Construction News
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New Administrative Capital company to name int’l IPO advisor in 3Q of 2024
Abbas estimated the ACUD assets at around EGP 300 billion. Their value is expected to triple following the liberalization of the local currency.
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Egypt’s steel rebar production up 24.3% YoY in Q1
The surge in production was driven by the decline in prices over the past two months as well as the availability of US dollar liquidity.
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Egypt collects US$12 billion in revenues from Ras al-Hikma
The nation’s economic and financial performance is improving, he assured, adding that “we expect better indicators than the target by the end of June.
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Ajlan & Bros Group plans to invest $1.5B in Ras Jamila in Egypt
The group also submitted an offer to acquire companies within Egypt’s IPO program, expecting negotiations to be completed within 6 months.
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Egypt won't consider any offers for Ras Gamila development until selection of advisory firm
Situated in Sharm El-Sheikh on the Red Sea, Ras Gamila holds significant potential for development.
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UAE-based Freezoner, IFZA team up to showcase investment opportunities in Egypt, UAE, Saudi Arabia
Scheduled for 30 April, in Cairo, the event aims to delve into investment prospects and feasibility of establishing companies in Egypt, UAE and KSA.
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Egypt sets EGP 100M as minimum capital for real estate financing companies
This increase can be fulfilled through cash or its equivalent in foreign currencies at the exchange rate announced by the Central Bank of Egypt (CBE).
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Saudi: Red Sea awards Egypt firm Amaala Triple Bay hotel additional contract
These include the Four Seasons Hotel, Rosewood Residence and Hotel, Six Senses Residence and Hotel, and a medical wellness resort also in Triple Bay.
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Egypt: Three companies propose to participate in New Heliopolis City project
Heliopolis Company for Housing and Development announced that the financial evaluation is expected to be concluded by the end of April 2024.
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Banks, companies contribute EGP 68.85bn to mortgage finance initiative for low-income individuals in Q1 2024
Amlak Mortgage Finance disbursed EGP 252.133m to 2,320 clients, while Tamweel Mortgage Finance allocated EGP 68.666m to 602 clients.
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Egyptian government plans to build 1K smart houses in New Alamain
Twenty-five percent of the city's surface area will be an industrial zone located in the southern section in the desert.
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Egypt’s Forbes International Tower wins ‘best commercial skyscraper in Africa’ award
IDSC said that the Forbes International Tower faced intense competition against five major international projects spanning four continents.
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New Administrative Capital prepares for President’s Inauguration Ceremony
The House of Representatives will hold the swearing-in session at its new headquarters in the New Administrative Capital.
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Hisham Talaat Mostafa named most influential real estate developer in Middle East by Forbes
Forbes attributes this distinction to Talaat Mostafa’s remarkable success over four decades in leading the Talaat Mostafa Holding Group.
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Are you a foreigner who wants to buy land in Egypt? here's what you should know
Egypt has embarked on a groundbreaking initiative to open up designated plots of land to foreign businesses, allowing transactions in US dollars.
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Rising revenue in US offsets decline in Egypt for Orascom
Orascom is building the longest monorail system in the world. The first line runs 54km from East Cairo to the New Administrative Capital.
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Egypt’s New Administrative Capital: In pictures
Egypt is building a new city, known as the "New Administrative Capital," 30 miles east of Cairo.
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French Saint-Gobain establishing €175 million glass factory in Egypt
French construction materials group Saint-Gobain laid on Wednesday the foundation for its third glass factory within Egypt’s Al-Ain Al-Sokhna zone.
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Housing ministry: Egypt works for supporting LCBI
Egypt is relentlessly working for supporting the Low Carbon Building Initiative (LCBI), while trying to secure affordable housing.
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Egypt and Saudi Arabia Cooperate to Build a Vibrant Hub in Downtown Cairo
The project is meant to cover the expansive 16,500 square meters of land with a vibrant hub for startups and innovation.