Features / building materials

Egyptian Developers Defy Economic Conditions with EGP 71 Bn in Q1 Sales

The Egyptian real estate market has faced numerous economic challenges in 2022 that have negatively impacted sales. High inflation, currency depreciation, and interest rate hikes have reduced the purchasing power of both local and foreign buyers.

Experts: Building Materials Price Instability Threatens Real Estate Investors

The outbreak of the Russian-Ukrainian war in February 2022 and the resulting disruption of supply chains put more pressure on input prices worldwide, pushing inflation rates to record levels. Egypt also had to face the consequences of this war.

Lafarge Contributes in Cairo Metro With Over 900,000 M³ of Concrete: Lafarge Egypt CEO

In an interview with Invest-Gate, CEO of Lafarge Egypt Solomon Baumgartner Aviles underlined the latest projects in which his company’s cement has prevailed. He discussed the potentials in Egypt and shared the hardships the industry is going through, while also disclosing the company’s initiatives to reinforce community protection post coronavirus outbreak, along with the precautionary measures adopted by Lafarge Egypt to maintain the safety and wellbeing of its employees.

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