Abraj Misr, an Egypt-based real estate developer, signed contracts worth EGP 300 million for construction work in The Shore, its North Coast project, said Tarek Bahaa, Abraj Misr commercial director, according to Amwal Al Ghad.
Al Futtaim Real Estate intends to sign contracts worth EGP 1 billion in 2016, while also increasing investment in its Cairo Festival City projects by EGP 2 billion, for a total investment of EGP 19 billion, the company’s Managing Director Mohamed Al Mikawi told Daily News Egypt.
Orascom Constructions Limited, an Egypt-based construction company, acquired two contracts to develop the civil and track work of Cairo Metro Line III. The contracts are worth EGP 2.73 billion, reported Reuters.
The Chinese company CSCEC has finalized the design of the financial district in the new administrative capital project, which includes 12 ministries, as well as some government departments and bodies Khaled Abbass, Assistant to the Minister of Housing, told Invest Gate.
Wadi Degla Holding, an Egyptian real estate developer, is in discussions with the Ministry of Housing over 2,500 acres for new housing projects through the public-private partnership (PPP) system, Wadi Degla’s Chairman Maged Helmy told Amwal Al Ghad.
Emaar Misr for Development recorded an increase in assets in the first quarter of 2016 worth EGP 18.3 billion. This figure represents an increase of 4.6 percent, compared to EGP 17.5 billion pounds in the same period in 2015.
Misr Italia Holding, an Egypt-based real estate developer, signed construction deals worth EGP 250 million during the first quarter of 2016, said Mohamed Al Assal, Misr Italia’s Executive Chief, reported Amwal Al Ghad.