amwalalghad :: Real Estate

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GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        Ezz Steel   7.86        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        Naeem Holding   0.19        Egyptian Iron & Steel   6.87        Misr Chemical Industries   5.65        United Arab Shipping   0.43        Egyptians Housing Development    1.94        Universal For Paper and Packag   4.94        Northern Upper Egypt Developme   4.93        Canal Shipping Agencies   7.39        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        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        Palm Hills Development Company   1.61        Credit Agricole Egypt   9.04        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        Union National Bank - Egypt "    3.25        Ceramic & Porcelain   2.88        Rowad Tourism (Al Rowad)   5.05        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        Al Arafa Investment And Consul   0.17        Prime Holding   0.91        Alexandria Spinning & Weaving    0.74        General Company For Land Recla   16.6        Gharbia Islamic Housing Develo   8.41        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

Amwal Al Ghad English - 2017-10-19 13:41:13
Egypt’s Moukhtar Ibrahim says it is targets delivering some road flagships in Beit Al Watan New Cairo, a project that allows Egyptian expatriates to own lands in their homeland, within June 2018. The state-owned construction firm will hand over the road projects at total costs estimated at 110 million Egyptian pounds ($6.2 million). Mohamed Alkhatib, Deputy Chairman of Financial and Administrative Affairs and Director, said Thursday that Beit Al Watan project is established over 1.5 million square metres. “We are implementing three infrastructure flagships in New Cairo and Sixth of October cities, at a cost worth around 280 million pounds,” Alkhatib further stated, adding that they will be delivered within June 2018. In New Cairo, the Egyptian official said that the works include a number of drinking water lines, irrigation networks, and road projects in favour of two housing flagships, at a cost of 200 million pounds. In Sixth of October City, he showed that the works also consist of some utilities works, in favour of a youth social housing projects. More»
Marwa Hemdan - 2017-10-19 11:17:20
Egypt’s Misr Engineering Development Company (MEDCOM) says it plans to deliver some residential flagships in favour of SODIC and Palm Hills Development by next year. Moataz Mahmoud, MEDCOM’s chairman, said Tuesday that his company is currently implementing 193 villas in SODIC’s Villette Compound project in Fifth Settlement district in New Cairo. MEDCOM prepares to complete the construction works of SODIC Villette within the two next months,” Mahmoud stated, adding this flagship will be delivered within early-2018. MEDCOM is also executing18 additional residential buildings in New Cairo for Palm Hills Development. “The accomplishment rates have exceeded 60 percent,” Mahmoud said, noting that MEDCOM will hand over the buildings within next January. The two projects will be handed over at total costs worth 350 million Egyptian pounds ($19.8 million). They are to include 211 housing units and villas at different spaces. More»
Maha Essam - 2017-10-19 11:11:47
Egypt’s Karma Real Estate Company says it targets contractual sales worth around 60 million Egyptian pounds ($3.4 million) from Elite Residence and Platinum View flagships during the fourth quarter of 2017. Ahmed Mostafa, Karma’s general manager, said Tuesday that his company has recently launched the two projects in New Cairo over 5,000 square metres, with investments totalling 160 million pounds. Platinum View will be executed in first phase over 2,223 square metres, with investments of 100 million pounds, Mostafa stated, adding that it is to include 50 units, on spaces ranging between 128 square metres and 380 square metres. “The project will be completed and delivered within October 2019,” the official further noted. As for from Elite Residence, Mostafa referred that the flagship is located in Beit Al Watan region in Fifth Settlement district over 2,260 square metres, with investments of 60 million pounds. Elite Residence is to consist of 36 units, on spaces ranging between 143 square metres and 298 square metres, Mostafa showed. Karma is set to build Elite Residence in two phases, he said, elaborating that this project will be finalised at the end of 2020. “The two flagships are to be launched during Al Nokhba (Elite) Real Estate Exhibition, which will take place in Ard El Maared in Kuwait, between 4-9 December,” he concluded. More»
Maha Essam - 2017-10-19 11:04:33
Egypt’s property developer firm, Barons Court Sports and Leisure says it plans to execute the housing part of Alex West project, at a cost of 15 billion Egyptian pounds ($849.6 million). Hisham Akram, Barons Court’s Managing Director, told Amwal Al Ghad on Tuesday that the total investment cost of the fully-fledged residential compound is worth 50 billion pounds. Alex West is established over 2.5 million pounds, Akram stated, adding that the project includes a number of housing units as well as educational, medical, commercial, sports, touristic, and administrative flagships. “We have so far developed around 1.5 million square metres there,” the officials further said. Akram referred that Barons Court has invested two billion pounds in Alex West since the company started operations in 2005. More»
Amwal Al Ghad English - 2017-10-19 06:48:30
Egypt's Prime Minister Sherif Ismail said that the government is currently working on moving ministry buildings from Cairo to the new administrative capital, which is set to be completed in 2020. Ismail statement's came during a cabinet meeting on Wednesday to discuss several issues. The prime minister said that the government is also working to develop the state’s administrative apparatuses using modern methods. Ismail also said that the government is currently reviewing a number of draft laws, including traffic, social and health insurance laws. He said that the Cabinet has received the executive regulation of the new investment law from the Ministry of Investment on Wednesday. The executive regulation is scheduled to be issued next week. Last week, President Abdel Fattah al-Sisi attended a ceremony marking the official launch of the country's new administrative capital, which will be home to government ministries, residential units and an international airport. Located some 40km to the east of Cairo, the under-construction city is part of the government’s plan to expand urban areas to deal with the country's rapid population growth and improve the nation's infrastructure. The government has started building 25,000 residential units in the city so far. More»
Marwa Hemdan - 2017-10-18 14:21:21
Egypt’s national project to build a new administrative capital has managed to attract large number of contractors to implement residential, utilities, and infrastructure works there. The anticipated capital has become a main gateway for the Egyptian contractors to boost their business volume and contribute to the country’s national mega projects. “The new capital is one of the most substantial national flagships that managed to create job opportunities for the construction firms of all segments operating in the country.” Hassan Abdel Aziz, head of the Egyptian Federation for Construction and Building Contractors (EFCBC), said. There are seven major construction firms already capturing the lion’s share of the mandated works in the new administrative capital project, namely Arab Contractors, Orascom, Hassan Allam, Concord, Petrojet, Talaat Mostafa, and the Holding Company for Construction and Development (HCCD). For the HCCD, the company itself captures 40 percent of the utilities works in the county’s new capital, according to its chairman Mahmoud Hegazy. Hegazy further stated that HCCD’s affiliates were mandated to execute the works, at a cost worth more than one billion Egyptian pounds ($56.7 million). “These firms are Hassan Allam, Moukhtar Ibrahim, El-Abd, and Misr Concrete Development,” the Egyptian official told Amwal Al Ghad on Monday. More»
Amwal Al Ghad English - 2017-10-18 10:45:07
U.K.-based InterContinental Hotels Group announced on Wednesday plans to bring two of its hotel brands to China and Asia Pacific in an attempt to capture new breeds of consumers — the wellness enthusiasts and the wealthy. The new brands are Kimpton Hotels and Restaurants, a luxury boutique chain that operates mostly in the United States, and Even Hotels, which focuses on incorporating health and wellness into the travel experience. Bringing the high-end Kimpton label to China and Asia Pacific makes sense given the speedy pace at which InterContinental's business in those regions is growing, the multinational hotel group's CEO, Keith Barr, told CNBC's "Squawk Box." "As urbanization moves out further, you're seeing these markets have incredible demand for hotels across the entire chain scale from luxury down to mainstream," he added. Even Hotels also "fits right into that sweet spot" of China's new policy focus on health, wellness, tourism and resorts, according to Barr. Kimpton will open in three new locations — Shanghai, Sanya, a city in China's Hainan province, and Bali in Indonesia. Even Hotels, meanwhile, is coming to China. More»
Amwal Al Ghad English - 2017-10-17 08:08:12
State-owned Real Estate Egyptian Consortium company reported Tuesday a drop in its standalone net profits after tax to reach 26 million Egyptian pounds ($1.5 million) during the first nine months of 2017.Earlier, profits stood at 35.8 million pounds during the first nine months of 2016. The company made standalone revenues worth 14.6 million from 29.1‍​ million pounds last year. More»
Amwal Al Ghad English - 2017-10-16 12:46:40
Egypt's El Batal Group for Housing and Development says it targets establishing 101 villas in its residential flagship Rock Ville Compound, at a cost worth 150 million Egyptian pounds ($4.5 million). Emad Doss, El Batal’s chief executive, said Monday that Rock Ville is located in the Fifth District in Obour City. The project is an Asian themed compound over 12 feddans. “Rock Ville will include 101 villas on spaces ranging between 184 square metres and 525 square metres,” Doss further noted. El Batal also plans to complete the flagship within 2020, the Egyptian official stated, adding that the accomplishment rates reached 20 percent. More»
Amwal Al Ghad English - 2017-10-16 11:28:03
OLX Properties, the leading classifieds platform for properties in Egypt, revealed changes in the users’ behaviors and property rates followed by the decision issued by Central Bank of Egypt (CBE) to raise key interest rates twice consecutively in November 2016 and July 2017.CBE has announced an increase in the interest rate by over than 18 percent in order to limit the demand and stabilize the country’s economy. Economists stated that this decision will reduce the demand on the property market and results in a drop in the price rates of the basic services and products.Meanwhile, Real estate experts expected an increase in the prices in properties in Egypt, resulting in a significant recession in the demand for the residential units. OLX Properties, expects more capital flow in the real estate sector in the short term, despite the ongoing inflation reported in the Consumer Price Index for July. The Index showed an inflation rate of approximately 33 percent. However, the platform statistics recorded an increase in the number of listings in the property section by 12 percent in July 2017 compared to the previous month (June), a result of the increase in interest rate after property owners have liquidated their assets to secure capital revenues in the form of interest from bank deposits and certificates. Moreover, OLX stated that searches increased 52 percent for properties for sale listed on the platform. It is worth mentioning that the search volume for residential units usually increases in the summer season, especially by the Egyptian expats returning to spend the holidays in Egypt.The report also highlighted the price increase of some areas after the Egyptian pound flotation in November 2016, where Sheikh Zayed City price rates increased by 11 percent followed by 6th of October and the 5th Settlement by 5 percent, lastly New Cairo by 7 percent.General Manager of OLX Egypt, Momtaz Moussa, commented: “Despite the recent changes in the Egyptian economy, the report results show the great interest in investing in properties in Egypt, whether from the platform users based in Egypt or the Egyptian Expats living in the GCC. OLX Properties witnessed exponential growth with 3.4 million users per month, a comprehensive sample that reflects the trends of the property market in Egypt”.For the second time, the prices increased after the raise of interest rate in July 2017 compared to May and August 2016. In this regard, the 1st Settlement selling price increased 12 percent, followed by Sheikh Zayed City and Maadi 4.5 percent, and 2 percent, respectively. On the other hand, the prices in El Shorouk City have dropped by 5 percent while in other areas like New Cairo, 5th Settlement, and 6th of October, the prices remained stable. According to the report, the number of Egyptian expats who visited OLX platform in July 2017 increased compared to June (after the decision to raise key interest rates for the second time). Saudi Arabia was on top of the countries with a 34percent increase in visits, followed by Kuwait and Qatar by 13 percent, and UAE by 10 percent. More»