31 Water, Sanitation Projects Completed in 2015/2016

A total of 31 drinking water and sanitation projects have been completed in Greater Cairo and Alexandria for the 2015/2016 fiscal year, announced Mustafa Madbouly, Minister of Housing, Utilities, and Urban Communities.

SODIC Records Net Profit of EGP 158M in H1 2016

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.

55 New Bridges to Be Built on the New Regional Ring Road

The Egyptian General Authority for Roads, Bridges, and Land Transport is building 55 new bridges on the Regional Ring Road, said Minister of Transport Galal El-Said.

Cabinet Approves CGP’s Al Burouj Project

Capital Group Properties (CGP) for real estate development received the cabinet approval of the Al Buruj project and offering the units for the public.

HELI Reaps 95.6% Increase in Profits

Heliopolis Company for Housing and Development announced a 95.6% increase in net profits for the current fiscal year, compared to last year.

Wadi Degla to Record EGP 6B in Sales for 2016

Egypt-based real estate developer Wadi Degla Developments expects its sales revenues record EGP 6 billion during the current year, marking a 50% increase compared to last year, said Amr Al Kady, deputy CEO of Wadi Degla.

Azmeel Group Invests EGP 250 M in 12 New Projects

Azmeel Group Real Estate announced the launch of 12 new real estate projects with total investments of EGP 12 billon at the Al-Ahram Real Estate exhibition.

Rights to Old Interior Ministry HQ Restored to Cairo Governorate

The Property Management Department in Cairo transferred the rights to the former Interior Ministry headquarters in the Lazoghly area of Downtown Cairo to the governorate.

Arab Contractors: Qasr Al-Nil Bridge Work to Finish in Two Weeks

Arab Contractors, an Egypt-based construction company, is set to finish maintenance works on Qasr Al-Nil Bridge within the next two weeks, said Ahmed Taymour, deputy Cairo governor.

Tahrir’s Mogamma Evacuation Begins

The evacuation of Tahrir Mogamma (Tahrir Complex), the infamous administrative building in Tahrir Square, has commenced, announced Galal Said, Cairo Governor.

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