Construction
Egyptian Tax Authority issues comprehensive tax guide for contracting sector
Rasha Abdel Aal, Chairperson of the Egyptian Tax Authority, announced the release of a comprehensive explanatory guide on the tax treatment of contracting and construction services under Law No. 157 of 2025. The guide aims to boost tax awareness in the contracting sector—a key pillar of Egypt's economy—by simplifying tax concepts and procedures. It is available for viewing and download on the ETA's official website.
Construction begins on Madrid's City of Justice in Valdebebas after two decades of attempts
Madrid's regional president Isabel Díaz Ayuso and mayor José Luis Martínez-Almeida attended the start of construction for the City of Justice in Valdebebas. The project, unifying 378 judicial bodies in 470,000 square meters, is set to finish in the first quarter of 2029. It involves a 653 million euro investment with estimated annual savings of 80 million.
Sinoma opens Tafo concrete plant in Ethiopia
Sinoma International Engineering Corporation Limited has inaugurated its first ready-mix concrete plant in Tafo, Ethiopia, as part of a plan to establish ten production sites nationwide. The facility aims to bolster the country's construction sector with high-quality materials. Officials from China and Ethiopia hailed the opening as a key step in bilateral economic cooperation.
Public works launches action plan to end construction failures
South Africa's Department of Public Works and Infrastructure has unveiled the South African Construction Action Plan to address chronic issues in public construction projects. Minister Dean Macpherson announced the initiative in Cape Town, aiming to restore accountability and halt the cycle of incomplete schools, hospitals, and escalating costs. The plan targets mismanagement, disappearing contractors, and criminal interference in the sector.