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Three companies, including Belectric, NARI Group Corporation, and Vikram Solar, technically qualified and two companies were excluded, one for technical reasons and the other withdrew.
El Sayed said that the first phase of the project spans over 4 feddan and comprises of approximately 550 units with varying spaces ranging from 50 to 110 sqm, in addition to an entertainment area and swimming pools.
Project will be self-financed by EGP 3.4bn from the company’s liquidity and sales of residential units
Company has marketed 90% of Serrano within eight months, says chairperson
Company mulls new development project in September
The company also has three other shopping centres in the NAC, including La Capitale, Champ Elysees, and Grand Square malls.
During the company’s press conference on Wednesday, Amr El Kady, CEO of City Edge said that the first contract was signed with ASGC Group for EGP1.4bn for the Etapa Square project except for the hotel part of the project, which is being implemented until 2022.
Misr Italia Properties begins the construction work of VINCI boutique residential project with investments worth EGP500m in 2019. Misr Italia Properties announced finalising a deal with three contracting companies to implement the construction works of VINCI project. With construction of the project starting in 2019, the company plans to accelerate the delivery of units in 2022. Mohamed Hany …
Project facing several political, financial, technical issues
Investments expected to reach more than $100m, project will take up to 30 years
EDA chairperson assures his determination to enable Egyptian companies export to Sudan
MBG to launch two tourism projects in Hurghada, North Coast
Daily News Egypt received some complaints from unit’s owners, noting that the subletting of the units is still incessant. Some owners are offering up their properties to workers and families at prices ranging from EGP 700-1,000 a month.
Exhibitors from 24 countries showcased the latest technologies for the country’s $335bn worth
Exhibitors from 24 countries showcased the latest technologies for the country’s $335bn worth construction market market
Daily News Egypt sat down for an interview with Sabbour, whereby he said that his company aims to achieve EGP 6bn sales in the current year
dmg events, an international exhibitions company based in Dubai, said that it will hold The Big 5 exhibition in Egypt from 18-21 September, at the Egypt International Exhibition Centre (EIEC) in 2018. dmg added that The Big 5 Construct Egypt will be the second largest construction show after The Big 5 Dubai. The show’s first …
The International Finance Corporation (IFC), a member of the World Bank Group, is providing a $15m loan mainly in Egyptian pounds to Vinavil Egypt for Chemicals, a leading manufacturer of construction-related materials, to help the company boost production and create jobs, according to a press statement on Wednesday. The statement said that the IFC’s financing …
Company invests $300m in Al Burouj project
Sector is first to pay taxes to state, says Abdel Aziz
Company targets achieving 20% increase in sales this year, says executive director
Construction of the Marina basin is expected to be completed by 2020
Cairo governorate showed the highest percentage of projects executed in the field of construction, according to Central Agency for Public Mobilisation and Statistics (CAPMAS). CAPMAS said that the projects executed in the capital amounted to EGP 44.8bn, out of a total of EGP 56.4bn, which is the value of construction projects executed by private sector companies …
In the last two years, a number of initiatives have been launched that offer residential units at costs less than market prices by up to 50% in several new cities, including New Cairo and Sixth of October City. The idea of the initiative is to assemble a group of customers corresponding to the number of …
The Central Agency for Public Mobilisation and Statistics (CAPMAS) issued on Monday its annual bulletin of building and construction statistics for private sector companies in 2016. The statistical bulletin stated that the value of building and construction operations that have been implemented by private sector companies increased by 41.7% to reach EGP 56.4bn in 2016, …
Concept Real Estate Group pumped EGP 20m into construction works of the first phase of the Siela Resort North Coast project, according to Siela Chairperson Ehab Abou El Magd. Abou El Magd added that Concept has completed the infrastructure of the project and concrete works of the first phase’s buildings. The Siela project is located …
The small and medium-sized companies working in the construction sector demanded that the financing obstacles faced by these companies, especially the serious companies qualified to participate in the development plan adopted by the state, be canceled. According to Daker Abd Allah, a member of the board of directors of the Egyptian Federation For Construction & …
The Sound, Light, and Cinema Company owns the project’s land of 42,000sqm
The supply of real estate units in only 6 months is equal to the supply in previous10 years, says Ismail
Total value of roads, bridges, and tunnels reached EGP 8.7bn, up from EGP 7.8bn in 2014/15
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 …