Latest in Tag: Construction Highlight

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Latest in Tag: Construction

Compensation Law rescues 5,000 construction companies from bankruptcy: Egyptian Federation for Construction

Sahl Al Damrawi, member of the Egyptian Federation for Construction and Building Contractors, said that the issuance of the Compensation Law saved more than 5,000 construction companies from bankruptcy and the laying off thousands of workers. Al Damrawi said that these companies were challenged with the rise of all prices of building materials, which have …

Daily News Egypt

Exports of building, construction materials doubled to EGP 41bn in 2016

Egypt’s exports of construction materials has doubled in 2016 to record EGP41.93bn compared to EGP21.93bn during 2015, according to Waleed Jamal Al-Din, president of the Export Council for Building, Refractory and Metallurgy Industries (ECBM). Jamal Al-Din said exports surpassed plans and expectations set by ECBM, adding that they had aimed to increase exports by EGP …

Hisham Salah

$460m loan from Japan to finance construction of Grand Egyptian Museum

Minister of International Cooperation Sahar Nasr and Japanese ambassador to Egypt Takehiro Kagawa signed on Monday a $460m loan to finance the second phase of the Grand Egyptian Museum. Minister of Antiquities Khaled El-Anany also signed the loan agreement for the project with Teruyuki Ito, chief representative of the Japan International Cooperation Agency (JICA). Nasr …

Hisham Salah

Hyde Park offers 9 tenders to speed up construction, finishing

Hyde Park New Cairo announced it would offer five tenders to speed up the construction and finishing of its project’s units. The move comes as an attempt to fulfill the company’s obligations towards its clients, as the units are expected to be delivered within a few months. In a press statement, the company said that …

Daily News Egypt

Public sector carries out construction worth EGP 20.6bn in 2014/2015: CAPMAS

The construction operations of the public sector increased by 31.3% from fiscal year (FY) 2013/2014 to FY 2014/2015, according to the Central Agency for Public Mobilisation and Statistics (CAPMAS). The total value of construction works rose from EGP 15.7bn to EGP 20.6bn. CAPMAS’ Annual Statistical Bulletin of building and construction for public/public business sector companies …

Hossam Mounir