»EGYPT: The Egyptian government has announced the construction of two new cities

EGYPT:  The Egyptian government has announced the construction of two new cities in southern Egypt to meet the need for housing of a population that continues to grow and ensure to eliminate the existing informal settlements. The announcement was made by the Minister of Housing, H. E. Mostafa Madbouly, during a press conference in which the point was made on the sector. The Minister highlighted that the investments launched in the last 30 months (43 billion Egyptian pounds) are higher than those made in the previous 20 years and have affected projects for low-income people (with plans for a million social houses), middle class (with the project Dar Misr) and linking existing housing to services. The main projects on which the government will focus in the coming years are the new administrative capital of Cairo, the new Toshka, the new Ismailia, the urban project of East Port Said and, the above mentioned two new cities in the south, within a plan for the promotion of new generation city to be realized in the country. Source: InfoAfrica


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»Real estate developer in Nigeria

NIGERIA: Real estate developer in Nigeria aims to construct 2,000 houses by 2017 – Real estate developer in Nigeria

Ifitech and Associates Limited plans to construct over 2000 housing units across the country before the end of 2017.

“All our estates currently have perimeter fencing with road networks, drainage systems, water, security, play areas for family and shopping centers. We are hoping to create estates that will function with a communal lifestyle, where people will live in peace and harmony irrespective of religion or ethnicity” the company’s Chief Executive Officer Ifeanyi Isaac said.

He added that Ifitech and Associates Limited is at the moment working with the Imo State Government to offer mass housing and the company is still looking for opportunities with other states to develop affordable mass housing for Nigerians.  Source: Construction Review on line


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KENYA  and TANZANIA agree to construct two link roads – Kenya and Tanzania

are now set to construct two link roads that will ensure that there is better movement of goods between the two countries.

The deal is the major announcement emanating from a meetings between President John Magufuli and his host President Uhuru Kenyatta. According to the agreement that the duo head of states made they will now proceed to make final details that will see the Africa Development Bank (AfDB) finance the construction of the Bagamoyo-Malindi highway, and the road through Isebania border in Migori County to Tanzania. Source: Construction Review on line


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» UAE-led consortium completes New Suez Canal

An international consortium led by UAE-based National marine Dredging Company (NMDC) has completed the New Suez Canal Project in Egypt.

The $1.5bn (EGP11.75bn) project was undertaken by the Challenge Consortium, an NMDC-led collaboration that also included Boskalis, Van Oord, and Jan de Nul. News of the completion was announced following a successful trial run of the canal, which took place on 25 July, 2015.


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» Egypt's Ministry of Trade & Industry will establish a city for furniture manufacturing in Damietta.

Egypt’s Ministry of Trade & Industry will establish a city for furniture manufacturing in Damietta, 15km from the Mediterranean Sea, and 200km north of Cairo, it was recently announced.

Mounir Fakhry Abdel Nour, Egypt’s minister for trade & industry announced the city will span an area of 1.4sqm (331 feddan; 1 feddan = 0.42ha), and that the ministry is working to ensure speedy construction of the project, local daily Amwal Alghad reported.


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» Suez Canal $78m power plant set for 2016 delivery

Egypt-based Arab Contractors will finalise works on a new $78.7m (EGP600m) Suez power plant early next year, it was announced. 

The plant, due for operation in the beginning of 2016, is a part of the Egyptian government’s five-year scheme.


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» Africa creates TFTA - Cape to Cairo free-trade zone

African leaders have agreed to create the continent’s largest free-trade zone, covering 26 countries in an area from Cape Town to Cairo.

The deal, signed in Egypt, is intended to ease the movement of goods across member countries which represent more than half the continent’s GDP.


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» Egypt Vox Cinemas complex worth $65.5m, MAF says

Property developer Majid Al Futtaim will build four neighbourhood centres in Cairo’s new residential cities, and four shopping malls in greater Cairo as a part of its $3bn (EGP22.5bn) investment in the country.

Abdalla El Nockrashy, Egypt country head at Majid Al Futtaim Properties told Construction Week that $65.5m (EGP500m) will be allocated to introduce the country’s first Vox Cinemas complex within the next five years.


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» Special focus – Construction market in Mozambique, Ghana, Ethiopia

Mozambique is a country of only 23 million people in the center-south of the African continent. Yet for the past few years the country has often been among the preferred destinations of system-missions from Italy. 

The reason, of course, is oil: the Mamba Eni area has discovered its largest gas field. However, when one country becomes interested in another for its energy resources, things start with them but inevitably bring along a broader package of undertakings, with the infrastructure sector in the front line.


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» Abraj Misr launches $196.6m 'The Shore' in Egypt

Abraj Misr, an Egypt-based property developer, launched a resort project worth $196.6m (EGP1.5bn) for construction in the country’s Ras El Hekma area.

Ras El Hekma lies on Egypt’s northern, Mediterranean coast,  260 km west of Alexandria. The nearest airport of note is at Marsa Matruh, 60 km to the west. The Shore project spans an estimated area of 72ha (180 acres).


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» Egypt signs $2.2bn of transport, ports deals

Egypt has signed several agreements with international firms covering ports and transport projects worth a combined $2.2bn.

These include a pair of deals with China’s AVIC International Holding Co worth $500m which will see the company build trains in Egypt, and an MoU to build a railway line with electric trains running from Alexandria to Abu Qir with Italian firm Trenitalia.


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» Egypt’s new capital will be solar powered, says housing minister

 Egypt plans to build a new administrative capital east of Cairo within the next seven years costing the equivalent of 43 billion euros.

The country’s housing minister Mostafa Madboul told an international investment summit in Sharm el-Sheik that the plans for the new city includes an airport and one million housing units.

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» SOM to design new Egyptian capital city

US-based design firm Skidmore, Owings & Merrill LLP (SOM) says Egypt’s new $45bn capital city will be designed and built to meet the needs of a modern city with a burgeoning economy.

Announced during the Egyptian Economic Development Conference held in Sharm El Sheikh, the Capital Cairo project is a collaborative effort between Egyptian Ministry of Housing and Capital City Partners Ltd, a private fund of global investors with input from SOM.


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» Egypt's ASEC to help run Ethiopian cement plant

ASEC Engineering, part of Egypt’s Qalaa Holdings empire, has won a deal to provide technical assistance and for the operation and maintenance of a plant in Ethiopia.

The company has signed a one-year contract, which is renewable for a period of up to five years, to help manage a one million tonne capacity clinker plant for the National Cement Share Company (NCSC) in the city of Dire Dawa, around 450km east of the capital Addis Ababa.


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