SODIC and Talaat Moustafa Group (TMG) are among 15 companies that have submitted bids to buy land in the New Administrative Capital, a source at the company managing the project told Reuters’ Arabic service. The companies submitted financial and technical offers, the source said. The source said the technical bids were evaluated and the financial ones will be reviewed in a month.
More from Enterprise
Banks set for acquisition rush as CBE scraps 40% ownership cap for financial companies
The CBE will by extension see its oversight of these…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Egypt looks to restart privatization push with five new EGX filings
Egypt is looking to temporarily list 20 state-owned companies this…
Telda moves into investing with zero-fee stock trading
Telda claims users can sell a position and immediately spend…