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Orascom Development Sells EGP 360 mn Stake in Tamweel Group

Orascom Development Egypt (ODE) announces the signing of the final sale contract of all its stake in Tamweel Group for a total equity valuation of EGP 360 mn to a consortium of investors.

Madbouly Pays Construction Sites in 6th of October City A Visit

Minister of Housing, Utilities, and Urban Development Mostafa Madbouly visits the ongoing construction sites in 6th of October City near Ebny Beitak project among others

NUCA Reveals Implementation of 35 Projects in Egypt’s New Cities

The New Urban Communities Authority (NUCA) reveals that its planning and projects sector is progressing around 35 construction, service, and investment projects on a total area of 5,700 acres in 12 new cities to lure investments and open up new horizons for new cities’ development.

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

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