amwalalghad :: Real Estate

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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

Maha Essam - 2018-01-14 11:06:23
Egypt’s Housing Ministry is investing around 10 billion Egyptian pounds ($565.4 million) into a number of utilities works and residential units at the county’s new administrative capital. “We are planning to pump investments worth $3 billion in towers area at the ministerial district in the new capital project,” Minister of Housing Moustafa Madbouly said on Saturday. Madbouly has made his remarks during inspecting the first model of finishing works at villas area in the new capital’s first residential district, which is being currently implemented by the Ministry of Housing. A bunch of government officials and representatives of the New Urban Communities Authority (NUCA) have accompanied the minister in his tour. “The first residential district will include about 25,000 residential units on spaces ranging between 100 and 180 square metres as well as around 1,000 villas on spaces varying between 230 and 328 square metres,” Madbouly stated. The ministry has started works on the villas area, including utilities and road networks since three months and a half, the Egyptian minister elaborated. “Towers area will be executed soon in cooperation with a Chinese firm,” he said. “The ministry is also executing six universities in the new capital,” Madbouly said, clarifying that his ministry is set to hand over the land plots of nine schools at the residential district. More»
Amwal Al Ghad English - 2018-01-13 09:28:48
Saudi Arabia is taking managerial control of Saudi Binladin Group and discussing a possible transfer of some of the giant construction group’s assets to the state while its chairman and other family members are in detention, sources told Reuters.Binladin, which had over 100,000 employees at its height, is the biggest builder in the country and important to Riyadh’s plans for large real estate, industrial and tourism projects to help diversify the economy beyond oil. However, the group has been hurt financially in the past couple of years by a slump in the construction industry and a temporary exclusion from new state contracts after a crane accident killed 107 people at Mecca’s Grand Mosque in 2015. It was forced to lay off thousands of employees. More»
Amwal Al Ghad English - 2018-01-11 11:01:31
An attractive investment climate, new real estate opportunities, and a vibrant and strong demand in the North African country will make the Egyptian narrative for 2018 an encouraging one. Amid growing evidence that the country’s economy has started turning a corner, Egypt is looking to spur more real estate investment opportunities for both local and foreign investors in 2018.The government’s commitment to adopt economic reforms at all levels and attract investors over the past year is expected to yield fruit in 2018, according to experts. Already reports suggest that the inflation rate in the country recorded a steady decrease over the past three months. As real estate investors and experts keep a close eye on the economy and the investment outlook for 2018, Cityscape Egypt Business Breakfast, set to take place on January 18that the Nile Ritz-Carlton Cairo, will deliver a high-profile platform for debate, discourse and information exchange as it addresses some of these pertinent issues. Under the theme: Exploring new frontiers on Egypt’s landscape, the Business Breakfast – a prelude to Cityscape Egypt – will hone in on the core issues central to Egypt’s real estate sector. It will take a close look at the status of the real estate sector in the country, new opportunities arising in the industry, and in an in-depth panel discussion will address: long-term plans for sustainability of the real estate sector, the private sector, and the question of adopting PPP models when developing areas outside the capital city. A focus at this year’s Business Breakfast is the feasibility of development in Upper Egypt. Head of Egypt Office for JLL, Ayman Sami, will address this topic by providing a market update and demand analysis on Upper Egypt. Sami explains: “We have always focused on the Greater Cairo real estate market, however there is an untapped potential in Upper Egypt. I will be looking at 7 governorates in Upper Egypt that constitute approximately 25% of the population of Egypt. The presentation will cover the need for residential, retail, healthcare and educational sectors as well as key areas for development in Upper Egypt.” Other speakers at this year’s Business Breakfast include, Beni Suef Governor Sherif Habib,  Asyut Governor Yasser Al Dessouki, Ahmed Shalaby, Managing Director of Tatweer Misr; Ashraf Dowidar, CEO of ARDIC for Real Estate Development and Investment; and Darwish Hassanein, CEO of Saudi Egyptian Construction Co. (SECON). “The aim of our Business Breakfast is to create an informative and innovative platform with the country’s foremost real estate experts and set the tone for our upcoming 7th edition of Cityscape Egypt,” says Chris Speller, Cityscape Exhibition Director. “Over the course of the year we have witnessed a stability in the property market and an increase in investor confidence following a stretch of volatility; and as we kick of the year with our Business Breakfast followed by Cityscape Egypt in March, we’re confident that 2018 will be a positive year for the country as investors begin looking at it with renewed interest.” Following the Business Breakfast is the 7th annual Cityscape Egypt Conference, which returns to the Four Seasons Nile Plaza on the 12th and 13thMarch– two weeks before the exhibition kicks off –  with a stellar line-up of speakers and topics based on market research and the guidance of the Advisory Board. Also, returning to the Four Seasons Nile Plaza on the 13th is the Cityscape Awards for Real Estate in Egypt, which celebrates excellence in real estate development, architecture and forward-thinking leaders. The highly-anticipated Cityscape Egypt exhibition then takes place on the 28th – 31st March at its new venue the Egypt International Exhibition Centre (EIEC)in New Cairo. The show kicks off with exhibitors from Egypt who will showcase projects from across the real estate spectrum, both from Egypt and around the world. This year’s platinum sponsor is Projects for Real Estate Development, who will showcase its latest project Blues Tiffany in the North Coast. More»
Amwal Al Ghad English - 2018-01-11 07:39:22
Emaar Misr for Development has signed two construction contracts of two billion Egyptian pounds ($112.9 million) with UAE-based Arabian Construction Company (ACC) and Egyptian Orascom Construction to execute the first phase of Marassi Marina project in North Coast. The agreement, signed with ACC, includes the execution of the first phase of Marina’s fully furnished apartments over a total area of 95,000 square metres, Emaar Misr highlighted in a statement on Wednesday. The project will cover the delivery of 826 fully furnished apartments, as well as entertainment and commercial services spanning 4,500 sqm, the company said, pointing out that this project is set to be completed by 2020. The second contact of Emaar Misr, the Egyptian unit of UAE property conglomerate, with OC, which is worth 800 million pounds, will cover building Marina Basin to welcome 300 yachts, including mega yachts that reach 60 metres in length, the company continued. The Marina Basin is expected to be completed by 2020, according to the statement. Commenting on both deals, chairman of Emaar Properties Mohamed Alabbar said: “our unwavering confidence in the promising Egyptian market and the investor-friendly policies of the government drive us to develop unique world-class projects in Egypt that compete internationally.” “The Marina project and the unique amenities of Marassi, its beaches and golf courses will also include a collection of world-class award-winning hotels from our Emaar Hospitality Group which marks an important step towards attracting luxury tourism to the area all year round,” he added. The entire project of Marina will include, once it is completed, 3,200 luxury apartments, 600 (five and four stars) hotel rooms and suites, in addition to Marina boardwalk spreading over three kilometres with 35,000 sqm of high-end retail, fashion and brands outlets, and famous restaurants. This project will create thousands of direct and indirect job opportunities during and after construction, bolstering the North Coast’s economic growth throughout the year. More»
Amwal Al Ghad English - 2018-01-10 13:30:50
Egypt’s state-owned construction firm Arab Contractors says it has won the 2017 Global Best Project Award in the Renovation/Restoration category by U.S. Engineering News Record (ENR) Magazine. The company has received the award in recognition of its pioneering role in renovating the Greek Orthodox Church of St. George, Mari Girgis in Old Cairo, said AC’s chairman Mohsen Salah on Wednesday. “ENR is keen on giving awards to the firms, which execute the best flagships in building and construction fields all over the world,” Salah further added. More»
Marwa Hemdan - 2018-01-10 09:13:58
Egypt’s Arab Bureau for Design and Technical Consultation has won a mandate to prepare the engineering designs of developing two land plots in favour of state-run Heliopolis Company for Housing and Development. The land plots are located in Sheraton area, a source with knowledge in the county's Holding Company for Construction and Development (HCCD) said Tuesday, referring that Heliopolis Housing seeks to execute a new residential project there within 2018. Arab Bureau is joining forces with Amar Misr Consultants (AMC) and a public sector firm to prepare the engineering designs, the source further told Amwal Al Ghad. “The land plots will be developed, through implementing standalone residential buildings,” he added, adding that the all designs are to be completed mid-2018. The new project’s construction works will be carried out before the end of 2018, the source said, adding: “Heliopolis Housing targets doubling its business volume with the new year, by launching a number of mega residential projects.” More»
Amwal Al Ghad English - 2018-01-10 08:38:07
UAE-based Union Properties (UPP) announced Wednesday that its wholly-owned subsidiary, UPP Capital, has bought a 5.68 percent share in Egypt’s real estate pioneer Palm Hills Development. Cairo-based Palm Hills was established in 2005 and it is one of the major real estate firms in the Egyptian market, and it is mainly focusing on developing integrated residential and commercial projects, as well as hotels and resorts, UPP highlighted in a statement to the Dubai Financial Market (DFM). Given that Palm Hills’ portfolio is comprised of 25 real estate projects, spreading over more than 27 million square metres across Egypt. More»
Marwa Hemdan - 2018-01-09 13:42:06
Egypt’s Holding Company for Construction and Development (HCCD) plans to deliver 39 residential buildings within the first phase of the county’s new administrative capital within June 2018, a source said Tuesday. Around five construction affiliates have won a mandate to execute the buildings, at total costs approaching 500 million Egyptian pounds ($28.3 million), an official source in one of those affiliates further told Amwal Al Ghad. “The current period witnesses implementing the finishing works,” he added. The source referred that HCCD has been tasked its affiliates with carrying out a number of new buildings at the ministerial district in the new capital as well as utilities works during 2017. The value of these works is estimated at around 3.5 billion pounds, he said. More»
Amwal Al Ghad English - 2018-01-08 13:36:28
Egypt seeks to deliver a number of development projects within the first quarter of 2019, with investments of around 268 billion Egyptian pounds ($15.2 million), Housing Minister Moustafa Madbouly said Monday. These flagships will include 355,000 residential units as part of the county’s social housing project, at costs of 71 billion pounds in addition to 155 drinking water stations, at costs of 26 billion pounds, Madbouly said. The works are also to encompass 185 sewage stations, at costs worth 46 billion pounds, 84,000 housing units to develop slums, at costs worth 14 million pounds, and utilities works in the new cities, at costs worth 19 billion pounds, the minister added. In addition, the development flagships are set to comprise 750-km road and bridges, at costs of 7.5 billion pounds and 89,000 residential units under the county’s state middle-income residential flagship Dar Misr as well establishing a bunch of new cities, Madbouly referred. “These cities are: the new administrative capital, New El Alamein, western Qena, eastern Port Said, New Mansoura, and Hadayek October as well as Sheikh Zayed, Toshka, Western Beni Suef, Western Mallawi, and 6th October Oasis, at costs of 35 billion pounds,” he said. More»
Amwal Al Ghad English - 2018-01-08 13:26:31
Talaat Moustafa Group, one of Egypt's largest real estate developers, reported Monday a 118 percent increase from a year ago in its third-quarter profits reaching 410.8 million Egyptian pounds ($23.2 million). Earlier, profits stood at 188 million pounds during the third quarter of 2016. The company generated sales worth 13.1 billion pounds in 2017 up from 6.55 million pounds in 2016. More»