Steel Rebar Prices Up in Egypt on Import Tariffs

• Monday, 19th June 2017
• by Menna A. Farouk

 Steel rebars used in construction increase by approximately 17% in Egypt after temporary import tariffs on rebars from China, Turkey and Ukraine came into effect last week, Reuters reports.  

Egypt to Establish 20,110 Units in 16 Cities by Year-End

• Sunday, 18th June 2017
• by Menna A. Farouk

The government is to complete the establishment of 20,110 residential housing units in 16 governorates by the end of this year, Invest-Gate reports.

EGX Nods to Madinet Nasr Housing Capital Raise

• Sunday, 18th June 2017
• by Menna A. Farouk

Egyptian urban developer Madinet Nasr Housing and Development Company (MNHD) gets an approval from the Listing Committee of the Egyptian Exchange (EGX) to list the increase of its authorized capital, Invest-Gate reports.

Marseilia Egyptian Gulf Real Estate Investment Seeks Investment in Upper Egypt

• Sunday, 18th June 2017
• by Menna A. Farouk

Marseilia Egyptian Gulf Real Estate Investment is seeking to invest in three tourist projects in Egypt by the end of 2017, Invest-Gate reports.

Gov’t Offers 50 Plots of Land for Investors in New Cities

• Sunday, 18th June 2017
• by Nayrouz Talaat

The government is offering investors 50 plots of land in the coming days for establishing integrated residential projects, Invest-Gate reports.

NUCA, Canadian Transportation Firm ink MoU for Monorail Project

• Wednesday, 14th June 2017
• by Menna A. Farouk

Egypt’s New Urban Communities Authority (NUCA) and Canadian aerospace and transportation company Bombardier Inc. sign a memorandum of understanding (MoU) for a monorail project, Invest-Gate reports.

Samcrete Posts Higher Profits in Q1

• Wednesday, 14th June 2017
• by Menna A. Farouk

Egyptian construction and development company Samcrete Egypt Engineers and Contractors posts a 2820% year-on-year rise in its standalone profits in the first quarter of 2017, Invest-Gate reports.

Madinet Nasr Housing Records Bonus Shares on June 28

• Tuesday, 13th June 2017
• by Menna A. Farouk

Egypt’s Madinet Nasr Housing and Development says that the record date for its bonus shares is June 28, Invest-Gate reports.

South Korea’s LG Chem Wins Egypt Desalination Plant Supply Deal

• Tuesday, 13th June 2017
• by Menna A. Farouk

LG Chem, a South Korean company principally engaged in the manufacture of petrochemical materials, says it has been signed up by the UAE-based Metito as the sole supplier of reverse osmosis (RO) membranes for the upcoming seawater desalination plant that the global water treatment company is building in Port Said in Egypt, TradeArabia reports.

Gov’t to Deliver Land Plots in Badr City Early July  

• Tuesday, 13th June 2017
• by Menna A. Farouk

The Minister of Housing and Urban Development will start delivering 1,999 land plots in Badr City during the period from July 9 to October 31, Invest-Gate reports.