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ACUD’s assets have tripled in value post float. PLUS: News from NBE, ITIDA, Al Ahly Momkn, IFC, Capricorn Energy
Three industrial developers have so far submitted offers for 1 mn sqm plots each in phase 2 of the new…
A ton of real estate news from ACUD, Talaat Moustafa, Heliopolis Housing
ACUD has landed five new partnerships worth EGP 180-200 bn in 2024.
British private school Wycombe Abbey is setting up shop in the new capital
The school will be Wycombe Abbey’s first overseas expansion outside East Asia
Egypt transfers ownership of gov’t HQs to the Sovereign Fund of Egypt
The move is part of a wider plan to revamp Downtown Cairo
Chevron to start Nargis gas production in 2025. PLUS: Redcon + Compass, PaySky has big plans, New Administrative Capital construction
Chevron wants to ramp up production to 1 bn cf within two years
Gov’t set to double the size of the new administrative capital
The desert city to the east of Cairo is now home to 100k finished housing units
New Capital to break ground on second phase by 3Q 2024 at the latest
ACUD plans to IPO in 2Q 2024
ACUD could raise more than EGP 150 bn from its planned EGX IPO
The ACUD is also mulling a dual listing
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