amwalalghad :: Real Estate

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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 - 2014-04-07 11:52:05
The new legislative amendments to support Egypt’s real estate sector will be finalized within 2 months from now, according to Housing Minister. In a keynote speech on Monday at Egypt's largest real estate exhibition Cityscape Egypt, held on 9-12 April in Cairo, Minister Mostafa Madbouly said the current interim government strongly believes that the new legislative amendments are key to easing sector hurdles, improving Foreign Direct Investment (FDI) climate and to re-ignite investors' confidence". "The Ministry took solid steps to revive the sector for the upcoming years, which are manifested in the ease of land allocation processes in new cities. Furthermore, the government has awarded a grace period of one year to all operating companies on the account of exceptional circumstances the country is experiencing," he added. "We are working aggressively on amending legislations, which will create an attractive investment climate. In addition, we are working to finalize all investor settlement cases in order to reinstate investor confidence in Egypt," Madbouly affirmed. More»
Amwal al Ghad English - 2014-04-07 11:13:56
Egypt's Housing Ministry is aiming to finalize all the unsettled cases with all investors, minister Moustafa Madbouly said on Monday. In a keynote speech at Egypt's largest real estate exhibition Cityscape Egypt, held on 9-12 April in Cairo, Madbouly stressed that stressing that the Ministry seeks to restore investors' confidence in Egypt.  "We are working aggressively on amending legislations, which will create an attractive investment climate. In addition, we are working to finalize all investor settlement cases in order to reinstate investor confidence in Egypt," Madbouly affirmed. These settlements will keep the state’s right and solve the dilemma of investors without restoring to the judiciary, noting that each case that will be solved with the investors, will send a confidence message regarding real estate investment in the Egyptian market, Madbouly added. He added at City Scape Summit 2014 today that the Ministry has put its expectations concerning encouraging the development movement, exiting from the remote valley, activating Egypt’s development scheme for 2052 and creating new generation from the new urban community’s cities along with reviewing its private planned features within the upcoming phase. More»
Amwal Al Ghad English - 2014-04-07 10:39:11
Egypt-based property developer SODIC said on Monday it has not received any official letters from any entity as regards settling its dispute with the Ministry of Housing over Eastown project. The dispute between the Egyptian government and SODIC (OCDI.CA)  is over the land plot No. 16 in New Cairo, on which Eastown project was built by subsidiary SOREAL. This comes after Egyptian Minister of Investment and Trade Mounir Fakhry Abdel Nour announced on Sunday Egypt has settled a dispute with SODIC over one of the company's main projects after the firm accepted to pay $129.08 million in installments over around seven years, according to Reuters. "The dispute is closed," Abdel Nour told reporters about the state's legal dispute with SODIC, one of Egypt's biggest real estate companies, on its Eastown scheme in New Cairo, a development of offices, shops and homes twice the size of London's 97-acre Canary Wharf district. "They found a solution and it was approved by the council of ministers last Thursday," he said. The company had said on February 12 it was in talks with the Ministry of Housing concerning its Eastown land plot. SODIC said its total contracts reached EGP 2.73 billion in 2013, adding that it plans to invest nearly EGP 900 million this year. More»
Amwal Al Ghad English - 2014-04-07 08:38:52
Egypt's largest real estate exhibition Cityscape Next Move has just kicked off today, Monday at the Cairo International Convention Centre (CICC). The exhibition will be held April 7 – 9, under the auspices of Minister of Housing, Utilities and Urban Development Mostafa Madbouly and Dr. Khaled Hanafy, Minister of Supply and Internal Trade, Sherif Samy, Chairman of the Egyptian Financial Supervisory Authority and more than 200 leading investment and financial institutions. International experts will take part in the event to explore new ways of stimulating the real estate sector in Egypt. More»
Amwal Al Ghad English - 2014-04-07 07:57:35
Egypt's largest real estate exhibition Cityscape Next Move is due to start today, Monday at the Cairo International Convention Centre (CICC).  The exhibition will be held April 7 – 9, under the auspices of Minister of Housing, Utilities and Urban Development Mostafa Madbouly and Dr. Khaled Hanafy, Minister of Supply and Internal Trade, Sherif Samy, Chairman of the Egyptian Financial Supervisory Authority and more than 200 leading investment and financial institutions. International experts will take part in the event to explore new ways of stimulating the real estate sector in Egypt.  Madbouly said the government is currently working on creating attractive investment environment, including the amendment of real estate regulations in order to create more job opportunities and keep the development momentum. More»
Amwal Al Ghad English - 2014-04-06 16:04:01
Egypt's largest real estate exhibition Cityscape Next Move will kick off tomorrow at the Cairo International Convention Centre (CICC).  The exhibition will be held April 7 – 9, under the auspices of Minister of Housing, Utilities and Urban Development Mostafa Madbouly and Dr. Khaled Hanafy, Minister of Supply and Internal Trade, Sherif Samy, Chairman of the Egyptian Financial Supervisory Authority and more than 200 leading investment and financial institutions. International experts will take part in the event to explore new ways of stimulating the real estate sector in Egypt.  Madbouly said the government is currently working on creating attractive investment environment, including the amendment of real estate regulations in order to create more job opportunities and keep the development momentum. More»
Amwal Al Ghad English - 2014-04-06 15:53:34
Egypt has settled a dispute with property developer SODIC (OCDI.CA) over one of the company's main projects after the firm accepted to pay $129.08 million in instalments over around seven years, the Egyptian investment minister said on Sunday. "The dispute is closed," Mounir Fakhry Abdel Nour told reporters about the state's legal dispute with SODIC, one of Egypt's biggest real estate companies, on its Eastown scheme in New Cairo, a development of offices, shops and homes twice the size of London's 97-acre Canary Wharf district. "They found a solution and it was approved by the council of ministers last Thursday," he said. More»
Amwal Al Ghad English - 2014-04-02 09:15:15
UAE-based Arabtec Holding announced on Wednesday the appointment of Sami Asad as Chief Executive Officer for its newly created subsidiary: Arabtec Egypt for Real Estate Development, and reporting directly to the MD and CEO of Arabtec Holding. According to the company’s statement on Wednesday, Sami joined Arabtec in 2013 as CEO of its Construction Group. He played an instrumental role in driving Arabtec’s phenomenal growth, with the Company’s backlog reaching unprecedented levels. As the Group continues to diversify its business and expand into new areas, more subsidiaries came on board. One of these is Arabtec Egypt for Real Estate Development, which will be involved in a multitude of projects, notebly the one million housing units Arabtec will develop and construct in thirteen locations across Egypt, the biggest project of its kind in the region which will be led directly by Sami. Commenting on Mr. Asad’s appointment, Arabtec Holding Managing Director and CEO Hasan Ismaik said: “Mr. Asad’s strong background, proven experience in managing mega construction and engineering projects make him the natural choice for leading our new subsidiary which will focus on the real estate sector in Egypt and launch a number of mega projects.” He added: “The Egyptian market holds lucrative opportunities in a host of areas, including infrastructure sector. The creation of this subsidiary will further consolidate our drive  to diversify our business into other high-margin segments.” Mr. Asad brings to his new job a versatile experience of over 25 years in the development and construction field. He came to Arabtec from Abu Dhabi real estate development company Aldar, where he served as Chief Operations Officer then as Chief Executive Officer. At Aldar, he led a massive strategic growth plan that saw the development of Yas Island as a sought after tourist and business destination, with the creation of such iconic attractions as Yas Marina Circuit, Ferrari World Abu Dhabi, Yas Waterworld, Yas Mall, Yas Links, Yas hotels, and infrastructure works. He was also in charge of a host of residential and commercial developments in Al Raha Beach, Al Falah National Housing, Central Market and other initiatives that are contributing significantly to Abu Dhabi’s economic development. Prior to Aldar, Mr. Asad worked in the oil and gas industry as Deputy Vice President of Projects for Dolphin Energy and for Abu Dhabi National Oil Company (ADNOC) where he spent 20 years in a number of engineering executive roles. Mr. Asad commented: “I am proud to be leading this new subsidiary in Egypt, and I thankful to Mr. Ismaik for his trust in me.  We believe the Egyptian economy, which which holds high investment potentials in a broad range of areas, is poised for a significant upturn, particularly with the current governmental policies geared towards encouraging foreign investment. I do hope the new subsidiary will be an invaluable addition to Arabtec’s diverse offerings. On the personal level, I am particularly pleased to be back to Cairo, where I had my undergraduate studies, and to be part of a host of projects that will benefit the Egyptian people, particularly the project that will provide homes for millions of Egyptians.” Mr. Asad holds a Bachelor of Science in Mechanical Engineering from the high Institute of Technology in Cairo as well as a Business Administration degree from the University of Warwick in the United Kingdom. More»
Marwa Hemdan - 2014-04-01 17:39:10
Egypt-based Arab Contractors Company is competing to win a bidding for infrastructure projects and tunnels in Saudi Arabia, according to Chairman Mohsen Salah El Din. The Egyptian company is targeting more expansions in the south and the east of the KSA, he noted on Tuesday. According to the Egyptian official, AC’s total turnovers in the KSA exceeded one billion Saudi riyals. AC is currently carrying out the King Khalid Airport project in Riyadh, with a total cost of 113 million Saudi riyals, he noted. In addition, AC is working on the King Fahd Street project, with a total cost of 82 million Saudi riyals. Moreover, Salah El Din referred to AC’s other projects, one in the north of Saudi Arabia with a total cost of 91 million riyals and another one designed for sanitation network in the southern area. For the ongoing biddings, AC chairman said his firm is seeking to carry out a number of land bridges and tunnels in south of KSA, with total costs exceeding around one billion riyals. AC is also competing to win a bidding to establish a power station in Saudi Arabia. For regional expansions, Salah El Din pointed out that AC is seeking to make its strong presence in Bahrain within the upcoming phase to take part in a number of infrastructure projects. AC is planning to have its new branch in the Arab world to be in Bahrain within the current year. More»
Amwal Al Ghad English - 2014-03-29 08:54:38
UAE-based Arabtec Holding on Thursday said it in the process of establishing a new Public Joint Stock Company (PJSC) to execute multi-billion dirham project in Egypt. The company said in a statement to Dubai Financial Market on Thursday that it is engaged in talks with the Egyptian authorities to establish a joint stock company to build one million houses in the country. The company announced on March 9, 2014, that it had signed a memorandum of understanding (MoU) with the Ministry of Defense and Military Production on behalf of the government of the Arab Republic of Egypt to develop and construct one million units of middle-income housing in various locations across Egypt. This project is the biggest of its kind in the Region, with an overall development value of LE 280 bln (AED 147 bln; USD 40 bln). Through the developments, millions of Egyptians will have access to full-fledged communities, with public amenities such as schools, hospitals, parks and places of worship. The company, the statement said, will disclose any developments in this regard in accordance with the laws and regulations in due course. More»