News / Construction

Samcrete Posts Higher Profits in Q1

Egyptian construction and development company Samcrete Egypt Engineers and Contractors posts a 2820% year-on-year rise in its standalone profits in the first quarter of 2017, Invest-Gate reports.

Egypt’s ECG: Works Will Go On In Qatar Despite Rift

Egypt-based Engineering Consultants Group (ECG) is committed to continuing its works in Qatar despite Cairo’s recent decision to break off relations with Doha, Reuters reports.

Egypt Imposes Tariffs on Chinese, Turkish, Ukrainian Steel

The Egyptian Trade and Industry Ministry is imposing temporary import tariffs on steel from China, Turkey and Ukraine, Invest-Gate reports.

El-Saeed Contracting Shareholders Approve Capital Hike

Egypt’s El-Saeed Contracting and Real Estate Investment Company is to raise the issued and paid-up capital to EGP 709.65 mn from EGP 665.297 mn, Invest-Gate reports.

HDB Profits Grow 203% in Q1

Egypt’s Housing and Development Bank (HDB) posts consolidated profits of EGP 556.8 mn in Q1 of 2017, up 203% y-o-y from EGP 183.7 mn, Invest-Gate reports.

HHD Allocates EGP 50 mn to Develop Land Plot in New Cairo

Egypt’s Heliopolis for Housing and Development (HHD) is allocating EGP 50 mn from its investment budget for FY2017-18 to provide its land plot in New Cairo with basic facilities, Invest-Gate reports.

NBE Offers EGP 200 mn Funding to Social Housing Project

The National Bank of Egypt (NBE) will donate EGP 200 mn to finance the construction of “Ahalina” social housing project, Invest-Gate reports.

The Big 5 Construct Egypt to Convene in Cairo

Professionals, decision-makers and exhibitors from the global construction sector will gather in Cairo in September, 2018 to explore business opportunities within the country’s rapidly growing market at the launch of The Big 5 Construct Egypt exhibition, Invest-Gate reports.

Egypt Launches 16,900 Social Housing Units Worth EGP 2.3 bn

The government launches 16,900 social housing units worth EGP 2.3 bn in nine new cities, Invest-Gate reports.

Heliopolis Housing to Ink EGP 500 mn Lease Agreement Tomorrow

Egypt’s construction company Heliopolis for Housing and Development will sign a lease agreement with Al-Oula - El-Taamir for Mortgage Finance tomorrow, Invest-Gate reports.

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