amwalalghad :: Real Estate

Your English Portal To Arab Economy

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        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        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        Egyptian Transport (EGYTRANS)   7.85        Sharkia National Food   3.78        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

Amwal Al Ghad English - 2017-04-26 13:33:03
Emaar Misr, unit of Dubai property developer Emaar, reported a 72 percent increase in its first quarter profits to reach 437.9 million Egyptian pounds ($24.1 million), its financial statements announced Wednesday. Earlier, profits stood at 254.48 million pounds during the first quarter of 2016. Revenues also rose to 668.69 million pounds, compared with 597.42 million pounds during the same period in 2016. More»
Maha Essam - 2017-04-23 13:57:30
Property developer Beta Egypt says it is carrying out three commercial centres for its October City projects within 2017, at a total cost worth 150 million Egyptian pounds (8.3 million). The centres will be built on a total space of 11,000 square metres, to include commercial and administrative units. AlaaFikry, Beta Egypt's chairman, told Amwal Al Ghad on Sunday that the Egyptian property developer company also plans to deliver the first phase of Beta Greens project in New Cairo within the current year. More»
Amwal Al Ghad English - 2017-04-23 13:31:10
Egypt's property developer Talaat Mostafa announced Sunday that its affiliate has signed a contract to execute a fully-fledged urban project in the country's new capital city in seven years. The affiliate named Arab Company for Projects and Urban Development has bought the project's land plot on a total space of 500 feddans for 4.4 billion Egyptian pounds ($243.1 million), Talaat Moustafa said in a bourse filling. About 15 Egyptian companies, including Talaat Mostafa and SODIC, submitted bids in March to develop land for the capital's first phase of construction, but no official announcement has yet been made as to the winning bids. Egypt's plan to construct a new city 45 km (28 miles) east of Cairo was announced in March 2015 at a Sharm al-Sheikh summit held to attract foreign investors who pulled back from the country after the 2011 revolt against the government. More»
Amwal Al Ghad English - 2017-04-23 12:03:15
Egypt's largest listed real estate developer Talaat Mostafa has bought 500 feddans for development in the country's new administrative capital, Reuters cited sources at the housing ministry as saying on Sunday. Egypt's plan to construct a new city 45 km (28 miles) east of Cairo was announced in March 2015 at a Sharm al-Sheikh summit held to attract foreign investors who pulled back from the country after the 2011 revolt against the government. "Talaat Mostafa received the land two weeks ago after it came to an agreement with the administrative capital company on all the conditions," one of the housing ministry sources said. The sources did not provide further details of the contract and Reuters was not immediately able to reach Talaat Mostafa for comment. The new capital project appeared to stall after a United Arab Emirates developer pulled out and a contract to develop government facilities by a Chinese state developer also fell through. About 15 Egyptian companies, including Talaat Mostafa, submitted bids in March to develop land for the capital's first phase of construction, but no official announcement has yet been made as to the winning bids. More»
Amwal Al Ghad English - 2017-04-22 09:42:42
The protracted downtrend in Singapore's property market is poised to end next year, with home prices set to double by 2030, Morgan Stanley said in a note on Wednesday. "Property market bears expect slower population growth, an ageing population, and a structural growth slowdown to weigh on the long-term property market outlook," the note said. "We disagree and believe home prices will double by 2030." That implies a 5 to 6 percent increase per annum and would mark a reversal from a long downtrend in home prices. In the first quarter, overall private home prices fell 0.5 percent on-quarter, the 14th straight quarter of declines. This time around, however, the bulk of the decline was in relatively small landed property segment, while non-landed prices were steady. The city-state's housing prices surged more than 60 percent from 2009 through 2013, propelled by rock-bottom global interest rates and quantitative easing in developed economies, even as the government enacted a series of cooling measures from 2011 to prevent a bubble from forming. But in early March, the government scaled back some of the curbs, including lowering the seller's stamp duty and shortening the minimum holding period to avoid it. Morgan Stanley said that was a signal the property market was closer to the bottom, which should improve buyer sentiment. There were signs buyer sentiment has already picked up: One recent launch, Park Place Residences, sold its entire phase one, initially set at 40 percent of the 429-unit total before being raised to 50 percent, within a day. The bank expected sales volume would surge this year, with the increases in transaction volumes to spur prices higher next year. Supply was also set to decline, the bank noted. From 2014-16, private residential supply added around 20,000 units a year, twice the historical average since 1990, it noted. But in 2017-18, supply levels were set to fall 40 percent each year, it said. The property market in Singapore can be closely watched for economic and investment implications. Morgan Stanley noted that around 91 percent of Singapore's resident households own their homes, with residential property around 45 percent of total household gross assets last year. Additionally, Asian investors tend to have large allocations to property in their portfolios. While property bears were pointing to an aging population, Morgan Stanley noted a rising household formation rate driven by singles, and a shift toward higher-skilled foreign workers. It estimated that by 2030, one in five Singapore households would be occupied by just one person, up from one in eight in 2010. Additionally, it expected "a combination of bequest motives, lease buyback schemes, and shifting manpower trends assuage property market selling pressures that come as the population ages." It also expected that Singapore's medium-term economic growth potential of around 3 percent over 2016-2030 meant it would outperform other developed economies and support income growth. On Thursday, Singapore reported first-quarter gross domestic product (GDP) grew 2.5 percent on-year, down from 2.9 percent in the fourth quarter of 2016. "The Singapore economy is likely to see a cyclical recovery from better-than-expected external demand," the note said. "Given that changes in economic conditions have a direct bearing on the property market, the improving macroeconomic outlook would be supportive of a property market recovery." More»
Marwa Hemdan - 2017-04-20 13:58:24
Egypt’s Misr Engineering Development Company (MEDCOM) says it is planning to increase its business volume to 500 million Egyptian pounds ($27.5 million) at the end of financial year 2016/2017. The business volume stood at 400 million pounds during the financial year 2015/2016.Moataz Mahmoud, MEDCOM's chairman, said Thursday that his company also targets expanding its businesses within 2018. "We are currently studying carrying out a number of infrastructure projects in new cities as well as housing flagships in Egypt's new capital city," Mahmoud noted.Moreover, MEDCOM's total contracts reach one billion pounds, Mahmoud stated, adding that the contracts are allocated for many housing and infrastructure projects. The Egyptian official referred that MEDCOM also targets completing its business share in new Al Masah Hotel project in the new capital city within May, at a cost of 400 million pounds. "We are teaming up with Orascom and Hassam Allam in order to execute the first phase of Masah Hotel, with share reaches 20 percent out of the project's total businesses," Mahmoud concluded. More»
Maha Essam - 2017-04-19 12:51:34
Egypt’s Al Ahly for Real Estate Development Company says it is targeting contractual sales of four billion Egyptian pounds ($220.3 million) in its different projects within 2017. Earlier, the contractual sales stood at three billion pounds at the end of 2016.Hussein Sabbour, Al Ahly's chairman, told Amwal Al Ghad Tuesday that his company owns a various land portfolio which includes the locations of the projects and the spaces of the units. Moreover, Sabbour further added that Al Ahly has started implementing Green Square as a part of Mostakbal City project, located in New Cairo. "We target beginning works in La’venir Mostakbal City project by early April 2018," Sabbour noted. The total housing units of the two projects reach 5,000 including small villas and apartments, he said. More»
Maha Essam - 2017-04-18 13:57:26
Egypt's PACT Real Estate Group says it targets pumping investments worth 220 million Egyptian pounds ($12.1 million) into its flagship White Bay North Coast within 2017. With total investments amounting to 330 million pounds, White Bay is located in Sidi Heneish, North Coast, on a space of 80 feddans. The flagship is being implemented on four phases within seven years. The Egyptian property developer company also plans to conclude the concrete works in White Bay's first phase in June.Mohamed Gamal, chairman of PACT, told Amwal Al Ghad Sunday that his company targets delivering the first phase in 2018. The project's all phases will be delivered in 2021.Gamal further added that PACT has so far promoted 250 units out of the project's total units. "We also seek to market 25 percent out of our total units outside the country," he noted. More»
Amwal Al Ghad English - 2017-04-18 13:53:21
Egypt's Housing Minister Mustafa Madbouly flied to Washington on Tuesday to participate in the World Bank's annual meetings for discussing cooperation in housing, utilities, and urban development projects. Madbouly showcased the important and national projects as well as the different investment opportunities in Egypt.Madbouly is set to take part in the Sanitation and Water for All's (SWA) meetings in Washington. Sanitation and Water for All (SWA) is a global partnership committed to achieving universal access to clean drinking water and adequate sanitation. SWA includes more than 150 countries from governments, private sectors, development partners as well as civil society and scientific research organisations. More»
Maha Essam - 2017-04-16 13:51:27
Egypt's Madaar Development Company is pumping investments worth 700 million Egyptian pounds ($38.5 million) into its flagship Azha in Ain Sokhna within 2017, chief executive Gasser Bahgat said Saturday. The Egyptian property developer company targets delivering Azha's first phase at the end of 2018, Gasser told Amwal Al Ghad. "The first phase of the project includes 350 units," he noted.Gasser further added that Madaar has so far promoted 600 units in Azha. More»