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Construction Firms Currently Implement EGP 2 trn Projects: Official

Daker Abdellah, a member of the board of directors of the Egyptian Federation for Construction and Building Contractors (EFCBC), said Egypt-based construction companies are currently implementing 11,000 projects worth nearly EGP 2 trn.

Gov’t Provided EGP 14 bn Mortgage Finance Till June-End 2018: Minister

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said EGP 14 bn worth of mortgage finance support has been provided till the end of June 2018, while the value of financial support to beneficiaries of the social housing project amounted to approximately EGP 2.6 bn.

TAMEER Sees 64% Rise in 2018 Consolidated Sales, Profits

Egypt's real estate development and investment company TAMEER achieved a growth rate of 64% in its consolidated sales and profits to total EGP 742 mn for 2018, compared to EGP 453 mn in 2017.

Lafarge Egypt Chosen Cement Supplier to CSCEC’s Projects in NAC

Lafarge Egypt, a member of LafargeHolcim Group, has been chosen by the China State Construction Engineering Corporation (CSCEC) to be the sole cement supplier for the latter's projects being implemented at the Central Business District (CBD) in the New Administrative Capital (NAC).

Palm Hills, Sarwa Capital Seal Securitization Bond Issue

Egypt's Palm Hills Developments uncovered on March 6 closing its latest securitization bond issue with Sarwa Capital Holding for Financial Investments, backed by receivables portfolio of EGP 760 mn in some of the former's projects.

Cityscape to Explore Property Landscape With 3 Regional Shows

Informa Middle East, the organizer of the Cityscape portfolio of events, will host a trio of back-to-back events across Egypt, Saudi Arabia, and the UAE during the period from March 24 to April 18.

Gov’t Targets Doubling Egypt’s Habitable Areas: Minister

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said the state aims to increase Egypt's inhabited land to 12-14%, as only 6-7% of the country's total land area is currently habitable, in order to achieve the objectives of Egypt's National Strategic Plan for Urban Development 2052.

JLL Reveals Key Expectations for Cairo’s Real Estate Market

JLL, a real estate investment advisory firm, expects the Egyptian residential sector to see growing foreign investor confidence in 2019 for its positive performance throughout the prior year.

Aristo Developers to Open 1st Branch in Egypt Next Week

Aristo Developers' Representative for the Middle East and Arab Countries Issam Nasser has revealed the company's plans to launch its new branch in Egypt during the week starting March 10.

Gov’t Plans to Establish 400,000 Units in NAC by Mid-2020

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has announced plans to finalize the construction and operational works of more than 40,000 residential units in the New Administrative Capital (NAC), in addition to a number of utility and service projects, by the end of June 2020.

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