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        Canal Shipping Agencies   7.39        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        Egyptian for Tourism Resorts   0.69        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        Egyptian Financial Group-Herme   7.42        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

Marwa Hemdan - 2018-03-03 09:57:16
A major construction firm was mandated to execute 15 residential towers in the first phase of New El Alamein City, northwest of Cairo, by Egypt’s Ministry of Housing during the last period, an official source in the firm said Thursday. Speaking to Amwal Al Ghad, the source added that these works are set to be completely handed over within a timeframe of two years. During the last two months, he further elaborated that Egyptian property developer Dorra Group started carrying out the initial works of two towers in New El Alamein City. “There are 11 construction firms working in the city within the current period, notably Arab Contractors, Dorra Group, Hassan Allam, Orascom Construction (OC), and SIAC Holding Development,” the source referred. More»
Marwa Hemdan - 2018-03-01 14:01:46
Egypt’s Ministry of Housing will start launching a number of housing units for citizens at the third residential district in the country’s new administrative capital, some 40km (24.8 miles) east of Cairo, within March 2018. The third residential district was completely executed during 2017, Khaled Al-Husseini, spokesman and public relations manager of New Administrative Capital Company for Urban Development, said Monday. “The first phase of the new capital witnesses the implementation of eight residential districts,” Al-Husseini states, adding that the new capital’s project is designed for middle and high incomes and will provide direct and indirect job opportunities. “The seventh residential district is to be established on a space of around 2,500 faddans, where there are a bunch of land plots are currently being launched for real estate investors,” the Egyptian official further referred.The under-construction new capital city is part of the government’s plan to expand urban areas to deal with the country's rapid population growth and improve the nation's infrastructure. The city will be a 270-square-mile hub with 21 residential districts to accommodate five million people. 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 - 2018-03-01 11:26:52
Egypt’s Housing Ministry has allocated three land plots over 5.6 million square metres for a number of investors in New Toshka City, 1km far from southeast of Aswan, said Minister Moustafa Madbouly on Wednesday. In 2016, Egyptian President Abdel Fattah al-Sisi issued a decree allocating 922 feddans in Toshka to the New Toshka development flagship, which is now part of 1.5 million-Feddan Project. On December 30, 2015, Sisi launched in Farafra the 1.5 million-Feddan Project, which is one of mega national flagships and the pillars of a step toward the future. It is set achieve sustainable development. This project is a model for the modern Egyptian countryside that will be a model for a series of villages, addressing the problems of the past and invest the present elements. “We (Housing Ministry) have assigned a land plot on a space of 167 feddans in favour of the state’s Al Abbas Import, Export, and Trading Agencies Company to establish a logistics area in New Toshka City’s industrial zone,” Madbouly noted. As for the second land plot, the Egyptian minister referred that his ministry has allocated 1,000 faddans for Al Arabia for Meat in order to execute an agricultural activity at the east of New Toshka City. “We (the ministry) have earmarked the third land plot on a space of 166 faddans in favour of a Chinese investors’ assembly in Egypt to carry out a bunch of factories in different industries in New Toshka City’s industrial zone,” he said. More»
Maha Essam - 2018-03-01 11:21:58
Egypt’s property developer firm SODIC says it plans to pump investments of 3.2 billion Egyptian pounds ($181.8 million) into its flagships within 2018 up from 1.8 billion pounds during 2017. SODIC also targets contractual sales estimated at 8.7 billion pounds from its projects within this year, said its managing director Magued Sherif on Thursday. “The company earlier achieved contractual sales worth 5.7 billion pounds from projects at the end of 2017,” Sherif further added. In addition, the Egyptian official referred that SODIC seeks to deliver 1,048 units in its projects within 2018 versus 1,151 units in 9 projects a year earlier. Sherif clarified that SODIC has submitted offers to attain four public-private partnership (PPP) land plots on total space of 2,054 faddans, including three land plots in Sheikh Zayed city, on the outskirts of Cairo, and one land plot in Sixth of October City. More»
Ahmed Fayez - 2018-03-01 11:17:03
Egypt’s Cabinet has approved Wednesday to provide additional investments of 460 million Egyptian pounds ($26 million) out of the total surplus of the county’s New Urban Communities Authority (NUCA) until June 2018. This comes as part of the county’s National Authority for Potable Water and Sewage (NOPWSD) to continue works on 51 bilateral and triple treatment plants in a number of Upper Egypt’s governorates within the financial year 2017/2018. More»
Amwal Al Ghad English - 2018-03-01 05:58:50
One of the main features of the current development programme in Egypt, which was launched after the June 2013 Revolution, is a focus on infrastructure and national projects (in industry, agriculture, fishing wealth, housing, roads, mining, energy, services, and trades). This approach has come under some criticism. Critics have held, firstly, that the government has given infrastructural projects priority over the human dimension of development, especially in the fields of healthcare and education. International experiences have taken the educational sector as their starting point, since education is the essence and prerequisite of the development process, they argue. Secondly, they maintain that there is no evidence that the huge investments in these national mega projects are yielding a tangible benefit for the ordinary citizen. If there had been, this would have been reflected in per capita income rates, they say. Thirdly, they point to the fact that such projects depend on government actors while the private sector was marginalised. On the surface, such arguments appear logical and sound. In reality, however, they reflect an insufficient understanding of the Egyptian case in the context of previous international experiences and the basic challenges facing the Egyptian developmental process. Naturally, one must not underestimate the importance of the education and health sectors. Nor can it be said that there does not exist a strong and direct relationship between investment in these crucial sectors and comprehensive growth. To invest in education is to invest in the human resources needed to carry out and manage the development process. To invest in health is to safeguard these human resources. More»
Maha Essam - 2018-02-28 13:45:49
Egypt will attain a new tranche worth $100 million out of the World Bank’s $550 million loan to execute a sewage station in 3 governorates before June 2018, First Deputy Housing Minister Randa El Menshawy said Wednesday. “These governorates are Beheira, Dakahlia, and Sharqia,” El Menshawy further stated, adding that the Ministry of Housing has so far obtained $137 million out of the World Bank’s total loan. More»
Maha Essam - 2018-02-28 12:58:58
Property developer firm Beta Egypt for Urban Development says it has launched its fully-fledged commercial project Beta Greens in Mostakbal City in New Cairo, with initial investments of 6 billion Egyptian pounds ($340.5 million). Beta Greens will be carried out over 84.7 feddans in six phases within a five- year timeframe and will include 3,000 housing units varying between apartments and duplexes, said the company’s chairman Alaa Fikry on Wednesday. “The project is set to be executed soon,” Fikry further stated, adding that the first phase will encompass 500 units and will be delivered by 2020. “The project’s built-up area reaches around 18.5 percent,” the official said, referring that his company targets contractual sales worth 2 billion pounds from Beta Greens within 2018. More»
Marwa Hemdan - 2018-02-28 12:56:06
Egypt’s state-owned construction firm Hassan Allam has won a mandate to execute three sewage stations of 140 million Egyptian pounds ($7.9 million) in a number of different governorates, said an official source on Wednesday. “The new sewage flagships will be delivered within a timeframe ranging between 12 months and 16 months,” the source further told Amwal Al Ghad, referring that his company captures total contracts estimated at more than two billion pounds. The company plans to expand its business in the local market, by carrying out a bunch of major projects in Cairo and Alexandria, the state’s second largest city, in partnership with a number of the public sector’s affiliates, he added. “This comes as part of the company’s scheme to expand into the real estate investment activity and develop land plot portfolio,” he noted. In addition, the source referred that Hassan Allam is currently implementing new utilities and residential projects in the county’s new administrative capital city, some 40km (24.8 miles) to the east of Cairo. “The company seeks to deliver the residential works at the end of next June,” the source stated. Hassan Allam has been also mandated to execute other giant buildings exceeding 1.3 billion pounds in the new capital’s ministerial district, he said. More»
Amwal Al Ghad English - 2018-02-27 13:08:36
Profits of Egypt’s state-owned Madinet Nasr for Housing and Development (MNHD) increased by 28 percent to reach 943.2 million Egyptian pounds ($53.5 million) during 2017, announced financial statements on Monday. Earlier, profits stood at 738.7 million pounds during 2016. The company made revenues worth 2.11 billion pounds last year up from 1.7 billion pounds a year earlier. During the January-September 2017 period, revenues jumped to 757.14 million pounds, compared with 457.34 million pounds during the same period in 2016. More»