News | Egypt
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Developers
Magdi Yacoub Heart Center to be Built by Orascom Construction
Wednesday, 3 March 2021
Magdi Yacoub Heart Foundation Board announces the selection of Orascom Construction to build the Magdi Yacoub Global Heart Center in the 6th of October City in Cairo, Invest-Gate reports.
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Developers
Vantage Developments Finalizes 60% of Century City with EGP 1.25 bn
Thursday, 18 February 2021
Vantage Developments finalizes 60% of New Cairo's Century City with investments worth EGP 1.25 bn, and delivery begins in 2023, Invest-Gate reports.
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Developers
El Attal Holding’s Unit Secures EGP 1.2 bn Tenders in 2020: Chairman
Tuesday, 22 December 2020
El Attal Holding Chairman Ahmed Elattal has uncovered that his company’s building arm, Attcon Constructions, has been awarded contracts worth EGP 1.2 bn in 2020.
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Government
Gov’t Reviews Ways to Create New Construction Permit System
Sunday, 13 December 2020
An expanded ministerial meeting to discuss ways to develop a new construction permit system that tightens control procedures, particularly using modern technology, bidding to move ahead of the six-month conceptual planning phase to fast-track urbanization.
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Hassan Allam Construction Gets Work on New Hospital in West Cairo
Tuesday, 8 December 2020
Egypt's Hassan Allam Holding (HAH) has announced that its subsidiary, Hassan Allam Construction (HAC), was awarded work on foundations and skeleton frames for the Baheya Foundation’s new hospital branch in Sheikh Zayed, west Cairo, specialized in the treatment and early detection of breast cancer.
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Infrastructure
Orascom’s Consortium Gets USD 800 mn Award for Cairo Metro Line IV
Thursday, 26 November 2020
A consortium of Egypt-based Orascom Construction (OC) and Japanese conglomerate Mitsubishi Corporation was awarded a USD 800 mn (EGP 12.5 bn) contract to execute work on the first phase of the Cairo Metro Line IV.
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Developers
Constec & SAE Implement a Part Of the Administrative Attaché of the Arab League
Monday, 19 October 2020
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.
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Sinai Cement Calls for Urgent Action on Overcapacity
Wednesday, 9 September 2020
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.
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Orascom Construction Sees 8.2% Rise in H1 2020 Revenues
Tuesday, 1 September 2020
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.
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Hassan Allam, Al Fanar Join Forces for Toskha Project
Monday, 31 August 2020
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.
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Last Modified March 3, 2021