PUBLIC-PRIVATE PARTNERSHIPS-

The Housing Ministry is preparing to tender the management and operation of Capital Park in the new administrative capital — also known as The Green River — to local and international companies before the end of 2025, Asharq Business reports, citing an unnamed government official. Companies vying for the management contract for the park — billed as the largest park of its kind in the Middle East and the second-largest globally — will need a track record in handling large-scale commercial, leisure, and tourism projects, alongside strong technical and investment capacity to meet international standards in operations and maintenance.

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LOGISTICS-

SCA partners with Hyundai to enhance its shipyard services: The Suez Canal Authority (SCA) is in talks with South Korea’s Hyundai Corporation to develop the Port Said Shipyard and set up an extension in Port Fouad to build eco-friendly vessels and recycle ship scraps, according to a statement. The project is still in the technical and preliminary feasibility studies phase.

ALSO- Hyundai Corporation has completed the necessary preliminary studies and technical proposals needed ahead of taking on the modernization of the Suez Shipyard Company. The two sides will ink an MoU within six months to begin the necessary studies and designs ahead of implementation.

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