Latest in Tag: Construction Highlight
Latest in Tag: Construction
NBE, QNB syndicated loan of EGP 1.8bn to Concrete Plus Engineering, Construction
20% of the total cost of implementing a housing compound project in the beach area of New Alamein City
EGP 350m price tag for Park Lane’s first phase construction in NAC
El Attal expected to achieve a large rate of sales for the Park Lane project, especially with the government administrative district being so close to them, which will garner great demand for investments.
Construction of EGP 17bn Alexandria Metro to start in 1Q 2020
Project to be implemented in three phases over two years, says Alexandria Governor
Construction and architecture should meet SDGs, and people needs: El Hindi
He explained that modern man does not need large congested buildings as much as he needs comfort and attention to spaces between buildings and provided services.
SODIC awards EGP 300m in construction contracts for SODIC East’s development
SODIC had broken ground last year following the successful launch and selling out of EGP 2bn worth of single-family homes in SODIC East, which has launched its next phases, now under construction, and is progressing ahead of schedule on track for delivery starting November 2021.
Lekela to begin construction of West Bakr wind project in Q4 2019
The company is still preparing the joint wind measurement campaign, along with other shortlisted bidders for the 250 MW West Nile wind tender
Economic housing came first in terms of construction quality represending 52% of total implemted units in 2017/2018 :CAPMAS
World Habitat day was approved by the United Nations General Assembly for the first Monday of October annually, aiming to provide access to adequate shelter as a basic human right. The day also serves as a reminder of the world’s responsibility to shape the future.
German Intec wins consultant contract for construction of Zafarana solar power plant
Three companies, including Belectric, NARI Group Corporation, and Vikram Solar, technically qualified and two companies were excluded, one for technical reasons and the other withdrew.
City Line completes construction works of Blue Valley’s first phase
El Sayed said that the first phase of the project spans over 4 feddan and comprises of approximately 550 units with varying spaces ranging from 50 to 110 sqm, in addition to an entertainment area and swimming pools.
El Shams Housing to start construction of Solana project in NAC end-August
Project will be self-financed by EGP 3.4bn from the company’s liquidity and sales of residential units
New Plan Developments to implement 20% of Serrano’s construction year-end
Company has marketed 90% of Serrano within eight months, says chairperson
Beta allocates EGP 250m for construction works in 2H19
Company mulls new development project in September
Pyramids Developments starts construction of EGP 2bn Paris Mall in NAC
The company also has three other shopping centres in the NAC, including La Capitale, Champ Elysees, and Grand Square malls.
City Edge signs EGP 1.6bn worth of construction contracts for 2 projects
During the company’s press conference on Wednesday, Amr El Kady, CEO of City Edge said that the first contract was signed with ASGC Group for EGP1.4bn for the Etapa Square project except for the hotel part of the project, which is being implemented until 2022.
Misr Italia begins VINCI project construction works with EGP 500m investments
Misr Italia Properties begins the construction work of VINCI boutique residential project with investments worth EGP500m in 2019. Misr Italia Properties announced finalising a deal with three contracting companies to implement the construction works of VINCI project. With construction of the project starting in 2019, the company plans to accelerate the delivery of units in 2022. Mohamed Hany …
Ethiopia agrees with Chinese firms to accelerate GERD construction
Project facing several political, financial, technical issues
Three global alliances competing for construction of dry port in Sixth of October City
Investments expected to reach more than $100m, project will take up to 30 years
Egypt, Sudan discuss enhancing cooperation in construction sector
EDA chairperson assures his determination to enable Egyptian companies export to Sudan
MBG obtains ministerial approval of Pukka project’s construction
MBG to launch two tourism projects in Hurghada, North Coast
Subletting social housing units still incessant
Daily News Egypt received some complaints from unit’s owners, noting that the subletting of the units is still incessant. Some owners are offering up their properties to workers and families at prices ranging from EGP 700-1,000 a month.
International construction companies express optimism about Egyptian market, eye partnership opportunities
Exhibitors from 24 countries showcased the latest technologies for the country’s $335bn worth
Exhibitors from 24 countries showcased the latest technologies for the country’s $335bn worth construction market market
Al Ahly directs EGP 1bn in projects’ construction works
Daily News Egypt sat down for an interview with Sabbour, whereby he said that his company aims to achieve EGP 6bn sales in the current year
dmg events to hold The Big 5 exhibition in Egypt’s $335bn construction market
dmg events, an international exhibitions company based in Dubai, said that it will hold The Big 5 exhibition in Egypt from 18-21 September, at the Egypt International Exhibition Centre (EIEC) in 2018. dmg added that The Big 5 Construct Egypt will be the second largest construction show after The Big 5 Dubai. The show’s first …
IFC provides first loan to support Egypt’s construction industry
The International Finance Corporation (IFC), a member of the World Bank Group, is providing a $15m loan mainly in Egyptian pounds to Vinavil Egypt for Chemicals, a leading manufacturer of construction-related materials, to help the company boost production and create jobs, according to a press statement on Wednesday. The statement said that the IFC’s financing …
Capital Group allocates EGP 3bn for Al Burouj project construction
Company invests $300m in Al Burouj project
Construction companies underwent EGP 200bn in construction works in 2017
Sector is first to pay taxes to state, says Abdel Aziz
ARCO to pump EGP 1.7bn into construction contracts in 2018
Company targets achieving 20% increase in sales this year, says executive director
Emaar Misr awards construction contracts worth EGP 2bn for phase one of Marassi Marina project
Construction of the Marina basin is expected to be completed by 2020
EGP 44bn cost of projects implemented in Cairo during an entire year
Cairo governorate showed the highest percentage of projects executed in the field of construction, according to Central Agency for Public Mobilisation and Statistics (CAPMAS). CAPMAS said that the projects executed in the capital amounted to EGP 44.8bn, out of a total of EGP 56.4bn, which is the value of construction projects executed by private sector companies …
Property price hikes revive participatory construction initiatives
In the last two years, a number of initiatives have been launched that offer residential units at costs less than market prices by up to 50% in several new cities, including New Cairo and Sixth of October City. The idea of the initiative is to assemble a group of customers corresponding to the number of …