Egypt-based Orascom Construction has announced adding new contracts worth USD 475 mn to its backlog during the first quarter of 2019, driving the company’s consolidated backlog to hit nearly USD 4.2 bn as of March 31.
Egypt signed on April 28 a USD 3 bn loan with the Industrial and Commercial Bank of China (ICBC) to finance the designing and establishment of the Central Business District (CBD) in the New Administrative Capital (NAC), east Cairo.
The New Urban Communities Authority (NUCA) has allocated 113 plots, with a total area of 2,530 acres, in 24 new cities during 2018, in a bid to meet the country's investment demands and accelerate the development of new cities
Assem El Gazzar, minister of housing, utilities, and urban communities, has revealed that JANNA luxury housing project will boast 4,920 fully-finished residential units in west Cairo's Sheikh Zayed.
Egypt's mixed-use developer Marakez has awarded Hassan Allam Construction, a subsidiary of Hassan Allam Holding (HAH), the construction work of AEON Towers in West Cairo, Invest-Gate reports.
Oriental Weavers Group unveild its 10.5 mn square meter Orientals Industrial City (OIC), with investments worth EGP 13 bn, in Ain Sokhna
Egypt’s community developer Capital Group Properties (CGP), a subsidiary of Abu Dhabi Capital Group and Al Ain Properties, is partnering up with Emarat Misr to establish an a multi-service station at its Alburouj development in east Cairo, near Shorouk City
Misr Italia Properties has commenced the construction of VINCI boutique residential project in the New Administrative Capital (NAC), with investments worth EGP 500 mn.
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said a total of 6,912 social housing units, situated within 288 buildings, have been completed at New Tiba
Head of El Shorouk City Authority Abdul Raouf El Gheity said the authority is currently building four new schools as part of its keenness to support the development of the city's education system.
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