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

Maha Essam - 2015-05-12 11:15:14
Egypt’s Engineering Consultants Group (ECG) has won a public-private-partnership (PPP) water project worth $60 million in Kigali, the capital and largest city of Rwanda. The project aims to develop a new, sustainable bulk water supply plant in Kigali to serve Kigali city’ potable water requirements. From his part, Amr Allouba – ECG Chairman – said his company is tasked with conducting the engineering designs and the implementation of the project in cooperation with Metito (Overseas) Limited, UAE-based firm specialized in water management and treatment systems. Allouba clarified that the works of the project would encompass a water treatment plant with a capacity of 40.000m3 daily in addition to a water tank with a capacity of 12.000m3 in Kagarama. More»
Amwal Al Ghad English - 2015-05-12 10:54:57
Partnership for Development Initiative is the first of its kind in Egypt aiming to bolster a sustainable partnership between the private sector, the state, the civil society, and mass media, secretary-general Dina Abdel Fattah said Tuesday. Egypt’s second conference of “Partnership for Development” initiative has started today in Cairo, with the theme “Mortgage Development Partners”.  The event is being organised today under the auspices of the country's regulator, the Egyptian Financial Supervisory Authority (EFSA) and the Mortgage Finance Fund (MFF). The conference displays the means to activate partnerships between governmental bodies related to mortgage systems and the private sector represented in banks, with the aim of providing affordable housing units for all social classes. It further analyses and assesses the Central Bank of Egypt’s 10-billion pounds initiative launched in February 2013 to stimulate the mortgage sector. The CBE’s initiative was intended to provide chances to low and average-income individuals to acquire housing units, under Mortgage Finance Fund regulations, at 7 and 8 percent interest, respectively. Egypt’s real estate sector is a main contributor to its economic growth, affecting more than 90 industries. More»
Amwal Al Ghad English - 2015-05-12 09:23:20
With the theme of “Mortgage Development Partners,” Egypt’s second conference of “Partnership for Development” initiative starts today, under the auspices of the country's regulator, the Egyptian Financial Supervisory Authority (EFSA) and the Mortgage Finance Fund (MFF). The conference, organized by Excellent Communications, discusses partnership mechanisms between the government and the private sector to bolster Egypt’s mortgage sector to reflect positively on social and economic aspects. Leading officials from the Egyptian Federation for Construction and Building Contractors, banks, mortgage firms and real estate developers are participating in the upcoming conference, the statement read. During the conference, head of the EFSA Sherif Samy is set to discuss with participants recently approved legislation and its impact on reviving the mortgage sector. Egypt’s market regulator will also review the key system for the first federation of all entities working in the mortgage market, and its role in supporting the mortgage sector. Further, the EFSA will highlight the role of mortgage finance funds in filling the gap in housing lending. Indicators have shown positive growth prospects for Egypt’s real estate sector in light of upcoming implementation of a number of major projects, including the new administrative capital, launched at the Egypt Economic Development Conference held in Sharm el-Sheik last month, in addition to the 1 million housing unit project. From her side, Dina Abdel Fattah, Secretary-General of " Partnership Development"  Initiative, noted that there will be a round table that is set to include the main players in the real estate finance sector. The conference will also display the means to activate partnerships between governmental bodies related to mortgage systems and the private sector represented in banks, with the aim of providing affordable housing units for all social classes. It will further analyze and assess the Central Bank of Egypt’s 10-billion pounds initiative launched in February 2013 to stimulate the mortgage sector. The CBE’s initiative was intended to provide chances to low and average-income individuals to acquire housing units, under Mortgage Finance Fund regulations, at 7 and 8 percent interest, respectively. Egypt’s real estate sector is a main contributor to its economic growth, affecting more than 90 industries. More»
Amwal Al Ghad English - 2015-05-12 09:25:56
The Egyptian government, being the country’s largest landowner, is benefitting from the housing crisis, characterized by housing prices going beyond citizen’s income, says a housing expert. The Egyptian government was major among forces behind the promotion of “an unregulated property market”, Yahia Shawkat, a housing policy researcher and former consultant at UN-Habitat, wrote in an article on the website of the US-based Middle East Institute. “When prime ministerial decree 350/2007 removed almost all restrictions on foreign companies and individuals buying property in Egypt, prices spiked 116 percent overnight in the suburb-like ‘new cities’ around Cairo that New Urban Communities Authority administers and where most land speculation occurs,” according to Shawkat. “The property boom that ensued from 2007 until the January 2011 revolution saw land prices there balloon at a rate of 148 percent per year,” he added. More»
Amwal Al Ghad English - 2015-05-12 07:38:27
The UAE has signed a cooperation protocol with Egypt’s Ministry of Housing, agreeing to finance the construction of 50,000 in 17 governorates at a value of LE11bln. The protocol entails that the constructed properties will belong to the Social Housing Fund. It further stipulates that revenues from these properties will be used to finance new residential units in the social housing project. The Egyptian Armed Forces Engineering Corps, accompanied by Egyptian contractors, have been supervising the implantation process which started mid-October 2013. The head of the Executive Body for Social Housing told Daily News Egypt that the project is expected to be finalised by July. According to a statement issued by the Egyptian cabinet, the involvement of the Armed Forces Engineering Corps has helped “accelerate the implementation process in all sites”. More»
Maha Essam - 2015-05-11 18:46:41
Egypt’s key property developer, Beta Egypt for Urban Development is studying floating some of its shares on the country’s stock exchange (EGX), chairman Alaa Fikry announced Monday. Speaking to Amwal Al Ghad on Monday, Fikry said his company is currently conducting the assessment studies. Beta Egypt’s has an authorized capital of 500 million Egyptian pounds (US$65.5 million) and paid-up capital of 77.5 million pounds (US$10 million), the chairman added. Founded in 1993, Beta Egypt has been developing distinctive projects around Cairo, including 6th of October City and Obour City. More»
Amwal Al Ghad English - 2015-05-11 13:22:15
With the theme of “Mortgage Development Partners,” Egypt’s second conference of “Partnership for Development” initiative will take place May 12, under the auspices of the country's regulator, the Egyptian Financial Supervisory Authority (EFSA) and the Mortgage Finance Fund (MFF). The conference, organized by Excellent Communications, will discuss partnership mechanisms between the government and the private sector to bolster Egypt’s mortgage sector to reflect positively on social and economic aspects. Leading officials from the Egyptian Federation for Construction and Building Contractors, banks, mortgage firms and real estate developers are expected to participate in the upcoming conference, the statement read. More»
Ahmed Fayez - 2015-05-11 10:23:13
A protocol on corporation to deliver 50.061 residential units between the Egyptian Ministry of Housing and the UAE has been signed Monday. The protocol was signed by Egypt’s Housing Minister Moustafa Madbouli and UAE Minister of State Sultan Ahmed Al Jaber was in the presence of Egyptian Prime Minister Ibrahim Mahlab. Minister Madbouli noted that the protocol is part of the government’s social housing project to carry out one million homes for low-income citizens. The residential units will locate in Cairo (Badr City), Alexandria (Borg El Arab), Port Said (El Raswa), Ismailia (Fayed, east Qantara, El Tal El Kebeer, and Abou Atwa), Suez (Ataqa), Qalyubia (Khanka and Shoubra Elkhiema),  Dakahlia (Taqseem 15 May),  Monufia (Abu Mashhour and Berket El Sabaa), Damietta (Kafr Saad), Beheira (Wadi El Natrun), Giza (Dahshour), Minya (New Minya), Sohag (Kouthar District), Qena (El Saleheya, Naga' Hammadi, Waqf, and El Taramsa), Luxor (El Qarna, Arment, El Tood, Esna), Red Sea (Hurghada), and South Sinai (Abu Zenima, Abou Redis, El-Tor , Nuweiba, Taba, and Dahab).
Amwal Al Ghad English - 2015-05-11 09:03:21
Amer Group's first-quarter net profit jumped to 16.358 million Egyptian pounds ($2.14 million) from 2.027 million a year earlier, the Egyptian real estate company said in a statement to the stock exchange on Monday. More»
Amwal Al Ghad English - 2015-05-11 08:38:58
The Ministry of Housing signed an LE1.2bln loan with the Arab Fund for Economic and Social Development (AFESD), according to a ministry statement Sunday. The fund will be directed to developing sewage networks in 32 in villages in Giza, from villages contaminated by the Al-Rahawi drainage canal as a first stage. Minister of Housing Mostafa Madbouly declared that the ministry succeeded in signing the loan in very short time over 10 days only, adding that the project designs and studies will be ready within six months. Madbouly added that the project implementation will start next year and will be completed in 2017. The project aims at raising the level of health for citizens, reducing the cost of treating diseases associated with water contamination, and improving the deteriorating environmental conditions of the villages targeted in the project. In addition to providing water for agricultural purposes, the project is also set to prevent contamination of groundwater, reduce the amount of dead fish, and provide new job opportunities during the project implementation, according to the minister. More»