Eight Tenders Offered for 97 Housing Units in Upper Egypt

• Sunday, 20th November 2016
• by Karim Mohy

Eight tenders were offered for 97 houses in villages in Assiut, Minya, Sohag and Qena, according to Mohamed Nasser, Head of the Central Agency for Development in the Ministry of Housing, Utilities, and Urban Communities.

Capital Group to Begin Construction for Alburouj First Phase

• Thursday, 17th November 2016
• by Karim Mohy

Capital Group Properties will launch construction in the first phase of their project Alburouj, under the name Acamar, at an investment cost of EGP 40 bn, according to Walid El-Hindi the company’s CEO.

Sodic Q3 2016 Net Profit up 38% y-o-y

• Wednesday, 16th November 2016
• by Karim Mohy

Sixth of October Development and Investment Company (Sodic) has recorded EGP 108 mn in net profit, marking a 38% year-on-year increase in the third quarter of 2016, according to an earnings release from the company on Tuesday.

ERC Records EGP 49.5 mn Revenues in Q3 of 2016

• Tuesday, 15th November 2016
• by Karim Mohy

The Egyptian Resorts Company (ERC) has recorded revenues of EGP 49.5 mn in the third quarter of 2016, compared to last year’s EGP 16.7 mn, according to its latest financial statement.

MNHD to Progress Work on Projects through Bank Loans

• Tuesday, 15th November 2016
• by Karim Mohy

Madinet Nasr for Holding and Development (MNHD) is seeking an EGP 2 bn loan through a banking alliance to implement various projects in the upcoming period, according to Ahmed El Hitamy Managing Director of the company.

Egypt’s Arab Contractors Completes Major Hospital in Kuwait

• Tuesday, 15th November 2016
• by Karim Mohy

Egypt-based Arab Contractors Company has completed the construction of Sheikh Jaber Al-Ahmad Al- Sabah Hospital in Kuwait, considered the world’s sixth largest hospital.

Samcrete Invests EGP 3.2 bn in Egypt’s Real Estate Market

• Tuesday, 15th November 2016
• by Karim Mohy

Samcrete Development will build residential units in its Pyramids Heights development in 6th of October City at a cost of EGP 1.2 bn and an office space complex at a cost of EGP 2 bn, according to the company’s Chairman Hisham El Kheshen.

Supply Exceeds Demand in Alexandrian Real Estate Market -Analysts

• Monday, 14th November 2016
• by Karim Mohy

Amid sharp fluctuations in the Alexandrian real estate market following the flotation of the Egyptian pound against the US dollar and the raising of fuel prices, a survey of industry experts by Al Mal suggests that supply of real estate in Alexandria has outpaced demand.

Karma Reveals Plans for New Residential Projects

• Monday, 14th November 2016
• by Karim Mohy

Karma for Real Estate is planning to implement touristic residential projects in several areas across the North Coast and Ain Sokhna, according to the company’s Chairman, Ahmed Mostafa.

Developers Postpone Sales to Re-price Products

• Monday, 14th November 2016
• by Karim Mohy

Several real estate companies have suspended sales of residential units to reprice amid increases in interest rates nationwide.