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Infrastructure 
ACUD’s assets have tripled in value post float. PLUS: News from NBE, ITIDA, Al Ahly Momkn, IFC, Capricorn Energy
Three industrial developers have so far submitted offers for 1 mn sqm plots each in phase 2 of the new…
World Bank pledges USD 6 bn financing package for Egypt
The funds will be split between the government and Egyptian private sector
FRA takes steps towards launching Africa’s first carbon market. PLUS: News from Kima, Safari Group, Tafweela, Orascom Development
FRA selected TÜV Nord EGYPT, TÜV Nord Cert, and the Egyptian Center of Organic Agriculture to take on the responsibility,
Damietta Port lines up USD 455 mn for second cargo terminal
The terminal will have a final capacity of 3.5 mn TEUs and begin operation by 2024.
Talaat Moustafa Group now owns a 39% stake in the state’s historic hotels company
Talaat Moustafa could increase its stake to 51%
IFC backs SME on-lending with USD 50 mn shariah-compliant facility to Al Baraka Bank. PLUS: News from Visa, Valu, and Partment.
DEBT- Al Baraka lines up shariah-compliant financing from IFC: The International Finance Corporation (IFC) has agreed to lend USD 50…
Hilton and Amazon Developments to build hotel in new capital tower. PLUS news from IFC, Jan De Nul, EgyptAir
The 120-room hotel with four restaurants and a swimming pool is expected to open in 2026
EBRD to lend USD 50 mn to copper manufacturer UMC
The loan will fund UMC’s FX liquidity for raw material imports
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