amwalalghad :: Real Estate

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Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        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        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        Universal For Paper and Packag   4.94        Egyptian for Tourism Resorts   0.69        Upper Egypt Contracting   0.8        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        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        Egyptian Chemical Industries (   7.26        National Real Estate Bank for    11.84        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        Cairo Poultry   8.32        ARAB POLVARA SPINNING & WEAVIN   2.11        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

Enass Shabaan & Sanaa Allam - 2017-08-19 13:18:51
Cairo Commerce Chamber announced it has donated 15 million Egyptian pounds ($843,931) in favour of Ahalina, a government-led social housing project serving Cairo's El Salam district to develop slums. Ibrahim Al Araby, Cairo Commerce Chamber’s chairman, said Saturday that Ahalina project includes 25 residential towers consisting of 1.065 housing units surrounded by a big commercial mall, school, and mosque. Al Araby further added that the government and some business organisations should pay attention to the county’s social housing flagship Ahalina in order to provide better opportunities for slum dwellers. More»
Maha Essam - 2017-08-19 12:55:28
Egypt's Hyde Park Properties for Development (HPD) signed Wednesday an agreement worth more than 1.5 billion Egyptian pounds ($84.4 million) with five local construction firms for its underway New Cairo project. The five firms that signed the Hyde Park contract are Hassan Allam, Misr Engineering Development Company (MEDCOM), Modern Construction Company (MCC), Hirmas, and Concrete Plus for Engineering and Construction. Marwan Ziwar, Chief Commercial Officer at Hyde Park, said his company plans to deliver 300 housing units in Hyde Park New Cairo flagship. “We have launched another project in North Coast, with an investment cost estimated at 12.5 billion pounds, over 225 feddans.” Ziwar further stated. The Egyptian official further said that the first phase of the project would be launched mid-2017. More»
Amwal Al Ghad English - 2017-08-19 09:07:45
China's government is moving to limit domestic companies' investments abroad in property, sports, entertainment, and other fields, following a series of high-profile, multibillion-dollar acquisitions by Chinese firms. A document released Friday by the State Council, China's Cabinet, was the latest move by regulators to tap the brakes on a string of foreign acquisitions, citing concerns that the companies involved may be taking on too much debt. One of those conglomerates, Wanda Group, became the world's biggest cinema operator with its purchase of a majority stake in U.S. chain AMC in 2012 for $2.6 billion. It added rival Carmike Cinemas last year in a $1.2 billion deal and also bought film production house Legendary Entertainment for $3.5 billion. The Cabinet document limits overseas investments in areas such as hotels, cinemas, the entertainment industry, real estate and sports clubs. It also bans outright investments in enterprises related to gambling and the sex industry. At the same time, it encourages companies to plow money into projects related to the "Belt and Road" project, President Xi Jinping's signature foreign policy initiative that seeks to link China with other parts of Asia and eastern Europe through multibillion dollar investments in ports, highways, railways, power plants and other infrastructure. "There are great opportunities for our nation's companies to embark on foreign investment, but they also face numerous risks and challenges," the document said. Through the new guidance, the government hopes to promote the "rational, orderly and healthy development of foreign investment while effectively guarding against risks," it said. As part of his drive for stronger government leadership over the economy, Xi has been moving to reassert control over top state enterprises while reining in sprawling conglomerates including Wanda, Anbang Insurance, Fosun International and HNA Group that have expanded rapidly through debt-fueled foreign acquisitions such as New York's famed Waldorf Astoria Hotel. Authorities told banks Wanda's recent foreign transactions conflicted with restrictions on capital movement and the company announced on July 10 it would sell most of its theme parks to a Chinese buyer, Sunac China, for 63.2 billion yuan ($9.3 billion). Wanda agreed in November to pay $1 billion for Dick Clark Productions, which produces the Golden Globes and the "Miss America" pageant. The seller, Eldridge Industries, called off the deal in March, saying Wanda failed to complete the purchase. More»
Amwal Al Ghad English - 2017-08-19 07:58:03
Tarek Tawfik, general director and head supervisor of the still under-construction Grand Egyptian Museum, said that there are several meetings underway to choose the bodies and the governmental economic bodies that will contribute to the financing of the museum. According to Tawfik, the total cost of the establishment of the Great Egyptian Museum amount to $1 billion. Several parties are involved in financing the project, including the Japan International Cooperation Agency (JICA), which provided a soft fund of $760 million over two tranches; $300 milion and $460 million. The Egyptian government contributes the remaining funds of $300 million in more than three phases. The first part of $100 million was completely disbursed last year, while the two remaining parts are set for the financial year 2017/2018. Regarding the latest developments in the Grand Egyptian Museum project, Tawfik told Daily News Egypt that constructions has so far reached 70 percent, adding that 4,000 artefacts of Tutankhamun’s 5,000 artefacts collection have been moved there. He added that the rate of construction and movement of antiquities is on track according to the specified timetable, where there is a soft opening expected in 2018. More»
Marwa Hemdan - 2017-08-15 10:14:59
Egypt’s state-run Arab Contractors Company says it has completed 45 percent of some housing and utilities ongoing projects in the first phase of works on the country’s new capital city. The projects were concluded at a cost of 800 million Egyptian pounds ($45 million) out of the company’s other capital city mandates, which are estimated at around 2.1 billion pounds.Sayed Farouk, AC’s vice-chairman, told Amwal Al Ghad on Monday that the accomplishment rates reached 45 percent for other housing flagships worth 490 million pounds in the new capital city. AC was assigned to implement additional residential works of 1.1 billion pounds, Farouk stated, adding that these works include 78 buildings in two phases totalling 2,240 units.The Egyptian company has also finished a mega share worth 310 million pounds in the first phase of utilities works in the new capital city, he added. Farouk referred that that company was mandated to carry out more utilities works of nearly one billion pounds, spanning over 55o feddans. These works involve a number of drinking water, irrigation, electricity, and waste water networks as well as communication lines. More»
Amwal Al Ghad English - 2017-08-15 07:43:42
Egypt's Minister of Housing Moustafa Madbouly, Cairo Governor Atef Abdel Hameed, and Deputy Minister of Housing Ahmed Darwish have signed a cooperation agreement to be carried out between the government-led Slums Development Fund (SDF), regarding material compensations for occupants of the residential units in the Maspero Triangle area of Bulaq neighborhood in Cairo. The signing took place between Khaled Sedek, the executive director of the SDF, and Mohamed El Sheikh, the Secretary General of Cairo governorate on behalf of the governor. “The agreement’s extension aims to provide cash compensations to occupants of the Maspero Triangle area. The compensation would be provided based on the number of rooms in each home, according to what the steering committee came to,” Sedek said. He added that there was an agreement that the articles of this contract would provide cash compensations to occupants of Maspero Triangle after reviewing the records of the beneficiaries by the concerned departments in Cairo governorate, based on what the occupants sign for, according to law No. 119 for year 2008 and the executive regulations. More»
Amwal Al Ghad English - 2017-08-14 12:15:40
Egypt’s property developer Talaat Moustafa Group Holding (TMGH) board decided Monday to raise sales budget for 2017 to 11.4 billion Egyptian pounds ($642.7 million), from 9.4 billion pounds. The company made first-half profits worth 696.5 million higher from 432.13 million pounds in the same period last year. More»
Marwa Hemdan - 2017-08-13 13:59:55
Egypt’s state-run Arab Contractors Company says it hopes to recover its $200 million overdue receivables from investments in Africa before the end of 2017. The company is studying a new arrangement with a number of African governments for the overdue receivables through putting in place facilitated payment mechanisms, chairman Mohsen Salah told Amwal Al Ghad on Sunday. The overdue receivables are from the Egyptian company’s investments in mega infrastructure and housing projects in the continent, Salah said. Arab Contractors is targeting more expansions in the continent, such plans that will be financed by securing credit facility from major financial institutions and collecting vast majority of overdue payments, he added. The company has never put off implementation of assigned projects in Africa because of delays in obtaining payments owed to it there, the Egyptian official said. More»
Amwal Al Ghad English - 2017-08-12 17:42:40
Egypt’s government-led Informal Settlements Development Facility (ISDF) is allocating around 84.6 million Egyptian pounds ($4.7 million) for developing unsafe slums and unplanned areas in New Valley governorate. The finances are non-refundable designed for the slum development scheme in the governorate, 733 km (455.9 miles) of Cairo in the southwestern part of Egypt between the Nile, northern Sudan, and southeastern Libya, ISDF executive director Khaled Seddik said Thursday. The scheme will include developing the unsafe slums; Balat Al-Islamiya and Old Mot in addition to the unplanned areas; Mashrabiyet Gheith and El-Sheikh Maimon, and three makeshift markets; Baris, Balat, and Al Khat El Bahary, Seddik added. More»
Amwal Al Ghad English - 2017-08-09 13:41:36
Egyptian President Abdel Fattah al-Sisi issued on Wednesday a decree establishing a new city in Mansoura, 128 km north of Cairo in the Nile Delta. The decree approved the re-allocation of 5,104 feddans or 21.4 million square metres of the state-owned lands to the New Urban Communities Authority to be used in establishing a new urban community, the New Mansoura City, Egyptian Housing Minister Moustafa Madbouly said. The new city is expected to have more than 150,000 housing units for around 680,000 citizens, Madbouly added. The city will include touristic housing, villas, and medium-income and social housing, in addition to regional university and technological industrial development zones, the minister said. More»