Latest in Tag: Construction Highlight
Latest in Tag: Construction
Unstable economic situation in Egypt the main reason behind decrease in construction projects in 2012/2013, says agency
The Daily News Egypt reported yesterday that real estate company Sixth of October Development and Investment (SODIC) reported a net profit of 229m, however, 2013 actually ended with a net loss of EGP 447m. “The company actually made a net loss. This [229m net profit] would have been the figures if not for the take-offs,” …
Projects involve construction of roads, bridges, housing and water and sanitation stations
The international firm attributed the recovery to positive economic moves in Q1 2014
Cabinet approves investor settlement and petroleum agreements, allocates money for electricity and construction
Supply for residential and retail units rose during Q4 2013, says real estate firm
Construction company aiming to invest EGP 1bn in 2014
OC expected to collaborate on new projects with Emaar Misr and Palm Hills Development
Construction company documents will be stamped with official government seal to facilitate their entry to the international market
Gleeds Construction Consultancy Egypt’s quarterly report highlights impact of recent political upheaval on economic sectors.
Several construction companies register profit despite Egypt’s ailing economy
Gleeds Construction Consultancy Egypt says devaluation of the local currency is likely to take its toll on the sector
Malhab said he would work hard to support and encourage the opening up of African markets to Egyptian contracting companies, whether public or private, in particular the Arab Contractors company.
Rising cost of materials and devaluing currency important factors affecting the industry
Caesar Augustus sent the obelisks from Heliopolis to Alexandria, from where they were moved to Rome, Paris and New York. This was the beginning of the looting of the ancient site of Heliopolis, a process that has continued to this day.
Wadi El Nile Company for Agricultural Development to begin real estate project on 922 acres of land
Real estate giants Emaar and Al-Futtaim join forces for lifestyle and entertainment mega-project
Allegations described as completely false
By: Hend El-Behary The French Development Agency (FDA) along with the European Investment Bank have granted Egypt a soft loan of €940 million for the construction and development of phase three of the third Cairo underground line, stated the Ministry of Planning and International Cooperation (MPIC). Minister Ashraf Al-Araby of the MPIC, in the presence …
Orascom for Construction Industries (OCI) announced yesterday that the General Authority of Investment and Free Zones (GAIF) approved OCI’s proposed valuation split methodology for the demerger of its construction group from its fertilisers group. GAIF approved on Saturday to split OCI’s standalone assets and liabilities on book value basis as at 31 December 2011, an …
By Islam Serour The National Holding Company reported Saturday the contract values for its two affiliated companies, El-Nasr Company for Contractors and the Egyptian Contractors Company, amounted to EGP 1.363 billion in Arab countries, during the 2011-2012 fiscal year. According to the Holding company’s report, El-Nasr’s contracts in Sudan are valued at EGP 288.961 million. …
It is expected that banks largely invest in construction materials during the coming period
The New Minya City Administration is preparing to offer several pieces of land designated for residential, commercial and leisure purposes in a sealed-envelope public auction next month.
By Tom Pfeiffer / Reuters CAIRO: Egyptian group Orascom Construction reported a 34 percent drop in quarterly net income, missing expectations after being hit by debt restructuring and other charges. The company’s shares gained 2.6 percent as analysts welcomed its construction backlog, which continued growing at the end of a year of major economic disruption in …