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$460m loan from Japan to finance construction of Grand Egyptian Museum

Minister of International Cooperation Sahar Nasr and Japanese ambassador to Egypt Takehiro Kagawa signed on Monday a $460m loan to finance the second phase of the Grand Egyptian Museum. Minister of Antiquities Khaled El-Anany also signed the loan agreement for the project with Teruyuki Ito, chief representative of the Japan International Cooperation Agency (JICA). Nasr …

Hisham Salah

Hyde Park offers 9 tenders to speed up construction, finishing

Hyde Park New Cairo announced it would offer five tenders to speed up the construction and finishing of its project’s units. The move comes as an attempt to fulfill the company’s obligations towards its clients, as the units are expected to be delivered within a few months. In a press statement, the company said that …

Daily News Egypt

Public sector carries out construction worth EGP 20.6bn in 2014/2015: CAPMAS

The construction operations of the public sector increased by 31.3% from fiscal year (FY) 2013/2014 to FY 2014/2015, according to the Central Agency for Public Mobilisation and Statistics (CAPMAS). The total value of construction works rose from EGP 15.7bn to EGP 20.6bn. CAPMAS’ Annual Statistical Bulletin of building and construction for public/public business sector companies …

Hossam Mounir