Greek Campus, MQR are now one: The Greek Campus and coworking space provider MQR have entered into a definitive merger agreement, creating what they say is the MENA region’s largest community of entrepreneurs. The agreement, inked by Greek Campus founder and chairman Ahmed El Alfi and MQR co-founder and CEO Muhammed Nagi, will see both organizations continue to operate independently under a single board, the companies said in a joint statement (pdf).

The new entity in numbers: The newly-established company has more than 50k sqm of commercial space in 14 locations across Egypt and a network of more than 3.5k entrepreneurs representing 450+ companies, according to the statement.

Everything’s coming together in one combo: “All the shareholders of both entities will stay involved and will become shareholders in the new entity,” Al Alfi told Enterprise yesterday, confirming that “it’s not an acquisition of one company or the other.” The new entity has “two strong management teams of both brands joining together,” said Al Alfi, without disclosing the board’s composition. He declined to reveal the shareholder structure of the new entity.

Turnkey solutions in the pipeline: The company will roll out over the next 12 months a “brand-new workspace concept” and new furnishing and procurement services, according to the statement. “We’ll have a division that will provide turnkey solutions to companies that want to come in and set up quickly and be asset-light,” Al Alfi said.

An all-in-one website: Greek Campus members will soon be able to work remotely in any of the locations provided by the newly-established entity via a unified online platform set to go live before the end of the year, according to Al Alfi. The website will provide access to exclusive events, investor nights, and a new set of resources to members, Nagi told us yesterday.

The company could look to attract new investment next year: “We are looking to expand our locations to new areas, and maybe raise capital in the beginning of next year for that purpose,” Al Alfi told us. “Alexandria could be the newest addition to the current cities both entities operate,” he said, explaining that Alex has the largest underserved population for both brands. The companies currently have a presence in Cairo, Sheikh Zayed, Gouna, Menofia, and Aswan.

What’s next: There’s a possibility that “the new entity adds additional brands,” Al Alfi said, without providing further details.

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