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Logistics (MENA) 
SECON signs interior finishing contracts worth EGP 350 mn
The Saudi Egyptian Construction Company (SECON) signed five contracts worth EGP 350 mn with local contractors for the interior finishings…
Real estate
NUCA to establish company to manage development of new cities
The New Urban Communities Authority (NUCA) will establish a EGP 10 mn company to manage the development of new cities,…
Housing Ministry begins setting compensation rates for contractors
The Housing Ministry has begun setting up rates by which it will compensate contractors for losses incurred after the EGP…
Karma begins implementation of two projects in New Cairo
Karma Real Estate began work on two EGP 160 mn projects in the New Cairo, Chairman Ahmed Mostafa tells AMAY.…
ISDF allocated EGP 1.3 bn to compensate Maspero triangle residents
The Informal Settlement Development Fund (ISDF) is allocating EGP 1.3 bn to compensating Maspero Triangle households, Al Mal reports. More…
MNHD contracted sales grow 13% y-o-y in 3Q2017
Madinet Nasr for Housing and Development (MNHD) reported that contracted sales for 3Q2017 grew 13% y-o-y to EGP 1.2 bn…
Heliopolis Housing to begin marketing new EGP 2 bn residential compound
Heliopolis Housing is planning to begin marketing a new EGP 2 bn residential compound in Heliopolis this month, Deputy Chairman…
First Group to establish EGP 4 bn compound in Fouka North Coast
Real estate developer First Group is planning to establish a new EGP 4 bn compound in the North Coast’s Fouka…
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