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Companies paying for NUCA land in USD from abroad will skip the line and the bidding from November
Good morning, folks. You will read below about three things the government is doing at once right now: selling a…
ADD Properties secures USD 265 mn syndicated loan led by the EBRD for its Giza hotel
The EBRD has arranged the USD 265 mn syndicated loan for ADD Properties’ new Grand Hyatt on the Giza Plateau,…
ACUD plans incentive program for developers as costs and interest rates climb
Here are the stories driving the day, both at home and abroad. Administrative Capital for Urban Development (ACUD) is drafting…
TMG signs four state partnership deals worth some EGP 11 tn across Madinaty, Alexandria, Abu Qir, and North Coast
The four mixed-use projects would cost roughly six times the amount paid for Ras El Hekma, but neither side has…
Mega developers take the investment zone route
More megaprojects are routing their government business through Gafi’s investment zones to move faster, but the incentives still hinge on…
Electricity Ministry taps Giza Cable Industries for EGP 237.3 mn Saudi interconnection work
PLUS: Emaar Misr hired BDO Keys to value its own and Skytower’s shares and set the swap ratio for acquiring…
MNT-Halan’s retail book is 2.68x covered, with EGP 3.16 bn of orders for an EGP 1.18 bn tranche.
Good morning, folks. Ambition is the theme in today’s issue, and it starts with two stories you will read here…
Hyde Park buys 415 feddans of historic Dream Land land in 6th of October City
Plus: UDF awarded a 20-year usufruct to Ananea Hotels & Resorts and Beit El Qahira to turn Wakalet El Shourbagi…
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