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 - 2013-12-22 08:47:55
United Arab Emirates builder Arabtec signalled on Sunday that it aimed to participate more directly in Dubai's property market boom, announcing plans to establish real estate development arms. The firm, whose shares are up 52 percent this year because of expectations for increased business as the UAE spends heavily on infrastructure and residential projects, said it would set up real estate development units in Dubai and Abu Dhabi. Arabtec will partner with other firms to undertake projects in Dubai, Abu Dhabi and the Gulf states, it said in a statement detailing the resolutions of a Dec. 19 board of directors meeting. It also said it would search for new investments, partnerships and acquisitions in the Gulf, though it did not name potential targets. "The board of directors decided to start searching for new investments and entering into new partnerships and acquisitions that would enhance and boost the group's activities and companies." More»
Amwal Al Ghad English - 2013-12-19 14:58:13
Sixth of October Development & Investment Co. (SODIC) (OCDI.CA) announced that it has signed a syndicated medium term loan with an amount of EGP 900 million from four major Egyptian banks, led by the Arab African International Bank (AAIB) as Senior Mandated Lead Arranger and Facility Agent. The loan will be directed to re-financing the Company’s outstanding debts on SODIC West, as well as financing the remaining works in some of its projects there. Commenting on the signature of this facility, Omar El Hamawy, SODIC’s CFO said “We are very glad to have signed this syndication. In addition to streamlining SODIC’s existing facilities on SODIC West, the syndication will enable SODIC to speed up the construction and delivery of its projects while rapidly achieving its potential growth rate as a developer.” SODIC has had a very strong year in terms of sales, reporting an unprecedented EGP 2.6 billion of new contracted sales to date. SODIC is currently delivering units across seven different projects, with Westown Residences’ first phase witnessing deliveries a full year ahead of schedule. The syndication is a testament to SODIC’s credibility as a developer, as well as its strong financial position and the lenders’ confidence in SODIC’s ability to deliver on its commitments. More»
Amwal Al Ghad English - 2013-12-19 08:42:11
Holders of Dubai-based developer Emaar Properties' convertible bonds will receive 18.7 million new shares in the company after its board approved conversion of the instruments, the company said on Wednesday. Emaar issued $500 million of five-year convertible bonds in 2010. Wednesday's statement did not give further details of the timing or price of the conversion. The company currently has 6.09 billion shares outstanding, according to Thomson Reuters data. More»
Islam Salah - 2013-12-18 12:23:58
Mr. Ali Mustafa Ahmad Hasan, the Chairman and Managing Director of Heliopolis Company for Housing and Construction (HELI.CA) revealed that the current plot portfolios reached EGP32 million square meter, in addition owning real estate portfolio up EGP1.7 billion. He has informed Amwal Al Ghad that the current strategy of HELI.CA is based on exploiting these assets through merging between building processes and selling and developing plots in order to provide liquidity for the company and to face the high prices which registered within the last period. He explained that the company succeeded through this strategy to attain sales worth EGP480 million during 2012/2013, adding that this value is considered to be the largest sales for the company since years. More»
Amwal Al Ghad English - 2013-12-18 11:02:44
Dubai's Arabtec Holding denied on Tuesday what it called "recent market and media speculation" that it was looking to buy local contractor Drake & Scull. "Arabtec Holding confirms that there have been no discussions between the management of both companies about a potential deal, and there are no current plans to acquire Drake & Scull either in full or in part," it said in a bourse filing. Shares in Drake & Scull, which are up 93 percent year-to-date, have been buoyed by the merger speculation as well as by Dubai's strengthening economy and real estate market, and expectations that the firm may win contracts related to Dubai's hosting of the 2020 World Expo. In May, Drake & Scull's chief executive Khaldoun Tabari said he had no plans to sell his stake in the company, though he added that there would be more partnerships on projects with Arabtec. More»
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»