Market News
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AFDB to fund construction of Egyptian Airport
Posted on :Friday , 20th February 2015
The Sharm El-Sheikh International airport has received US$140 million from the African Development Bank (AFDB) to facilitate its expansion project.
The expansion involves constructing a new terminal (terminal 3) and a runway in order to increase the passengers handling capacity by 10 to 18 million per year.Sharm El- Shark Intern. . .Egypt to build a nuclear power plant in partnership with Russia
Posted on :Tuesday , 17th February 2015
Egyptian president Abdel Fattah el-Sisi and his Russian counterpart Vladimir Putin have agreed to corporate to build a nuclear power plant in Egypt.
The partnership deal was signed during an official visit by President Vladimir Putin to Egypt.The move for a nuclear power plant project is expected to strengthen economic ties betw. . .SODIC to invest US$301.64 million in Egypt
Posted on :Tuesday , 17th February 2015
Egypt’s property group SODIC has announced on Monday this week that it will invest US$301.64 million in 2015. CEO of SODIC Ahmed Badrawi has said the company is set to build 684 new property units in 2015. The company had announced last year that construction of first phase of its development in Heliopolis would start this year.
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Construction of Kenya�s tallest skyscraper kicks off
Posted on :Tuesday , 17th February 2015
Construction of the Kenya’s tallest skyscraper, 40 storey Hazina Trade Centre in Nairobi has started. The tower will be constructed atop the existing 8 storey Hazina Trade Centre located on Moktar Daddah Street and currently hosting one of Kenya’s main chain stores, Nakumatt Lifestyle.
China Jiangxi International has been contracted to construct th. . .Algeria records increased imports in construction materials
Posted on :Thursday , 12th February 2015
National Statistics and Data processing centre (CNIS) has reported that the quantity of imported construction materials in Algeria increased by 15.6% in 2014.
According to the report, imported quantities of main building materials such as wood, cement, iron, ceramic and aluminium rose to 10.13 million tonnes in 2014 from 8.92 million tonnes in 2013, representi. . .Please Select an Option
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