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365 Ecology Unveils New Subsidiaries in Egypt’s Property Sector

Egyptian engineering integrator 365 Ecology has announced the launch of two new subsidiaries, called "ECO IFM" and "ECO FLS," in a bid to serve the positive growth of local real estate and construction sectors, and go beyond the traditional realms of technical solutions.

Minister Tours Almost 29,500 Social Housing Units Underway in Badr City

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has followed up on work progress of almost 29,496 social housing units (1,194 buildings) located in the extension of Badr City, or "Capital Gardens."

El Gazzar Meets Export Council for Real Estate Investment Members to Address Property Export

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has met with members of the Export Council for Real Estate Investment to discuss future mechanisms to catalyze exporting real estate in Egypt.

Egyptian-Chinese Consortium to Build Ain Sokhna-Alamein Railway

An Egyptian-Chinese consortium has won a USD 9 bn (EGP 142.19 bn) tender for the design, finance, and operation of a high-speed rail, linking Ain Sokhna and New Alamein, with a speed of 250 kilometers per hour.

Elsewedy Electric to Build EGP 355.5 mn Substation in Sadat City

Elsewedy Electric's unit Elsewedy Electric for Trading and Distribution has announced an EGP 355.5 mn engineering, procurement, and construction (EPC) contract to establish a new substation in Sadat City, northwest of Cairo.

Maxim Signs Deals to Finalize Building of Bo Islands

Maxim Real Estate Investment (MREI) has signed some collaboration protocols with merely five Egypt-based real estate contractors to finalize construction of its integrated project on the North Coast, or "Bo Islands."

Gov’t Inks EUR 1.14 bn Operation Contract for Cairo Metro Line III

The National Authority for Tunnels (NAT) has inked a EUR 1.14 bn (EGP 21.4 bn) contract with French transportation firm RATP Dev to run and operate Cairo Metro Line III.

New Borg El Arab Sees EGP 5.33 bn to Date: Minister

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said Alexandria's New Borg El Arab is being developed as a full-service industrial city, incorporating 10 free zones and 45,054 residential units, with investments valued at EGP 5.33 bn thus far.

Gov’t Invests EGP 174 bn in Water, Sewerage Sector in 6 Yrs

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has confirmed that almost EGP 174 bn were invested in Egypt's potable water and sanitation sector in the last six years.

TMG Holding’s Unit Partners With 2 Banks for East Cairo Projects

Talaat Moustafa Group (TMG) Holding's unit the Arab Company for Projects and Urban Development has partnered with the National Bank of Egypt (NBE) and Banque Misr to develop projects in east Cairo's Rehab and Madinaty cities, at a total cost of EGP 4 bn.

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