News / Egypt

L&T Construction to Build High Voltage Substation in Ain Sokhna

India's construction company L&T Construction, the construction arm of Larsen & Toubro, has won a project in Egypt

Gov’t Constructs 5936 Units in Aswan

The Housing Ministry has completed a number of social housing units in Aswan and New Aswan

Egypt’s Foreign Reserves Rose to USD 37.019 bn at End-December

Egypt’s net foreign reserves increased year-on-year at the end of December 2017

Elsewedy Unit to Develop 1.4 mn Square Meters in Al Sadat

SDM for Development and Management, a subsidiary of engineering services company Elsewedy Electric, has won a bid to develop 1.4 mn square meters in Al Sadat City

Egypt, EBRD Ink USD 200 mn Energy Efficiency Deal

Minister of Investment and International Cooperation Sahar Nasr has signed a USD 200 mn investment agreement with the European Bank for Reconstruction and Development (EBRD)

FY2017/18 Plan for New Cities 100% Completed: NUCA

The FY2017/18 development plan for new cities is 100% completed as of December 30, 2017

Gov’t Implements 5,256 Units in New Minya

A total of 5,256 social housing units are being implemented in New Minya, as part of the state's efforts to accommodate Egypt's growing population.

Hassan Allam Properties to Co-Develop Project in Mostakbal City

Egyptian developer Hassan Allam Properties (HAP) has partnered with El Mostakbal for Urban Development to co-develop 250-acre mixed-use project in Mostakbal City

Foreign Contributions to Egypt’s Bourse Reaches USD 414 mn in 2017

Net foreign contributions to the Egyptian stock market has reached EGP 7.4 bn (USD 414 mn) this year

MNHD Pre-Sales Up 46% in 2017

Egyptian real estate developer Madinet Nasr Housing and Development (MNHD) says its pre-sales rose in 2017 by 46% year-on-year

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