Latest in Tag: Construction Highlight
Latest in Tag: Construction

74.2% Y-o-Y increase in Palm Hills’ revenues
Net profit reached EGP 353.3bn, according to real estate company

Housing ministry proposes EGP 150bn project in Economic Summit
“October Oasis” will be built over 10,000 acres in southern 6th of October City

Orascom Construction Ltd submits listing request
Company expected dates of Egyptian offer to be between 1 March and 4 March
OCI’s engineering and construction branch starts demerging
Demerged engineering and construction arm will be dually listed in Egypt and Dubai

Additional EGP 500m investments expected for new opportunities: SODIC managing director
Cash flow for next five years expected to be EGP 17bn, company is interested in coastal opportunities, says Ahmed Badrawi
Emaar Properties reports 30% Y-o-Y increase in net profit
Last week, Emaar Misr made official request to list on Egyptian stock market

Housing projects, land offered at month’s end: Minister of Housing
Allocation of EGP 28bn underway for new housing budget
EGP 1.6bn capital increase approved by Palm Hills’ general assembly
Real estate company seeks to expand its commercial and residential portfolio

SODIC estimate clients’ contract to be EGP 4.1bn
Company to invest EGP 2.3bn and deliver 684 units in all projects

Availability of fuel, obtaining licences challenges facing Arabian Cement in Egypt: CEO
Jose Maria Magrina asks government to promptly consider and resolve issues and complaints of existing investors in Egypt
Traditional realtors disappear with emergence of cyber ones
Websites and social media proved more successful than traditional realtors in selling and purchasing real estate units in Egypt

Qatari Diar receives long-awaited approvals for tourism project
The company has two projects in Egypt

Al-Sisi receives Iraqi prime minister to discuss bilateral relations, terrorism
Egypt’s security is entwined with Iraqi security, Egyptian President says

Construction sector challenged by growing demands: Hill International Egypt Manager
Egypt’s construction sector is busy due to the huge development projects adopted by the government, Waleed Abdel Fattah says

New phases of Hyde Park and Chill Out Park in the range of EGP 9bn: CEO Dar Mimar Group
Daily News Egypt sat d own with Ayman Ismail, the CEOof Construction and Engineering Company Dar Mimar Group (DMG), to talk about DMG’s performance in the Egyptian market and its future real estate plans What are the projects that DMG plans to launch in near future through its real estate arm Mountain View? And what is the …

Arabtec Holding participates in 1m housing unit project
According to Hisham Zaazou, the Minister of Tourism, the North Coast Development Project will serve both tourism and industrial purposes in the northwest coast, increasing population density in the Nile Delta through large-scale projects
Natural resources to be used in Upper Egypt development project
Upper Egypt’s natural resources will be tapped into to develop the region through the Golden Triangle Project, the second largest developmental project run by the Egyptian government. The project seeks to establish a new industrial capital city through constructing a global, touristic, mining, economic, commercial, and industrial centre. It will also create a logistic and …
UPDATE: Building collapse in Cairo kills 18 people
8 people injured in building collapse, prosecution says illegal addition of two storeys made building unstable
Building collapse in Cairo kills at least 15 people
Unstable housing structures remain a problem for Egypt

OCI NV pursues dual listing in Egypt, UAE
Company is targeting to list on the two exchanges during the first quarter of 2015

Following ruling in OCI tax case, Sawiris ‘grateful justice has prevailed’
Ruling marks end of challenging period for OCI, says CEO Nassef Sawiris in exclusive statement to Daily News Egypt

Final ruling for the OCI postponed to 4 November
Government seeking to settle tax dispute worth an estimated EGP 7bn

First phase of Arabtec housing project to start before year-end
UAE company will provide New Urban Communities Authority with housing units and public services

Masr El-Salam prepares for EGX listing next month
Chairman says company is “offering 20% of shares worth EGP 80m to construct first phase of the Salam Industrial Complex”
National construction company reconsiders investments in joint ventures: CEO
Group considering partnerships with subsidiary companies to join Gaza reconstruction efforts, says CEO

Arabtec to conclude plan for 1m home project in Egypt
The $40bn project will be built in 13 locations across Egypt; first homes to be delivered in early 2017, according to Reuters

Students propose recycled building material as solution to slum housing problem
Development project aims to build a community centre out of cheap, durable material
Euromoney Conference: Construction and real estate sectors need better governance: Real estate developers
Egypt’s construction and real estate market has growth potential, says real estate company regional director

Shoukry to visit Ethiopia after Europe tour
Recent talks between Egypt, Ethiopia and Sudan on the Ethiopian Dam have ended in agreements
Two children killed as buildings collapse in Sohag
Unstable housing structures continue to be a problem in Egypt