REAL ESTATE

09 Jan 2020

Four Egyptian construction vying for $250 m Central African project

infrastructure project in an African country, with investments exceeding $250 million, said a senior source said on Sunday.

The companies are Hassan Allam Sons, Concord Engineering and Contracting Company, Samcrete,"...

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09 Jan 2020

Walton Acquires 245-acre Lee Farms Property in Loveland, Colo.

Walton Global Holdings Ltd. and its affiliates (collectively Walton), a real estate investment and land asset company with US$3.8 billion under management and administration, has acquired the 245-acre Lee Farms property located at 4300 Wilson Ave. in Loveland, Colo.

The"...

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07 Jan 2020

2019 paved road for promising real estate sector in new year

Last year witnessed numerous events and decisions related to Egypt’s real estate market, as well as a number of challenges that some companies faced in the market, and despite that, the Egyptian real estate market was the most prominent sector that contributed to GDP.

However,"...

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06 Jan 2020

Ezz Steel records EGP 4.2bn losses in 9M 2019 as demand decreases

The consolidated financial statements of Ezz Steel showed a net loss of over EGP 4bn in the first nine months (9M) of last year. The company’s losses increased to EGP 4.321bn in 9M 2019, compared to EGP 326.1m in the same period of 2018.

The"...

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29 Dec 2019

Hisham Talaat Moustafa’s success story in real estate development

Cairo: Hisham Talaat Moustafa is the best Egyptian real estate developer. He was born in 1959 in Alexandria, Egypt. He is the son of late engineer Talaat Moustafa, the founder of TMG when it started as a construction company in the early 1970s.

Moustafa"...

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29 Dec 2019

ABB wins Egypt electricity project supply contract

Egyptian Electricity Transmission (EETC) has awarded a contract to technology giant ABB for supply of 57 medium voltage electric distributors during the first quarter of 2020.

The move comes as part of the Egyptian government's efforts to upgrade the power infrastructure"...

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28 Dec 2019

HDRIC to launch digital real estate platform ‘It’s Here’

Housing & Development of Real Estate Investment Company (HDRIC) signed a contract with DPM Company, the partner of MenaPay in Egypt and MENA region, to launch a digital real estate platform to facilitate finding suitable properties for customers.

Hyeonuk"...

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27 Dec 2019

Dahua Safe City Solution Reduces Crimes in Brienon-sur-Amarcon

(AETOS Wire)-- Located in north-central France, Brienon-sur-Armançon has a population of about 3,300. The city benefits from an advanced road network while also suffering from lots of criminal activities. To enhance city safety, the local"...

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21 Dec 2019

Daikin launches new HVACR facility in Egypt

Daikin, the leading global innovator and provider of advanced, high-quality air-conditioning, heating, ventilation and refrigeration (HVAC-R) products and solutions for residential, commercial and industrial applications, has announced the opening of its new facility in Cairo.

"...

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18 Dec 2019

AMEA signs 700MW Egypt solar, wind power projects deal

AMEA Power, a subsidiary of Al Nowais Investments (ANI)), has signed a power purchase agreement (PPA) with The Egyptian Electricity Transmission Company (EETC) for a 200MW solar PV project and a 500MW wind power project in Egypt.

The power plants, expected to be commissioned"...

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