News / Construction

Sinai Cement Calls for Urgent Action on Overcapacity

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.

Orascom Construction Sees 8.2% Rise in H1 2020 Revenues

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.

Hassan Allam, Al Fanar Join Forces for Toskha Project

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.

Hassan Allam to Construct New Railway Station in Giza

Hassan Allam Holding (HAH) was awarded the design and construction of Bashteel Railway Station in Giza, west Cairo, under the supervision of Transport Ministry and National Railways Authority of Egypt.

Gov’t Figures Fees for Reconciliation in Building Code Violations

Prime Minister Mostafa Madbouly said values of “seriousness” fees required for offenders seeking to settle building code violations have been determined, whereby the current backlog of 325,000 such applications can start paying their charges on July 15.

Orascom Donates Emergency Unit in Qasr El Aini Hospital

Egypt-based Orascom Construction has successfully funded, built, and fitted a new 170-square-meter Emergency Gynaecology Unit at Qasr El Aini Hospital in Egypt.

Egypt’s Construction Sector to Become the Top in the Region by 2029, Fitch

Fitch Solutions’ BMI Research expected Egypt’s construction sector to grow by 9% on an annual basis within 2020 and 2024, in spite of the slowdown due to the current pandemic in the short term, Invest-Gate reports.

FEDCOC Respond to The Latest Construction Halt Decree

Mamdouh Badr El-Din, Federation of Egyptian Chambers of Commerce Real Estate Investment Chamber head, declared that the recent six-month- construction permits ban will negatively affect on the sector and customer alike; and causes a rise in the unemployment rate in the construction sector, Invest-Gate reports.

Orascom Construction Posts USD 599.2 mn New Awards in Q1 2020

Orascom Construction (OC) has reported consolidated new awards of USD 599.2 mn (EGP 9.5 bn) in Q1 2020, compared to USD 480.7 mn (EGP 7.6 bn) in the corresponding period last year.

GCC Records USD 5.5 bn New Projects in April

GCC has witnessed the release of USD 5.5 bn worth of new projects in April, primarily driven by Saudi Arabia which contributed to 67% of the total value of additions.

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