Valda Developments To Start Delivery in ROVE Project in 2024
Valda Developments announced the completion of 80% of the construction work of the Rove commercial and entertainment complex, situated on the Middle Ring Road in 2024, Invest-Gate reports.
Misr Italia Boosts Construction at New Cairo, NAC Projects
Misr Italia Properties has signed an EGP 500 mn contract with two major construction firms to accelerate building works at its projects in New Cairo and the New Administrative Capital (NAC), Invest-Gate reports.
Capital Group Properties Raises Capital by EGP 772 Mn to Accelerate Al Burouj
Capital Group Properties (CGP), a major property developer in Egypt, raised its capital by EGP 772 mn in July as part of its plans to step up the pace of construction at its Al Burouj residential community in East ...
El Shennawy Group Expands in Egypt With 40 Years of Expertise
El Shennawy Group, an Egyptian construction, contracting and concrete production company, plans to expand its operations in 2023, Invest-Gate reports.
Cairo Real Estate Market Withstands Current Economic Turmoil
Although the office market has seen an increase in supply, rents have reduced by 1% on an annual basis due to currency depreciation.
The residential market is facing construction delays and rising costs, pu ...
IGI Developments Injects EGP 1 Bn into Construction in 2023
IGI Developments delivered 1,000 units in 2022, despite all the challenges that faced the real estate sector. It is expected to double the number of delivered units in 2023.
Indonesian Construction Companies Bear Heavy Debts
The debt of Indonesia’s top 4 construction companies skyrockets by 1,200% to $8.6 bn since the incumbent president assumed his office.
IL Cazar Developments Completes 35% of Creek Town in 1 Year
Chairman of IL Cazar Developments, Nader Khozam, notes that the company continues to direct more investments into the project's construction, despite challenges imposed by high prices of building materials and hig ...
Concept Developments Starts Construction of SENET 1 in NAC’s Downtown
Chairman of Concept Developments, Ehab Aboelmagd, comments that the company plans to accelerate the project's implementation while maintaining the highest quality.
Tatweer Misr Awards EGP 1.5 Bn Construction Contract to Kharafi National
Moreover, the zone awarded to Kharafi includes the Phia project located on 16 acres. Phia comprises 504 units and resembles Greek’s Santorini Island.
