REAL ESTATE

20 Feb 2017

Heliopolis Company for Housing and Development signs “Grenada” renovation contract with Arab Contractors

On Saturday, Heliopolis Company for Housing and Development signed a contract with Arab Contractors for the restoration and development project of Grenada City’s historical building, located in Heliopolis, with the attendance of the Minister of Public Sector Affairs, Ashraf El Sharqawy, and Cairo governor Atef Abdel Hamid.

The"...

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14 Feb 2017

Cityscape Egypt 2017 to enhance govt-private sector cooperation for real estate development

Cityscape Egypt will take place in Cairo on March 31-April 3, 2017 at the Cairo International Convention Centre, and will be preceded by the Cityscape Conference, which takes place on March 29-30.

Cityscape Egypt"...

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02 Feb 2017

Mall of Egypt to be inaugurated in Q1 of 2017: Majid Al Futtaim

The company said in a press release on its website on Wednesday that the company’s development projects in Egypt are going according to plan, noting that it will continue to expand its investments in Egypt during this year.

The company announced on Tuesday that results of its business"...

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01 Feb 2017

First phase of Damietta Furniture City to complete late this year

The first phase of Damietta Furniture City, including construction works, will be finalized late this year, said Minister of Trade and Industry Eng. Tarek Kabel.

Already finalized are the technological center premises which include a training center, units for designers and entrepreneur, as the latter aims at utilizing the most advanced furniture"......

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01 Feb 2017

Potain MDT 389s for Egypt

Egyptian construction company Hassan Allam Sons has taken delivery of four 12 tonne Potain MDT 389 L12 tower cranes, the first in the Middle East.

The MDT 389 has a maximum jib length of 75 metres and can lift 3.4 tonnes at the tip. It also comes with the Crane Control System (CCS) operating system. The cranes went straight to work helping build the...

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31 Jan 2017

Egypt's Sawiris markets US$235 mn real estate project on Cyprus beaches

Egyptian business tycoon Naguib Sawiris is eyeing major investments for a US$235 million real estate project on the coast of Ayia Napa in Cyprus.

Sawiris showcased his project in a press conference in Dubai’s"...

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30 Jan 2017

Minister: Egypt determined to end housing crisis in 3 years

Egypt’s housing crisis will come to an end within three years, Egyptian Minister of Housing Moustafa Madbouly said on Saturday.

Speaking at a national youth conference in Aswan, Madbouly said around 166,000 housing units in the government’s social housing scheme are dedicated for Upper Egyptian governorates starting from Fayoum to Aswan.

"......

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30 Jan 2017

Flotation, high lending interest rate, VAT negatively affect real estate investment activity: FEDCOC

Alaa Fekry, member of the Real Estate Investment Division at the Federation of Egyptian Chambers of Commerce (FEDCOC), said that real estate companies face several challenges in the current period which may adversely affect their expansion plans in the current year and increase the prices of real estate units.

Fekry,"...

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29 Jan 2017

Minister: Egypt determined to end housing crisis in 3 years

Egypt’s housing crisis will come to an end within three years, Egyptian Minister of Housing Moustafa Madbouly said on Saturday.

Speaking at a national youth conference in Aswan, Madbouly said around 166,000"...

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29 Jan 2017

Heliopolis Housing starts power plant works in Heliopark City

Egypt’s state-run Heliopolis Company for Housing and Development is implementing power plant in Heliopark City project in New Cairo, said vice chairman Khaled El Marasy on Saturday.

El Marasy further told Amwal"...

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