News / Construction

The Arab Contractors Wins Contract in Nigeria

The Oyo Ibada project stretches over 43 km with a width of 12.45 m for each side of the road.

People & Places Inks EGP 1.6 Bn Contracts for The Med Project

Launched in the summer of 2022, the MED’s first phase is designed by ALCHEMY ARCHITECTURE, incorporating contemporary Mediterranean architecture to include “Mediterranean villas” with direct beach views, and “Waterfall villas” with private beach lagoons and direct views over swimmable lagoons and waterfalls.

Dubai Real Estate Market Likely to Grow 46% YoY in 2023

Prices in Palm Jumeirah soar 59% while prices in the Trade Center First skyrocket 210%.

HHD Opens EGP 60 Mn Phase I of Maryland Park Development Project

The first phase includes around 14 feddans, out of the park’s total area of 44 feddans, in partnership with major companies.

Concept Developments Starts Construction of SENET 1 in NAC’s Downtown

Chairman of Concept Developments, Ehab Aboelmagd, comments that the company plans to accelerate the project's implementation while maintaining the highest quality.

Real Estate Development Chamber Announces Achievements in 2022

Shoukry lists a series of successes achieved by the chamber over the year including the cabinet’s approval of extending project implementation for developers for 6 months.

TMG’s Consolidated Net Sales Rise 16% YoY in 9 Months

Fixed revenue of the real estate sector grows to EGP 10.7 bn in the nine-month period that ends on September 30th from EGP 9.1 bn the year before.

Times Developments Adopts Sustainability in New Cairo Coming Project

Located in New Cairo’s Gold Square district, the multi-purpose project’s investment cost amounts to around EGP 3 bn and the first phase thereof will be tendered to contractors in the coming period.

Elsewedy’s Unit, Geocycle, Lafarge Egypt to Foster Green Transformation At Sokhna 360

Under the MoU, Geocycle, a provider of sustainable waste management solutions, will integrate green and eco-friendly solutions by contracting with factories in Sokhna 360 for the safe and sustainable management of industrial waste.

PARAGON Inks Pre-Award Agreement with Schneider Electric to Construct Smart Buildings in NAC

Schneider Electric will supply advanced technologies to the Paragon 1 Admin building project, in partnership with a group of industrial and commercial customers.

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