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Private equity firm RMBV plans to invest USD 100 mn in Egypt in 2025
PLUS- Egytrans and Saudi-based Links Investments have launched Egytrans Arabia
Orascom Construction, Hassan Allam Construction, Elsewedy Electric’s Rowad near completion of USD 1 bn Tripoli Third Ring Road. PLUS: SIAC Construction, Al Amal Auto + Forthing, Ariston, Telecom Egypt + Cisco
The consortium will complete the project “very soon,” said Libyan Prime Minister Abdul Hamid Dbeibah
Hassan Allam Properties, Midar partner with Saudi’s Sumou for Cairo hotel and entertainment projects totalling USD 2 bn
The investment targets hospitality and leisure projects
Budget supermarket chain Kazyon is set to fully acquire Minya’s Upper Egypt for Concentrates. PLUS: Tanmiya Capital Ventures + Vital Pharma, Bel Egypt, Pickalbatros, Bolt, Akh Gold, Erada Microfinance
The acquisition will be financed via a capital increase of an unspecified size
BP completes drilling of two new wells at its Raven natural gas field. PLUS: Eni, Steigenberger + Marriot
The firm invested some USD 400 mn on the drilling operations
Medlog to begin infrastructure work on Tenth of Ramadan dry port project this month following final contract signing
Medlog first inked an agreement with the government to develop the new dry port in August 2023
Cheiron is looking into expanding local operations
Cheiron recently secured a USD 80 mn loan to fuel exploration operations
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