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Sinai Cement Calls for Urgent Action on Overcapacity

Country Manager at Sinai Cement Company Tamer Magdy has called for immediate action by the Egyptian government to address the current local industry crisis, as the gap between the excessive supply and lagging demand widens.

Lions Group Acquires Plots for EGP 50 mn West Cairo Project

Egyptian real estate developer Lions Group has acquired six land plots on the Cairo-Alexandria Desert Road to carry out a residential project in west Cairo's 6th of October City, at an estimated cost of EGP 50 mn.

Hyde Park Rolls Out New Project in West Cairo

Hyde Park Developments continues with its urban expansion plans and heads west Cairo with "Tawny,” its latest villas-only project in 6th October City.

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.

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