amwalalghad :: Real Estate

Your English Portal To Arab Economy

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        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        Ezz Steel   7.86        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        Naeem Holding   0.19        Egyptian Iron & Steel   6.87        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        Misr Chemical Industries   5.65        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        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        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 - 2016-08-23 14:48:13
The volume of residential sales in Hong Kong fell 8% month on month in July after three months of growth in a row, the latest figures from the Land Registry show. Overall property prices remained stable and this was due to sustainable end user demand, according to the analysis in the latest monthly report from international real estate firm Knight Frank. It explains that the new build market, which contributed to about one third of total residential transactions in Hong Kong, is where major developers generated good sales in their recently launched projects. For example, Park Yoho Venezia in Yuen Long has sold 95% of its 62 units in its third batch of sales in July and The Ascent in Cheung Sha Wan was oversubscribed seven times and sold over 94% of its first batch of 125 units in one day. More»
Marwa Himdan - 2016-08-23 14:31:37
EMAC Contracting, affiliated to Kuwait’s Al Kharafi & Sons Group, aims to deliver 77 km-length road among the first phase of the national road network within a year, its executive manager, Samir Fathy said Wednesday. The current phase include completing 60km of Qena-Safaga desert road with total cost of 450 million Egyptian pounds along with  its share in Shoubra-Benha  road  with 17km-length where it would execute 25 bridges and 15 tunnels. More»
Amwal Al Ghad English - 2016-08-23 13:28:58
Egypt is preparing to offer 100 feddans in a public land tender in Red Sea governorate through the one-stop window for tourism activities in September. The land offered will be divided into four plots in Hurghada and Al Qusair cities, as part of the strategic plan for the governorate, said Abdeen Abdullah, Head of the Housing Directorate in the Red Sea Governorate. More»
Amwal Al Ghad English - 2016-08-23 12:56:32
Residential property sales in the UK fell slightly by 0.9% between June 2016 and July 2016 and were down 8.3% lower compared with the same period in 2015, according to the latest data from HMRC. For July 2016 the number of non-adjusted residential transactions was about 0.7% higher compared with June 2016 and 13.6% lower than in July 2015. The seasonally adjusted estimate of the number of non-residential property transactions decreased by 7.5% between June 2016 and July 2016 and was 1.7% lower compared with the same month last year. The report points out that there was a large increase in transactions in March 2016 followed by a substantial reduction in April which was associated with the introduction of the higher stamp duty rates on additional properties in April 2016. However, whilst April and May 2016 are lower than the corresponding months in 2015, it should be noted that the total for March to May 2016 is still substantially higher than the corresponding period last year. Non-tax factors may have played a role as well, for example the Bank of England's plans to curb buy to let mortgages resulting in a rush to purchase before April 2016, and the European Union referendum affecting transactions in recent months. According to Andy Sommerville, director of Search Acumen, the statistics suggest the market is stabilising, as the month on month change sits at under 1%. ‘Many would have expected a sharp fall in transaction activity in what was the first full month in our post-referendum economy, yet an underwhelming change suggests the darkness in our market shows little sign of worsening,’ he said. ‘Despite the encouraging resilience the market has shown in the short term, the bigger picture reveals an 8.3% decrease in transactions since July last year, demonstrating the true hit we’ve taken from Brexit, combined with the underlying issue of affordability,’ he pointed out. ‘As our economy absorbs the shock of the past three months, it is positive that home buyers are being given a leg-up into the property market to reignite demand and boost our industry,’ he added. Doug Crawford, chief executive officer of My Home Move, believes the data shows that the property market largely shook off the short term uncertainty of the Brexit vote. ‘Following the referendum there was talk that the market would be quickly affected by the outcome, but these fears have been allayed with residential transactions falling by just 0.9% month on month. While transaction levels remain lower than a year ago, this is in the context of a market that is still feeling the effects of changes to stamp duty, which led to a frontloaded first quarter,’ he explained.‘The figures reflect our own experiences of the market. Following the referendum the vast majority of purchases went ahead without any issue, and chains were largely unaffected. In the medium term the market will remain stable, and our view is that it is strong enough to weather mild economic uncertainty,’ he said. More»
Marwa Himdan - 2016-08-23 09:48:42
Egypt's property developer Al Ahly For Real Estate Development Company is set to launch a new branch in Saudi Arabia within four years to implement its share in the country’s housing scheme, said its chairman Hussein Sabbour Thursday. He told Amwal Al Ghad that establishing the new branch is in the frame work of the agreement signed between the company and the Saudi housing ministry to carry out 150.000 housing units for middle income earners. More»
Maha Essam,Marwa Himdan - 2016-08-22 13:34:15
Egyptian real estate developer Emtelak is expected to achieve investments returns of 6 billion Egyptian pounds ($675mn) for the projects that will be implemented during the upcoming phase, its managing director Ziad El Emam said Monday. The project will be carried out using self funding, partnership system and contractual sales as the result of the difficulty of relying on banking funding and mortgage, El Emam added. He told Amwal Al Ghad that these projects include carrying out a tourist hotel project in Ain Sokhna, around 120 kilometres (74.5 miles) east of Cairo over a land plot of 120 feddans with investment cost nearing 1.6 billion Egyptian pounds ($180.2 million). More»
Marwa Himdan - 2016-08-22 12:37:55
Egypt’s construction firm, Arab Contractors is set to complete implementing utilities works in the first phase of New Alamein City, northwest of Cairo mid-2019 at cost of 1.3 billion Egyptian pounds ($146mn), its Chairman Mohsen Salah said Monday.New Alamein, to be built at an estimated initial cost of EGP 2 billion located over 1466 feddans. It is one of multiple new urban centers that the government has planned to accommodate a booming population, curb unemployment, and help the economy. Arab contractors was directly assigned to connect the main utilities network to the new city along with implementing some works in the roads network in cooperation with the Armed Forces Engineering Authority. More»
Amwal Al Ghad English - 2016-08-22 11:27:51
A total of 31 drinking water and sanitation projects have been completed in Greater Cairo and Alexandria for 2015/2016 fiscal year, according to the Egyptian Minister of Housing Mustafa Madbouli. The projects were implemented by the Executive Authority for Potable Water and Sewage, as part of the investment plan for the fiscal year that ended in June along with carrying out utilities projects in number of new cities. A total of 18 projects were for waste water sanitation, with 13 drinking water projects, in addition to completing five drinking water projects in new cities, said Hassan Al Far, Head of the Executive Authority for Potable Water. He added that one of the completed projects is the rehabilitation and expansion of drinking water plants in the Fustat District of Cairo to increase their capacity from 900,000 cubic meters to 1.1 million cubic.meters per day. The project serves 1.2 million people in areas such as Dar El Salam, Maadi, North Helwan, Tora, Al Manial, Al Darassa, Downtown, Zahraa El Maadi, Saqr Quraish, Al Basateen, Nasr City, and Moqattam. In Obour City, a water purification plant was expanded to a capacity of 400,000 cubic meters for 800,000 people. A sewage plant was also completed in 6th of October City, serving 500,000 people. The Ain Shams region in Cairo also saw the expansion of a water sanitation plant to serve 1.2 million people in several districts, including Ain Shams and Mattareya. More»
Amwal Al Ghad English - 2016-08-22 09:37:59
Egypt’s Ministry of Military Production signed a cooperation protocol with the Ministry of Housing to locally manufacture smart water meters on Sunday.They contracted to install 1.4m smart meters in the first phase out of a total of 3m meters for the entire project, Minister of Housing Mostafa Madbouli said at a press conference at the Ministry of Military Production. There is no intention to lay off employees who are currently tasked with reading water meters after the installation of pre-paid meters, he added. “We are moving towards the deployment of pre-paid meters to ensure that the value of the citizen’s actual consumption is collected and to avoid human error,” Madbouli said. “Pre-paid meters will be installed in all new cities and also in social housing and middle income units.” More»
Amwal Al Ghad English - 2016-08-22 08:50:30
Egypt's New Urban Communities Authority (NUCA) is implementing 116,000 units in 6th of October City as part of the social housing project allocated for the middle-income bracket with total cost of 16 billion Egyptian Pounds (US$$1.8bn). A total of 42,700 units are being built in the Bahariya Oasis, Minister of Housing Mustafa Madbouly said.The project includes four schools, four health care units, four units related to social service issues, a hall for special occasions, and places of worship alongside a playgrounds, a hospital, parking areas, two police stations, and a public market, he added. A number of main roads in the city are also being developed, including the Bahariya Oasis road and South Dahshour road, he highlighted. More»