amwalalghad :: Real Estate

Your English Portal To Arab Economy

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        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        Ezz Steel   7.86        Orascom Telecom Holding (OT)   3.92        Rakta Paper Manufacturing   4.39        Egyptian Iron & Steel   6.87        Naeem Holding   0.19        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        Canal Shipping Agencies   7.39        Egyptian for Tourism Resorts   0.69        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Heliopolis Housing   21.65        United Housing & Development   8.93        Raya Holding For Technology An   4.57        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        National Development Bank   6.72        Six of October Development & I   15.03        Oriental Weavers   20.66        Arab Gathering Investment   16.29        Egyptians Abroad for Investmen   2.75        Palm Hills Development Company   1.61        Credit Agricole Egypt   9.04        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        Al Arafa Investment And Consul   0.17        Prime Holding   0.91        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

Amwal Al Ghad English - 2013-12-17 08:28:29
In press statements, Minister of Housing Ibrahim Mahlab said that the United Arab Emirates (UAE) reviewed the protocol of the establishment of Sheikh Khalifa City as a prelude to signing it. He added that Sheikh Khalifa City would be established on an area of 476 feddans in New Cairo and it would include about 15,000 housing units for Egyptian youth, asserting that the project would be financed by the UAE. More»
Amwal Al Ghad English - 2013-12-16 11:46:55
Holders of Dubai-based developer Emaar Properties' convertible bonds have asked the company to convert them into shares, Emaar said in a bourse statement on Sunday. Emaar said its board would discuss the matter at a meeting on December 17. Emaar issued a $500 million convertible bond in 2010. More»
Amwal Al Ghad English - 2013-12-15 12:27:02
SODIC (OCDI) began delivering the first of its fully-finished exclusive Forty West apartments. Designed by internationally acclaimed Boston-based Machado and Silvetti Architects, Forty West was launched in December 2009 and its first core and shell building was delivered in 2011. The apartments’ interiors are designed by renowned local interior designer Eklego, who recently won the ZIMMER + ROHDE INTERIOR CONTRACT AWARDS 2013 in the residential category for their work in Forty West. The award recognises interior designers for their creative work and honours international projects that emphasize individual design and furnishing with textiles. Designed as a mixed-use neighbourhood, Forty West offers fully-finished apartments at the highest international standards, offices, boutiques, restaurants, open spaces and a luxurious hotel, all surrounding a 2,500 square metre Piazza. Forty West is one of Westown’s neighbourhoods which include Westown Residences, Westown Hub and The Polygon Business Park. Almost all Westown developments are witnessing deliveries this year, with deliveries in the first phase of Westown Residences beginning a whole year ahead of schedule – a mere two years since its launch in December 2011. Westown is SODIC West’s mixed-use city centre, developed over 1.2 million square metres of land and designed to be the anchor for Sheikh Zayed city, bringing together the fundamentals of residential, social and commercial life in one place. More»
Islam Salah & Ahmed Ali - 2013-12-10 13:01:31
Egypt's second largest real estate developer Palm Hills Developments (PHD) (PHDC.CA) is planning to pump an amount of one billion Egyptian pounds during 2014, seeking to bolster its current projects in eastern and western Cairo as well as in North Coast. Tarek Abdel Rahman - Chief Investment Officer at Palm Hills – told Amwal Al Ghad that the planned investments reflect the company’s confidence in the real estate investment climate in Egypt within the upcoming periods. He also noted that pumping new investments will enable Palm Hills to speed up the implementation of its current projects so as to be delivered to their clients. Moreover, Abdel Rahman has stressed on the legal standing of Palm Hills’ lands in eastern and western Cairo as well as in North Coast. Within the first quarter of 2014, Palm Hills is intending to deliver a number of its housing units in eastern and western Cairo as well as in North Coast to its clients. More»
Amwal Al Ghad English - 2013-12-05 09:33:53
Eng. Hussein Sabour,  CEO of Al-Ahly for Real Estate Development Co said his company is ready to develop full city and provide facilities for it in partnership with the country, starting from today Thursday, in strong Gulf partnership. Sabour added that his country is the only motive for offering areas and provide facilities to it without the partnership with the private sector, despite his ability to cooperate with the government in order to achieve the development. He added that the Real Estate sector is considered to be one of the best markets to invest in it as many elements for establishing residential areas have been provided. Eng. Ibrahim Mehlab, Egyptian Housing Minister said he is ready to consider PPP system, asserting that around 24 decrees have been inked in the last month regarding the outstanding problems. More»
Amwal Al Ghad English - 2013-12-04 15:25:18
Mr. Mohamed Alabbar, Chairman of Emaar Properties said his company succeeded to achieve EGP4 billion sales within the current year, despite the political and security turmoil which experienced by Egypt, asserting that Emaar is seeking to discover fresh investment opportunities in the Egyptian economy. Alabbar added in a keynote speech at the Gulf-Egyptian investment formula that the Egyptian government is currently striving to support economic growth, noting that UAE is considered to be the largest investor in Egypt with 23%. He illustrated that Egypt was from the top countries which Emaar called to invest in, explaining that the total investments of Emaar reached EGP57 billion of its real estate projects in the country. He revealed that Emaar’s investments up 700% after passing 7 years in Egypt, so it ranked first in compared with the other countries. He confirmed that all the markets are suffering from bureaucracy, not only Egypt, which obligates them to be realistic in dealing with these problems and solve them, pointing out that Emaar is suffering from bureaucracy in the Egyptian market.
Amwal Al Ghad English - 2013-12-02 15:05:53
Yasseen Mansour – the Chairman of Egypt's second largest real estate developer Palm Hills Developments (PHD) (PHDC.CA) – has returned to Egypt on Monday to resume managing the firm as its chairman at headquarters in Smart Village. The return of Egypt’s fifth richest man, the 51-year-old Mansour, comes after facing allegations of corruption in a case involving the sale of state land to Palm Hills. Mansour was previously chairman of Palm Hills and of Credit Agricole Bank, but resigned and left the country after the fall of Hosni Mubarak when he was charged with corruption over the misappropriation of state land for Palm Hills. In July 2012 he was cleared of the charges. Mansour, whose fortune is worth around $2 billion according to Forbes, is the brother of Mohamed Mansour and Youssef Mansour, who own the Egyptian conglomerate the Mansour Group. More»
Amwal Al Ghad English - 2013-12-02 08:50:31
Minister of Housing, Utilities and Urban Development Ibrahim Mehlab discussed on Sunday 1/12/2013 with Kuwaiti Minister of State for Housing and Municipality Affairs Salem Mutheyeb Ahmed Al-Utheina means of bilateral cooperation. During Mehlab's visit to Kuwait, the two ministers held talks on ways to promote cooperation in the field of construction, in addition to the exchange of expertise in investment and housing domains. Mehlab visited sites of projects carried out by Egyptian companies including The Arab Contractors. The Egyptian Minister flew to Kuwait on Friday leading a large delegation for a three-day cooperation visit. More»
Amwal Al Ghad English - 2013-11-27 07:51:03
Cairo Festival City Mall opened in Cairo on Tuesday after a three-year delay. Developers describe it as the premier mixed-use urban community in Egypt, extending over three million square metres.The mall is developed by Al-Futtaim Group Real Estate Egypt, part of the Dubai-based Al-Futtaim Group with contracts amounting LE7 billion (almost $1 billion). A 33,000 square metre IKEA store, the Swedish furniture manufacturer, has drawn particular attention from shoppers. The mall hosts hypermarket Carrefour, department stores Marks & Spencer and Debenhams, as well as a 16-screen Cineplex. CEO of Al-Futtaim Real Estate Company Mohamed El-Mekkawi has previously accused the government delaying the project by refusing to allocate licences. The mall was inaugurated by Egyptian Industry Minister Mounir Fakhry Abdel-Nour and United Arab Emirates minister Sultan Ahmed Al-Jaber. A statement by the Egyptian industry ministry says investment in the project will reach LE17 billion. More»
Amwal Al Ghad English - 2013-11-26 09:45:08
The UAE-based developer Emaar Properties PJSC (EMAAR:DFM) is planning to build a major touristic project in Egypt through taking part in the development of 111 feddans belonged to the biggest state-owned hotel owner in Egypt; the Egyptian General Company for Tourism & Hotels (EGOTH). Mervat Hataba - acting chairman and managing director of Holding Company For Tourism, Hotels & Cinema ( HOTAC) – stated that her firm is studying an offer made by UAE-based real estate developer Emaar Properties to build a major touristic project through developing 111 feddans owned by EGOTH in addition to another 58 feddan land plot in Suez governorate, according to Al Khaleej newspaper. The project will comprise a 120-room hotel, shopping mall and a spa. Talks are underway with Suez Governorate over contributing to the project in return for awarding usufruct to Emaar, Hataba said, adding that a joint venture is being established between EGOTH and the governorate to invest the land. The top official estimated the project’s investment cost at EGP 2 billion. More»