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Sawiris partners with local, Emirati players to redevelop Morocco hotel
Samih Sawiris is leading the redevelopment in Morocco of the Mogador resort in Essaouira, Morocco, in a drive worth as…
Elsewedy Electric earnings, revenues rise more than 50% in 2022
Elsewedy Electric booked EGP 5.4 bn in net income after minority interest in 2022, up 51% y-o-y, according to its…
NGE on board to lay Sokhna-Alex high-speed rail link
France’s NGE to build Sokhna-Alexandria section of high-speed rail: French construction firm NGE and its subsidiary TSO have signed a…
Offers roll in to build the EUR 1.6 bn Alexandria metro project
Three consortiums of local and international contractors have submitted final bids
As macro conditions weigh on real estate players, what’s the gov’t doing to help?
What is the state doing to support the real estate sector? A perfect storm of economic headwinds — rising inflation,…
GASC launches its second int’l wheat tender this month
COMMODITIES- A second World-Bank backed wheat buy: State grain buyer GASC has launched an international tender for 30-60k tons of…
Delays to national projects could hit the construction industry
Delays to national projects will challenge construction players whose portfolios aren’t diversified: Earlier this month the government announced new curbs…
Orascom Construction announces 2022 dividend payout
MARKET WATCH- Orascom Construction will pay out dividends of EGP 5.535 (USD 0.185) per share for 2022, redeemable on 9…
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