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        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        Universal For Paper and Packag   4.94        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        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        Egyptian Transport (EGYTRANS)   7.85        Sharkia National Food   3.78        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

Amwal Al Ghad English - 2015-09-08 13:10:38
Housing Ministry is currently negotiating with Emirati Arabtec over building 100,000 unites only instead of one million units in the One Million Homes Project, minister Moustafa Madbouli said Tuesday. The ministry is also negotiating with the UAE-based developer over the possibility of establishing the 100,000 within five years. Minister Madbouli did not mention any reasons for decreasing the targeted units from one million to 10,000. More»
Amwal Al Ghad English - 2015-09-08 11:00:58
Egypt's SODIC has appointed Maged Sherif as managing director and board member, the country's third-largest listed real estate developer said in a statement on Tuesday. Sherif will take over on Oct. 7, the company said. The previous managing director, Ahmed Badrawi, resigned in June this year. More»
Amwal Al Ghad English - 2015-09-08 09:10:00
Egypt signed an agreement with a Chinese company on building and financing part of a planned new administrative capital east of Cairo, the investment minister told Reuters on Monday. The memorandum of understanding calls for China State Construction Engineering Corporation, also known as China Construction, to "study building and financing" the administrative part of the new capital, which will include ministries, government agencies and the president's office. Egypt had so far only highlighted the involvement of the UAE's Capital City Partners (CCP), which signed an initial agreement for the mega-project at a March economic summit. Egypt's housing minister in June acknowledged "complications" in contract negotiations with UAE businessman Mohamed Alabbar, the founding partner of CCP. More»
Amwal Al Ghad English - 2015-09-08 08:05:06
Bechtel, the US construction giant, is currently focused on the oil & gas sector in Egypt, with interest in the infrastructure sector, according to David Welch, Bechtel’s President of the Europe, Africa, and Middle East region. In an interview with the Daily News Egypt, Welch indicated that Bechtel is looking to work in the infrastructure sector in Egypt. The company is further interested in assisting the Egyptian government in issues related to the application of coal-powered plants, and has been holding talks with the Ministry of Electricity regarding this matter. He further shared his views on the current investment climate in Egypt, and the main obstacles that the country is facing. Which area is Bechtel most interested/active in now in Egypt? First of all, I would like to indicate that Egypt is a really important market for us. We have been working there for quite a number of years. We’ve been involved with Egypt through the various stages of its modern development, so initially we might’ve been focused on power generation, but now it’s moving into other areas. Particularly in this century, there’s emphasis on the oil and gas sector. We were the contractors for one of Egypt’s LNG plants, which is really a terrific job both for our clients in Egypt and for us. We have a very strong record of experience in Egypt, a lot of Bechtel people have worked in Egypt and we have great affection for the market. Our current portfolio is principally in the oil and gas sector. We have active jobs underway with an international oil company in gas development. We are also working on behalf of private clients at a large industrial project that hasn’t reached financial closure yet but shows great promise. I would say our activity has been very good, even after 2011, when there were some difficulties faced by some firms. More»
Amwal Al Ghad English - 2015-09-07 10:34:23
The CEO of Lafarge Egypt, a leader in building materials, is taking part Monday in Euromoney Conference to discuss efforts to support the Egyptian construction sector. Egypt's Euromoney conference is taking place on September 7-8, 2015. In its continued effort to support the country's construction sector, Lafarge Egypt's CEO, Hussein Mansi, is participating in the Real Estate, Construction and Housing panel. Keynote speakers at the event also include Minister of Finance Hany Kadry Dimian, Minister of Investment Ashraf Salman alongside Mohamed Omran, Chairman of the Egyptian Exchange and Sherif Samy, Chairman of the Egyptian Financial Supervisory Authority. The conference, celebrating its 20th anniversary in Cairo, is launching a new agenda format to discuss the current key topics with the focus on an inclusive, audience driven approach via a live Twitter poll. The event, which is themed "Financing the Future," has begun with a series of short films and conversations with key figures in Egypt's financial sector, including Ministers, policymakers, private sector bankers and international financial leaders. In addition, Euromoney 2015 is set to take a look at the current mega projects taking place in Egypt, with workshops discussing the Suez Canal Corridor, Energy and Electricity, and Construction and Housing. "We are excited to be participating in a prestigious event as Euromoney 2015," said Hussein Mansi, CEO of Lafarge Egypt. "At Lafarge Egypt, it is our priority to continue to support the construction sector in Egypt by tackling the current issues the country is facing, and finding solutions to the challenges along with our fellow industry players. As a leader in building solutions, we also aim to continue to do our part in this community to encourage sustainable operations across all plants in Egypt." More»
Amwal Al Ghad English - 2015-09-06 12:03:33
Three Egyptian ministers have announced their attendance at Egypt Real Estate Summit next Monday at the Four Seasons Hotel, Nile Plaza in Cairo. Minister of Housing, Utilities and Urban Communities Dr. Moustafa Madbouly, minister of Investment Dr. Ashraf Salman and Minister of Supply and Internal Trade Dr. Khaled Hanafy are to provide hotly anticipated keynote speeches to update the industry on regulatory progress and the government’s future strategies for real estate development. An overriding focus of discussion for 2015, and one that will be posed to the Ministers live on stage, is the current undersupply of predominantly middle income housing in Egypt. According to research and analysis from the leading real estate advisory firm, Colliers International, the Egyptian residential market requires an additional 500,000 units by 2020 to meet demand, of which 77 per cent is mid-cost units targeting households with an annual income of USD 10,000-USD 25,000 per annum. Mansoor Ahmed, Director of Development Solutions at Colliers in the MENA region states ”While government initiatives are addressing the shortage of economic housing for low income brackets and key developers are launching projects targeting high-income residents, there remains a significant gap in the market for mid-range affordable housing that is required to meet the majority of Egypt’s residents’ needs.” More»
Amwal Al Ghad English - 2015-09-06 11:30:01
Emaar Misr, the Egyptian arm of Dubai's Emaar Properties, will start a development study Cairo Gate Project. In 2012, the two UAE based international real estate giants, Al-Futtaim Group and Emaar signed a Joint Venture agreement worth 5 billion Egyptian pounds to develop ‘Cairo Gate’, the largest lifestyle and entertainment development on an Emaar Misr property of 160 acres of prime land on the Cairo- Alexandria desert highway. Elsewhere, Emaar Misr’s board of directors also agreed to establish a new branch for the group in Mivida project in New Cairo district. The board chose Riham Mohamed Ehsan to be the manager to Emaar Misr’s branch in Mivida. Emaar Misr has registered a 283.8 percent growth in its six-month profits this year.
Amwal Al Ghad English - 2015-09-05 09:07:13
An FCC Aqualia-led consortium has been awarded a contract worth $2.7 billion for the development and operation of a water treatment plant in Egypt. The Spanish company and its partners Orascom Construction (OC), Veolia and the local business ICAT will design, construct and operation the 1.6 million cubic metres of water daily (m3/d) Abu Rawash water treatment plant in Cairo. Once fully operational the plant will provide service to 5.5 million people, making it one of the largest treatment plants worldwide.It is the largest contract awarded in the history of the water management subsidiary of FCC, considering that it will involve a business portfolio for the consortium worth EUR 2.4 billion ($2.7 billion). More»
Amwal Al Ghad English - 2015-09-05 08:52:00
In the last few critical years of Egypt's history, the growth of its economy has depended heavily on the development of the country's real estate sector. The real estate sector in Egypt is dynamic and reliable, serving as the backbone of the nation's economy despite the political and economic setbacks endured in recent years. The value of real estate investments in Egypt has witnessed a sharp increase since 2001 - from €890 million rising to €3.5 billion by the end of 2012, representing a growth rate of 27.5%. Labour markets in Egypt have been favourably assisted by buoyancy in the country's property market. In 2012, the real estate sector absorbed as much as 14.9% of total employment, hiring an equivalent of 3.2 million people and in 2013 the sector contributed 8.3% to national GDP. Industry insiders have since adjusted their outlook for Egyptian real estate, projecting the sector to grow 70% from €6.3 billion in 2012 to just over €10bn by 2020. More»
Amwal Al Ghad English - 2015-09-02 12:59:14
Egyptian investment minister Ashraf Salman signed Wednesday a memorandum of understanding with a Chinese company to develop the new administrative capital, reported the state news agency MENA. This agreement was signed on the sidelines of President Abdel Fattah alSisi's three-day visit to China, which targets boosting business cooperation. Egypt launched in March a new administrative capital east of Cairo at the cost of $45 billion. It will take from five to seven years to construct it. It will be located between Cairo and the Suez Canal region. The new city will include 1.1 million residential units to fulfill the overgrowing population, which now amounts to 90 million people. More»