amwalalghad :: Real Estate

Your English Portal To Arab Economy

Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        Pioneers Holding   2.84        Ezz Steel   7.86        Egyptian Real Estate Group   6.85        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        Naeem Holding   0.19        Egyptian Iron & Steel   6.87        Universal For Paper and Packag   4.94        Northern Upper Egypt Developme   4.93        Canal Shipping Agencies   7.39        Misr Chemical Industries   5.65        United Arab Shipping   0.43        Egyptians Housing Development    1.94        Egyptian for Tourism Resorts   0.69        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Heliopolis Housing   21.65        Raya Holding For Technology An   4.57        United Housing & Development   8.93        International Agricultural Pro   2.1        Gulf Canadian Real Estate Inve   18.08        Alexandria Pharmaceuticals   45.71        Arab Cotton Ginning   2.46        National Real Estate Bank for    11.84        Egyptian Chemical Industries (   7.26        Six of October Development & I   15.03        National Development Bank   6.72        Oriental Weavers   20.66        Arab Gathering Investment   16.29        Egyptians Abroad for Investmen   2.75        Credit Agricole Egypt   9.04        Palm Hills Development Company   1.61        Remco for Touristic Villages C   2.13        Commercial International Bank    29.87        El Ezz Porcelain (Gemma)   1.9        Egyptian Starch & Glucose   5.4        Arab Real Estate Investment (A   0.41        South Valley Cement   3.12        Citadel Capital - Common Share   2.5        Ceramic & Porcelain   2.88        Rowad Tourism (Al Rowad)   5.05        Union National Bank - Egypt "    3.25        El Nasr Transformers (El Maco)   4.78        Egyptian Media Production City   2.31        GB AUTO   27        Sharkia National Food   3.78        Egyptian Transport (EGYTRANS)   7.85        El Kahera Housing   4.97        El Shams Housing & Urbanizatio   2.45        Egyptian Kuwaiti Holding   0.7        ARAB POLVARA SPINNING & WEAVIN   2.11        Cairo Poultry   8.32        Egyptian Financial & Industria   8        T M G Holding   4.03        Asek Company for Mining - Asco   10.66        Misr Hotels   27        Egyptian Electrical Cables   0.56        Medinet Nasr Housing   22.51        Mena Touristic & Real Estate I   1.21        ELSWEDY CABLES   18        Prime Holding   0.91        Al Arafa Investment And Consul   0.17        Alexandria Spinning & Weaving    0.74        Gharbia Islamic Housing Develo   8.41        General Company For Land Recla   16.6        Alexandria Cement   8.9        Arab Valves Company   0.94        Sidi Kerir Petrochemicals   12.4        TransOceans Tours   0.09        Egyptian for Developing Buildi   6.43        Egyptian Gulf Bank   1.24        Kafr El Zayat Pesticides   18.19        Faisal Islamic Bank of Egypt -   35.1        National company for maize pro   11.86        Delta Construction & Rebuildin   4.03        Zahraa Maadi Investment & Deve   48.25        Samad Misr -EGYFERT   3.52        Egypt for Poultry   1.41        Cairo Development and Investme   11.7        Cairo Pharmaceuticals   20.1        Maridive & oil services   0.9        Suez Canal Bank   3.75        Nile Pharmaceuticals   15.81        The Arab Dairy Products Co. AR   73.85        National Housing for Professio   14.39        El Ahli Investment and Develop   4.87        Egyptian Saudi Finance Bank   10.79        Ismailia National Food Industr   5.16        National Societe Generale Bank   25.52        Acrow Misr   19.16        Alexandria Mineral Oils Compan   63.63        Paper Middle East (Simo)   5.59        Egypt Aluminum   12.31        Giza General Contracting   13.12        Middle Egypt Flour Mills   5.82        Extracted Oils   0.6        Assiut Islamic Trading   4.56        Engineering Industries (ICON)   3.95        North Cairo Mills   15.3        Arab Pharmaceuticals   11.88        Grand Capital   5.38        El Ahram Co. For Printing And    10.68        Minapharm Pharmaceuticals   25.49        El Arabia Engineering Industri   13.52        El Nasr For Manufacturing Agri   9.71        Naeem portfolio and fund Manag   1.7        Faisal Islamic Bank of Egypt -   6.76        Natural Gas & Mining Project (   68.26        Housing & Development Bank   13.95        East Delta Flour Mills   31.5        Orascom Development Holding (A   3.22        Memphis Pharmaceuticals   11.12        Abou Kir Fertilizers   134.23        Delta Insurance   5        Cairo Investment & Real Estate   12.18        Cairo Oils & Soap   12.98        Egyptian Arabian (cmar) Securi   0.36        Egyptian Real Estate Group Bea   15.56        Alexandria Containers and good   85.51        Upper Egypt Flour Mills   45.78        Development & Engineering Cons   9.94        Sinai Cement   15.18        Medical Union Pharmaceuticals   28.01        Torah Cement   24.2        Alexandria New Medical Center   46.55        Export Development Bank of Egy   5.04        Egyptian Company for Mobile Se   92.02        Middle & West Delta Flour Mill   32.7        El Kahera El Watania Investmen   4.18        Mansourah Poultry   12.41        Delta Sugar   11.04        Misr Beni Suef Cement   41.21        Egyptian Satellites (NileSat)   6.14        Cairo Educational Services   17.75        Lecico Egypt   7.55        Sharm Dreams Co. for Tourism I   5.3        General Silos & Storage   10.77        Al Moasher for Programming and   0.66        UTOPIA   5.28        Arab Ceramics (Aracemco)   25.4        Barbary Investment Group ( BIG   0.98        


Business - Real Estate

Marwa Hemdan - 2017-03-23 13:29:47
Egypt’s Misr Engineering Development Company (MEDCOM) reported total contracts of one billion Egyptian pounds ($55.1 million) during 2017. The Egyptian company is planning to double the volume of its contracts within the next years through the expansion in implementing national mega project, notably the country's new capital city, chairman Moataz Mahmoud said Wednesday.MEDCOM is currently executing utilisation works for the new Al Masah Hotel among projects in the first phase of the new capital city, Mahmoud further added."MEDCOM has been assigned with a 20 percent share in the hotel works, with costs worth 400 million pounds." he told Amwal Al Ghad. The Egyptian official further stated that the total volume of MEDCOM's businesses recorded 400 million pounds at the end of December 2016. "We target doubling our business volume to range between 450 million pounds and 500 million pounds at the end of next financial year," Mahmoud said. Moreover, MEDCOM also implements a number of villas and housing units in New Cairo in favour of SODIC and Palm Hills Development (PHD) with costs worth more than 350 million pounds, Mahmoud said. More»
Marwa Hemdan - 2017-03-23 13:21:12
Egypt’s construction firm, Moukhtar Ibrahim has signed new contracts to implement two road projects in the Six of October and Sadat cities an official in the company said Tuesday. Mohamed Alkhatib, deputy chairman for financial and administrative affairs, further told Amwal Al Ghad that the total cost of the two projects were estimated at 320 million Egyptian pounds ($17.5 million)."We are planning to deliver the projects within two years maximum," Alkhatib noted. More»
Amwal Al Ghad English - 2017-03-22 09:59:46
Driven by huge domestic demand, Egypt will be the standout market globally for real estates in 2017, according to a March report by Euromonitor International. The research agency has identified the top three markets globally in 2017 by fastest growth in mortgaged households, with Egypt topping the list, followed by Algeria and Nigeria. According to Euromonitor, Africa and the Middle East are home finance hotspots, due to their large and growing populations seeking infrastructure and residential units to resolve urban housing shortages. More»
Marwa Hemdan - 2017-03-20 17:15:10
Egyptian government has chosen construction major Hassan Allam to implement the biggest administrative building in the ministerial district of the country’s new capital city project. The new building will be at total cost of more than 1.3 billion Egyptian pounds ($71 million). The total number of Egyptian construction companies tasked with works in the ministerial district is expected to exceed 20. Atef Barbary, Hassan Allam's Managing Director for Financial Affairs, said Sunday that his company had received the land plot for the new building. "We target delivering a bundle of utilisation works and some housing units in the first phase of the administrative capital city project within June 2017, with total costs worth 700 million pounds." Barbary said Being assigned to take part in the country’s mega national projects has helped Hassan Allam witness a recent surge in the volume of its businesses, the Egyptian official added. "We are planning to increase our business volume to 2.5 billion pounds at the end of next financial year (2017/2018), compared with two billion pounds at the end of last year." More»
Amwal Al Ghad English - 2017-03-19 13:09:53
Egypt's Ministry of Housing is implementing developmental and service projects in South Sinai governorate with total investments of around one billion Egyptian pounds ($55.4 million), Minister Moustafa Madbouly said Sunday. The ministry is also executing and launching roads with length of 90 km and at cost of 172.5 million pounds, Madbouly stated. More»
Maha Essam - 2017-03-18 13:49:11
Egypt's property developer Egygab Holding Company says it plans to launch the second phase of Granda II project in El Shorouk City within next September. The project will be launched with total investments of 600 million Egyptian pounds ($33.2 million) and with expected revenues worth 1.250 billion pounds. The second phase is set to include more than 550 various housing units.Mohamed Gaballah, Head of Technical office at EgyGab, said Thursday his company is currently pumping investments of 250 million pounds to implement some parts of Granda Shorouk project. Earlier, EgyGab pumped investments of 400 million pounds last year, Gaballah added. "We have started promoting Granda I - third phase with 427 units and total investments worth 400 million pounds," he showed. The Egyptian official further clarified that EgyGab has promoted so far 45 percent of the third phase. "We expect to achieve sales worth 900 million pounds," Gaballah noted. On the other hand, EgyGab has completed the development of Family City Compound in New Cairo on a space of 18 feddans, he elaborated. Head Gaballah said that EgyGab's total consolidated investments in different activities reach two billion pounds. "We target boosting our investments next period," he concluded. More»
Marwa Hemdan - 2017-03-18 13:44:28
Egypt-based Redcon Construction Company is developing 400 housing units in Emaar Properties' Mivida New Cairo Project, said Head of Tendering Section Kareem El-Shazly on Saturday. "We are developing the units with cost of 500 million Egyptian pounds ($27.7 million)," El-Shazly noted. The housing units include twin houses and villas, he added. The Egyptian official further stated that Mivida project is among UAE property developer Emaar's flagships in Egypt. Redcon is developing four semi- furnished residential units in Mivida, which is one of the country's mega real estate projects, El-Shazly told Amwal Al Ghad. "We are implementing other educational institutions in Mivida," he added. El-Shazly clarified that his company is currently negotiating with Emaar in order to execute more housing units and commercial buildings. Redcon is studying the development of residential districts in Mivida as part of the company's plans to expand into major utilisation project, he concluded. More»
Amwal Al Ghad English - 2017-03-15 13:55:57
Egypt’s construction and building materials sectors are expected to create between 4 million and 5 million job opportunities in the medium term, according to an official in the International Labour Organisation (ILO). These two sectors are currently providing around 2.7 million job opportunities, representing 12 percent of Egypt’s workforce, Amal Mowafy, Chief Technical Advisor, International Labour Office at ILO, further said at Builders of Egypt Forum on Wednesday. In industrial countries, these two sectors represent between 5 and 10 percent of the workforce, Mowafy added. Egypt has allocated $144 billion for national projects in both public and private sectors, including $45 billion for the new administrative capital city, she stated. The construction and building materials sectors contribute to the provision of between 10 and 14 direct job opportunities for each $1 million worth of investment, the ILO official stated. More»
Amwal Al Ghad English - 2017-03-15 13:08:22
Egypt seeks to lure business volume of more than 1 trillion Egyptian pounds ($55.4 billion) in construction, building materials, and investment sectors in the next five years, the country’s minister of housing said Wednesday. Business volume in these three sectors has recently reached 160 billion pounds. The state is implementing ‘unprecedented’ completion rates in construction, building rates, and investments, Minister Mostafa Madbouly said during the second day of Builders of Egypt Forum, which kicked off earlier on Wednesday. “We are seeking a mega developmental and economic leap,” Madbouly added.
Amwal Al Ghad English - 2017-03-14 08:32:33
Egyptian government officials, key figures, and experts in construction industry as well as financial institutions are gathering in Cairo to kick off the third annual Builders of Egypt Forum on Tuesday. Under the rubric “Egypt’s national projects … a vision for the future”, the forum will tackle the latest development in ongoing national projects, notably the Suez Canal Economic Zone, Suez Canal tunnels, the new Administrative Capital City, and the National Road Scheme. The forum will also present both public and private sector as well as foreign investors the country’s current investment opportunities in the national mega projects. More»