Housing Ministry to Develop 500 Units in Al Ruweisat Slum Area
The Minister of Housing, Utility, and Urban Communities, Moustafa Madbouly, agreed to the development of Al Ruweisat slum area, in South Sinai, through the execution of 500 residential units, for the area’s residents.
Orascom Construction Records EGP 204.4 M in Net Profit in Q1
Orascom Construction announced a net profit of EGP 204.4 million in the first quarter (Q1) of 2016, in comparison to EGP 51.5 million for Q1 2015.
Construction Work Following 2015 Taba’s Flooding Edges at EGP 250 M
The cost of construction work to repair the damage from last flood in Taba has reached EGP 250 million. Renovation work includes 11 dams and 3 lakes.
2,568 Residential Units to be Offered in Madinaty and Rehab
Moustafa Madbouly, Minister of Housing, Utilities, and Urban communities, announced the offering of 2,568 residential units in the suburbs of Madinaty and Rehab extension in new Cairo, reported Invest Gate.
Emaar Awards Construction of Jeddah Project to ACC
Emaar Middle East, a subsidiary of the real estate developer Emaar Properties, contracted the construction of Emaar Residences in Jeddah Gate to Arabian Construction Company (ACC).
UAE’s CGP Announced Tender for Construction of Alburouj Project
Capital Group Properties (CGP), a real estate development company owned by Abu Dhabi Capital Group (ADCG) and Al Ain properties, has announced a tender for the construction of the first phase of its latest project Al ...
Approval of Rent Scenario for Social Housing Project
The Board of the Social Housing Fund has approved offering a portion of the social housing project for rent. The move is designed to aid citizens of provinces with extreme poverty, reported Invest Gate.
Jeddah Tower Construction Delayed Due to Contractor Problems
Jeddah Economic Company, a real estate developers, attributed construction delays for the 1Km-high Jeddah Tower to funding issues with the contractor Saudi Binladin Group.
