Revenues from Exporting Construction Materials Doubled in 2016

• Sunday, 25th December 2016
• by Farah Montasser

Egypt’s exports of construction and building materials has reached EGP 41.93 bn in 2016 compared to last year’s EGP 21.93 bn, according to Export Council for Building, Refractory and Metallurgy Industries (ECBM), reported Daily News Egypt

Green Square 2 Compound to be Launched in 2017

• Sunday, 25th December 2016
• by Farah Montasser

An Egyptian real estate company Al Ahly for Real Estate Development company is to deliver units in its new project Green Square 2 compound within 2017, reported Amwal El Ghad

Egypt Invests EGP 110 bn in New Cities

• Thursday, 22nd December 2016
• by Farah Montasser

The New Urban Communities Authority (NUCA) has currently invested EGP 110 bn to develop 30 cities across the country, featuring public services, facilities, and housing projects and another EGP 70 bn for basic foundations.

Azmeel to Expand its Investments in Gulf Countries

• Thursday, 22nd December 2016
• by Farah Montasser

Azmeel Group, real estate company, is to expand its investments in the Gulf, following its recent participation at Elite Real Estate Exhibitions (EREEX 2016) held in Qatar and Kuwait, according to Chairman Ahmed Shaheen, reported Amwal El Ghad

Nine Touristic Villages at Galala Mountain Are Up for Grabs

• Thursday, 22nd December 2016
• by Farah Montasser

Around nine touristic villages, part of Galala Mountain Development Project in Ein Al Sokhna, will be offered for developers, reported Al Mal

Four Land Plots to be Offered in Beni Suef

• Thursday, 22nd December 2016
• by Farah Montasser

The governorate of Beni Suef, in Upper Egypt, will be offering four land plots, ranging from 2,900 to 4,600 square meters, for commercial use next February, according to Al Borsa

Egypt to Partner with Saudi Arabia for Housing Projects

• Thursday, 22nd December 2016
• by Farah Montasser

Egypt and Saudi Arabia are joining forces to develop the Saudi housing sector, reported Okaz News

Real Estate Companies to be Compensated for their Losses

• Thursday, 22nd December 2016
• by Farah Montasser

Through recent mechanisms adapted by the Construction Companies’ Compensations Committee, the Egyptian government is to compensate real estate developers under government contracts for their losses, reported Daily News Egypt

ARDIC to Pump EGP 500 mn in Zizina El Mostakbal

• Thursday, 22nd December 2016
• by Farah Montasser

ARDIC for Real Estate and Investment Development is to invest EGP 500 mn to complete construction works for the first phase of Zizinia El Mostakbal project that spreads on 70 acres in New Cairo, reported Al Mal

Road Tunnels in Suez Canal to Cost Roughly EGP 18 to 19 bn

• Thursday, 22nd December 2016
• by Farah Montasser

At roughly an estimate of EGP EGP 18 to 19 bn, Arab Contractors, in partnership with Orascom Construction, are to implement two road tunnels as part of the Suez Canal project in Port Said, reports Al Mal