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Infrastructure 
SECON to invest EGP 5 bn in Egypt’s real estate over coming 3 years
The Saudi Egyptian Company for Development (SECON), formerly known as the Saudi Egyptian Construction Company, aims to expand its investment…
Real estate
NBE issues EGP 1.75 bn letters of guarantees for monorail projects
The National Bank of Egypt (NBE) issued six letters of guarantee worth EUR 64.9 mn (EGP 1.75 bn) to a…
Telecom Egypt to begin working on EGP 40 bn new capital IT network
Telecom Egypt (TE) will begin working on a EGP 40 bn (c. USD 2.4 bn) project to develop a telecommunications…
Palm Hills inks agreement with JBI to manage Sixth of October project
Real estate developer Palm Hills has signed an agreement with Julius Burger International (JBI) to manage phase 1A of its…
NUCA signs MoU for waste-to-energy project in west Cairo
The New Urban Communities Authority (NUCA) has signed an MoU with Besixand Orascom Construction for a waste-to-energy project to supply…
Memaar Al Morshedy to develop 900-acre mixed-use project in Sahel
Real estate player Memaar Al Morshedy plans to develop a 900-acre mixed-use project on Egypt’s north coast, a company source…
Madbouly, industry figures review draft law to regulate real estate developers in Egypt
LEGISLATION WATCH- Cabinet, industry figures review draft law to regulate real estate developers: Prime Minister Moustafa Madbouly, Housing Minister Assem…
Sarwa close to concluding EGP 5 bn in securitized bond issuances
Consumer and structured-finance player Sarwa Capital is close to concluding two issuances of securitized bonds worth EGP 5 bn, Ayman…
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