amwalalghad :: Real Estate

Your English Portal To Arab Economy

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        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        Canal Shipping Agencies   7.39        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        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 - 2014-04-09 12:44:44
Arabia Group for Real Estate & Tourism Investment S.A.E. and Tameer Mortgage Company - Al Oula signed a cooperation protocol on the sidelines of the Cityscape Real Estate Summit. The protocol entailed financing Arabia’s housing units, and villas, where Al Oula provide clients with loans to finance their properties. The mortgage loan would cover remaining payments on clients' units including delivery payments, with the option of lending the cost of finishing core and shell units as well. Payment terms could be extended up to ten years. In this respect, Hassan Hussein, Chairman and Managing Director of El-Taamir Mortgage Finance Co - Al-Oula, said his firm will entail financing housing units of Arabia’s Moon Valley 2 Project,  comprising 124 villas ‘Twin House’. Al Oula will provide clients with loans to finance their properties. Tameer Mortgage (Al-Oula), incorporated in 2003 is the first and leading mortgage finance company to be established in Egypt, created in 2003, and contribute to the capital of thirteen Foundation of the largest institutions real estate, banking and insurance, Egypt, authorized capital by $ 500 million pounds (five hundred million Egyptian pounds) and paid an amount of 400 million pounds (four hundred million Egyptian pounds). More»
Amwal al Ghad English - 2014-04-09 09:05:24
Addressing an audience of real estate developers and investors, Egypt’s Minister of Housing, Utilities and Urban Development Mostafa Madbouly stressed the importance of expanding the market of affordable housing and improving the infrastructure. Madbouly spoke at Egypt’s third Real Estate Summit (7-9 April), which opened on Monday, to discuss the country’s most pressing market issues. “On the one hand, housing projects are expensive, on the other, the purchasing power of Egyptians is low, which is why there is a huge gap between supply and demand in the market,” Adnan Ghoshesh, senior MENA advisor at the Affordable Housing Institute in Jerusalem, told Ahram Online on the sidelines of the conference. The last Jones Lang LaSalle report on the country's real estate sector issued two years ago showed a shortage of 1.5 million units, according to Ayman Sami, head of the firm's Egypt bureau. More»
Amwal Al Ghad English - 2014-04-08 16:28:46
Egypt’s leading construction firm, Arab Contractors Company, are set to complete in June 138 projects involving the construction of roads, bridges, housing developments and water and sanitation stations, a Tuesday statement from Ministry of Housing said. The announcement was made during a Tuesday meeting between Minister of Housing, Utilities and Urban Communities Mostafa Madbouly and the company’s board of directors, chaired by CEO Mohamed Mohsen Salah. During the meeting, the attendees discussed obstacles facing Arab Contractors’ projects inside and outside of Egypt and methods for resolving them, the statement added. Madbouly also pledged to discuss with Minister of Planning Ashraf El-Araby the repayment of financial dues owed by the government to the company. Arab Contractors announced in February that their net profit slumped 33.3% year on year in the 2012/2013 fiscal year (FY) to register EGP 336 m, down from EGP 505 m in FY 2011/2012. Salah stated that the company’s business in FY 2012/2013 was valued at EGP 11.027 bln, compared to EGP 11.02 bln in FY 2011/2012. The CEO added that the value of the firm’s offshore business reached EGP 2.85 bln, registering a 4% increase from EGP 2.47 bln in FY 2011/2012. Meanwhile, net profits of the offshore business marked a 39.25% decrease to reach EGP 113 m. Due the instability that has plagued the country after the ouster of former president Mohamed Morsi in July, the construction sector has been “negatively affected”, a quarterly report from Gleeds Construction Consultancy Egypt said. In a move that was deemed one of the largest construction contracts in the Arab region, the armed forces, in cooperation with UAE’s Arabtec Construction Company, announced it would construct 1m residential units for low-income youth. In order to boost projects in the sector, the New Urban Communities Authority (NUCA) will conclude the amendment of the real estate regulations draft within two months, Madbouly said on Monday. More»
Amwal Al Ghad English - 2014-04-08 13:40:33
A significant increase in pre-registered visitor numbers at Cityscape Egypt 2014 one day ahead of the show's grand opening has underscored the improving sentiment that now pervades the Egypt's property market. Figures from Informa Exhibitions, organizers of the four-day exhibition, confirm that pre-registered visitors for Egypt's most prominent real estate showcase are 25 per cent up versus last year, signifying the largest number since its inception in 2008. Taking place from 9-12 April at the Cairo International Convention Centre (CICC), Cityscape Egypt is in its 5th edition, hosting more than 100 exhibitors from across Egypt. Showcasing their latest developments and property launches located across Greater Cairo, North Coast, Red Sea Coast and Upper Egypt, they will be eager to meet with thousands of investors and home buyers expected to attend the event in the next few days. "We are very pleased to see such a strong increase in visitor preregistrations this year", said Wouter Molman, Director of Cityscape Group at Informa Exhibitions. "Virtually all of Egypt's leading real estate developers are present at this year's edition of Cityscape Egypt, making it a unique opportunity for investors and home buyers to select their next home from the thousands of properties on showcase this year". "Cityscape Egypt attracted 12,000 visitors in 2013 and indications are that we will see a double digit increase of visitors this year to match the growth of the show, which itself has grown by over 10%, making this the largest ever edition of Cityscape Egypt", added Molman. Hany El-Assal, Chairman of Misr Italia Holding, has announced his company's participation at Cityscape Egypt 2014, recognizing it as a prime opportunity to announce its new project CAIRO BUSINESS PARK, located in the 5th settlement, New Cairo. Elaborating on the project, El-Assal said that it is a hub of investments estimated at around EGP 2 billion and covering an area of 350,000 square meters. Set in lush greenery and aquatic landscaping, the modern compound presents an idyllic meeting point for businesses. Misr Italia will be also launching exclusive units in one of the Red Sea's largest and most premium resorts; Mousa Coast Resort. The project will cover 8 million square meters in two phases, with investments totaling EGP 10 billion. Commenting on the popularity of the Cityscape exhibition, El-Assal predicted a high turnout of visitors, demonstrating the growing purchasing power in the region. Emaar Misr, one of Egypt's largest real estate companies, will launch new touristic and residential projects including the first Phase of Blanca islands in its North Coast development Marrasi, and Park Residence in Mivida, New Cairo. Speaking on behalf of Al-Futtaim, Managing Director Mr. Mohamed El Mikawi affirmed that the real estate sector is being revived due to the increase in demand. He announced the launch of the second phase of its Cairo Festival City project at Cityscape Egypt 2014, comprising of five administrative buildings over 50 thousand square meters of built-up area, in addition to 300 villas, 600 residential apartments, and a touristic hotel with total investments worth EGP 4 billion. Mikawi confirmed having sold out 70% of its residential units in the second phase of the project, as well as a full office building part of the same phase. Hussein Sabbour, Chairman of Al Ahly for Real Estate Development, stated that the real estate market is still attractive for investment, referring to the signing of agreements between his company and Saudi investors to develop two projects in Egypt, including Square 1 located in New Cairo and Square 2, located in El Mostakbal City. Magued Sherif, CEO of Hyde Park Properties for Development, said that the Egyptian real estate market is strong and has all the necessary fundamentals to attract new investments that will drive market growth in the upcoming years. Sherif said that his company will implement an expansion strategy in the market that aims at developing 1500 acres in the next year. The company is seeking to launch the neighboring number 10 in Hyde Park project; a compound of separate/linked new model villas with about EGP 100 million dedicated investment cost, and expected sales of EGP 150 million. Eng. Darwish Hassanein, CEO of Saudi Egyptian Construction Company (SECON) said that his company will launch their new project "Secon Nile Towers" at Cityscape Egypt 2014, with a project value of about EGP 1.6 billion, in addition to the second phases of its "Lake Dream" and "Zahret Asiut" projects, as well as the "Secon Residence" project in Alexandria. SECON plans to develop approximately EGP 3 billion worth of projects in the next five years. Hassan Hussein, CEO of El Taamir Mortgage Finance Company "Al Oula", predicts that the mortgage market will witness major developments this year supported by the Central Bank of Egypt's initiative to make available EGP 10 billion to finance affordable housing units. His company, who are also Gold Sponsor of this year's exhibition, will sign four agreements on the sidelines of Cityscape Egypt 2014, including deals with Al Arabiya Real Estate Investment, Hyde Park Properties for Development, SODIC and Tameer for Real Estate and Development, to provide mortgage options to its customers. More»
Amwal Al Ghad English - 2014-04-08 08:49:25
The second day of Egypt's largest real estate exhibition Cityscape Next Move has kicked off this morning, Tuesday at Four Seasons Hotel at Nile Plaza. The exhibition 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. The first session includes a panel discussion about Regaining Egypt’s position as the leading global tourist destination through innovative developments and world-class projects. The participants of the first panel discussion include Ibrahim El Missiri, Regional Business Development Manager at MENA&I,  Panos Loupasis, Senior Development Director at Wyndham Hotel Group, Alex Mavridis, Chief Investment Officer at Al Dau Development, and Eng. Walid El Hindy, Development Director, Marassi, Emaar Misr. Among speakers at the second-day of the event will be Magdy Farahat, Vice President of Real Estate of Egypt’s New Urban Communities Authority (NUCA). More»
Yomna Yasser - 2014-04-07 13:53:51
Egypt-based Tameer Mortgage Company - Al Oula signed today a cooperation protocol with 3 additional Egyptian developers on the sidelines of the Cityscape Real Estate Summit. Al Oula signed the protocol on Monday with Hyde Park Properties for Development (HPD), Arabia Group for Real Estate & Tourism Investment, and Tameer for Real Estate Investment. The protocol entailed the financing of up to 80% of built residential, commercial and retail units, where Al Oula would provide clients with loans to finance their properties. The mortgage loan would cover remaining payments on clients' units including delivery payments, with the option of lending the cost of finishing core and shell units as well. Payment terms could be extended up to ten years. More»
Amwal al Ghad English - 2014-04-07 13:17:13
Egypt’s Political stability within the early of 2014 contributed in boosting the deferred demand for residential units over the past years, as the indexes of demand on real estate increased by 17% within last February, Amad Almsaodi, CEO of Aqarmap.com said. He added in keynote speech at City Scape Summit 2014 today that the indexes of Aqarmap.com succeeded in monitoring the movements of the real estate market in Egypt during the last period, revealing that the individuals’ trends towards  owning  areas by the stability of political situations in state. El Harm, Al-Mohandseen, Sixth of October ,El Rehab and New Cairo are much closer zones to real estate developers’ concerns in Egypt by the upcoming phase, as well as the investors trend to own areas near of Madinety and New Heliopolis, Almsaodi added. Furthermore, he explained that Aqarmap is targeting to achieve compatibility among the desires of clients and the submitted potentials in the real estate market currently, through monitoring the conditions of the real estate market and the providing services or prices for residential units in different regions. More»
Amwal al Ghad English - 2014-04-07 12:46:38
Tarek Shoukry, CEO of Arabia Group for Real-Estate Development & Urban Progress expected that the residential units will by increased by 30% within the upcoming two years as results of the higher prices of constructions, labors and building materials, so this year is optimized for the purchase of residential units, noting the continuation of the residential units’ deficit against lack of supply will raise the prices. The political and security turmoil asserted that the real estate sector is a safe haven for investment, as the last period was the hardest time in real estate’s history, Shoukry added at City Scape Summit 2014 today. The volume of demand in the Egyptian market is the largest and it is a real demand that won’t base on speculation or investment substantially and this will make the real estate investment in the Egyptian market with a big return in the next stage, Shoukry noted. More»
Amwal Al Ghad English - 2014-04-07 12:07:55
Egyptian developers Sixth of October Development and Investment Co. – SODIC (OCDI.CA) and Tameer Mortgage Company - Al Oula signed today a cooperation protocol on the sidelines of the Cityscape Real Estate Summit. The protocol entailed the financing of up to 80% of built residential, commercial and retail units, where Al Oula would provide clients with loans to finance their properties. The mortgage loan would cover remaining payments on clients' units including delivery payments, with the option of lending the cost of finishing core and shell units as well. Payment terms could be extended up to ten years. The protocol comes with multiple benefits for all parties; facilitating clients' access to financing, shortening the cash collection cycle for the developer and boosting the mortgage finance market which is largely underutilised.Egypt's largest real estate exhibition Cityscape Egypt, held on 9-12 April in Cairo, has kicked off on Monday 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. More»
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»