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Real Estate
Cairo Ring Road to be expanded from 8 lanes to 14 – minister
An ongoing development of Cairo Ring Road will expand it from 8 lanes to 14, or from 37.2 metres to 60 metres in…
Embassies of 30 countries will move to Egypt’s New Capital
The governments of 30 foreign countries have reserved land in Egypt’s new administrative capital, with the…
Egypt’s cement demand may decline 15 % during 2020: Lafarge Egypt CEO
Egypt's demand for cement may decrease by 13-15 percent during the current year on the back of the novel…
Egypt’s NUCA allocates 81 lands for urban, services projects in 23 new cities
Egypt’s New Urban Communities Authority (NUCA), an agency under Ministry of Housing, on Sunday approved the…
4 major contractors negotiating to execute towers in Egypt’s New Alamein – source
Four major construction companies are in talks to implement a bunch of towers in New Alamein – one of Egypt’s…
Egypt’s 5 largest real estate firms report combined drop in profits
Egypt’s five largest listed real estate companies reported a combined drop in profits of around 31 percent during…
Hill International consortium wins Egypt monorail project deal
A consortium led by U.S. project management firm Hill International has won the project management, design review,…
Orascom Construction secures $25 mn loan from EBRD
Orascom Construction (OC) has secured a two-year $25 mn working capital loan after the The European Bank for…
Fitch sees robust demand in Egypt’s real estate sector
Egypt has introduced 20 new city developments and upgraded existing 23 cities which lead to higher demand on…
Egypt lost up to 490,000 feddans to building violations, land encroachments
Egypt lost up to 400,000 feddans between 1980 and 2011, and an additional 90,000 feddans in the past nine years, to…