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        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 - 2016-06-25 12:02:42
Egypt leading real estate company, Maxim Investments Group launched a new project in the heart  of “ Bo Sidi Abdel Rahman” located at the North Coast with total investments worth 6.5 Billion Egyptian Pounds (US$ 736 million). The new project is compound named as “Bo Sands” spread over 300 feddans representing 17 percent of “Bo Sidi Abdel Rahman” project land, the company’s chairman Mohamed Karrar said Thursday. “Bo Sands” phase I will be delivered by 2019 and the whole project will be completed by 2022. It offer a full range of facilities and services comprising  commercial brands, 4 stars and 5 stars hotel area, club house, sports facilities and a fun park. The project’s apartments are characterized with relatively small spaces which range between 80 and 200 meters overlooking artificial lakes and swimmable lagoons which accounts to around 80 percent of the project’s total area. More»
Amwal Al Ghad English - 2016-06-25 11:52:41
Egypt leading real estate company, Maxim Investments Group launched a new project in the heart  of “ Bo Sidi Abdel Rahman” located at the North Coast with total investments worth 6.5 Billion Egyptian Pounds (US$ 736 million). The new project is compound named as “Bo Sands” spread over 300 feddans representing 17 percent of “Bo Sidi Abdel Rahman” project land, the company’s chairman Mohamed Karrar said Thursday. “Bo Sands” phase I will be delivered by 2019 and the whole project will be completed by 2022. It offer a full range of facilities and services comprising  commercial brands, 4 stars and 5 stars hotel area, club house, sports facilities and a fun park. The project’s apartments are characterized with relatively small spaces which range between 80 and 200 meters overlooking artificial lakes and swimmable lagoons which accounts to around 80 percent of the project’s total area. More»
Amwal Al ghad English - 2016-06-23 11:09:00
Investment in central London offices hit the lowest level in five years in the first quarter of 2016, as the referendum on Britain's future in the European Union looms. Investment volume in the first three months of the year dropped 31% below the 10-year average, to £2.2 billion, according to research by commercial real estate agent Lambert Smith Hampton. That's less than half of the £4.6 billion recorded the previous quarter. "It's no surprise that investors have taken a step back in the face of growing uncertainty over the outcome of June's E.U. referendum," said Ezra Nahome, CEO of Lambert Smith Hampton. "We saw it in 2014 ahead of the vote on Scottish independence and we're experiencing it again now -- investors do not like uncertainty." Many big global companies have said they might move part of their operations away from London, should the U.K. vote to leave. HSBC (HBCYF), Britain's biggest bank, warned on Friday it could run some of its business from Paris.And it's not just commercial property that's taking a hit. "The majority of the property industry are concerned that a Brexit would make the U.K. less attractive for investment," said Darren Yates, head of research at Carter Jonas, a U.K. property company. Savills, Knight Frank, Foxtons and other real estate companies with big London operations had already warned of a slowdown ahead of the referendum. More»
Amwal Al ghad English - 2016-06-23 10:51:02
Wealthy Middle East investors are watching Britain's EU referendum with a mixture of fear and greed. In the days of $100 a barrel oil, Gulf sovereign wealth funds and family-owned trading groups went on a shopping spree, snapping up trophy assets in the U.K. They bought some of London's biggest landmarks, and bailed out one of the country's top banks. But the 2014-2015 collapse in oil prices, tighter regulation of U.K. real estate markets, and the risk that voters could back a British exit (Brexit) from the EU has led to a significant cooling of interest in recent months. "Gulf investors obviously have less of the free cash to splash around," said Alan Robertson, CEO of the Middle East and North Africa for property consultancy JLL.The London skyline is filled with buildings now under the ownership of Gulf funds. Qatar alone owns the Shard skyscraper, Harrods department store, the former U.S. Embassy and the Canary Wharf financial district. "The Qataris must be questioning how much they have on the table there," said one senior Middle East banking executive, who declined to be named. More»
Amwal Al Ghad English - 2016-06-22 13:33:24
Spain leading construction company, COPROSA Prime announced Wednesday it has signed an agreement to build number of projects in Egypt’s new administrative capital city with total value of 2 billion Egyptian pounds ($90 million). COPROSA PRIME Egypt CEO, Tamer Wagih Salem, said that the company plans to establish luxurious housing project in favour of the state with total investments worth one billion pounds spread over an area 245,000 square meter. Valledor Rodriguez, COPROSA PRIME international CEO, commented that his company has an ambitious plan to increase its business of volume in Egypt and Middle East. More»
Maha Essam - 2016-06-22 11:47:27
Egypt-based real estate company, PACT Real Estate Group, targets capital worth 50 million Egyptian pounds ($5.6 million) during 2016, its CEO Mohamed Gama said Wednesday. The targeted increase is one of the means of the implementation of its flagship, White Bay in Sidi Heneish, North Coast, thus the company is relying on the contractual sales of the project. The company started Whitebay first phase in collaboration with RedCon contractors in May 2016. The project is also in cooperation with worldwide information technology IT leader CISCO, and will be providing smart homes solutions. More»
Marwa Himdan - 2016-06-21 12:19:36
Egypt’s leading contracting company, The Egyptian Contracting Co. Al-ABD, is seeking to double its volume of business to reach 1.5 billion Egyptian (US$168 million)pounds during the next year, Said Fattouh said Tuesday. More»
Amwal Al Ghad English - 2016-06-21 11:15:22
Egypt’s state-run Heliopolis Company for Housing and Development (HELI) announced selling of 5 stores and 1 pharmacy in a public auction held on June 20. More»
Amwal Al Ghad English - 2016-06-21 10:50:07
Egypt's leading real estate developer, Madinet Nasr Housing and Development (MNHD) Board of Directors approved conducting the procedures of splitting of  two subsidiaries  namely El Nasr for Utilities and Installation as well as Nasr Company for Civil Works (NCCW). MNHD owns 94.9% of El Nasr for Utilities and Installation amounting to 3 million Egyptian pounds while it owns 52.45% of Nasr Company for Civil Works worth 64 million pounds from MNHD. More»
Amwal Al Ghad English - 2016-06-21 10:21:36
Investors clamour for real estate in face of Egypt’s weak currency and struggling economy When an Egyptian real estate developer recently launched the first phase of a residential project in Cairo, thousands of people thronged the streets outside the sales office. As customers jostled with each other to reserve units, boisterous arguments erupted, triggering a commotion that garnered national headlines. The chaotic scenes outside the offices of developer Mountain View were the latest indication of Egyptians’ surging interest in real estate as they seek to offset risk from the country’s plummeting currency. The Egyptian pound has slumped 13 per cent against the US dollar since March, when Cairo devalued the currency in a bid to relieve a crippling dollar shortage. Inflation has since risen to more than 12 per cent — its highest level in seven years — while the lacklustre economy has struggled against a backdrop of fragile investor confidence and terrorist attacks that have hurt the important tourism sector. The consequence is affluent Egyptians increasingly seeking security in bricks and mortar, fuelling a boom in the undersupplied real estate market — one of the few sectors performing well. Mountain View estimates that in just one day, demand for units at the $3.6bn development in east Cairo was at least five times more than the 1,000 new homes under construction. With the stock exchange volatile and expectation that the pound will slide further, analysts say property is viewed as almost the only safe repository of value. Real estate prices have been rising by about 20 per cent annually in parts of Cairo, experts say. Khaled Bahig, chief executive of Coldwell Banker Egypt, a real estate broker, believes fears over the weakening pound account for about half of a 30 per cent rise in real estate sales this year. “If you also consider that developers offer up to eight-year payment plans, then real estate can be considered to provide the best return,” he says. “Now with the dollar issue, it has come to top the list [of attractive investments].” A dollar shortage started to be felt last summer and was exacerbated following the downing in October of a Russian plane which had taken off from the Egyptian resort of Sharm el-Sheikh. The attack, claimed by Isis jihadis, has devastated Egypt’s tourism industry, a vital source of foreign exchange, adding to the country’s economic woes. Tarek Abdel Rahman, joint chief executive at Palm Hills Developments, said investors accounted for up to a quarter of his company’s sales over the past 18 months. “It started in 2015 with the currency crisis,” said Mr Abdel Rahman. “Last year we had a record year and this one too is shaping up to be another record year.” Palm Hills booked 62 per cent more reservations for housing units in the first quarter of 2016 compared with the same period last year. TMG, the country’s biggest developer, reported a year-on-year 25 per cent increase in contracted sales for the first quarter. Hany Genena, head of research at Beltone Financial, an investment bank, said: “We are seeing extremely impressive results in the first quarter. Those working in real estate sales say there is a direct correlation with inflation. Some people are buying now because they are afraid they won’t be able to afford to buy for their kids in the future.” However, he cautioned that despite the strong performance of real estate groups, companies’ share prices are on average 50 per cent below fair value because equity investors are worried “they will be caught at the peak of the tide”. “They are still anxious that despite strong sales up to date, there could be a point when companies will launch new projects but there will be no buyers because affordability is becoming a key concern,” he said. More»