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Infrastructure 
Madinet Masr announces first project outside of Cairo. PLUS: Raya CX expands in KSA, Weitz medical warehouses
The Zahw mixed-used development in Assiut will feature almost 1.3k residential units
Orascom Construction revenues slip in 1Q 2023
Backlog dips to USD 5.5 bn
Hassan Allam Properties signs EGP 500 mn sale-leaseback agreement with Beltone
HAP will finance commercial and hospitality assets owned by two of its subsidiaries
Orascom Construction, Metito to build USD 2.4 bn desalination plant in Abu Dhabi. PLUS: Standard Chartered eyes Egypt, FX crisis hits Arab Alloys industrial complex
The project will process more than 500k cbm of seawater per day
Orascom Construction sells chemicals subsidiary for EGP 1.8 bn
OC plans to allocate the proceeds to “growth and value-accretive areas”
THIS EVENING: OC divests construction chemicals subsidiary to Switzerland’s Sika
Good afternoon, friends. It’s nearly the end of this very busy week, which we’re looking forward to more than most…
Domestic headwinds have real estate + construction firms looking for business abroad
Generating FX income abroad would help shore up liquidity to finance more expansions
Regulators just greenlit Egypt’s first ever gold investment fund. PLUS: Data center upgrade, new Sawari tech fund, oil + gas exploration.
Gold prices have surged 60% this year on ongoing economic uncertainty
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