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What’s really happening with that MTO for Alexandria Containers?
AD Ports previously bought a 19.3% stake in ALCN from the Saudi Egyptian Investment Company
ADQ secures indirect majority control of Alexandria Container & Cargo Handling Company
The group funded the acquisition through a mix of banknotes and debt
UAE’s Modon to pour EGP 45 bn into Ras El Hekma infrastructure buildout
Modon tendered 2k feddans of work — including roads and bridges, electricity networks, and water and sewage systems
AD Ports signs 50-year agreement to develop Kezad East Port Said Zone
Construction is expected to kick off by the end of 2025
Modon taps Elsewedy Industrial Development to build and run Ras El Hekma industrial zone. PLUS: Banknbox heads to Qatar
The zone is set to span 10 mn sqm and employ more than 20k people
Modon Holding taps Hassan Allam Holding for Ras El Hekma construction projects
Good morning, friends. We’ve got another packed issue for you this morning, with plenty for you to read through this…
ADQ taps Modon Holding as Ras El Hekma master developer
The project is expected to reach total investments of USD 110 bn by 2045
Second USD 20 bn tranche of Ras El Hekma funds land in state coffers
The tranche consists of USD 14 bn fresh inflows and USD 6 bn in the form of a previous UAE…
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