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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 …
41.7%, increase in value of implemented operations in building and construction sector by private sector in 2016
The Central Agency for Public Mobilisation and Statistics (CAPMAS) issued on Monday its annual bulletin of building and construction statistics for private sector companies in 2016. The statistical bulletin stated that the value of building and construction operations that have been implemented by private sector companies increased by 41.7% to reach EGP 56.4bn in 2016, …
‘Concept’ pumps EGP 20m in Siela Resort first phase construction
Concept Real Estate Group pumped EGP 20m into construction works of the first phase of the Siela Resort North Coast project, according to Siela Chairperson Ehab Abou El Magd. Abou El Magd added that Concept has completed the infrastructure of the project and concrete works of the first phase’s buildings. The Siela project is located …
Small construction companies demand banks to support them
The small and medium-sized companies working in the construction sector demanded that the financing obstacles faced by these companies, especially the serious companies qualified to participate in the development plan adopted by the state, be canceled. According to Daker Abd Allah, a member of the board of directors of the Egyptian Federation For Construction & …
Chinese investor urges increasing construction part in $17m project
The Sound, Light, and Cinema Company owns the project’s land of 42,000sqm
Construction prices increased by 35-40% after devaluation of EGP: developers
The supply of real estate units in only 6 months is equal to the supply in previous10 years, says Ismail
16.3% increase in public sector’s construction operation value in 2015/16
Total value of roads, bridges, and tunnels reached EGP 8.7bn, up from EGP 7.8bn in 2014/15
Compensation Law rescues 5,000 construction companies from bankruptcy: Egyptian Federation for Construction
Sahl Al Damrawi, member of the Egyptian Federation for Construction and Building Contractors, said that the issuance of the Compensation Law saved more than 5,000 construction companies from bankruptcy and the laying off thousands of workers. Al Damrawi said that these companies were challenged with the rise of all prices of building materials, which have …
Payment of compensation for construction companies in August: deputy housing minister
Prolongation of the disbursement period will not solve the crisis, as there were promises by the government to pay these companies 16 months ago, says Al Damrawi
Construction companies face significant losses due to delayed compensation: Egyptian Federation for Construction
Construction companies have been waiting for the payment of compensation for more than a year, and not one pound has been disbursed so far, says Al Damrawi
Fuel prices increase construction costs by 15%
Recent economic reform decisions raised administrative expenses and profits of contracting companies by 30%, says Abdellah
From flotation to energy price hikes: how construction materials companies are affected
The Egyptian state is seeking to reduce fiscal expenditures through fuel subsidy restructuring
Dar Misr auctions increased prices of commercial units in new cities
Brokers increased the value per square metre to record levels, provided resale offers after the auction
Hyde Park to offer new tenders to speed up construction process
The company says it has received all the necessary licences for its project and will take legal action against those who aim to affect its interests