Hyde Park Signs New Agreement with 5 Contractors for New Cairo Project
Monday, 21st August 2017
Egyptian real estate developer Hyde Park Properties for Development (HPD) signs an agreement worth more than EGP 1.5 bn (USD 84.4 mn) with five local construction firms for its new project in New Cairo, Invest-Gate reports.
Saudi Aramco Launches Center To Facilitate Registration for Contractors, Suppliers
Tuesday, 21st March 2017
Saudi Arabia’s national petroleum and natural gas company Saudi Aramco launched on March 20 a center for contractors and suppliers to facilitate the registration process and help contractors reach the company, Invest-Gate reports.
Cabinet Approves Deadline Extension for Real Estate Projects
Sunday, 11th December 2016
Following numerous requests from contractors to postpone projects delivery dates, the Egyptian Cabinet has agreed to extend deadlines on real estate projects, according to Head of the Egyptian Federation for Construction & Building Contractors Hassan Abdel Aziz, Al Mal reported.
Saudi Aims to Pay Dues Owed to Contractors by Year’s End
Tuesday, 8th November 2016
Saudi Arabia's Council of Economic, Development Affairs on Monday decided to immediately start paying back dues to private construction and development companies, aiming to finish payments by the end of the year.
Madbouly Vows to Resolve Contractors’ Issues
Wednesday, 26th October 2016
Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly met with Hassan Abdelaziz, head of the Egyptian Federation for Construction and Building Contractors to resolve contractors’ issues, especially with regard to the increase of building material prices and the decrease of the Egyptian pound against the dollar.