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The Opening of The Kaktus Hotel marks a new destination in Somabay, inspired by active lifestyle and culinary destination offerings. The Kaktus has finally bloomed on the Red Sea. #Lovesomalivekaktus
Author Archives: enterpriseam admin
Posted inInvestment Watch
Qatar to invest USD 29.7 bn in North Coast project
Diar will pay USD 3.5 bn for the land and contribute USD 26.2 bn in in-kind investments to develop the project
Posted inReal estate
Emaar Misr, KSA’s Dallah Albaraka to develop EGP 78 bn New Cairo project
The project will span 380 feddans and generate some EGP 117 bn in revenues
Posted inEnergy
Arcius Energy takes over Harmattan gas field
The company will take over all obligations and development rights for the field
Posted inManufacturing
Pure Dive secures NBE, CIB financing for Egypt’s first chlorine tablet factory
CIB and NBE will provide over 70% of the USD 39 mn investment for the Pure Dive facility
Posted inEnergy
Infinity Power, Hassan Allam Utilities ink complementary agreements for solar projects
Located in Minya and Aswan, the two projects will add 1.2 GW of solar power capacity and 720 MWh of battery storage to the national grid.
Posted inBanking
Financial stability index climbs in the first quarter of 2025
A stronger banking sector and more resilient capital markets contributed to the improvement in financial stability
Posted inKudos
Somabay launches Sea Beyond Sight initiative
Our friends at Somabay have launched the Sea Beyond Sight - Vision for All initiative aimed at supporting individuals with vision impairments in the Red Sea region, in partnership with the health and social solidarity ministries, as well as Dialogue in the Dark Egypt and local NGOs, according to a press release (pdf). The two-month […]