News / Construction

Orascom to Achieve Up to EGP 3.5 bn Revenues in 2018: Official

Osama Bishay, managing director of Orascom Construction Company, has expected the company's consolidated revenues to range between EGP 3 bn and 3.5 bn in 2018.

Construction Works Start at NAC’s Central Park

Minister of Housing, Utilities and Urban Communities, Moustafa Madbouly witnessed the launch of construction works at the Central Park (green river) in the New Administrative Capital (NAC).

Pyramids Developments Begins Work on NAC’s Grand Square Mall

Egypt-based Pyramids Developments has commenced drilling works at its new project, Grand Square Mall, the first commercial administrative medical mall in the New Administrative Capital's (NAC) Central Business District (CBD).

Nakheel Starts Work on Palm Tower Infinity Pool

Dubai-based property developer Nakheel has commenced construction works of its rooftop infinity swimming pool at The Palm Tower, its 52-story, luxury hotel and residential complex at the heart of Palm Jumeirah, Dubai

Liquidity Shortage Threatens Egypt’s Construction Sector in 2019: Official

Daker Abdellah, a member of the board of directors of the Egyptian Federation for Construction and Building Contractors (EFCBC), said the country's construction sector will face challenges in 2019, as a result of a shortage of liquidity due to delayed payments of contracting companies’ dues

Kuwait’s NREC Unit Signs Deal to Develop Some Housing Units in Egypt

Kuwaiti National Real Estate Company’s (NREC’s) unit Wadi El Nile Urban Development has signed a partnership agreement with Baderddin Group to develop part of Egypt’s housing units

ACUD, Petroleum Ministry Ink Deal for First Cooling District in NAC

Egypt's property developer Administrative Capital for Urban Development (ACUD) has inked a deal with the Egypt's Petroleum Ministry to establish the first cooling district in the New Administrative Capital (NAC), with the project's first phase to be implemented with investments valued at EGP 2.5 bn

National Projects Revitalize Egyptian Construction Market: Arab Contractors

Arab Contractors Chairman Mohsen Salah said Egypt's vast series of national projects over the past years has contributed to revitalizing the country's construction market and ending a colossal chunk of its stagnation crises

ABB Relocates its Headquarters to New Smart Building in New Cairo

Swiss-Swedish engineering giant ABB Group has announced that it has relocated its Egypt-based branch to a new administrative headquarters in New Cairo, on 90th Street, on an area of 8,400 square meter

New Administrative Capital to Soon Embrace 1st German University

A high-level German delegation is looking forward to establishing the first international German university in the new capital, head of the New Administrative Capital Authority said on November 13

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