News / Construction

Orascom Construction’s Consortium Signs MoU to Build 3 GW Wind Farm in Egypt

According to the MoU, Orascom Construction will have an equity stake in the project and will execute the construction of the wind farm.

JLL: Egypt’s Real Estate Market Sees High Activity in Q3

Buyers were being selective and mainly opted to purchase property from well-reputed developers with strong balance sheets.

Sinai Cement Launches Initiative to Plant 1,200 Trees in Arish, Bir El-Abed

Tamer Magdy, Managing Director of Sinai Cement, notes that the company set an integrated plan to develop the community in which it operates, especially in the area where its factory in North Sinai is located.

Steel Prices Jump EGP 2,000/Ton

Mohamed Hanafy, director of the Chamber of Metallurgical Industries, says that steel prices increased in the local market due to a group of reasons, including the rise in the USD exchange rate against the Egyptian pound and fluctuations in global raw material prices in the last two weeks.

Suez Cement Group, Intro Power to Build EGP 350 mn Solar Power Station

The new solar power plant will have the capacity to produce 45 gigawatts/hour of energy and offset 22,000 carbon dioxide emissions annually.

Cairo’s Office Sector Records Healthy Results in Q3 Despite Overall Sector Slowdown

In Q3, the average office rent in Cairo rises 5% YoY to about $347 per sqm annually.

PARAGON Developments Aims to Become Egypt’s Biggest Smart Developer

PARAGON Developments seeks to become the biggest developer of smart and sustainable projects in Egypt, the company’s CEO, Mohamed Bedeir, states on the sidelines of the roundtable organized by Invest-Gate on October 12th with the title “4th Generation Cities: Opportunities & Challenges”.

Urbacon Tops List of the Best Arab and African in ENR Ranking

Urbacon Trading and Contracting (UCC) ranked first in the Arab world, Africa, and 105 globally in the Engineering News-Record (ENR) international list of the best contracting companies in the world in 2022, Invest-Gate reports.

Cairo’s Hotel Sector Sees High Occupancy Rates in Q2

Cairo’s Hotel Sector’s occupancy rates climbs to 60% in Q2 2022, almost double the level as compared to the corresponding period of last year which stood at 32%, Invest-Gate reports.

The Big 5 Construct Egypt 2022 Announces its Impact Award Winners

The Big 5 Construct Egypt 2022 concludes with great success in gathering industry professionals from Egypt and beyond. The exhibition runs under the patronage of Prime Minister Moustafa Madbouly and hosts more than 250 companies from all over the world, Invest-Gate reports.

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