News / Construction

Al Fanar Agrees on EGP 5.5 mn Finishing Works in New Alamein

Al Fanar Contracting, Construction, Trade, Import, and Export Company has contracted with the consortium of the Consolidated Contractors Group (CCC) and HA Construction Company (HAC) for the execution of some finishing works in Downtown New Alamein, amounting to EGP 5.5 mn.

Now is Best Time to Expand Base of Contractors: Official

Mohamed Abdel Raouf, a member of the Egyptian Federation for Construction and Building Contractors, said the current time is the best to expand the base of contracting companies collaborating with the state in the coming development projects, Invest-Gate reports.

Elsewedy Electric Alliance Wins 1st Dry Port in Egypt

Elsewedy Electric has announced that its consortium with DB Schenker Egypt and 3A International was awarded the establishment of Egypt's first dry port in the 6th of October city

Orascom Construction Wins USD 770 mn New Awards in Q4

Orascom Construction has won approximately USD 770 mn (EGP 48.65 mn) of new awards added to its backlog in Q4 2019

Egypt One of Brightest Spots: GlobalData

Egypt is deemed one of the region's "brightest spots," where construction is expected to expand by an annual average of 11.3% between 2019 and 2023.

Middle East, Africa Report Declines in Hotel Pipeline: STR

The US-based hospitality sector analytics provider STR announced a 5.7% year-on-year (YoY) dip in the volume of rooms in the underway projects' final phase in the Middle East region last October, with Egypt coming last on the high performers list for having 4,976 keys underway, marking 2.9% of existing supply.

Orascom Construction Inks USD 1.3 bn Deals in Q3

Orascom Construction (OC) has signed new contracts worth USD 1.3 bn in Q3 2019, spiking by 150% year-on-year (YoY) and 39% quarter-on-quarter (QoQ)

Gama Construction to Execute EGP 1.5 bn Smart Village East

Egypt's real estate developer Capital Group Properties (CGP) has awarded an EGP 1.5 bn contract to Gama Construction for the execution of “Smart Village East Business Park," located west Cairo.

Orascom Construction, Siemens to Rebuild 1.6 GW Plant in Iraq

Egypt's Orascom Construction has announced that its consortium with Siemens signed an agreement with Iraq’s Ministry of Electricity to rebuild Baiji 1 and Baiji 2 power plants in northern Iraq, Invest-Gate reports.

Egyptian Construction Market Leads Africa in 2018: Deloitte

The latest edition of Deloitte's Africa Construction Trends report has indicated that Egypt leads Africa in the number and value of construction projects within a single country in 2018, scoring 9.5% of the total developments continent-wide during the year.

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