OUD launches first phase of J’noub project, achieves EGP 600m
Company obtained project’s ministerial approval
Shaimaa Al-Aees
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Palm Hills, Asten College Schools collaborate to develop international school for EGP 435m
The school is set to be launched by 2020 and accommodating approximately 2,800 students.
Elsewedy Development intends to acquire land in New El Alamein
Company close to receiving lands in Sadat, 10th of Ramadan cities, with a total area of 5.4m sqm
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
Real estate developers discuss sector development, attracting foreign investment funds
Government holds discussions with some foreign investment funds, but fears exist of decline in price of local currency, says housing minister advisor
IFC, Banque Misr sign Egypt’s first women banking agreement to support female entrepreneurs
The IFC noted that SMEs contribute 38% of total employment and 33% of Egypt’s GDP, but often struggle to access financing. Women-owned SMEs, in particular, have an estimated credit demand of $283m and $246m of potential deposits.
Egypt’s cement industry considered attractive for FDIs: INTERCEM CEO
Africa, US among most promising import markets for Egyptian cement, says Shelbourne
Egypt’s cement production cannot compete globally: Istvanos
Exports of cement production amounted to $57m during H1 of current year, says division head
Egypt, Germany discuss strengthening cooperation in SMEs, technical, vocational training
Egyptian exports to Germany increased by 9.5% during H1 of this year, says Nassar
EEHC selects Siemens to operate world’s largest combined-cycle power plants
New agreement aligned with Egypt‘s energy production goals, says Desouky
Egypt’s cement industry considered attractive for FDIs: INTERCEM CEO
Africa, US among most promising import markets for Egyptian cement, says Shelbourne
Deceleration anticipated in real estate sector by developers
Dynamic changes happening in market, says Abla Abdel Latif
FocusEconomics expects GDP to expand 5.1% in FY 2019, 4.9% in FY 2020
Moreover, FocusEconomics said that economic growth is expected to moderate slightly in FY 2019, but remain robust nevertheless.
Upturn to launch service project in Fifth Settlement in Q1 2019
Project’s expected sales reaches EGP 800m, says vice chairperson
Thiqa markets 60% of TREEX exhibition in Sharjah
Meanwhile, he added that the exhibition targets the participation of 50 Egyptian investment, marketing, and finance companies, as well as banks, noting that contractual sales exceeding EGP 1bn are expected during the exhibition’s events.
PACT obtains EGP 120m loan from Arab Investment Bank
Loan targeted towards financing PACT’s White Bay
‘The Big 5’ exhibition boosts flow of FDI into Egypt’s construction sector
The Daily News Egypt sat down for an interview with Heijmans, the transcript for which is below, lightly edited for clarity
Industrial Development Bank, Cairo Development, Investment Co sign MoU to provide funds to purchase units in Rubaki city
The Minister of Trade and Industry Amr Nassar said that this agreement comes within the framework of the ministry’s keenness to activate the role of specialised banks in financing commercial and industrial projects.
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EU, Egypt discuss strengthening cooperation during economic sub-committee cluster meeting
“Sub-committees are a mechanism through which experts from the EU and Egypt discuss the implementation of the cooperation between both sides in various fields, in addition to the relevant policies and regulations,” the statement read.
Majid Al Futtaim, UNICEF partner to help send 1 million children to school by 2020
The MoU targets improving child-friendly education, safe learning environments, promoting life skills and citizenship education for children in Egypt, Jordan, Saudi Arabia, Oman, Lebanon, and United Arab Emirates
Afreximbank to sign cooperation agreement with SCZone to further boost relations
Bank expects to finance factoring transactions for $76m for businesses in Egypt, five African countries in 2018, says president
iSharp to develop first smart educational city in Giza
Company plans to spread experience with Ministry of Education in future, says managing director
We have positive outlook for Egypt’s real estate sector: Alabbar
Opportunities available because Egypt considered promising country to invest in, says Emaar chairperson
Emaar, Misr El-Kheir sign protocol to develop ‘Boyout El Kheir’ project
The cooperation is under the supervision of Ministry of Solidarity and the first phase includes developing 1000 units and providing 500 projects for low-income families.
EGP 2bn sales of Pukka project in New Administrative Capital
Project being built over four phases with investments of EGP 4bn
No withdrawals from New Administrative Capital project: ACUD spokesperson
No new real estate developers asked to withdraw from the New Administrative Capital project, according to Administrative Capital for Urban Development (ACUD) spokesperson Khaled El Hosseini. El Hosseini told Daily News Egypt that the ACUD did not receive any requests to withdraw from developing the land in the capital except for Novus Stanza Properties. El …
New Cairo City Authority to offer land for investors: Saad El-Din
Budget for New Cairo City includes EGP 8bn for housing projects for all community segments
Cairo Capital to launch first phase of Infinity project next month
Brickzey exclusively markets IL Mondo project for El Eman Construction company
EU, European financial institutions provide €475m to mobilise SMEs
Particular attention will go to aspects of inclusiveness, growth, job creation targeting youth, women