News / Construction

SODIC Assigns CONSTEC to Construct New Project Within SODIC West

Six of October Development and Investment (SODIC) and Construction and Design (CONSTEC) inked on April 20 an EGP 210 mn construction contract for a residential project within SODIC West compound in Sheikh Zayed city, west Cairo.

HAH, Abdul Latif Jameel to Develop Water Projects in Egypt

Cairo-based Hassan Allam Holding (HAH) has formed a joint venture (JV) with Abdul Latif Jameel Energy to provide upstream solutions form municipal and industrial clients, including water and wastewater management.

Orascom Construction Net Profit Soars 84% in FY 2018

Egypt's Orascom Construction logged a sharp rise of 84% in net profits for FY 2018 to record USD 144.7 mn, compared to USD 78.5 mn a year earlier

Construction Firms Currently Implement EGP 2 trn Projects: Official

Daker Abdellah, a member of the board of directors of the Egyptian Federation for Construction and Building Contractors (EFCBC), said Egypt-based construction companies are currently implementing 11,000 projects worth nearly EGP 2 trn.

Lafarge Egypt Chosen Cement Supplier to CSCEC’s Projects in NAC

Lafarge Egypt, a member of LafargeHolcim Group, has been chosen by the China State Construction Engineering Corporation (CSCEC) to be the sole cement supplier for the latter's projects being implemented at the Central Business District (CBD) in the New Administrative Capital (NAC).

Dubai Likely to Finalize Over 47,000 Units in 2019

UAE-based Property Finder has expected the number of completed residential units in Dubai to exceed 47,000 during the current year, following the finalization and delivery of around 21,014 residential units in 2018's third quarter.

Majid Al Futtaim’s 1st Mall in Abu Dhabi to Open in Q2 2019

Dubai-based Majid Al Futtaim, the leading shopping mall, retail, and leisure pioneer across the Middle East, Africa, and Asia, has announced that work is progressing on schedule at its first shopping mall in Abu Dhabi, My City Centre Masdar, which is set to inaugurate in Q2 2019.

Lafarge Egypt Targets 6 mn Tons of Cement Sales in 2019

Lafarge Egypt said it targets sales of 6 mn tons of cement in Egypt during 2019

Gov’t to Provide Export Incentives for Construction Sector: Official

Khaled Abbas, deputy minister of housing for national projects, said that the housing ministry is currently seeking to provide export incentives to support the construction sector.

Wadi Degla Starts Work on Promenade Maadi

Egypt-based Wadi Degla Developments has commenced work on a new luxurious residential compound dubbed "Promenade Maadi," with investments worth EGP 350 mn.

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