INFRASTRUCTURE-

Hassan Allam secures another Neom project: Hassan Allam Holding’s subsidiary Hassan Allam Roads and Bridges was awarded a roads and paving works contract at the Port of Neom in Saudi Arabia, according to a statement from the company. The work — which covers a total area of 375k sqm — will include supplying and installing pavement across multiple zones.

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This isn’t Hassan Allam’s only Neom project: One of the company’s other subsidiaries, Hassan Allam Construction Saudi, was tapped in July to design and construct a container terminal and marine services area, along with the infrastructure of the terminal at the futuristic city’s port. Hassan Allam Construction Saudi is also designing and building warehouses, a wastewater treatment plant, and other facilities for the expansion of one of Neom’s communities under a contract awarded in 2023.

REAL ESTATE-

Majid Al Futtaim plans to set up a residential and hotel project in East Cairo in partnership with Midar Investment and Urban Development, two sources in the know told Ashraq Business. The project will span 1k feddans within Midar’s Mada project. The two sides are expected to sign the project agreement in 3Q 2025. Representatives from Majid Al Futtaim declined to comment on the news when EnterpriseAM reached out.

DEBT-

Sodic’s Tabrouk secures EGP 2.5 bn loan: Sodic subsidiary Tabrouk for Development inked an EGP 2.5 bn bridge loan with the CIB to fund the development of its June project in the North Coast, according to a disclosure to the EGX (pdf).

INVESTMENT-

Finance in Motion plans to invest USD 100 mn in Egypt: Germany-based global asset manager and impact investor Finance in Motion plans to invest USD 100 mn in Egypt this year, with a focus on renewable energy, banking, and green tech, the company’s country head Mohamed Morsy told Al Arabiya. The company will also sign its first investment in the country’s agricultural sector within weeks, Morsy said.

This is not Finance in Motion’s first investment in Egypt: Finance in Motion currently has USD 400 mn invested in Egypt across long-term bank loans, the Benban solar plant, and startups like Khazna and Cartona.

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