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        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        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        Misr Chemical Industries   5.65        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        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 - 2018-03-11 13:23:06
Egypt’s property developer firm SODIC said Sunday it expects to sign contracts of 15.2 billion Egyptian pounds ($863 million), through executing its residential and touristic project in North Coast within a seven-year timeframe. The new project will be established on two land plots; the first land plot’s space reaches 11 feddans, while the space of the second land plot hits 197 feddans. In October 2017, SODIC signed a memorandum of understanding (MoU) to attain a new land plot over 300 faddans in North Coast resort. The company achieved profits worth 598.62 million pounds during the financial year 2016/2017 up from 441.33 million pounds during 2016. More»
Maha Essam - 2018-03-11 13:19:10
Egypt's property developer Marseilia Group hopes to carry out a new fully-fledged residential flagship in Assiut Governorate, 375km (233.014 miles) south of Cairo, said its chairman Yasser Ragab on Sunday. The new project will be executed on a space of 20 faddans in partnership with one of the investors, who owns the land plot, Ragab further told Amwal Al Ghad. “The company is set to develop and market the project,” the Egyptian official stated, adding that Marseilia seeks to expand its business volume in Upper Egypt within the upcoming period. In addition, Ragab referred that Marseilia Group plans to establish another fully-integrated urban flagship in Nasr City district over 42,000 square metres, with total investments worth around 10 billion Egyptian pounds ($567.8 million). “The new flagship will be implemented on a land plot owned by UAE-based Amlak Finance,” Ragab said, elaborating that it is to include residential, commercial, and administrative parts as well as a hotel. More»
Marwa Hemdan - 2018-03-10 12:00:23
One of Egypt’s major construction firms has been tasked with carrying out the expansion works of 2 power plants in New El Alamein City, northwest of Cairo, an official source in the country’s HCCD said Thursday. The expansion works are with a total cost approaching 166 million Egyptian pounds ($9.2 million), the source in the Holding company for Construction and Development (HCCD) further told Amwal Al Ghad. “The anticipated power plants aim to provide electric power to around 6 areas in the first phase of New El Alamein City,” he stated, adding that the expansion works will be completed within 2018. “The first phase is to include the implementation of a commercial area and 40-storey giant residential buildings,” the source said, referring that these buildings will encompass a number of housing and commercial units. More»
Amwal Al Ghad English - 2018-03-08 13:15:59
Egypt’s ambitious real estate plans will be on the cards at this year’s Cityscape Egypt Conference, as government authorities, real estate stakeholders, and experts reveal how the country will achieve its urban development objectives as part of it Vision 2030 goals. With news that Egypt will increase the size of its urban areas to 12% by 2050 – and with14 cities already in the pipeline to absorb population growth – the country is aggressively undertaking the real estate’s most pressing needs. The 7thannual Cityscape Egypt Conference, will take place at the Four Seasons Nile Plaza on the 12th and 13thMarch – two weeks before the exhibition kicks off. It will include real estate experts, several government authorities, prominent Egyptian developers and thought-leaders who will put the spotlight on challenges and opportunities in the sector under the theme: Re-inventing a real estate destination; strategy, valuation and branding. Addressing the market performance and drivers, Ian Albert, Regional Director for Middle East and North Africa at Colliers, a real estate consultancy, and one of the speakers at this year’s Conference said: “Population growth, increased investment in infrastructure, and investments to hedge against inflation and currency devaluation are boosting property investment in Greater Cairo’s real estate market.By end of 2018, the residential market is expected to be undersupplied by 320,000 units, this gap is expected to increase to 580,000 units by 2022. Translating into required units of approximately 52,000 per annum, while supply is expected to grow by 20,000 units per annum.” As Egypt works towards balancing the supply and demand for housing in 2018 and beyond, investing in property is becoming a major driver. “Given the impact of thecurrency devaluation we witnessed during 2017, the purchasing power decreased for local buyers however, the property investment market is becoming one of the key investment drivers. Budget conscious buyers are pressuring the developers to offer affordable units with attractive payment plans. On the other hand, the currency devaluation has also resulted in an increase in second home buyers from Egyptiansliving abroad,” said Albert on the current trends in the market. The two-day Conference will also include several panel discussions includingVision 2030: Taking on the challenges and achieving the vision with Tamer Waguih, Assistant Head of Central Unit, Ministry of Finance;Ahmed Al Mufti, General Manager, Commercial Affairs, East Port Said Development Company; Amgad Hassanein, COO, Cairo Capital Group; and Dr. Assem El Gazzar, Chairman, General Organisation for Physical Planning. Other topics include: Exporting real estate: Turning Egypt into an international investment destination; The importance of regulating real estate valuation activity to attract international investors; Final thoughts on disruptive technology – the next best thing or just another thing? This year’s Conference – sponsored by Colliers, Kohler, CS Global, Contact Mortgage Finance, Altus Group, and property portal sponsor OLX – willalso include breakout roundtable discussions on mortgage finance, industrial development, facility management, and the commercial and retail sector. Taking place at the Four Seasons Nile Plaza on the 13this the Cityscape Awards for Real Estate in Egypt. Sponsored by JLL, the awards celebrate excellence in real estate development, architecture and forward-thinking leaders.The shortlist has been revealed and this year will see some of Egypt’s notable developers and architects vie for the coveted award in each of the eight categories. Contending for the Leisure & Hospitality Project Award are the projects: Al Hada Complex, Platinum Club, Tucana, and Westown Hub. While Coast 82, Hadaba, IL BOSCO- New Capital, KAI Sahel,and Matangi are all vying for the Residential-Low to Medium Rise Project Award – Future. More»
Marwa Hemdan - 2018-03-08 13:10:42
Egypt’s state-run construction firm Moukhtar Ibrahim says it is executing three major drinking water stations in Sohag governorate, 471km (292.6 miles) south of Cairo, at a cost totalling 600 million Egyptian pounds ($34.1 million). Fayek al-Banna, Moukhtar Ibrahim’s chairman and chief executive officer, said Thursday that the first drinking water station is located in New Sohag City, on the banks of Nile in central Egypt, within a capacity of 35,000 cubic mteres. “The second water station is located in Sohag governorates, which a capacity of 75,000 cubic metres per day,” al-Banna further stated. As for the third water station, the official added that it is one of the biggest plants in Upper Egypt that is located in Tima City, on the west bank of the Nile, with a capacity of 86,000 cubic metres per day. “The company seeks to expand its business volume in a number of Upper Egypt’s governorates as part of the state’s scheme to double the investments of infrastructure there (Upper Egypt),” al-Banna concluded. More»
Maha Essam - 2018-03-07 13:13:04
Egypt’s Concept Real Estate Group plans to launch the third and final phase of its flagship Siela in North Coast within the second half of 2018, said chairman Ehab Abou El Magd on Tuesday. “The company expects to complete marketing the third phase within one year,” Abou El Magd further told Amwal Al Ghad, adding that Seila’s cost has so far increased to 600 million Egyptian pounds ($34.1 million). The Egyptian official referred that Seila, which is established over 10 feddans, will include around 500 units and 650 chalets as well as a number of services facilities that are currently being developed in 3 phases. “The second phase will be completely marketed within the first phase of this year,” Abou El Magd noted. More»
Maha Essam - 2018-03-07 12:10:59
Egypt’s property developer firm Mountain View said Tuesday that it has signed a partnership agreement with Redcon Construction to start developing a new administrative and commercial project in Mountain View 2 flagship in New Cairo. The new project, which is one of Mountain View Company’s biggest flagships, will include a number of commercial shops on various spaces. As part of one of the largest and most successful Egyptian real estate enterprise Dar Al Mimar Group (DMG), Mountain View Company is not simply a matter of real estate and housing. The company provides a lifestyle for those who have high standards and boasts a multinational management team with local and international experience. More»
Amwal Al Ghad English - 2018-03-07 12:03:39
Egypt will start delivering 360 housing units, including 15 buildings in Sadat City, 94km (58 miles) north of Cairo, as part of the first phase of the state middle-income residential flagship Dar Misr within next Monday. Located in Monufia Governorate, Sadat City was named after late Egyptian President Anwar Sadat and it is a first generation new urban community and one of the largest industrial cities in the country. More»
Amwal Al Ghad English - 2018-03-06 12:51:48
Egypt’s President Abdel Fattah al-Sisi and Saudi Crown Prince Mohammad bin Salman have inaugurated Monday Tolip El Forsan Resort over 38 feddans in Ismailia, the capital city of Suez Canal region. The fully-fledged touristic resort, which took 18 months to be built, features old French architectural styles overlooks Lake Timsah and Suez Canal. Tolip El Forsan Resort includes halls for conferences as well as a commercial and marketing annex in addition to a social and cultural club, besides a number of restaurants, said Egyptian Presidency in a statement on Monday. Moreover, Sisi provided bin Salman with an inspection tour of several national flagships on the Suez Canal, highlighting works completed during the Egyptian leader's four-year tenure. The two men inspected New Ismailia City, eastern coast of Suez Canal, on a space of 2,157 feddans. The city’s first phase, which comprises 35,000 housing units, will provide 35,000 job opportunities for youths. More»
Amwal Al Ghad English - 2018-03-06 12:12:13
Egyptian New Urban Communities Authority (NUCA) has approved the urban design of around 18 services, investment, and urban flagships in 8 new cities, said Housing Minister Moustafa Madbouly on Monday. “These projects will be established on a total space exceeding 2,375 faddans or 9.97 million square metres,” Madbouly further added. Waleed Abbas, Assistant to Minister of Housing for NUCA, referred that the 8 new cities are New Cairo, Sixth of October, Hadayek October, Obour, Sheikh Zayed, El Shorouk, New Sohag, and New Assiut. “These projects will contribute to pump investments in the local market and provide more than 15,000 direct and indirect job opportunities,” Abbas said. More»