Three Infrastructure Tenders Announced for Shorouk, New Akhmim City

• Thursday, 18th August 2016
• by Heba Eid

Three public tenders were held for operating, maintaining and securing lighting networks in Shorouk and New Akhmim City in a public offering for the companies registered the Egyptian Federation of Construction & Building Contractors (EFCBC).

HELI Offers 32 Buildings for Sale

• Wednesday, 17th August 2016
• by Heba Eid

Heliopolis Company for Housing and Development, an Egypt-based construction company, will offer 32 residential buildings up for sale in Sheraton and Nozhat Al-Obour City at a total cost of EGP 200 million, said Khaled Marasi, HELI Managing Director.

PACT Signs Contract with Cisco for its White Bay Project

• Wednesday, 17th August 2016
• by Heba Eid

PACT Real Estate Group, an Egypt-based real estate firm, signed a contract with Cisco, an international IT company, to provide technological equipment and infrastructure for the White Bay project in the North Coast.

Housing Ministry: EGP 7.93 B Allocated for Drinking Water Projects

• Wednesday, 17th August 2016
• by Heba Eid

The National Authority for Potable Water and Sewage, acting under the Ministry of Housing, Utilities and Urban Communities, is allocating EGP 7.393 billion for potable water projects for the current fiscal year, announced Minister of Housing Mostafa Madbouly.

Orascom Incurs EGP 168 M Loss in Q2 2016

• Wednesday, 17th August 2016
• by Heba Eid

Orascom Development Holding turned an EGP 168 million loss in the second quarter of 2016, the company's consolidated financial results showed.

NUCA Studies 70 Offers from Developers for PPP Projects

• Tuesday, 16th August 2016
• by Heba Eid

The New Urban Communities Authority (NUCA) is currently studying offers from 70 real estate developers for public-private partnership (PPP) projects.

HBD Sells 4,000 Terms of Condition Booklets for Land Draw

• Tuesday, 16th August 2016
• by Heba Eid

The Housing and Development Bank sold 4,000 terms of conditions booklet to book 23,900 pieces of land in a draw for distinctive and premium land plots.

El Obour Real Estate Turns Profit in H1 after Losses in 2015

• Tuesday, 16th August 2016
• by Heba Eid

El Obour Real Estate Investment (OBRI), an Egypt-based real estate developer, turned a profit for the first half of 2016, revealed a bourse statement.

MNHD Records 140% Increase in New Contracts in 2016

• Tuesday, 16th August 2016
• by Heba Eid

Madinet Nasr Housing and Development (MNHD), an Egypt-based real estate developer, released its second quarter financial statements, recording revenues of EGP 220.2 million.

SODIC Records Net Profit of EGP 158M in H1 2016

• Tuesday, 16th August 2016
• by Heba Eid

Sixth of October Development & Investment Company (SODIC), an Egypt-based real estate developer, recorded a net profit of EGP 97 million for the second quarter of 2016.