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

Marwa Hemdan - 2018-03-13 13:20:19
Egypt’s Sabbour Consulting Company is preparing the engineering designs of two residential flagships in the country’s new administrative capital, 40km (24.8 miles) east of Cairo, its vice-chairman Amr Sabbour said Monday. Speaking to Amwal Al Ghad, Sabbour further added that his company will soon sign a contract in order to execute the designs of a number of new fully-fledged major utilities projects at six areas in the new capital city. “Sabbour Consulting is also preparing other the designs of other residential projects in the new capital,” the Egyptian official referred. In addition, Sabbour added that the company is currently preparing the engineering designs of state-owned new giant infrastructure projects in Saudi Arabia and Oman. “Sabbour Consulting won a mandate to prepare the design of a new branch of Al Ahly Sporting Club in Fifth Settlement district in New Cairo,” he said, elaborating that his company is currently carrying out other works in the club. More»
Amwal Al Ghad English - 2018-03-13 13:14:33
Talaat Moustafa Group (TMG), one of largest real estate developers in Egypt, says it plans to complete the expansion works of Four Seasons Hotel flagship in Sharm El-Sheikh resort at the end of 2019. Four Seasons Hotel is with investments estimated at around 4.5 billion Egyptian pounds ($255.5 million), TMG’s chief executive and managing director Hesham Talaat Moustafa told Amwal Al Ghad on Monday. “We have so far finalised 60 percent of the project’s expansion works,” Moustafa stated, adding that the project will be one of the biggest resorts in the world. In November 2017, the official referred that Talaat Moustafa announced that the total cost of the project’s expansion works reached $213 million. More»
Amwal Al Ghad English - 2018-03-13 13:03:43
Egypt’s largest listed real estate developer Talaat Moustafa Group (TMG) says it plans to start executing the construction works of Four Seasons Hotel in its Mubarak-era residential flagship Madinaty city in New Cairo within 3 months. Four Seasons Hotel project comes as part of the company’s scheme to invest around 14 billion Egyptian pounds ($795 million) within 2018, said TMG’s chief executive and managing director Hesham Talaat Moustafa on Monday. “It (Four Seasons Hotel) is one of the most important development flagships,” Moustafa further told Amwal Al Ghad, adding that his company is set to pump investments worth about 6 billion pounds into this project. More»
Amwal Al Ghad English - 2018-03-13 12:49:32
Egypt's largest property developer Talaat Moustafa Group (TMG) has finalised 60 percent of its Mubarak-era residential flagship Madinaty city in New Cairo, chief executive and managing director Hesham Talaat Moustafa said Monday. Madinaty is executed over 8,000 feddans or 33.6 million square metres and it is designed to provide a contemporary lifestyle for 700,000 inhabitants in 120,000 housing units, Moustafa further told Amwal Al Ghad. “The volume of investments implemented in the project is estimated at around 200 billion Egyptian pounds ($11.3 billion),” the Egyptian official stated, adding that Madinaty will be carried out within a ten-month timeframe. “The project’s cost approaches 60 billion pounds,” Moustafa concluded. More»
Amwal Al Ghad English - 2018-03-13 12:43:40
Egypt’s Ministry of Housing said Tuesday it is executing 11,232 housing units in New Mansoura City, 128km (79.5 miles) north of Cairo in the Nile Delta, as part of the country’s middle-income residential flagship Dar Misr. The ministry is also carrying out 4,704 new housing units in New Mansoura City within Iskan Misr as well as other 1,932 homes among the state’s luxury social housing project there. In August 2017, Egyptian President Abdel Fattah al-Sisi issued a decree establishing a new city in Mansoura. The decree approved re-allocating 5,104 feddans or 21.4 million square metres of the state-owned land plots to New Urban Communities Authority (NUCA) to be used in establishing a new urban community, the New Mansoura City. More»
Amwal Al Ghad English - 2018-03-13 07:09:44
Continental Investments, a subsidiary of Egypt-based Landmark Sabbour, has launched Rukan Residence complex in Dubai with investments of $272 million (AED 1 billion). The mixed-use residential complex, spanning 241,547 square metres, was launched by the Egyptian property developer on 11 March 2018 at the Armani Hotel, Burj Khalifa, Construction Week Online reported. Rukan Residence will offer luxurious property in Dubai, in line with maintaining a distinctive Arabian aesthetic identity, according to the real estate firm. The complex will be constructed next to the Arabian Ranches development, showing off a range of serviced apartments, high-end apartments, studios, villas, townhouses, and twin houses. It is worth note that about 70 percent of the project will be earmarked to open areas and green landscapes Commenting on the launch of Rukan Residence, CEO of Continental Investments Ahmad Sabbour said: “The 2.6 million-square-foot project reflects the increase in demand in the real estate sector in Dubai.” "We are confident in the ability of Dubai's market ability to draw foreign investment, providing returns that are from the top regionally,” he continued. Given that Sabbour previously said that Landmark Sabbour is currently considering dual-listing on the Egyptian Exchange (EGX) and the Dubai Financial Market (DFM).
Amwal Al Ghad English - 2018-03-12 13:22:30
Talaat Moustafa Group, one of Egypt's largest real estate developers, says it plans to start launching a number of units in its fully-fledged urban project in the country’s new administrative capital within September 2018. The project is established over 500 faddans in one phase, with total investments of around 35 billion Egyptian pounds ($2 billion), the company’s chairman Hesham Talaat Moustafa told Amwal Al Ghad on Monday. Located some 40km (24.8 miles) to the east of Cairo, the under-construction new capital city will be a 270-square-mile hub with 21 residential districts to accommodate five million people. The city is part of the government’s scheme to expand urban areas to deal with the country's rapid population growth and improve the nation's infrastructure. It will feature 1,250 mosques and churches, a 5,000-seat conference centre, nearly 2,000 schools and colleges, over 600 medical facilities and a park that is projected to be the world’s largest. More»
Amwal Al Ghad English - 2018-03-12 12:26:30
Egypt’s President Abdel Fattah al-Sisi has issued Monday a decree No. 107 of 2018 to constitute a committee in order to launch a number of land plots in Sinai Development flagship. The committee will be headed by Ibrahim Mahlab, Egyptian Presidential Assistant for National and Strategic Projects and former acting Prime Minister. Sisi has earlier urged all citizens and honest businessmen to donate for Tahya Misr Fund in order to finance development projects in Sinai. Developing Sinai is a matter of national security to Egypt, Sisi said during his inauguration of the East Canal Command headquarters on Sunday 25/2/2018 where the tactics of Operation Sinai 2019 are being planned. In press statements on Monday, Presidential spokesman Bassam Radi said the President made clear during his visit to the East Canal Command headquarters that Sinai Development process was launched in 2014 and will continue till 2022. Last February, Sisi said the development flagships in Sinai will cost around 275 billion Egyptian pounds ($15.6 billion), a huge sum that needs the contribution of all Egyptians. The projects cover the entire area of Sinai which total 60,000 square kilometres, almost the same size of the populated land in the entire Egypt, the spokesman said. This means that Egypt is building a new state in Sinai, he further added. The spokesman made clear that development works in Sinai aim at improving the living conditions of residents and luring Nile Valley occupants to live and work in Sinai. More»
Amwal Al Ghad English - 2018-03-12 12:21:44
Egypt will launch a number of land plots over 10 faddans in the new cities within the third phase of the country’s public-private partnership (PPP) flagships, said Assistant Minister of Housing for Technical Affairs Khaled Abbas on Monday. These cities include New Al Alamein, northwest of Cairo, and New Mansoura, 128km (79.5 miles) north of Cairo, as well as West Qena and West Assiut, Abbas made this remarks at Seventh Annual Cityscape Egypt Conference. The the Seventh Annual Cityscape Egypt Conference takes place at the Four Seasons Nile Plaza on 12th and 13th March. “The third phase of the partnership projects is set to be launched at the end of this year,” the Egyptian official referred. More»
Amwal Al Ghad English - 2018-03-12 12:15:04
Capital Group Properties (CGP), part of Abu Dhabi Capital Group (ADCG), is launching a bunch of new housing units in its Egyptian urban flagship Alburouj in New Cairo, said chief projects officer Amgad Hassanein on Monday. Hassanein further made these remarks on the sidelines of the Seventh Annual Cityscape Egypt Conference, which takes place at the Four Seasons Nile Plaza on 12th and 13th March. “It is planned to start delivering the project’s first units within the next Summer,” the Egyptian official stated, adding that Alburouj will include the implementation of a central park over 70 faddans. Moreover, Hassanein referred that the real estate developer firms working in the private sector participate in achieving the urban development and establishing a number of new communities within the upcoming years. More»