Constec Construction and Design S.A.E company have implemented a part of the administrative attaché of the League of Arab Nations, Invest-Gate reports.

Country Manager at Sinai Cement Company Tamer Magdy has called for immediate action by the Egyptian government to address the current local industry crisis, as the gap between the excessive supply and lagging demand widens.

Orascom Construction has unveiled posting an 8.2% YoY rise to USD 1.6 mn (EGP 25.8 mn) in its H1 2020 revenues, compared to USD 1.5 mn (EGP 23.7 mn) in the year-ago period, despite falling short in profitability.

Al Fanar for Contracting, Construction, Trade, Import, and Export Company (Al Fanar) and Hassan Allam Construction (HAC) have partnered for some civil works in Toshka in the southern desert of Egypt.

Hassan Allam Holding (HAH) was awarded the design and construction of Bashteel Railway Station in Giza, west Cairo, under the supervision of Transport Ministry and National Railways Authority of Egypt.

Prime Minister Mostafa Madbouly said values of “seriousness” fees required for offenders seeking to settle building code violations have been determined, whereby the current backlog of 325,000 such applications can start paying their charges on July 15.

Egypt-based Orascom Construction has successfully funded, built, and fitted a new 170-square-meter Emergency Gynaecology Unit at Qasr El Aini Hospital in Egypt.

Fitch Solutions’ BMI Research expected Egypt’s construction sector to grow by 9% on an annual basis within 2020 and 2024, in spite of the slowdown due to the current pandemic in the short term, Invest-Gate reports.

Mamdouh Badr El-Din, Federation of Egyptian Chambers of Commerce Real Estate Investment Chamber head, declared that the recent six-month- construction permits ban will negatively affect on the sector and customer alike; and causes a rise in the unemployment rate in the construction sector, Invest-Gate reports.

Orascom Construction (OC) has reported consolidated new awards of USD 599.2 mn (EGP 9.5 bn) in Q1 2020, compared to USD 480.7 mn (EGP 7.6 bn) in the corresponding period last year.