News / Egypt

Central Agency for Reconstruction Executes 87 Projects in Beni Suef

Al-Gazzar notes that the CAR executes projects in 25 cities in 10 governorates including more than 740 villages under the first phase of the Descent Life presidential initiative.

Elsewedy Electric, Deutsche Bahn Initial 15-year Agreement for High-Speed Electric Train

“The new high-speed rail network aims to improve traffic safety and curb air pollution, aligning with the Egyptian government’s efforts to develop the sustainable transportation sector and expand environmentally-friendly mass transportation in major cities,” President and CEO of Elsewedy Electric, Ahmed El Sewedy, notes.

Arab Developers Holding Generates EGP 1.4 Bn Contractual Sales in 9 Months

Ayman bin Khalifa, CEO of ADH, says that the company will continue implementing its strong strategy to boost profits and sales despite global economic challenges.

Deputy House Minister Signs Financing Agreements Under Nouwfi Program

Ismail signs a letter of intent (LOI) with the African Development Bank (ADB) for building 5 solar-powered water desalination plants with a total capacity of 525,000 cubic meters in 4 governorates, with $625 mn in sustainable and green investments.

Ebny Real Estate Development Inks Consultancy Alliance for Project in New Sohag

Kamel reveals that the company implements its project in New Sohag, the Green Avenue, on 20 acres with EGP 1 billion in investments, noting that the project includes 31 residential buildings and 20 villas.

REDCON Signs Sustainable Communities Initiative Declaration During COP27

The initiative is intended at uniting, coordinating, and guiding stakeholders’ actions across the built environment value chain that will ensure the well-being of people and the planet through the construction and real-estate sector practices in Egypt.

Lozan Urban Development Establishes EGP 5 bn Methaq Development Company

The new entity is established by an Egyptian-Saudi partnership to develop several urban projects in Egypt in the coming period.

Lafarge Egypt Opens SwissCham Egypt’s Pavilion in COP27

Ignazio Cassis, President of the Swiss Confederation, praises the efforts of Swiss manufacturers paid to address climate change.

Orascom Construction’s Consortium Signs MoU to Build 3 GW Wind Farm in Egypt

According to the MoU, Orascom Construction will have an equity stake in the project and will execute the construction of the wind farm.

Madinaty Golf Club to Host Asian Tour Int’l Golf Tournament

Madinaty Golf Club will host the tournament during November 10th -13th, with the participation of more than 120 professional players.

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