REAL ESTATE-

#1- Emaar to invest EGP 100 bn in New Mivida: Emaar Misr Properties inked a strategic partnership agreement with Midar Investment and to set up the EGP 100 bn New Mivida residential project in New Cairo, according to a statement (pdf). The project will include 2.9k apartments and villas, a school, and a sports club. Emaar has already invested an initial USD 80 mn in the project, founder Mohamed Ali Alabbar told Asharq Business. Midar is expected to complete the construction on half of the project within three years, CEO Ayman Elkousey said.

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#2- Concrete Plus to develop commercial project in 6th of October: Local construction company Concrete Plus will develop a commercial, medical, and administrative project in 6th of October on land owned by Mena Touristic and Real Estate Investment near its Mena Garden City project, Hapi Journal reports. The developer will fully finance the project, which is expected to generate EGP 7 bn in sales — Mena will take 36% of the total project sales in exchange for its land plot. The project should be completed within a 36-month period once Concrete Plus settles on a consultant to design the project.

And more: The two sides are mulling further cooperation to utilize Mena’s assets.

SPORTS-

Al Qalaa Al Hamraa to begin construction on Al Ahly Stadium: Al Qalaa Al Hamraa got the green light from the New Urban Communities Authority to begin construction on Al Ahly Club’s stadium in Sheikh Zayed, according to a statement (pdf).

ICYMI: Beltone Leasing and Factoring and Al Qalaa Al Hamraa inked an EGP 4 bn syndicated leasing term sheet to finance the construction of Al Ahly’s stadium and sports city in Sheikh Zayed. The project will feature a 42k-seat stadium, a sports hospital, a museum, a university, a specialized sports school, and a hotel.

HEALTHCARE-

#1- London’s King’s College Hospital discussed setting up a medical complex in Cairo International Airport’s investment zone to cater to medical tourism and travelers through the airport during a meeting with the Civil Aviation Ministry, according to a ministry statement. The world-leading teaching hospital agreed to prepare a feasibility study for the project ahead of inking an MoU. The UK government-owned hospital has previously partnered with private investors to set up similar projects in Dubai, Jeddah, and Abuja.

#2- Wadi El Nile Stio Life Sciences will open a EGP 150 mn dialysis equipment factory in April, Chairman Amr Abdel Razek said during a presser. The locally manufactured product will be 80% cheaper than its imported alternative, with exports also in the cards after meeting domestic demand, he added.

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