Pyramisa is planning to resurrect a EGP 500 mn touristic resort by Egypt’s new Grand Egyptian Museum in Giza, which authorities had refused to license last year claiming the company was looking to build on agricultural land, Chairman Magdy Azab tells Al Mal. The company plans to self-finance the project and is currently studying partnership opportunities with an unnamed real estate developer.
More from Enterprise
Banque du Caire’s blockbuster IPO holds firm against EGX selloff
The IFC and the EBRD are in for USD 100…
Can AI promise Egypt’s lenders more borrowers and fewer bad loans?
Banks are cautious about letting AI judge a borrower. Local…
Egypt’s funds crossed EGP 500 bn in 3Q on retail money and a stalling core
Money market funds stalled while retail piled into equity, index,…
DPI closes Egypt-born fintech fund Nclude at USD 112 mn
The final close adds roughly USD 7 mn to a…