Sunday 7 February 2016
 
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housing project

Egypt secures $381m funding for mega housing project

The Egyptian government has sealed four financing contracts worth E£3 billion ($381 million) to help fund the construction of a million housing units across the country, said a report. The housing development, which is one o

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Bahrain to launch housing project tenders

Tenders to build 1,200 housing units within the Al Ramli Housing Project will be launched next month, a report said. Housing Ministry’s assistant under-secretary Sami Bu Hazza said that work was underway to prepare the site

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Bloom to delay Iraq housing project

Bloom Properties, a subsidiary of the Abu Dhabi’s National Holding, has slowed down its plans to build 40,000 homes in Iraq because of the worsening conflict in the country, said a report. The company said it had already com

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Sedco wins Saudi housing contract

Sedco Development, a key developer in Saudi Arabia, has been awarded a contract for the construction of Gardenia Residence, a project in Jeddah owned by the AlAhli Sedco Residential Development Fund in partnership with Ghoneim International Comp

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Egypt gets World Bank loan for key housing project

World Bank approved a $500 million loan to help Egypt finance the construction of one million housing units for low-income residents over five years, said the country's housing minister. "Between 25 and 40 per cent of the

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Egypt, Arabtec near accord on $40bn housing project

Egypt's housing ministry and Dubai's Arabtec have agreed some of the terms for a $40-billion project to build one million homes across the country, and they will sign a final contract within 10 days, a ministry spokeswoman said on Tuesda

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Egypt, Arabtec to resume talks on $40bn housing plan

Arabtec's chairman will meet officials of Egypt's housing ministry on Wednesday to renegotiate the terms of a $40 billion plan to build one million homes in that country, a source familiar with the matter said. Dubai-liste

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Manara sees Bahrain housing project on track

Bahrain-based Manara Developments said it has completed 50 per cent of the construction work on the third phase of its 'Wahat Al Muharraq' development project. One of Manara's major housing projects estimated to cost B

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Bahrain to start work on big housing project in 2015

The work on Al Ramli housing project in Bahrain is likely to start early next year on finalising budget procedures, said a report. The massive development project includes more than 3,500 housing units to cater to old applicants f

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Arabtec plan for $40bn Egypt project 'almost complete'

Dubai-based construction company Arabtec is close to completing the planning and design stage of its $40 billion deal to build one million homes in Egypt, the company said. Arabtec originally announced in March that it had agreed

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