Iraq’s Shamara wants to get in the redevelopment of the former NDP headquarters with the SFE: Iraqi conglomerate Shamara Holding is interested in working with the Sovereign Fund of Egypt (SFE) to develop the land where the headquarters of the dissolved National Democratic Party used to stand, Al Mal reports, citing unnamed sources familiar with the negotiations. The prime Nile-side land was earlier this year transferred to the SFE following a presidential decree that provided the fund more control over management of state assets. The development of the land comes as part of the SFE’s planned joint redevelopment of Old Cairo with the private sector, which includes the Mogamma El Tahrir building and the downtown Interior Ministry headquarters.

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