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Infrastructure 
City Edge to launch specialized arms for development projects
City Edge to launch specialized arms for development projects: City Edge is looking to set up several subsidiaries focused on…
Siemens, Hassan Allam land new capital control center tender
Siemens, Hassan Allam beat State Grid, Huawei in new capital control center tender: A Siemens-Hassan Allam consortium has been awarded…
Who’s in the market for debt? Redcon Construction + MSMEDA
Redcon Construction has signed a EGP 625 mn syndicated loan agreement with the National Bank of Egypt and Qatar National…
Samcrete to back Alday Development’s USD 12 mn EBRD loan
Samcrete has agreed to guarantee subsidiary Aldau Development’s planned USD 12 mn loan agreement with the European Bank for Reconstruction…
Real estate developers face higher solvency requirements for land allocation
Real estate developers are now required to meet a minimum solvency test on land purchases worth more than EGP 1…
JPMorgan disburses first loan tranche for monorail project
DEBT WATCH- Egypt just got the first USD 332 mn tranche of a loan from JPMorgan to finance the construction…
SODIC’s Eastown District project to come online in 2021
Upmarket real estate developer Sodic is on track to begin delivering units in its Eastown District New Cairo (EDNC) complex…
Egypt’s NUCA signs EGP 50 bn syndicated loan agreement
The New Urban Communities Authority (NUCA) has borrowed EGP 50 bn from a consortium of local banks headed by the…
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