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        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        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        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        Egyptian Financial Group-Herme   7.42        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 - 2015-08-12 10:29:34
Egyptian-based leading Arab Contractors has received proposals from several Arab firms, targeting new alliances to boost their volume of businesses in the African continent, an official from the Egyptian firm said Wednesday. According to Ibrahim Mabrouk, Head of Africa sector at Arab Contractors, AC is still studying the alliances requests in terms of the funding and implementation mechanisms. Arab Contractors is seeking in the coming period to expand into its volume of businesses in Africa, Mabrouk said, referring that the company has already joined an alliances with a France-based firm so as to carry out some ongoing projects in Kenya. More»
Amwal Al Ghad English - 2015-08-11 07:28:37
The Engineering Authority of the Armed Forces has settled on a replacement for the UAE financier of the New Administrative Capital project, arguably the most highly-ambitious project championed by the government of President Abdel Fattah al-Sisi during the investors summit last March in Sharm al-Sheikh, sources said. The EAAF has opted for the so-called “Urban Development +5”, which comprises five engineering professors from Ain Shams University, to implement the new administrative capital east of Cairo which would cover 700 square kilometers. The new alliance will apparently replace UAE’s Capital City Partners, a nascent subsidiary of Emaar Misr which was founded especially to implement the project before funding disagreements with the Egyptian government brought negotiations to an end. The new alliance, led by Ayman Ashour, dean of the Faculty of Engineering at Ain Shams, will be announced within days, said the sources, who added that the project will be entirely undertaken by purely Egyptian developers and labor. Hassan Abdel Aziz, chairman of the Egyptian Federation for Construction and Building Contractors (EFCBC), told Al-Masry Al-Youm that the federation had tipped the names of 50 companies to concerned authorities to partake in the project. More»
Amwal Al Ghad English - 2015-08-10 13:18:50
As Egypt celebrates the rewards of a sustained period of endurance following historic official opening of the new Suez Canal, this national victory signals a wave of new opportunities for the country’s major real estate developers who are being tasked with satisfying the demand for new facilities in surrounding areas. With huge prospects opening up for energy, manufacturing and construction related industries at large, it is clear that Abdel Fattah al-Sisi’s declaration to complete the ambitious waterway expansion within a single year in late 2014 has proved to be a positive move in the interests of FDI and job creation. Optimism is high, not least for the scores of real estate developers who are set to take part in the fifth and largest ever edition of Cityscape Egypt on 16-19 September at the Cairo International Convention Centre. Recognising the potential opportunities that are now surfacing in order to provide much needed amenities in the cities of Suez, Port Said and Ismailia, Ahmed Shalaby, Managing Director of TatweerMisr explains; “The current gap between demand and supply and in light of recent positive government initiatives places Egypt as an attractive investment opportunity in the real estate industry with interest focusing on the Gulf of Suez. TatweerMisr is presenting its flagship project Galala - Sokhna in the Gulf of Suez in addition to Fouka Bay North Coast at Cityscape next month. We sincerely believe that Cityscape this year will see a new level of interest that is reflected in the attention this industry is receiving." Major ports, industrial cities, residential centres and mega agricultural projects are set to spring up along the entire length of the canal and a wave of residential projects are now pushing forward following plans to create integrated urban cities that will generate new housing and employment opportunities within the region. The impetus generated by such a large scale success story is also encouraging an appeal for further progress in the construction of the New Cairo Capital, which is now thought to be aiming for an ambitiously reduced completion date. Hany EL Assal, Chairman of Misr Italia Group elaborates; "Cityscape is becoming increasingly important this year amid greater optimism on the part of investors. Misr Italia is completely confident in the real estate sector’s ability to drive the national economy. The Group supports all efforts to advance this vital sector, in addition to its commitment to participating in events that bring together the biggest investors and real estate developers, particularly Cityscape, which has become a unique annual event for the development of the real estate sector." Ismail Yehia, Chief Executive Officer of Trends Real Estate agrees:“Having Cityscape Egypt exhibition right after the grand opening of the new Suez Canal will definitely boost the event which is expected to witness a magnificent growth in real estate demand in the Egyptian Market specially the New Urban Developments.” Cityscape's exhibitions, conferences and seminars are the leading events that bring together key industry decision makers, international investors, developers, government and investment authorities, leading architects, designers, and consultants active in the design and construction of real estate. Sponsors for the 2015 event include Gold Sponsor Al Ahly for Real Estate and Taamir for Mortgage Finance Company Aloula and Associate Conference Sponsor Colliers International. More»
Amwal Al Ghad English - 2015-08-10 08:15:57
A road connecting Upper Egypt and the-Red Sea will be implemented within a year, by July 2016, and will cost 104 million Egyptian pounds (US$13,3 million), Minister of Housing Mostafa Madbouly announced Saturday. The road will be implemented by the New Urban Communities Authority (NUCA) and will be 22 km long to the beginning of the army’s road, between Cairo and Assiut. The minister highlighted that the road will help decrease the number of accidents. Two companies will participate in the construction, the Nasr General Contracting Company, a subsidiary of the National Company for Construction and Development, along with the General Nile Company for Roads and Bridges (GNCRB). A comprehensive development plan is taking place in New Assiut, with 20 feddans of land being allocated to build four colleges and a conference hall as well as a hospital to serve students, a mosque and a sports centre. Another 13 feddans will be used for commercial and entertainment purposes such as cinemas, restaurants and a park. A hyper market will also be built within two years. Two month ago, the Ministry of Housing allocated 5,000 land parcels located in 10 new cities through its sixth public draw of social housing lands. Land sizes ranged between 209 and 276 sqm, the ministry added. Land allocated in 6th of October City, Obour City, Badr, 10thof Ramadan City, Al-Sadat and New Saleheya had a metre price that varied between EGP 565 and EGP 975. The prices of land offered in New Beni Suef, New Assiut, New Tiba and New Qena ranged from EGP 565 and 655 pounds per metre. Last month, the Ministry of Investment received a list of approximately 100 projects from Upper Egypt, to be debuted in the “Upper Egypt Development” Conference to be held in September in Hurghada. Minister of Investment Ashraf Salman said that the government will offer economic feasibility projects, and it will give priority to vital projects such as dry ports, roads to be built through the Build Operate Transfer (BOT) system, and general free zones. More»
Ahmed El Demerdash - 2015-08-08 10:56:29
State-run Misr Travel said Saturday it received four offers to establish a 400,000-metre hotel on Magawish resort, located a few kilometers off the coast of Hurghada. The planned hotel will be with investments worth 3 billion Egyptian pounds (US$383,35 million). Speaking to Amwal Al Ghad Saturday, Rashad Refai – Chairman of Misr Travel - said his company would review the offers submitted by the four firms for touristic investment to eventually announce the winner on August 26 this year. Misr Travel owns a land plot on a space of 850,000 metres across Magawish, where it had already built a 450,000-metre hotel and plans to make use of the remaining 400,000 metres in the launch of a Porto or aqua-park project. Moreover, Refai said Misr Travel seeks to enter the real estate investment market in order to double its profits by implementing a number of hotel and housing projects in the upcoming period. More»
Amwal Al Ghad English - 2015-08-08 09:59:01
Egypt's Nasr General Contracting Co. - Hassan Allam has the potentials to carry out road, bridges and infrastructure works on the new administrative capital project within a consortium of companies, chairman said Saturday. Hassan Allam’s chairman Abdullah Khairy told reporters Saturday that the national companies enjoy both the expertise and efficiency to implement the works needed for the new capital city, with the help an international consultancy firm. Hassan Allam is carrying out some mega projects in Egypt and abroad, he noted. The national construction companies just need financial support to implement projects. More»
Amwal Al Ghad English - 2015-08-06 10:45:18
UAE housing contractor Arabtec has said that negotiations are still underway with the Egyptian government to resolve differences over a one-million-condo construction project. In a statement on Wednesday, the company said the first stage of the project, which involves the acquisition of land and the building of 100,000 housing units, were still under negotiation with the Egyptian Housing Ministry. Arabtec added that details will be revealed once a deal is reached. More»
Amwal Al Ghad English - 2015-08-05 11:26:46
Egyptian property developer Emaar Misr said in a bourse filing Tuesday that Mohamed El Dahan had been named as managing director. It also said Mohammed Alabbar is now non-executive chairman, after previously being chairman and managing director. Emaar Misr said in April the board would vote whether to amend Alabbar's position on the board due to his other commitments in the real estate sector, and there was speculation at the time he would leave the company. Alabbar founded and has led Dubai developer Emaar Properties , Emaar Misr's parent company, since its inception in 1997. A spokeswoman for Emaar Properties said the changes were announced earlier this year during Emaar Misr's initial public offer (IPO) process. "Accordingly, Mr. Mohamed Alabbar is the Non-Executive Chairman of Emaar Misr and Mr. Mohamed El Dahan is the Managing Director and Executive Board Member. Emaar Misr currently does not have a CEO position," the spokesperson said. Emaar Misr floated 12.99 percent of the company in an IPO in June that was heavily oversubscribed, though the stock has performed poorly since the flotation and there was heavy demand for a recent share buyback offer. More»
Marwa Hemdan - 2015-08-05 10:29:57
There are 35 slums in Cairo, which require 500 million Egyptian pounds (US$63,8 million) to be rehabilitated, an official from Cairo government said Wednesday. 60 percent of slums in southern Cairo, where 6 million citizens reside, have been developed and rehabilitated by the governorate in cooperation with the government. The development and rehabilitation of slums encompass re-utilizing, establishing new water, electricity, and sanitation networks, paving the roads, and ailing the existing housing units. More»
Amwal Al Ghad English - 2015-08-04 10:24:13
Utopia Real Estate Investment and Tourism's net profits hiked by 518.87% in the first half of 2015, as it hit EGP 4.96 million (US$625,782) compared with EGP 411,260 for the same period of 2014. According to company's financial statements, the gross income surged 194.2% to EGP 3.5 million in H1-2015, compared with EGP 1.1 million for the similar period of the previous year. More»