and Increasing Efficiency".
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Egyptian billionaire to develop large city in Iraq
Ora Developers, is negotiating with Iraqi governmental agencies to build an entire city outside Baghdad with very huge investments.
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Schneider Electric and Redcon Properties Forge Sustainable Partnership in Egypt
This landmark agreement signifies a significant stride toward creating a blueprint for smart and sustainable communities within Egypt.
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Egypt considers EGP 8 bln partnership offers in real estate sector: Minister
The Egyptian government is currently reviewing partnership offers worth EGP 8 billion ($258 million) from investors in the real estate sector.
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SAK Developments executes 3 projects in New Capital
Kadri said that the company has completed the excavation and replacement operations for The V Hub Mall.
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TCI and Sinai White Portland Cement Company to build Egypt’s first bulk cement export silo terminal
Under the terms of the commercial agreement, TCI will build and operate white cement silos terminal with an annual capacity exceeding 200 000 t.
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How artificial intelligence conquers Egypt's construction industry
AI is revolutionizing the construction industry, enhancing design, optimizing project management, and tackling skilled workforce shortages.
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Orascom Construction reports consolidated backlog of $6.9bln in 9 months
The company’s consolidated revenues fell 22.5% YoY to $2.365 billion from $3.053 billion.
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Chinese glass walls adorn Egyptian skyscrapers
After four years of construction, the modern city is finally taking shape, with a cluster of glass buildings shining like a mirage.
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Egypt's currency dilemma spurs real estate export revival
The Egyptian government is wrapping up an initiative to sell real estate units in foreign currency to foreigners and expats.
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Egypt’s Administrative Capital Company targets EGP 26 bln in profits by end of 2023
Egypt's Administrative Capital for Urban Development Company (ACUD) targets a projected profit of EGP 26 billion by the end of 2023.
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Egyptian cement firms eye Zimbabwe market
This move comes at a great time, amid acute shortages of the product in the market.
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Egypt's new USD real estate sales initiative: Top 10 facts
Egyptian Prime Minister Mostafa Madbouly has proposed an initiative for selling real estate units in USD to increase foreign reserves.
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Egyptian building materials exports jumped by 20% in 2023
Within the metal industries sector, there was a growth of 20 percent, with the export value reaching $3.777 billion, surpassing the $3.135 billion.