The New Administrative Capital Company for Urban Development (NACCUD) is in talks with unnamed investors to develop a 150 feddan sporting complex in the city, a source from the engineering department said, according to Amwal Al Ghad. NACCUD is planning to announce a line-up of foreign investments in “infrastructure and sporting projects” in the coming months, and is expected to award contracts by the year-end, the source added.
More from Enterprise
Israel’s Arkia Airlines moves flights to Egypt’s Taba to bypass wartime airspace restrictions
Israel’s Arkia shifts some flights to Egypt as airspace tightens…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Private capital hasn’t frozen in MENA — but the exit playbook could change if the war drags on
PE and VC-backed companies were already pivoting to local exchanges…
Telda moves into investing with zero-fee stock trading
Telda claims users can sell a position and immediately spend…