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Hassan Allam Properties buys 110K sqm of El Gouna from Orascom Development for USD 37.4 mn. PLUS: Allianz Egypt, Tadweer, Chefaa, Luna, Didi
The sale is expected to attract investments in El Gouna’s infrastructure, amenities, and facilities
Orascom Development, E-finance, Madinet Masr report 3Q earnings
E-finance saw its net income after non-controlling interest rise 47% y-o-y
EBRD mulling USD 200 mn loan for Hassan Allam Utilities and ACWA Power’s 1.1 GW Gulf of Suez wind farm
When operational, the project will offset 2.4 mn tons of carbon dioxide annually and produce enough power for nearly 1.1…
Beni Suef, Sharqia are getting EGP 4.8 bn worth of projects. PLUS: News from GIZ, EgyFert, Madinet Masr,
The projects are set to be completed within two years
Egypt is in line for funds from the Green Climate Fund
The Green Climate Fund approved funding proposals for three multi-country sustainable development programs totaling USD 2.7 bn
NRA to launch tender for the management of Bashteel’s garage. PLUS: News from Orascom Development, EBRD, B.TECH
The investor will be responsible for maintenance, cleaning, security, and utilities throughout the 10-15 year lease
SCA unveils package of incentives to boost yacht tourism. PLUS: News from AOI, DisrupTech, GB Capital
The incentives include a discount on fees
Dragon Oil is looking to invest more in Egypt. News from UN, El Gouna, AAIB
The government owes Dragon Oil USD 200 mn in receivables
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