amwalalghad :: Real Estate

Your English Portal To Arab Economy

Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Pioneers Holding   2.84        Ezz Steel   7.86        Egyptian Real Estate Group   6.85        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        Naeem Holding   0.19        Egyptian Iron & Steel   6.87        Northern Upper Egypt Developme   4.93        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        Egyptian for Tourism Resorts   0.69        Upper Egypt Contracting   0.8        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        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        Ceramic & Porcelain   2.88        Rowad Tourism (Al Rowad)   5.05        Union National Bank - Egypt "    3.25        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        Cairo Poultry   8.32        ARAB POLVARA SPINNING & WEAVIN   2.11        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        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

Marwa Hemdan - 2016-07-10 19:50:58
Three Egyptian construction majors are planning an alliance with some state-run African firms before the end of this year in a bid to win tenders for government-led projects in the African continent. Theses anticipated alliances will focus on winning projects offered by governments of some African countries, notably in infrastructure, road, housing, and services sectors, an official in the Egyptian Federation for Construction and Building Contractors (EFCBC) told Amwal Al Ghad on Sunday. The Egyptian companies that plan to form African consortia are Arab Contractors, Nasr General Contracting - Hassan Mohamed Allam, and Al Ahly for Real Estate Development, the source added on condition of anonymity. These companies have already received serious offers from African governments to cooperate in carrying out some new projects, the source said. Entering into major alliances with African state-run companies will help Egyptian contractors capture significant share in major projects in the continent, the source concluded. More»
Maha Essam - 2016-07-10 13:35:08
Egypt-based property developer M2 Developments, previously known as Misr Al Mahrousa, is planning to reclaim 800 feddans in Al-Nakra Valley in Aswan by the end of 2016, its Chief Executive Officer, Mostafa Aboul Fotouh said Sunday. The reclamation process will cost 100 million Egyptian pounds ($11 million), Aboul Fotouh added. The company will implement the project through its affiliate, Al Fajr for investments and land reclamation. More»
Amwal Al Ghad English - 2016-07-10 09:11:23
Henry Pryor, who has helped people buy homes in London for more than 30 years, says only war would be a bigger threat to the housing market than the conditions it faces now after Britain’s vote to leave the European Union.In addition to the vote, the prime minister has resigned, the main opposition is in disarray, and there may be early Parliamentary elections. And Donald Trump may become US president, something Pryor argues would add further uncertainty to the global economy.“Any one of those five would have been enough to frighten the housing market,” he says. “The only thing more dramatic than where we are now is if we were at war.”While his level of pessimism isn’t universally shared, the EU referendum and its aftermath are striking fear in Britain’s real estate markets. The market has been inflated for years by economic growth and speculation, including by foreign investors looking for a piece of the wealth and stability of London. Now Britain’s vote to leave the EU has raised concerns about an economic downturn as well as the possibility that some companies might have to move business to mainland Europe to retain access to the EU’s single market. More»
Amwal Al Ghad English - 2016-07-10 08:51:28
The investments required for developing New El Alamein city during fiscal year 2016/17 would amount 3bn Egyptian pounds ($337mn), according to a recent report by the Ministry of Planning on the development of the North-Western coast project.The ministry is currently preparing the general plan of the first phase of the city on 8,000 feddans. This first phase will encompass tourist area, part of the downtown area, and the city’s residential area, according to a source at the Ministry of Planning. The implementation of the first phase’s infrastructure was assigned to Arab Contractors and Société Egyptienne D’entreprises (known previously as Mukhtar Ibrahim), which was approved by the cabinet in February. The government allocated 531bn pounds from the state budget and government investment during the current fiscal year to implement development projects and infrastructure such as roads, bridges, electricity, and sanitation. According to the report issued by the Ministry of Planning, which was then broadcast on TV on Friday evening, the ministry will outline the first primary plan of the first phase and establish a drinking water desalination plant, as well as developing the Alexandria-Matrouh coastal road from the 93km point up to intersection with Wadi Natrun-El Alamein road at a cost of 320mln pounds. More»
Amwal Al Ghad English - 2016-07-09 12:15:34
Egypt has implemented 424 water network and sanitation projects with total investments worth 30 billion Egyptian pounds ($3.4 billion) since President Abdel Fattah al-Sisi has been at helm in 2014, housing minister said Thursday. The water network projects implemented during 2014/2015 are estimated at 52 projects with capacity of 763.000 meter every 3 days and total cost of 4 billion pounds, while there were 84 projects executed during 2015/2016 with capacity of 14.4 billion meter every 3 days and total cost of 2.9  billion pounds, Moustafa Madbouli noted. More»
Marwa Himdan - 2016-07-04 13:29:54
Egypt’s construction firm, Moukhtar Ibrahim plans to inaugurate two branches in UAE and Algeria by the end of 2016, its chairman Fayek al-Banna announced Sunday. Banna said the new branches are part of Moukhtar Ibrahim’s plan to expand presence in more countries to compete for more projects there to eventually double its volume of businesses. By 2017, Moukhtar Ibrahim aims to post volume of businesses abroad worth 500 million Egyptian pounds ($57 million), he added. Moukhtar Ibrahim already has two branches in Saudi Arabia and Kuwait, competing to carry out major projects in infrastructure and sectors there, Banna said.
Amwal Al Ghad English - 2016-07-04 10:15:45
U.K. construction unexpectedly shrank at the fastest pace since 2009 in June as the impending vote on Britain’s European Union membership stymied residential building. A Purchasing Managers’ Index slid to 46 from 51.2 a month earlier, Markit Economics said in London on Monday. Economists in a Bloomberg News survey had predicted a reading of 50.7, above the 50 level that divides expansion from contraction. The report adds to evidence that the June 23 referendum was hindering the economy even before the shock vote to leave. Markit said it collected the construction survey data between June 13 and June 29, with just over 80 percent of the responses submitted before the result was announced on June 24.“Construction firms are at the sharp end of domestic economic uncertainty and jolts to investor sentiment, so trading conditions were always going to be challenging in the run-up to the EU referendum,” said Tim Moore, an economist at Markit. “However, the extent and speed of the downturn in the face of political and economic uncertainty is a clear warning flag for the wider post-Brexit economic outlook.” The pound erased gains against the dollar after the data were released and was trading at $1.3257 as of 9:49 a.m. in London, down 0.1 percent since Friday. More»
Marwa Himdan - 2016-07-03 14:14:37
Egypt's property developer Al Ahly For Real Estate Development Company plans to hand over 1,286 housing units in Amwaj project early 2017, said its chairman Hussein Sabbour on Sunday. The project is with investment cost worth 2 billion Egyptian pounds ($225.2 million). Amwaj is located in the midst of Sidi Abdel Rahman bay located on the 136 kilos from Alexandria. Sabbour further said Al Ahly would carry out giant expansions in its Amwaj project in the coming two years, involving building some hotels as part of entertainment works. Al Ahly will resort to foreign specialised companies to run the anticipated hotels in Amwaj, he added. More»
Amwal Al Ghad English - 2016-07-03 10:43:57
It is one of Swedish center-left Prime Minister Stefan Lofven's signature policies - building 700,000 homes in a decade to ease a shortage of dwellings that has business worried about attracting employees and policy makers fearing a property bubble. But Lofven's plans may be pie in the sky, industry officials and analysts say. Decades of weak construction levels combined with a fast growing population has made new homes scarce. Over 80 percent of Sweden's municipalities are suffering shortages, a 30 percent increase since last year, the National Board of Housing said. The shortage could be the Achilles heel of one of Europe's fastest growing economies. It has contributed to house prices clocking up double digit annual growth, sparked fears of losing international business competitiveness and complicated central bank policy in an era of record low rates. More»
Amwal Al Ghad English - 2016-07-03 10:05:34
Touristic Villages Organization requested Amer Group (AMER) to pay 73 million Egyptian pounds ($8 million) for utilising pier of Marina ElAlamein Center as well as other installments of Porto Marina land in North Coast. Khaled Abou AlAtta, Chairman of Touristic Villages Organization, said Sunday that the New Urban Communities Authority (NUCA) has evaluated the company’s construction violations at 50 million pounds in addition to Porto Marina’s installments of 23 million pounds. More»