amwalalghad :: Real Estate

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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        Ezz Steel   7.86        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        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        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        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        Credit Agricole Egypt   9.04        Palm Hills Development Company   1.61        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        Prime Holding   0.91        Al Arafa Investment And Consul   0.17        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 - 2018-02-27 12:34:04
Five major engineering offices have been tasked with executing the designs of fully-fledged infrastructure and utilities flagships in the first phase of Egypt’s new administrative capital project within 2018, an official source said Monday. New Administrative Capital Company for Urban Development mandated these flagships to the five offices, the source in the county’s Al Ahly Real Estate Development further told Amwal Al Ghad. “The infrastructure projects are to include a bunch of drinking water and sewage networks as well natural gas pipelines in addition to road works,” he added. “The utilities projects will encompass giant residential works in favour of a number of real estate investment firms,” he stated, referring that all the works are set to be delivered within a timeframe ranging between 12 and 18 months. More»
Amwal Al Ghad English - 2018-02-27 12:26:52
Egypt’s Informal Settlements Development Fund (ISDF) is developing 5 unsafe slums in Port Said city, 170km (106 miles) northeast of Cairo, at a cost of 481.7 million Egyptian pounds ($27.3 million), said Housing Minister on Tuesday. Established in 2008 by presidential decree No. 305, ISDF is a governmental body that is an affiliate of Ministry of Housing and is responsible for financing slums redevelopment projects. “The fund has developed three dangerous slum areas, including 4,104 units in the governorate (Port Said), at a cost worth 506.9 million pounds,” Moustafa Madbouly further referred. Khaled Sadek, ISDF’s Executive Manager, added that the fund also continues development works on Ezbet Abu Ouf, one of the biggest shanty towns in Port Said, at a cost estimated at 223 million pounds. “The accomplishment rates reached 40 percent,” Sadek stated, elaborating that these works will be completed at the end of June 2018. More»
Maha Essam - 2018-02-27 12:05:49
Property developer firm Beta Egypt for Urban Development plans to inject investments worth 400 million Egyptian pounds ($22.7 million) into its ongoing flagships within 2018, said chairman Alaa Fikry on Tuesday. “The company is preparing to open its commercial centre Golf Mall in Hadayek October area and complete the construction works of its another commercial centre Green Mall, which will be inaugurated by early 2019, Fikry further noted. Hadayek October is located in Sixth of October City. The city, which was established in 1979 by the decree of Egypt’s former President Anwar El Sadat, is 17km from the pyramids of Giza and 32km from downtown Cairo. “The company has achieved contractual sales exceeding 500 million pounds,” the Egyptian official stated, adding that these sales are to be increased to two million pounds within this year. Moreover, Fikry referred that Beta Egypt is currently carrying out its commercial flagship Beta Greens over 84.7 feddans in Mostakbal City in New Cairo. More»
Amwal Al Ghad English - 2018-02-27 12:03:50
Egypt-based property developer Porto Group announced Monday that its net profit after calculating taxes increased by 109 percent, registering 246 million Egyptian pounds ($14 million) during 2017. Earlier, net profit stood at 118 million pounds during 2016. Net revenues jumped by 1.177 percent to 2.384 billion pounds last year, compared with 1.207 billion pounds a year earlier. More»
Maha Essam - 2018-02-27 11:42:28
Egypt's ARDIC for Real Estate Development, SIAC Holding Development, and Polaris Al-Zamil Industrial Park (PZIP) are joining forces to attain an industrial development land plot over 5.5 million square metres in Suez Canal Axis. The alliances have earlier signed a contract with the county’s Suez Canal Economic Zone Authority to obtain the land plot, with target investments worth $3.5 billion, said ARDIC’s chief executive Ashraf Dowidar on Sunday. “It (the agreement) aims to provide 100,000 direct and indirect job opportunities,” Dowidar further stated. The Egyptian official referred that three firms have captured one million square metres out of the 5.5 million square metres in in Suez Canal Axis, which is the most important attractive areas for industrial investments in the country. “The alliance is set to develop the land plot within 18 years,” Dowidar noted. PZIP is a joint venture between Polaris International Industrial Parks, which is a Turkish-Egyptian shareholder structure and Zamil-Holding, a global investment firm based in Saudi Arabia. More»
Maha Essam - 2018-02-27 09:43:24
Emaar Misr for Development reported a solid increase in gross sales in 2017, achieving 11,973 million Egyptian pounds, while net sales came in at 10,893 million pounds according to financial results for the 12 months ended 31 December 2017.Record sales at Emaar Misr developments were led by the extremely successful launches of Marina Residences and the Greek Village at the flagship North Coast development of Marassi, with exceptional demand for Emaar Misr’s international Marina products. Emaar Misr has also announced concluding hotel management contracts with award winning brands The Address and Vida for two of its Marassi hotels and has broken ground for its “The Address Golf Resort + Spa”, signaling a move towards implementation of its non-residential, recurring revenue projects.  Recognised revenues were led by on-target construction progress across all three projects; with deliveries reaching 1,386 units. Revenues recognised according to the Completed Contract (CC) method recorded EGP 4,511 million. Gross profit recorded EGP 1,714 million. Profitability continues to be driven by product innovation, market leadership, and cost control. More»
Amwal Al Ghad English - 2018-02-26 12:14:57
Opportunities to invest in Egypt’s real estate market will take centre stage at next month’s 7th edition of Cityscape Egypt, especially as momentum builds behind new and existing projects from Egypt’s major developers. For real estate developers and investors looking at Egypt this year, 2018 signals a return to a more stable market. According to Oxford Business Group, the country’s improved performance in key sectors, tighter fiscal management and increased capital inflows drove a much-needed economic rebound last year, with growth expected to accelerate further this year. The country also got the stamp of approval from the International Monetary Fund (IMF), who declared earlier this year that Egypt's economic outlook is favourable, following the completion of its second review of the country's reform programme. “At this year’s 7th edition of Cityscape Egypt, we expect to see developers being more competitive as they respond with a wave of new and flexible, attractive plans following renewed interest in the market from both investors and homebuyers and a positive economic outlook,” said Chris Speller, Exhibition Director at Cityscape Egypt. “While 2017 was a challenging year for the country, last year’s Cityscape Egypt attracted a record-breaking number of visitors in what was the largest event in the show’s history. With a 25% increase in visitor numbers compared to 2016. In addition, Cityscape Egypt grew close to 10% selling out all halls. The massive uptake in visitor numbers revealed the appetite for residential real estate from Egyptians, even in the most challenging of times. We expect the same vigour from developers and visitors this year especially as stability returns,” added Speller. Taking place at its new venue, the Egypt International Exhibition Centre (EIEC) in Mehwar Almosheer Tantawy in New Cairo from the 28th until the 31st March, Cityscape Egypt 2018includes 20,000sqm of exhibition space and over 70 exhibitors, with the figure likely to climb as the show approaches. Among the strategies which will be used to attract sales in an increasingly competitive market this year, according to a recent research report by JLL, are extended payment plans and improved community facilities as developers seek to offer more value for money. Community creation has also become a means of creating a competitive edge to target those consumers seeking to maintain a dynamic lifestyle. It’s the reason why many developers will showcase projects that emphasise the ‘live, shop, play’ concept. “It is basically the ability to provide all their (homebuyers) needs at a reasonable and affordable price – this is key especially after the devaluation,” says the property consultant. This year’s platinum sponsor, PROJECTS, will be showcasing its Blues Tiffany development, in Ras El-Hekma on Egypt’s North Coast. The project emphasises the ‘live, shop, play’ concept and is spread over 250 acres.  The developer will be offering a 10% discount and will be revealing flexible payment structures at the show. Optimistic about the real estate industry in the country, Eng Hossam Bahaa, CEO of PROJECTS, said the property sector is the driving force of the economy and is expected to: “raise the Egyptian GDP in the upcoming years, decrease the unemployment and attract foreign investment resulting in the decrease of inflation.” Also, exhibiting this year is Porto Vacation Club who will showcase a range of its seaside accommodation which will be offered with flexible payments plans. “We believe the current real estate market is buoyant and optimistic, which is why we are always looking to create new opportunities for our members to become part of the real estate industry,” says the exhibitor on its participation at this year’s Cityscape Egypt. New to this year’s show are two dedicated days of the Cityscape Egypt Conference, taking place at the Four Seasons Nile Plaza on the 12thand 13thMarch – two weeks before the exhibition kicks off. The Conference includes 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 13this the Cityscape Awards for Real Estate in Egypt, which celebrates 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 Commercial Project Awardare the projects: Palm Central, Zayed Edge, The Lane, Alburouj Smart Village Eastand Alex Bank HQ. While Forty West, Hyde Park New Cairo, Park Views, Project 1, and Stone Park have all been shortlisted for the Residential – Low to Medium Project Award – Built. Going head-to-head for the Retail Project Award are Rivette, Sidewalk, The Alma, and The Yard Mall. Visitors to the exhibition will also have the opportunity to attend the brand-new Cityscape Egypt Talks. These free-to-attend, educational sessions held on the show floor, will feature a range of experts who will discuss and provide attendees with the necessary information on investing in properties, regional market trends, investment hotspots, financing, and banking solutions. Exhibitors at this year’s Cityscape Egypt include: Aristo Developers, Ardic for Real Estate Development, Edge Architects, Madaar Development, Misr Italia Properties, Mousa Coast Development, Tatweer Misr, SODIC, and many more. More»
Amwal Al Ghad English - 2018-02-25 12:30:27
Builders of Egypt IV Forum will be held on March 4, 2018, under the patronage of Prime Minister Sherif Ismail in addition to a number of other ministers, a press release said Sunday. The forum will review the economic and financing prospects for governmental and private projects, in light of the investment environment's development after the implementation of the economic reform program and major national projects over the last four years, according to the release. The forum will host government representatives and delegates from the construction, real estate development, project management, and building materials sectors, according to the Builders of Egypt's statement. The release added that Minister Mustafa Madboli discusses with the participating contracting companies their ability to implement the national projects, and to develop a strategy to organize the Egyptian construction companies and developers to invest in the upcoming projects. Chairman of the Egyptian Federation of Construction and Building Contractors, Hassan Abdel Aziz, said that the volume of business opportunities will witness expansions during the upcoming years. More»
Maha Essam - 2018-02-25 12:19:03
Egypt’s Oscar Misr Real Estate has launched its mini compound flagship Oscar Planet in New Cairo, with investments of 45 million Egyptian pounds ($2.5 million), said chairman Mohamed Behery on Sunday. New Cairo city is located on the southeastern edge of Cairo, 25km (15.5 miles) from Maadi. It was established in 2000 by presidential decree No. 191. “The company plans to develop a land plot in the city as part of the country's Beit Al-Watan project,” Behery stated, adding that this project allows Egyptian expatriates to own lands in their homeland. As for Oscar Planet, the official further referred that it will be established on a space of 1,5000 square metres and will include 40 units, varying between apartments, villas, and duplexes. “The construction works are to be started within the next year,” Behery said, elaborating that Oscar Planet is being developed within a timeframe of two years. Moreover, Behery clarified that Oscar Misr is developing two new standalone buildings over 864 square metres in El Shorouk city, with investments estimated at 17 million pounds. More»
Islam Abdel Hamid & Alzahraa Mustafa - 2018-02-25 12:15:24
Egyptian Mohandes Insurance Company says it has won a policy bid to insure a number of construction, residential, and road flagships worth 10 billion Egyptian pounds ($565.3 million) in the county’s new administrative capital city. The utilities works of the new capital’s first phase are with total cost estimated at around 100 billion pounds, said the company’s chairman and managing director Reda Fathy on Sunday. The works, which were execute over 40,000 square metres, include a bunch of drinking water and sewage stations as well as a major road network, besides tunnel and bridge projects, Fathy further added. The Egyptian official referred that the county is currently carrying out 25,000 housing units at the first residential district in the new capital. Located some 40km (24.8 miles) to the east of Cairo, 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»