amwalalghad :: Real Estate

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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

Yomna Yasser - 2014-04-07 13:53:51
Egypt-based Tameer Mortgage Company - Al Oula signed today a cooperation protocol with 3 additional Egyptian developers on the sidelines of the Cityscape Real Estate Summit. Al Oula signed the protocol on Monday with Hyde Park Properties for Development (HPD), Arabia Group for Real Estate & Tourism Investment, and Tameer for Real Estate Investment. The protocol entailed the financing of up to 80% of built residential, commercial and retail units, where Al Oula would provide clients with loans to finance their properties. The mortgage loan would cover remaining payments on clients' units including delivery payments, with the option of lending the cost of finishing core and shell units as well. Payment terms could be extended up to ten years. More»
Amwal al Ghad English - 2014-04-07 13:17:13
Egypt’s Political stability within the early of 2014 contributed in boosting the deferred demand for residential units over the past years, as the indexes of demand on real estate increased by 17% within last February, Amad Almsaodi, CEO of Aqarmap.com said. He added in keynote speech at City Scape Summit 2014 today that the indexes of Aqarmap.com succeeded in monitoring the movements of the real estate market in Egypt during the last period, revealing that the individuals’ trends towards  owning  areas by the stability of political situations in state. El Harm, Al-Mohandseen, Sixth of October ,El Rehab and New Cairo are much closer zones to real estate developers’ concerns in Egypt by the upcoming phase, as well as the investors trend to own areas near of Madinety and New Heliopolis, Almsaodi added. Furthermore, he explained that Aqarmap is targeting to achieve compatibility among the desires of clients and the submitted potentials in the real estate market currently, through monitoring the conditions of the real estate market and the providing services or prices for residential units in different regions. More»
Amwal al Ghad English - 2014-04-07 12:46:38
Tarek Shoukry, CEO of Arabia Group for Real-Estate Development & Urban Progress expected that the residential units will by increased by 30% within the upcoming two years as results of the higher prices of constructions, labors and building materials, so this year is optimized for the purchase of residential units, noting the continuation of the residential units’ deficit against lack of supply will raise the prices. The political and security turmoil asserted that the real estate sector is a safe haven for investment, as the last period was the hardest time in real estate’s history, Shoukry added at City Scape Summit 2014 today. The volume of demand in the Egyptian market is the largest and it is a real demand that won’t base on speculation or investment substantially and this will make the real estate investment in the Egyptian market with a big return in the next stage, Shoukry noted. More»
Amwal Al Ghad English - 2014-04-07 12:07:55
Egyptian developers Sixth of October Development and Investment Co. – SODIC (OCDI.CA) and Tameer Mortgage Company - Al Oula signed today a cooperation protocol on the sidelines of the Cityscape Real Estate Summit. The protocol entailed the financing of up to 80% of built residential, commercial and retail units, where Al Oula would provide clients with loans to finance their properties. The mortgage loan would cover remaining payments on clients' units including delivery payments, with the option of lending the cost of finishing core and shell units as well. Payment terms could be extended up to ten years. The protocol comes with multiple benefits for all parties; facilitating clients' access to financing, shortening the cash collection cycle for the developer and boosting the mortgage finance market which is largely underutilised.Egypt's largest real estate exhibition Cityscape Egypt, held on 9-12 April in Cairo, has kicked off on Monday under the auspices of Minister of Housing, Utilities and Urban Development Mostafa Madbouly and Dr. Khaled Hanafy, Minister of Supply and Internal Trade, Sherif Samy, Chairman of the Egyptian Financial Supervisory Authority and more than 200 leading investment and financial institutions. More»
Amwal Al Ghad English - 2014-04-07 11:52:05
The new legislative amendments to support Egypt’s real estate sector will be finalized within 2 months from now, according to Housing Minister. In a keynote speech on Monday at Egypt's largest real estate exhibition Cityscape Egypt, held on 9-12 April in Cairo, Minister Mostafa Madbouly said the current interim government strongly believes that the new legislative amendments are key to easing sector hurdles, improving Foreign Direct Investment (FDI) climate and to re-ignite investors' confidence". "The Ministry took solid steps to revive the sector for the upcoming years, which are manifested in the ease of land allocation processes in new cities. Furthermore, the government has awarded a grace period of one year to all operating companies on the account of exceptional circumstances the country is experiencing," he added. "We are working aggressively on amending legislations, which will create an attractive investment climate. In addition, we are working to finalize all investor settlement cases in order to reinstate investor confidence in Egypt," Madbouly affirmed. More»
Amwal al Ghad English - 2014-04-07 11:13:56
Egypt's Housing Ministry is aiming to finalize all the unsettled cases with all investors, minister Moustafa Madbouly said on Monday. In a keynote speech at Egypt's largest real estate exhibition Cityscape Egypt, held on 9-12 April in Cairo, Madbouly stressed that stressing that the Ministry seeks to restore investors' confidence in Egypt.  "We are working aggressively on amending legislations, which will create an attractive investment climate. In addition, we are working to finalize all investor settlement cases in order to reinstate investor confidence in Egypt," Madbouly affirmed. These settlements will keep the state’s right and solve the dilemma of investors without restoring to the judiciary, noting that each case that will be solved with the investors, will send a confidence message regarding real estate investment in the Egyptian market, Madbouly added. He added at City Scape Summit 2014 today that the Ministry has put its expectations concerning encouraging the development movement, exiting from the remote valley, activating Egypt’s development scheme for 2052 and creating new generation from the new urban community’s cities along with reviewing its private planned features within the upcoming phase. More»
Amwal Al Ghad English - 2014-04-07 10:39:11
Egypt-based property developer SODIC said on Monday it has not received any official letters from any entity as regards settling its dispute with the Ministry of Housing over Eastown project. The dispute between the Egyptian government and SODIC (OCDI.CA)  is over the land plot No. 16 in New Cairo, on which Eastown project was built by subsidiary SOREAL. This comes after Egyptian Minister of Investment and Trade Mounir Fakhry Abdel Nour announced on Sunday Egypt has settled a dispute with SODIC over one of the company's main projects after the firm accepted to pay $129.08 million in installments over around seven years, according to Reuters. "The dispute is closed," Abdel Nour told reporters about the state's legal dispute with SODIC, one of Egypt's biggest real estate companies, on its Eastown scheme in New Cairo, a development of offices, shops and homes twice the size of London's 97-acre Canary Wharf district. "They found a solution and it was approved by the council of ministers last Thursday," he said. The company had said on February 12 it was in talks with the Ministry of Housing concerning its Eastown land plot. SODIC said its total contracts reached EGP 2.73 billion in 2013, adding that it plans to invest nearly EGP 900 million this year. More»
Amwal Al Ghad English - 2014-04-07 08:38:52
Egypt's largest real estate exhibition Cityscape Next Move has just kicked off today, Monday at the Cairo International Convention Centre (CICC). The exhibition will be held April 7 – 9, under the auspices of Minister of Housing, Utilities and Urban Development Mostafa Madbouly and Dr. Khaled Hanafy, Minister of Supply and Internal Trade, Sherif Samy, Chairman of the Egyptian Financial Supervisory Authority and more than 200 leading investment and financial institutions. International experts will take part in the event to explore new ways of stimulating the real estate sector in Egypt. More»
Amwal Al Ghad English - 2014-04-07 07:57:35
Egypt's largest real estate exhibition Cityscape Next Move is due to start today, Monday at the Cairo International Convention Centre (CICC).  The exhibition will be held April 7 – 9, under the auspices of Minister of Housing, Utilities and Urban Development Mostafa Madbouly and Dr. Khaled Hanafy, Minister of Supply and Internal Trade, Sherif Samy, Chairman of the Egyptian Financial Supervisory Authority and more than 200 leading investment and financial institutions. International experts will take part in the event to explore new ways of stimulating the real estate sector in Egypt.  Madbouly said the government is currently working on creating attractive investment environment, including the amendment of real estate regulations in order to create more job opportunities and keep the development momentum. More»
Amwal Al Ghad English - 2014-04-06 16:04:01
Egypt's largest real estate exhibition Cityscape Next Move will kick off tomorrow at the Cairo International Convention Centre (CICC).  The exhibition will be held April 7 – 9, under the auspices of Minister of Housing, Utilities and Urban Development Mostafa Madbouly and Dr. Khaled Hanafy, Minister of Supply and Internal Trade, Sherif Samy, Chairman of the Egyptian Financial Supervisory Authority and more than 200 leading investment and financial institutions. International experts will take part in the event to explore new ways of stimulating the real estate sector in Egypt.  Madbouly said the government is currently working on creating attractive investment environment, including the amendment of real estate regulations in order to create more job opportunities and keep the development momentum. More»