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Emaar Misr – El Nasr Conflict Resolved

The conflict between Emaar Misr and El Nasr Housing has been resolved, Minister of Business Sector Khaled Badawi confirms

SODIC to Invest up to EGP 1 bn in Land Purchase This Year

Egypt's real estate developer Sixth of October for Development and Investment Company (SODIC) is planning to invest between EGP 900 mn and EGP 1 bn to expand their land bank in 2018

Hassan Allam Wins Waste Treatment Plant Contract in New Capital

Egypt’s Hassan Allam Construction (HAC) won a contract to construct a 250,000 cubic meters per day water treatment plant in the New Administrative Capital of Egypt on Saturday, May 19

El Mostakbal City Sees EGP 5 bn Investments in Facilities, Infrastructure

  • Wednesday, 23rd May 2018
  • by Hussein

El Mostakbal For Urban Development has held a community consultation session to present the construction plan of their El Mostakbal City

Orascom Logs 13.9% Net Profit Increase in Q1-18

Egypt's Orascom Construction recorded an increase of 13.9% year-on-year (YoY) in its net income attributable to shareholders to amount to nearly USD 32 mn in Q1-18 versus USD 28 mn in the same-prior year

Egypt, Russia to Sign Deal for USD 7 bn Industrial Zone

Egypt and Russia are set to ink an intergovernmental agreement on Wednesday, May 23, to establish an industrial zone in the East Port Said region, aiming to attract USD 7 bn worth of investments

Arabtec to Build Two New Phases in Uptown Cairo

UAE-based construction company Arabtec Holding has secured a deal with the Egyptian arm of Dubai-based Emaar properties, Emaar Misr, to carry out two projects for them

IMF, Egypt Reach Staff-Level Agreement on Next Loan Disbursement

The International Monetary Fund (IMF) staff team and the Egyptian officials have reached a staff-level agreement on the third review of Egypt’s economic reform program

EFG Hermes Unveils USD 300 mn Education Platform in Egypt

Egyptian investment bank EFG Hermes has entered into an exclusive partnership agreement with Global Education Management Systems (GEMS Education) to jointly establish an investment platform worth USD 300 mn, targeting the basic education sector in Egypt

Arab Contractors to Sell 4% Stake in El Mostakbal

Arab Contractors, an Egyptian construction and contracting company, will sell 4% of its shareholding in El Mostakbal for Urban Development to two local banks

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