Egyptian construction giant Arab Contractors (AC) said on Wednesday it had signed a joint venture agreement with Angolan Mercons- Engenharia E Construção Civil, S.A. Company.
The new JV, named Arab Contractors – Luanda, will specialise in (...)
Egypt's state-run construction firm Arab Contractors (AC) is in talks to implement new projects in Angola,
Angola's Minister of Foreign Affairs Téte António and Minister of Youth and Sports Ana Paula have received on Wednesday Sayed Farouk, chairman (...)
Egypt plans to sell stake in the state company behind its new capital city, Administrative Capital for Urban Development (ACUD) on the country's stock exchange within two years, expected to be the North African nation's biggest-ever initial public (...)
Egypt's government gave the go-ahead to the expansion of the country's new administrative capital on Wednesday, allowing to add around 50,000 feddans.
The planned expansion, pending a presidential decree, will see the new capital span over 220,000 (...)
Egypt's state-run Arab Contractors (AC) on Wednesday said it has won a contract for a 150 km road project in Congo linking two key cities in the country.
The project, worth €110 million ($129.4 million), is funded by the European Development Fund (...)
Egypt plans to choose a winning bid in early August of this year from among 15 companies competing to develop an Intelligent Traffic System (ITS) in the country's new administrative capital.
Earlier this year, the state-run Administrative Capital (...)
Redcon for Offices and Commercial Centres, part of Egypt-based Redcon Construction, plans develop The Golden Gate project in New Cairo, with expected investments worth more than 30 billion Egyptian pounds (around $2 billion).
Golden Gate is one of (...)
Heliopolis Company for Housing and Development has revealed it tender terms for the development of Heliopark on public private partnership with local real estate developers, the Chairman, Khaled Zakareya Emam, said.
The project will be developed (...)
Egypt's Samcrete Engineers and Contractors (SMCS) has signed binding agreements to establish two new road projects in Congo with total worth of $350 million, in addition, it is studying the possibility of establishing water projects in Tanzania and (...)
The Suez Canal Economic Zone and the Sovereign Fund of Egypt signed on Tuesday an agreement to establish new rail company, named the National Egyptian Company for Railroad Industries (NERIC).
The new company will be specialised in localising the (...)
Egypt's Arab Contractors consortium with four other Egyptian construction has inked a 26 billion Egyptian pounds contract with Egypt's National Authority for Tunnels (NAT) for the construction works of first phase of Cairo Metro Line 4.
NAT awarded (...)
Egypt's state-run construction Arab Contractors (AC) mulls entering into two infrastructure projects in Tanzania and Rwanda during 2020, as part of its plan to continue expanding into foreign markets and taking advantage of the project opportunities (...)
Egypt's ministry of transportation will be executing the Ain Sokhna to Alamein high-speed electric rail within 24 months including 17 stations.
The ministry of transportation intends to assign the project management to an international company.
The (...)
Egypt's state-run Arab Contractors (AC) said on Tuesday work on three major infrastructure projects in Uganda had been above 80 percent complete, with a total cost of $185 million.
These projects comprise three roads, AC's board member Ibrahim (...)
Egypt's state-run New Administrative Capital Company for Urban Development (ACUD) is set to complete the development of the new capital phase I during 2023 with expected cost of 150 billion Egyptian pounds ($2billion).
The first of the new (...)
Egypt's El Shams for Housing and Development said it plans to launch a tender to execute the first phase of its flagship – Solana Sun – in the country's new capital within next October.
The state-owned company is preparing to pump 500 million (...)
Four major construction companies are in talks to implement a bunch of towers in New Alamein – one of Egypt's anticipated fourth-generation cities – within the next period, according to a source.
One of a giant consulting offices operating in the (...)
A number of Egyptian construction companies postponed the implementation of around six major infrastructure projects in Mauritius within 2020 due to the coronavirus outbreak.
The companies include Redcon Construction and Concord for Engineering and (...)
Seven Egyptian major construction companies are looking to execute a various bundle of infrastructure projects in Iraq within the upcoming period, said head of African construction federation.
These remarks were made by head of the African (...)
A number of construction companies operating in Egypt have so far received 90 percent of financial compensation, a senior official told Amwal Al Ghad on Sunday.
The compensation are estimated at around 14 billion Egyptian pounds ($880.2 million), (...)
Egypt are close to operate five infrastructure projects – financed by the World Bank Group (WB) – in Dakahlia and Beheira governorates within a timeframe of 18-month maximum.
The five projects are being executed by the construction company Al-Abd, (...)
This article tackles the current prices per metre for housing, administrative, and medical units in Egypt's new capital city, where a large number of senior real estate developers are executing major projects.
As for the semi-furnished housing units (...)
Egypt's construction firm Al-Abd targets business volume up to around 1.5 billion Egyptian pounds ($93.8 million) within the next year, its managing director announced on Wednesday.
"We are currently negotiating to execute a bundle of infrastructure (...)
Two Egyptian housing companies, affiliated to the Holding Co. for Construction and Development (HCCD), are in talks to establish a public-private partnership (PPP) investment project within the current year.
The project will be carried out in (...)
Egypt's state-owned construction firm, Arab Contractors plans to finalise the repair works of 26 July Corridor within the next two weeks, its chairman said on Thursday.
The corridor – which links Sixth of October and Sheikh Zayed cities with Greater (...)