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Real estate developers are pushing forward with projects despite cost constraints
Buyers are increasingly moving to buy real estate assets to hedge against currency fluctuations
ADIB Egypt receives license to set up microlender. PLUS: OPay wants a digital banking license, tenders for infrastructure and industrial projects
The lender wants to open 200 branches across the country
Orascom Pyramids to double investment in Giza Plateau redevelopment. PLUS: Tabreed halts investment amid EGP uncertainty
The company will invest a further EGP 500 mn in its project to redevelop the pyramids area
How EGX-listed infrastructure players performed in 1Q 2023
With the help of a changing FX rate, traditional infrastructure players had a solid showing in 1Q 2023
MEDCOM signs EGP 1 bn MoU to develop infrastructure at Madinet Masr’s Taj City. PLUS: New mining exploration tender, Shanghai Shengda
The contractor will develop the water system, lighting, road networks and utilities in several areas of the development
Egypt, Greece explore ways to fund the GREGY interconnector
Three financing options are on the table, an Electricity Ministry source told us
ACWA Power receives land in Sohag for 10-GW mega wind farm
Sohag could be home to 25 GW of wind generation capacity if all three planned wind farms get built; Egypt…
EIB could provide USD 300 mn for new rail line. PLUS: Madinet Masr acquires Minka, Tenth of Ramadan dry port, green methanol, new freezones incoming
The EBRD has provided EUR 40 mn to help fund the line, which will be used for freight and passenger…
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