CAPITAL MARKETS-
Another fractional real estate ownership platform: Coldwell Banker Egypt has entered a strategic partnership with Sakr Investment Management to promote and operate Farida, a licensed digital platform for fractional real estate ownership, according to a statement (pdf). The platform — authorized by the Financial Regulatory Authority under Sakr’s Real Estate Investment Fund license — allows investors to buy shares in residential, commercial, administrative, and medical properties, offering a lower-cost entry into Egypt’s property market.
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REMEMBER- The FRA has recently rolled out a new framework for fractional real estate investment, allowing investors to buy and trade units in real estate funds under tighter governance and disclosure rules. The move aims to expand access to property-backed investment vehicles and deepen liquidity in the domestic non-bank financial markets.
LOGISTICS-
The Damietta Container and Cargo Handling Company partnered with G3A to activate a system for transporting containers to and from the Damietta Container Terminal via train, according to a statement. The partnership also aims to integrate transport and customs clearance services to boost operational efficiency and reduce train wait times within the port.
Egypt is pushing rail in a big way: Egypt is gearing up for a wider adoption of rail freight, with G3A — founded in 2023 after a merger involving Gharably Integrated Engineering Company and 3A International — among those leading the charge. G3A launched Egypt’s first fixed-schedule rail freight service last summer, featuring two weekly trips with a total capacity of 200 TEUs.