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        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        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 - 2015-12-05 13:31:25
Egypt’s oil ministry has agreed to provide contracting companies operating in the country with bitumen necessary to carry out road projects, said Hassan Abdel Aziz - Chairman of Egyptian Federation for Construction and Building Contractors. This comes after EFCBC had filed a request to the ministry regarding the contracting firms’ quotas for bitumen needed to prevent serious disruptions to their scheduled businesses, Abdel Aziz added. More»
Amwal Al Ghad English - 2015-12-05 11:03:09
Egypt's construction industry is witnessing a significant revival. The value of project accomplished by private sector firms has reached around 31.3 billion Egyptian pounds (US$4 billion) by the end of 2014, compared to 25.7 billion pounds in the same period a year earlier. Hany Al-Assal, Chairman of Egypt-based leading property developer Misr Italia, told Albayan newspaper that construction and building sector in Egypt is considered to be one of the most profitable and active businesses nowadays. This sector strongly supports Egypt’s economic situation, Al-Assal believed. According to Business Monitor’s latest report, Egypt's construction industry is expected to grow eight per cent in real terms in 2016 after an estimated 9.8 per cent in 2015. The strong government support for PPPs (public private partnerships) and the growing infrastructure project pipeline in the country reinforce our positive outlook for Egypt's construction industry in 2016, the report added. Moreover, according to the Annual Bulletin for Building and Construction (Private Sector), the total value of residential buildings in Egypt is estimated at 7808 million pounds in 2014 versus 6927 million Egyptian pounds in 2013, marking an increase of 12.2 per cent. Private sector firms have implemented water networks and stations with total investments of 569 million pounds in 2014, compared to 309 million pounds in 2013, with an increase of 84.1 per cent. On the other hand, a recent report by the financial service company Premiere Securities revealed that real estate and construction sectors in Egypt have grown 420 per cent during the past ten years, out of which 95 per cent the private sector has contributed to. More»
Amwal Al Ghad English - 2015-11-28 10:08:09
Egypt’s public companies for drinking water and sanitation need around 960.4 million Egyptian pounds (roughly $122.7 million) to run maintenance work and salvage viable spare parts nationwide, state news agency MENA reported Friday citing minister of housing. Mostafa Madbouli’s announcement comes after heavy rain hit the country last month, drowning several cities and paralysing life in many areas in the northern Delta and Alexandria. More»
Amwal Al Ghad English - 2015-11-25 12:26:02
The Board of Directors of Egypt's leading property developer Amer Group accepted the resignation of Mohamed El Sayed -vice chairman-, the company announced Wednesday in a statement. The company also stated that it has appointed Mohamed Salah El-dein Abdel Hakim Amer as managing director to supervise the executive sector for real estate development. Within the first nine months of 2015, Amer Group has achieved consolidated net profit estimated at 111.38 million pounds versus 168.48 million pounds at the same period of 2014. More»
Amwal Al Ghad English - 2015-11-24 12:01:03
Dubai-listed builder Arabtec has replaced its acting chief executive and put another board member in temporary charge, two sources familiar with the matter told Reuters Monday. The loss-making firm, whose largest shareholder is Abu Dhabi state fund Aabar , has been in turmoil for the past 18 months. Its former chief executive and then biggest shareholder Hasan Ismaik quit after a dispute between Aabar , while other senior staff have also departed along with its chairman. More»
Gehad Abd El-Ghany - 2015-11-24 09:59:37
Egypt’s property developer SODIC (OCDI.CA) has signed sales contracts worth 3.6 billion Egyptian pounds (US$460 million) since the beginning of 2015, surpassing last year's full-year total. SODIC, or Sixth of October Development and Investment Company, targets high-income consumers and sells housing units starting at 1.3 million pounds. The company, Egypt's third-largest listed property developer, is targeting sales of 4.1 billion pounds this year, up from 3 billion in 2014. Demand for new housing remains strong and the sector has resilient despite political turmoil. Additionally, the company’s net profit has increased by 111.9 percent in the first 9 months of 2015. The consolidated financial statement revealed that the company has achieved 9-momnh net profit after taxes of 232.5 million pounds, versus 109.7 million pounds the previous year. The company's land bank has reached 3.5 million square metres, he added. It owes the New Urban Communities Authority (NUCA), a government housing body, 2.7 billion pounds which it will pay back over six years, Reuters reported. SODIC will start a new development project in the first half of 2016 on land it bought from the government, Sherif said. The company said in September it had won a NUCA auction for a 30.76 feddan piece of land worth 221 million pounds. More»
Amwal Al Ghad English - 2015-11-21 11:04:55
Leading construction firm, Arab Contractors has completed the establishment of the first Hydraulically Assisted Bridges for heavy transportation and containers in Egypt’s Port Said, said its chairman Mohsen Salah Saturday. Salah added that the total cost of the bridge is around 60 million Egyptian pounds (US$7.6 million), tailored to solve the traffic congestion caused by the heavy transportations and containers coming and to and from the Port Said Customs Authority. Arab Contractors has implemented the bridge project under the supervision of Suez Canal Authority and Sinai Reconstruction Agency in addition to technical assistance provided by professors of engineering colleges from various universities in Egypt. It is a 320-metre length and 15-metre width bridge, said board member Roshdy Taher. More»
Maha Essam - 2015-11-19 14:30:28
Egypt-based Reiada Real Estate Company is seeking to create a presence in some Arab Gulf markets within the current year, its general manager Ahmed Gamal said Thursday. The Egyptian property is studying the launch of its first branch in Saudi Arabia, he added. Gamal said Reiada has set a real estate investment plan for the Arab world, aiming to exchange experience in construction and building sector. Reiada owns multiple key projects in the Fifth Settlement district, southeast Cairo, including residential properties designated for upper-middle class, located in several neighborhoods there such as Diplomats and Lotus. More»
Amwal Al Ghad English - 2015-11-16 14:43:23
Egyptian real estate developer SODIC signed sales contracts worth 3.6 billion Egyptian pounds ($460 million) since the beginning of 2015, its managing director stated Monday. SODIC, or Sixth of October Development and Investment Company, targets upper middle income consumers and sells housing units starting at 600,000 pounds. The company, Egypt's third largest listed property developer, is targeting sales of 4 billion pounds this year, up from 3 billion in 2014. Demand for new housing remains strong and the sector has resilient despite political turmoil. SODIC has invested 2.3 billion Egyptian pounds since the start of 2015 and its land bank has reached 3.5 million square metres, Managing Director Maged Sherif told a news conference. More»
Amwal Al Ghad English - 2015-11-16 12:34:09
Dubai builder Arabtec has submitted a proposal to Egypt's government to construct 13,000 homes in the North African country, the firm's chairman told Reuters Monday. In March 2014, Arabtec signed a memorandum of understanding to build 1 million homes in Egypt by 2020 - equivalent to about 550 per day - but the two parties have failed to agree on final terms and this new proposal is entirely separate, said chairman Mohamed Thani Murshed al-Rumaithi. "We assume they will accept soon," he told Reuters on the sidelines of a conference in Abu Dhabi, declining to give more details. More»