amwalalghad :: Real Estate

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GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        Ezz Steel   7.86        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        Naeem Holding   0.19        Egyptian Iron & Steel   6.87        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        Misr Chemical Industries   5.65        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        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        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        Union National Bank - Egypt "    3.25        Ceramic & Porcelain   2.88        Rowad Tourism (Al Rowad)   5.05        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        Gharbia Islamic Housing Develo   8.41        General Company For Land Recla   16.6        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 - 2015-04-18 13:47:59
Egypt and UAE have reached an initial agreement to start building around 50.000 units in the Egyptian new administrative capital project, housing minister Moustafa Madbouly announced Saturday. The units will be implemented by Abu Dhabi-based Eagle Hills in three years, at spaces ranging between 55, 90, 120, 130 and 180 metres to include all housing levels and patterns. Madbouli added that the Emirati side has addressed the Egyptian Federation for Construction and Building Contractors (EFCBC) as regards to the Egyptian construction firms’ participation in carrying out the 50.000 units. Within days, the first step to execute the new capital project shall start, the minister noted. The first phase will include entering the water lines, at capacity of 100.000sqm to serve the construction works, and then the residential units. This line aims to serve a total number of 500.000 inhabitants. It shall be executed within three months. More»
Amwal Al Ghad English - 2015-04-16 09:10:22
China’s economy expanded at its slowest pace in six years in the first quarter, held back by a slowdown in construction and manufacturing as the government seeks to re-engineer the country’s growth model. Chinese growth underpinned the global economy in the wake of the financial crisis, but it has been slowing year by year since 2011, affecting everything from the price of iron ore to global sales of luxury goods. The release of the growth figure, by China's National Bureau of Statistics on Friday morning in Beijing, comes as China already shows signs of moving policy more toward supporting growth, continuing its shift away from taming inflation. Residential property sales were down 15.5% year-to-year in the first quarter, as the government's efforts to tame high house prices took a toll. Weak demand threatens a further deceleration in the housing construction that is China's main domestic driver of growth. More»
Amwal Al Ghad English - 2015-04-15 08:07:21
All sectors of the Cairo real estate market have witnessed a positive performance and improved sentiment during the first three months of 2015 due to stronger confidence and investment appetite created by increased economic and political stability. A new analysis from international real estate firm JLL says that this confidence is most clearly illustrated by the recent announcement of the mega real estate project Cairo Capital which will serve as an extension for New Cairo and will draw the centre of gravity further to the East of the existing city. The report shows that residential sale prices have continued to increase across Cairo in the first quarter of the year with office rents increasing in New Cairo and retail rents edging further upwards over the past quarter.  The hotel sector has also recorded improved performance with tourist numbers and hotel occupancy rates improving. More»
Amwal Al Ghad English - 2015-04-15 07:37:24
The New Urban Communities Authority (NUCA) has suggested supporting the plan to develop slums in Egypt using EGP 425m in collaboration with the Ministry of Urban Development and Slums. This will come as part of the proposed plan for the upcoming fiscal year (FY) 2015-2016, Minister of Housing Mostafa Madbouly announced in a statement. In the past few days, the ministry took further steps in realising social justice should include this new suggestion, Madbouly added. He pointed out that it also falls within NUCA’s medium-term plan for 2014-2017. In its second year (2015-2016), it will target the completion of projects already initiated and starting new projects with an amount of EGP 28bn, in order to realise social justice. All necessary facilities and infrastructure will be established in the regions allocated to build housing units and to land parcels. This will take place besides the implementation of treatment plants for drinking water in several cities including 6th of October City, New Damietta and Obour, the minister clarified. More»
Maha Essam - 2015-04-14 11:21:34
Egypt's leading property developer, El Mostakbal for Urban Development has received during March economic summit Kuwaiti and Saudi offers to purchase lands at spaces of 5 million metres, chairman Fathhalla Fawzy said. In exclusive statement to Amwal Al Ghad, Fawzy noted that his company would study those offers and would resume negotiations with the Saudi and Kuwaiti companies in line with preparing a plan to launch the second phase of Mostakbal City. The second phase is to include around 500 feddans representing services hub, and will be launched next June, he added. All the residential parts, covering 1500 feddans, in the project were sold to Al Ahly For Real Estate Development, Wadi Degla Holding Company, and Zizinia for Real Estate Development and Investments. El Mostakbal’s chairman further stressed the real estate sector’s capability to lead Egypt’s economic development and to achieve significant growth rates. The biggest challenge facing the Egyptian Ministry of Housing is to transform the memorandums of understanding (MoUs) signed during the conference into final agreements. More»
Amwal Al Ghad English - 2015-04-12 10:57:09
Egypt's leading construction firm, Arab Contractors (AC) cooperates with a Swiss-based company to build the first phosphate fertilizer plant in Upper Egypt. As pursuant to the Egyptian-Swiss alliance, the Swiss company is set to provide production and operation equipments, whereas Arab Contractors will not only carry out the plant project but also participate in operating in advanced stages. From his part, Mohsen Salah - Arab Contractors’ Chairman - noted that AC had signed an initial memorandum of understanding (MoU) with a Swiss firm operating in the fertiliser sector. Arab Contractors aims to maximise benefiting from the Swiss company’s expertise in fertiliser sector, looking forward to achieving more expansions in AC’s activities, Salah elaborated. Furthermore, Arab Contractors’ chairman also added that his company is currently conducting studies on the plant project in preparation for signing the final contracts. The studies are to determine the timeline for the project, the total cost, and kinds of targeted equipments to be used for the plant. Arab Contractors has also inked a number of initial MoUs with Japanese and Korean companies to implement renewable energy power plant in the coming years, the Egyptian official said, referring that the details about the projects would be announced soon after signing the final contracts. More»
Maha Essam - 2015-04-11 11:16:16
Egypt is preparing for the biggest budget in the history of the housing sector, ranging between 14-15 billion Egyptian pounds (US$1.8-2 billion), the country’s minister of housing announced Saturday. Egypt's Minister of Housing, Moustafa Madbouly revealed that his ministry is currently working on the first budget for the Social Housing Finance Fund, to be later submitted for approval to the fund’s board in the coming days. The fund’s proposed budget is set to be endorsed at value of 14-15 billion pounds in addition to two billion pounds allocated from the state’s budget, he noted. The Egyptian minister further told reporters on Saturday that his ministry is making progress towards achieving social justice, through carrying out large number of projects for low to middle income citizens, notably the "one million homes". The fund will resume the implementation of the "one million homes" project, to ease burden on the state’s budget, Madbouly noted. “The fund’s budget relies on revenues worth 13 billion pounds, generated from units put for sale to citizens, in addition to the first payment worth 1 billion pounds of World Bank’s loan.” Khaled Abbas - housing minister aide for technical affairs and the fund’s executive manager stated. The project’s expenses are at value of 15 billion pounds approximately, including 100.000 under-construction units worth 4 billion pounds in addition to the launch of 160.000 units worth 11 billion pounds, Abbas added. “It is the biggest budget in the Egyptian Housing’s history.” Abbas said Furthermore, Abbas expected that the total number of units to be completed during the current fiscal year 2014-2015 would reach 171.398 units, saying the units being implemented in the new cities would be self-financed by the New Urban Communities Authority (NUCA). NUCA has executed so far 69.548 units, and is currently implementing 103.095 units in two phases throughout the country’s governorates, in addition to 50.016 units as part of the UAE grant, and 1.356 thousand units finances by the Housing fund. The Social Housing Finance Fund is presided by the country’s housing minister, Moustafa Madbouly, with board members including; finance minister Hany Qadry, minister of international cooperation, Nagla Al Ahwany, minister of local development Adel Labib, social solidarity minister Ghada waly, and Armed forced Engineering Authority chairman’s assistant Ibrahim El Sorogy. More»
Amwal Al Ghad English - 2015-04-08 09:48:59
Egypt's Housing Minister Moustafa Madbouly said his country will be "shack-free" in one year, announcing a national plan for developing Egypt's sprawling informal settlements, Egypt's state news agency MENA reported Tuesday. In a meeting with Egypt's Urban Development and Informal Settlements Minister Laila Eskandar, Madbouly announced the plan will develop 77 life-endangering shantytowns. Eskandar said that the joint plan of the two ministries will be executed in 18 governorates, with the bulk of the work in Cairo and Giza where the majority of the country's informal settlements are located. She assured them there will be no forced eviction of residents and that the state will provide housing units for them. Cairo's governor Galal El-Saeed said in the meeting that the government and the NGO Maan for Developing Informal Settlements - represented in the meeting by Egyptian actor Mohamed Sobhi – will replace 11,000 housing units in Cairo, and that land has been allocated for housing replacements. Soad Naguib, head of the Projects Division for Cairo and Upper Egypt at the urban development and informal settlements ministry, told Ahram Online that dwellers in life-endangering slums must be moved to the housing units the state is building, unlike other informal settlements which can be developed where they are located. Naguib said that Egyptians living in unsafe slums, such as ones built on hillsides prone to landslides, are moved to temporary housing in city suburbs before being provided government housing constructed for the purpose of replacing informal settlements. More»
Amwal Al Ghad English - 2015-04-08 09:31:00
Saudi-Egyptian Construction Company (Secon) is planning to build the first 5-star hotel on the Corniche El Nile at Maadi, an affluent district in the south of Cairo, Egypt, said a report. One of the largest companies operating in the real estate market, Secon is jointly owned by the Saudi and Egyptian governments. The company has already reached an agreement with hospitality giant Hilton to manage the property, which will be named 'Hilton Maadi,' reported the Daily News Egypt. Apart from the hotel project, Secon also aims to build a tourist residential tower at Maadi. Over the next five years, the company plans to invest around E£5 billion ($653 million) in key projects, ranging from tourism and above middle-class housing. In New Cairo, the Saudi-Egyptian JV is set to build about 2,000 housing units for above middle-class housing on an area of 68 acres, while at the New Assiut, it will develop 350 middle-class housing units on an area of 11 acres, said the report. Besides this, Secon is also planning a tourism project in New Damietta on an area of 17 acres, it added. More»
Islam Salah & Hesham Ibrahim - 2015-04-07 16:28:16
The Egyptian Arab Land Bank, Housing & Development Bank, and Coldwell Banker are seeking to launch real estate funds in Egypt, sources with knowledge of the matter told Amwal Al Ghad. In this respect, the three parties are in talks with Egypt’s market regulator, the Egyptian Financial Supervisory Authority (EFSA) over the inception of real estate funds soon. For Coldwell Banker, its planned real estate fund will be established in cooperation with one of the investments banks operating in Egypt, the sources added. Last year, Egypt's financial market regulator, seeking to attract capital back to the stock market, released rules to facilitate the creation of real estate funds. The rules included permissible levels for income-generating assets as a percentage of each fund's total assets. The changes would increase liquidity in the market and draw more local and foreign investors, and in return contribute to the revival of the national economy, Samy noted. More»