amwalalghad :: Real Estate

Your English Portal To Arab Economy

GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        Ezz Steel   7.86        Orascom Telecom Holding (OT)   3.92        Rakta Paper Manufacturing   4.39        Egyptian Iron & Steel   6.87        Naeem Holding   0.19        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        United Housing & Development   8.93        Raya Holding For Technology An   4.57        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        National Development Bank   6.72        Six of October Development & I   15.03        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        Rowad Tourism (Al Rowad)   5.05        Union National Bank - Egypt "    3.25        Ceramic & Porcelain   2.88        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

Mohamed Hamdy - 2017-12-26 12:28:32
Egypt’s Maadi Company for Development and Reconstruction says it targets investment returns worth around seven billion Egyptian pounds ($392.6 million) from its flagship Maadi View within three years. Mohamed Raafat, Maadi Co.’s Managing Director for Engineering and Construction Affairs, said Tuesday that his company, an affiliate of HCCD, also plans to pump investments ranging between 800 million pounds and 1 billion pounds into Maadi View until next 30 June. The project is spanning over 136 feddans in Shorouk City, Raafat stated, adding that it will include around 3,000 various housing units and a central park on a space of 30 faddans, with investments of 3-5 billion pounds. “The flagship is being carried out in four phases,” he further told Amwal Al Ghad. On the sidelines of signing a leasing agreement with El-Taamir Mortgage Finance Company (Al-Oula), Raafat referred that Maadi Co. is negotiating with HCCD to provide number of land plots for its affiliates, as part of the county’s new administrative capital project. More»
Amwal Al Ghad English - 2017-12-25 13:10:45
Egypt will start delivering 480 housing units in New Damietta City, as part of the first phase of the country’s Dar Misr middle-income residential flagship within next 15 January. New Damietta City, located 200km north of Cairo and 4.5km far from New Damietta Port over 6,500 feddans, is established by Cabinet decree. It includes six residential districts. More»
Marwa Hemdan - 2017-12-25 12:52:21
Egypt’s state-owned construction firm Arab Contractors has utilised 50 percent of 550 feddans within the first phase of the county’s new administrative capital project, said its chairman Mohsen Salah on Saturday. The utilities works are with at a total cost estimated at one billion Egyptian pounds ($56 million), Salah further told Amwal Al Ghad.“The infrastructure works will include the implementation of drinking water, sewage, irrigation, and communication networks as well as electricity grids in addition to civil works,” he stated. Salah referred that utilities works aim to execute number of mega residential and service flagships in the new capital. Arab Contractors is currently preparing to start carrying out a bunch of other utilities mandates over 1,700 feddans in the new capital within the upcoming period, he said. The company is also set to complete concrete works of El Fattah El Aleem Grand Mosque, one of the major giant facilities in the country, within a six-month timeframe, Salah said. More»
Amwal Al Ghad English - 2017-12-24 13:09:35
Property developer firm Beta Egypt for Urban Development says it has launched the first phase of its new residential flagship Beta Greens in Mostakbal City in New Cairo. The first phase is set to include 200 units, Alaa Fikry, Beta Egypt's chairman, said Sunday, adding that it will be delivered within 2021. The company has set a competitive pricing for the units, along with payment facilities up to nine years of no interest rates, Fikry said. “The project is to be established on a space of 84.7 feddans or 356,000 metres, with investments exceeding five billion Egyptian pounds ($280 million),” Fikry further noted. Betta Greens will encompass 3,000 housing units, varying between apartments, to be carried out in six phases within five years, the Egyptian official stated. More»
Marwa Hemdan - 2017-12-24 13:06:19
Egypt’s Al Ahly for Real Estate Development says it plans to deliver the fourth and final phase of Amwaj Compound project in Sidi Abd El Rahman Bay area in North Coast within July 2019. The company is set to hand over the units of the fourth phase in two rounds, Al Ahly's chairman Hussein Sabbour said Sunday, adding that that the first round will be delivered at the end of 2018. “Amwaj touristic flagship includes developing three land plots,” Sabbour noted. The project’s first and second phases are established on a total space of 200 faddans and 1,363 units, varying between villas and chalets, the Egyptian official further stated, referring that Al Ahly has sold the units of two phases. As for the third phase, it is executed over 80 feddans and encompasses 632 units,” he said, elaborating that Al Ahly has handed over its units. Sabbour confirmed that his company is currently completing the construction works of the fourth phase, which is consisting of 654 units over 80 feddans. “The project’s total investments amount to about four billion Egyptian pounds ($223.9 million),” he concluded. More»
Amwal Al Ghad English - 2017-12-23 13:45:18
Egypt’s state-owned construction firm Arab Contractors says it has won a mandate by Uganda National Roads Authority (UNRA) to carry out two road flagships in the country. Mohsen Salah, AC’s chairman, said Saturday that the first project will include developing and modernising a dirt truck, located 200km from Kampala in south-east of Uganda. The second project will see Arab Contractors carrying out number of water drainages and industrial works for the dirt truck, Salah further stated. The Egyptian company is set to execute the two flagships within a timeframe of 36 months, he added. Besides the two projects, the Egyptian official referred that Arab Contractors has recently implemented a bunch of other mandates, including the rehabilitation of Mulago National Referral Hospital in Uganda. “We will soon start the rehabilitation and expansion of Kayunga Hospital in favour of the Ugandan Ministry of Health, at a value of $13.6 million,” Salah said. Arab Contractors has also completed the first phase of Busega Commercial Market worth $5.1 million in Kampala for Uganda’s Ministry of Local Government, Salah said, elaborating that this phase is established over 7,000 square metres. “The company delivered the first phase of the project last October,” he concluded. More»
Amwal Al Ghad English - 2017-12-21 14:51:12
Egypt is set to establish two monorails, one to link the New Administrative Capital with East Cairo and downtown with length of 52 kilometres, and the other to link Sixth of October City with Giza with length of 35 kilometres , acting Prime Minister and Minister of Housing, Utilities Moustafa Madbouli said. Madbouly called for international and local companies to coordinate with the government and asked the companies to prepare engineering designs, finance, procurement, construction, operation, and maintenance proposals for the monorail project before 15 January 2018. More»
Maha Essam - 2017-12-21 13:39:41
Egypt-based property developer Tatweer Misr aims to increase its paid up capital to 275 million Egyptian pounds ($15.4 million) during the current  month among the company's expansion plan, managing director Ahmed Shalaby said. He added that it is the second time in one year to increase the company's paid up capital, whereas an amount of 50 million Egyptian pounds at the beginning of 2017. Tatweer Misr seeks to increase implementations  rates of its current rates while starting in establishing new projects during the upcoming year. More»
Ahmed Fayez - 2017-12-21 10:47:55
The Egyptian Cabinet recently approved a proposed amendment of Article (15 / b) within the new social housing program and Social funding support. The article amendment  aims to  form a financial reserve in order to achieve the financial sustainability of the social housing fund and provide the necessary financial liquidity through adding a percentage of the sales of the units and lands either allocated or not allocated the social housing programme owned by the New Urban Communities Authorities. In 2016, The Egyptian Cabinet recently approved three new terms within the new social housing program, following the approval of the Social Housing Fund Management Council. More»
Amwal Al Ghad English - 2017-12-20 10:47:52
Egypt is developing around 12 new cities across the country at the same time, a move that would attract new investments and avoid congestion in the Nile Delta governorates, said Egyptian Minister of Housing Moustafa Madbouly on Monday In a special working dinner organised by the British Egyptian Business Association (BEBA) on Monday, Madbouly asserted that his ministry seeks to avoid mistakes made in the development of cities such as the 6th of October and New Cairo. The ministry plans to carry out a monorail as well as a mass-transit scheme and establishing buss links in the new cities such as New El Alamein, New Mansoura, and New Damietta, he added. Madbouly said that President Abdel Fattah al-Sisi’s directives to accelerate works on development schemes was the main incentive to implement large bulk of various national projects in due time. The ministry is racing the time to implement numerous projects in time and meet quality standards. The Ministry of Housing said he met Monday with President Sisi to accelerate works on Rod Al Farag Bridge along the Nile, which will connect Cairo, Giza, Qalioubia governorates, in due time with no delays. This bridge, made by using the latest technologies, will be the biggest in the world and will be in the Guinness World Records as soon as it is finished, with a 64-metre width, the minister added. Moreover, Madbouly stressed that his ministry is working with the private sector not competing with them, by introducing the PPP system through the revenue-sharing mechanism. For the private sector, PPP is a win-win situation, that will relieve financial burdens of depositing down-payment as property developers would then dedicate liquidity to carry out projects instead of buying lands. This week, the ministry has started receiving the technical and financial offers for the second stage of the PPP projects, which includes 13 lands to invest, Madbouly said. Speaking about the future of development in Sinai, Madbouly said his ministry is already developing new cities there, in Ismailia and Port Said, referring to a lot of development plans in the Peninsula built on heavy infrastructure projects. The Egyptian minister also referred that officials in the World Bank and the European Investment Bank (EIB) have commended the progress made in Egypt’s social housing programme, which includes carrying out one million units for low-income citizens.  The ministry has developed 600,000 units in three years and half, he added. The social housing programme is working as a revolving, self-financed with the help of the mortgage finances offered by the banking sector. It does not represent a financial burden to the government at all, creating a vehicle of sustainability not directed by finances from the government, Madbouly added. More»