Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
AI + Innovation (MENA) 
Infrastructure 
A look at Egypt’s infrastructure spending priorities for FY 2024-25
Some EGP 186 bn will be allocated to urban development, with EGP 50 bn going to the real estate sector
SDX Energy sells its 50% stake in West Gharib concessions in Egypt exit. PLUS: State pays oil arrears, Tahya Misr 1 terminal online in 2025, Heliopolis Housing shortlists development partners
The company is also in the process of selling its assets in South Disouq
Turkey’s DNM inks contract to set up denim factory. PLUS: News from Heliopolis Housing, InDrive, Air Arabia
DNM last month received approval to move forward with the denim factory
Offers roll in for the rehabilitation of EgyptAlum. PLUS: News from Valu, B Investments, Rixos Hotels
Emirati Fleet Energy, and Chinese Nonferrous Metal Mining Group have both submitted technical offers
Admaius inks strategic partnership with local pharma player. PLUS: News from Madinet Masr, ACDIMA, Social Housing Fund
Matouk Bassiouny advised Admaius Capital on the transaction and Zilla Capital was the sole financial advisor to Parkville
A ton of real estate news from ACUD, Talaat Moustafa, Heliopolis Housing
ACUD has landed five new partnerships worth EGP 180-200 bn in 2024.
Contact to expand in Saudi in 2025. PLUS: News from B Investments, Talaat Moustafa Group, ADIB, Mashreq, Madinet Masr, Idea Verde, Azimut
The investment will fund Basata’s regional expansion plans
Madinet Masr nearly tripled its earnings in 2023, saw record sales
The company’s growth was driven by sales at Taj City and Sarai projects
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