News / Egypt
Wadi Degla Eyes 2,500 Acres for New Projects using PPP system
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 Announces Increase of Assets in Q1 2016
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.
Construction in Administrative Capital Progressing
Egyptian construction companies are now close to finalizing the drilling operations required for construction of the residential block in Cairo’s new administrative capital.
Misr Italia Holding Signs Construction Deals worth EGP 250 M
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.
Egypt’s Ministers Fly to UAE to Boost Investment
Sahar Nasr, Minister of International Cooperation; Moustafa Madbouly, Minister of Housing, Utilities and Urban Development; and Mohammed Saphan, the Chairman of the Holding Company for Petrochemicals, arrived in Abu Dhabi on April 27 to follow up on potential UAE partnerships in development and investment projects.
Al-Ahly Real Estate Inaugurates Platinum Club worth EGP 350 M
Al-Ahly for Real Estate Development, an Egyptian-based real estate developer, inaugurated in April its first sport facility, ‘Platinum Club,’ in New Cairo.
Ministry of Interior Presents Security Needs for New Administrative Capital
Moustafa Madbouly, Minister of Housing, Utilities and Urban Development, in cooperation with the Ministry of Interior officials, reviewed the plan for the security needs of the new administrative capital, according to the requirements of the Ministry of Interior.
EMAC Completes 121 Buildings in Egypt’s Low-Income Housing Scheme
EMAC Contracting, an affiliate of Kuwait’s Al Kharafi & Sons Group, concluded the construction of 121 residential buildings for the low-income earners, reported Amwal Al Ghad.
Ministry of Housing Announces New Infrastructure Projects Worth EGP 1.8 B
The Minister of Housing, Utilities and Urban Communities, Moustafa Madbouly, announced that the ministry, represented by the Central Agency for Reconstruction, is preparing for the opening of a number of nationwide projects, at a cost of up to EGP 1.845 billion, to coincide with Sinai Liberation holiday celebrations.
