News / Egypt

Elsewedy’s Unit, Geocycle, Lafarge Egypt to Foster Green Transformation At Sokhna 360

Under the MoU, Geocycle, a provider of sustainable waste management solutions, will integrate green and eco-friendly solutions by contracting with factories in Sokhna 360 for the safe and sustainable management of industrial waste.

Palm Hills Development Records EGP 911 Mn Net Profit in 9 Months

New sales at Badya jump 109% YoY to EGP 4.2 bn in the first nine months of the year, while sales at Palm Hills New Cairo surge 99% YoY to EGP 3.3 bn.

PARAGON Inks Pre-Award Agreement with Schneider Electric to Construct Smart Buildings in NAC

Schneider Electric will supply advanced technologies to the Paragon 1 Admin building project, in partnership with a group of industrial and commercial customers.

Tatweer Misr Inks Egypt’s Sustainable Communities Initiative in COP27

The initiative allows for unification, coordination, and guiding actions of all stakeholders in sustainable construction.

REDCON, Schneider Electric Sign 2 MoUs for Sustainable Building in COP27

The platform will allow for control and maintenance of the project’s infrastructure, including electricity, heating, air conditioning, water, gas, data centers, databases, DCIM, traffic, security, and command and control centers.

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.

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