Market News

 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 develo . . .

 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 Lifest . . .

 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 . . .

 Governor of Meru Peter Munya has said this week that the county will benefit from the planned governments’ annuity roads construction program by building 120km of roads, after talks with the national government bore fruit.   Talks held between the governor, Meru senator Kiraitu Mu . . .

 Construction of the US$2 billion Bellara steel complex construction will kick off in the first quarter of this year 2015 in Jijel East of Algeria, the prefect of Jijel, Ali Bedrici has said.   The steel project will help the country to produce 4 million tons of steel per year in the sec . . .