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Infrastructure 
El Sewedy Education in talks for EGP 650 mn loan to fund new capital university
El Sewedy Education is in talks with local banks for a EGP 650 mn loan to finance the first phase…
ODE inks agreement with Thomas Cook to develop hotel, rebrand another in Gouna
An Orascom Development Egypt (ODE) subsidiary has inked an agreement with global tour operator Thomas Cook to develop a hotel…
Egypt’s First Group to invest EGP 6 bn in new real estate projects
First Group for Real Estate Investment will invest up to EGP 2.25 bn in new projects in 2019, Chairman Bashir…
Egypt’s FDI attractiveness called into question after talks over CFLD’s USD 20 bn new capital project fall through
Does the collapse of talks on a USD 20 bn Chinese investment call into question Egypt’s attractiveness to foreign investors?…
Egypt’s real estate looking up with 44% annual jump in pre-sales
Real estate slowdown? What real estate slowdown? For some months now, conventional wisdom has held that the top end of…
Elsewedy concludes studies for 2 mn sqm industrial zone in Egypt’s New Alamein
Elsewedy Electric’s industrial development arm has completed its financial and technical feasibility study for 2 mn sqm of industrial land…
Earnings Watch: SODIC reports 44% y-o-y net profit growth in 3Q2018
EARNINGS WATCH- SODIC reported 44% y-o-y growth in its bottom line to EGP 238 mn in 3Q2018 with a strong…
ODE inks final agreement with NUCA to co-develop 4.2 mn sqm in Six October City, expected to generate EGP 77 bn
Orascom Development (ODE) has signed a contract with the New Urban Communities Authority (NUCA) to co-develop a 4.2 mn sqm…
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