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        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 - 2015-04-27 10:09:27
Eagle Hills, an Abu Dhabi-based developer of international projects, signed a contract with the Serbian government to redevelop part of central Belgrade. The Belgrade Waterfront will occupy a 1.8 million square-meter (19 million square feet) area and will be 68 percent owned by the Abu Dhabi company, while the rest will be held by Serbia, according to the government. Total built-up surface will be about 1 million square meters, including 5,700 homes, office buildings, eight hotels with 2,200 rooms and the Balkan’s largest shopping mall of 140,000 square meters. More»
Amwal Al Ghad English - 2015-04-27 08:02:04
Minister of Housing Mostafa Madbouly asked Minister of Local Development Adel Labib to tighten measures, place the necessary procedures and abide by the provisions of the Unified Construction Law to fight building violations. Madbouly explained in his Monday letter to Labib that the tightened measures will include monitoring the construction of local units to encourage citizens to obtain licences before starting works, a ministerial statement said. The housing minister also called for legal procedures to face building violations and hold violators accountable. In a similar move to fight violations, the housing ministry issued in Ministerial Decree 67/2014 to amend the “executive regulations” of the Unified Construction Law regarding land divisions that were cut down to two rules instead of three “in order to ease the process for land applicants”, the ministry said at the time. The amendment stipulates that 25% of the land area must be set aside for roads and gardens, down from the previous 33% share. Land allocation procedures have recently changed after the ratification of the New Investment Law in March. The law offers “unprecedented” incentives for lands in remote areas, including the allocation of lands through purchasing, leasing or on a usufruct basis at low prices. It also allows the participation of the government in paying workers insurance and training workers in remote areas to raise their capabilities. More»
Maha Essam - 2015-04-26 09:44:14
Rooya Group, one of Egypt's fast-growing real estate developers, is seeking through a consortium of three other firms to win two partnership projects with Egypt’s Housing Ministry. The projects are located in Sheikh Zayed and New Cairo districts. The consortium consists of Pioneers Holding, Cairo for Housing and Development (El Kahera for Housing), and Saudi- based Al Muhaidib Group. In an interview with Amwal Al Ghad, Hisham Shoukry – Chairman of Rooya Group – said carrying out partnership projects between the state and the real estate developer would enable the latter to pump more investments in the project and eventually generate significant returns. The first project is Zayed Crystal Park in Sheikh Zayed district, whereas the second is an integrated residential project to be built in an area of 345 feddans. Zayed Crystal Park includes the tallest tower in Giza in an area of 190 feddans (789.000 square metres), the Armed Forces has approved of the tower height which will consists of administrative and commercial areas. The Egyptian Economic Development Conference has come out with two systems to provide lands: partnership and general developer. The general developer system is based on coordinating with other secondary developers specialised in carrying out each part in a project, aiming to maximise benefiting from the land. More»
Amwal Al Ghad English - 2015-04-25 12:34:36
Egypt’s real estate developer, Abraj Misr becomes an official sponsor for Eshtaghal (Let’s Work) Expo 2015 organised by the Egyptian Junior Business Association (EJB), the company announced Saturday. With the participation of large number of businessmen and project owners in Egypt, Eshtaghal Expo aims to create more employment opportunities. From his part, Aly Rabie - Abraj Misr’s Chairman – said: “Sponsoring this significant event reflects our genuine belief in the role played by the social corporate responsibility in developing the society through launching such initiatives (Eshtaghal).” Eradicating unemployment and providing job opportunities for the youth are the main challenges Egypt currently faces, Rabie noted. Sponsoring Eshtaghal event and initiative are effective for one year as of April 24, 2015; Abraj Misr would offer the financial support and training courses. More»
Marwa Hemdan - 2015-04-25 10:38:36
Egypt’s leading construction company, Arab Contractors is ready to hand over next August its ongoing works on the first phase of the country’s new national road project of 700 km, chairman Mohsen Salah noted. Speaking to Amwal Al Ghad on Saturday, Salah added that the pilot operations on the new roads project would start next June before being delivered to the Armed forces Engineering Authority and the General Authority for Roads, Bridges & Land Transport. Arab Contractors is carrying out the road works in accordance with required quality standards, the chairman confirmed. Moreover, the Egyptian official stated that the investment cost of Arab Contractors’ works in the new road projects’ first phase is exceeding 2 billion Egyptian pounds (US$262.2 million). Egypt is working on a national project to establish 1300 km new roads at cost worth more than 17 billion Egyptian pounds.
Marwa Hemdan - 2015-04-23 10:10:17
Egypt’s Arab Contractors studies carrying out the fourth phase of Cairo Metro Line 3 project through an alliance of three construction firms, chairman Mohsen Salah announced Thursday. In an exclusive statement to Amwal Al Ghad, Arab Contractors’ chairman confirmed that the Egyptian Ministry of Transportation had tasked an alliance of three construction firms to carry out the fourth phase. This alliance includes Nasr General Contracting Co. - Hassan Allam, Misr Concrete Development Co., and El Nasr Company for Buildings and Constructions (Egyco). Arab Contractors will sign the final contract to join the alliance in carrying out the fourth phase as soon as it finalises its negotiations with the ministry of transportation within the upcoming months, the chairman added. The new phase, which includes 5 stations, will run for 5km between Heliopolis' Haroun station and Al-Nozha 1, with investment cost of 4 billion Egyptian pounds. More»
Abdel Halim El Gendy & Maha Essam - 2015-04-22 12:58:05
Egypt’s real estate developer, Abraj Misr has signed a contract to carry out “The Gate” project, with six international companies specialised in running property projects. The project is with investment cost of 4.5 billion Egyptian pounds (US$589.7 million). The company dubbed the project as the first and largest “residential, administrative, smart and eco-friendly project”. The companies that signed the contract with Abraj Misr are; the US Hill International, Dimensions Engineering Consultant, Johnson Controls Inc, Korea’s leading architectural engineering and design consultants CSSE, Italian IC Group, and IMDG. Strategically located in Al Nozha Street in the heart of Heliopolis district, the Gate masters a space of 35.000 metres including eight administrative, commercial, and residential towers, in addition to a five-star hotel. The site also enjoys strong connections to Cairo Airport and main Cairo arteries. The eco-friendly project will include solar water heating, wind turbines, green areas and roof terraces. The project is expected to offer thousands of direct and indirect job opportunities over the period of its implementation, which will be approximately three years. From his part, Aly Rabie – Chairman of Abraj Misr – stated that his company is seeking to carry out the first eco-friendly residential, administrative, commercial, and hotel project in Egypt. Abraj Misr has met its commitment to its clients; the Gate is meticulously designed to incorporate unprecedented smart automation features offering a sophisticated level of elegant comfort, Rabie noted. Since its inception in 2010, Abraj Misr has owned several other projects in Egypt; such as Florenta, Lavanda – whose investments have exceeded 425 million Egyptian pounds - and Montana Mall, with investments worth 19.25 million pounds. Abraj Misr adopts an economic and technological policy to reduce the cost of constructions by 25 to 30 percent. The Gate will provide integrated solutions for the major current problems of the Egyptian society such as the shortage of energy and water. The project has solar and wind‐operated generation systems, allowing to save seven megawatts out of 20 to 22 megawatts of the expected consumption. As for water, Rabea explained in earlier statement that the unique design of the project is based on the recycling of water used in housing, commercial and office buildings into maintenance and irrigation of hanging parks, which will be the largest of kind in Egypt. More»
Islam Salah, Mohamed Hamdy - 2015-04-22 11:25:39
Egypt's market regulator, the Egyptian Financial Supervisory Authority (EFSA) is planning to form the first federation to encompass all the entities working in the country's mortgage finance market, chairman Sherif Samy said on Wednesday. He added that EFSA had held talks with the Federation of Egyptian Banks (FEB) and the local banks to participate in the formation of the new federation. The new federation is expected to be established within the upcoming months, the Egyptian top official noted. More»
Amwal Al Ghad English - 2015-04-22 08:13:19
You may recall the infamous "poor door" development in New York — a luxury high-rise condo in Manhattan designed to include 55 affordable units that will be accessible from a separate entrance. The developer, Extell, agreed to include the below market-rate apartments in exchange for permission from the city to construct a larger building on the site than the zoning code would normally allow. Affordable housing advocates, the mayor and the media, though, cried foul when they realized that Extell intended to separate the rich from the poor. This week, the New York Times reports a much more shocking revelation about the building: 88,000 people have put in applications for those 55 units. The first takeaway — and one not lost on the building's developer — is that the media cared a whole lot more about the "poor door" than the people who might actually walk through it. The more important point, though, is that these odds say something tremendously depressing about the pent-up demand for affordable housing in New York (and, by extension, similarly high-cost cities like San Francisco and Washington). More»
Amwal Al Ghad English - 2015-04-22 08:18:01
Dubai builder Arabtec said on Wednesday it was in talks with several local and international banks on financing the first phase of its project to build one million housing units in Egypt. Arabtec, which has yet to sign a final deal on the project with the Cairo government, did not say how much it was looking to borrow or provide any other details. Previously, Egyptian officials have said the entire project will cost about 280 billion Egyptian pounds ($36.7 billion), and Arabtec has said the first phase will involve building 100,000 units. More»