Construction News
-
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.
-
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.
-
Egyptian cement firms eye Zimbabwe market
This move comes at a great time, amid acute shortages of the product in the market.
-
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.
-
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.
-
Egypt: Pioneers Properties logs higher consolidated profits in 9M-23
Revenues amounted to EGP 4.04 billion in 9M-23, up 5.13% from EGP 3.84 billion during the nine-month period that ended on 30 September 2022.
-
Egypt’s iron, steel exports grow by 65% in nine months
Egypt's cast iron and steel exports surged to $1.74 billion in the first nine months of 2023, up by 65 percent, from $1.053 billion.
-
EBRD and A³&Co.® join forces to drive decarbonisation at Arabian Cement Company in Egypt
The Arabian Cement Company has been a leading player in Egypt's cement industry since 1997, with two production lines in Sokhna, Suez Governorate.
-
Saudi Arabia’s FAS to invest $1.5B across sectors in Egypt in 2024
The investment will be across the energy, real estate, and infrastructure sectors in Egypt.
-
Hilton Announces Debut In Cairo’s New Administrative Capital
Located in the heart of the NAC’s masterplan, Hilton Cairo New Capital Tower is ideally located in the Central Business District.
-
Japanese Delegation Visits New Alamein City to Review Investment Opportunities
At the beginning of the visit, an explanatory video was shown that included all the projects, investment opportunities available in the city.
-
Steel prices in Egypt reach historic highs
Steel prices reached historic levels in Egypt after key producers raised prices significantly.
-
Project: Building Construction
Menoufiya: Construction of a service building and activity halls
-
Emaar Misr implements Salesforce CRM, Nedap ID system at Marassi Egypt’s smart city
This has enabled Marassi to deliver greater convenience to its 30,000-plus residents and 100,000-plus monthly visitors.
-
Zahraa Maadi reports 1.3% YoY profit uptick in 9 months: Egypt
The listed firm is involved in the construction and development of residential and commercial buildings.
-
Egypt's New Administrative Capital Company set to award planning for 2nd phase next month
ACUD is poised to announce the winner of the bid for the planning of the second phase of the new capital within the next month.
-
Egypt approves building new private free zone in Ain Sokhna
Egypt has approved the construction of a new private free zone in Ain Sokhna to produce feldspar and silica-free bio-quartz and lapitec panels.
-
Government plans to sell HHD to strategic investor
The evaluation process has estimated the HHD’s value at around EGP 20bn, while the current market capitalization of the company is about EGP 15.9bn.
-
Project: Supply of Elevators and Building Renovation
Sharkiya: Supply and installation of 2 elevators. Also, renovation of the administrative building of the Faculty of Engineering under two contracts
-
Egypt launches 2nd phase of Sinai development plan
The target volume of development and projects is estimated at LE363 billion in the second phase of Sinai’s development over the next five years.