Egypt construction costs ‘soar after currency float’

Construction costs in Egypt have soared since Cairo took the decision to float its currency, the pound, according to a press report....

Construction

Tender for Sharm El-Sheikh airport works expected – report

A tender for the expansion of Egypt’s Sharm El-Sheikh International Airport is being prepared, it has been reported. A source from the...

Construction

Egypt’s Arab Contractors in $15m Dubai hotel deal

Arab Contractors, one of Egypt’s largest construction and contracting companies, recently signed a AED55 million ($15 million) contract with UAE-based Al Ghurair...

Construction

China firm in $20bn deal for Egypt’s new capital

A Chinese firm has reportedly signed a deal to develop and manage a vast area of Egypt’s planned new administrative capital city,...

Infrastructure

Egypt hoping to attract $10bn in FDI – official

Egypt’s investment chief has revealed that the North African country hopes to attract $10 billion in foreign direct investment (FDI) as it...

Construction

Profits slide at Egypt’s Orascom Construction

Egypt’s Orascom Construction on Wednesday reported a 22.4% drop in second-quarter profits, as the contractor said it continues to limit its exposure...

Construction

Arab Contractors turnover ‘hits $2bn’ on new Egypt deals

Egyptian construction firm Arab Contractors says its total turnover has registered a year-on-year increase of four billion Egyptian pounds ($112.6 million) to...