{"id":557498,"date":"2021-09-21T04:00:14","date_gmt":"2021-09-21T04:00:14","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/21\/bidayat-sfe-partner-on-innovation-zone-in-islamic-cairo\/"},"modified":"2021-09-21T04:00:14","modified_gmt":"2021-09-21T04:00:14","slug":"bidayat-sfe-partner-on-innovation-zone-in-islamic-cairo","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/21\/bidayat-sfe-partner-on-innovation-zone-in-islamic-cairo\/","title":{"rendered":"Bidayat, SFE partner on innovation zone in Islamic Cairo"},"content":{"rendered":"

<\/a> Islamic Cairo could host the region\u2019s first \u201cinnovation zone\u201d?<\/strong> Rachid Mohmaed Rachid\u2019s Bidayat will study the possibility of developing the historic Bab Al Azab area in the vicinity of the Cairo Citadel into an innovation zone that will support SMEs in the fields of architecture, furniture, jewelry, and other design, under the terms of an MoU signed with the Sovereign Fund of Egypt, Rachid told Bloomberg Alsharq<\/a>.<\/p>\n

What\u2019s an \u201cinnovation zone,\u201d exactly?<\/strong> Bidayat\u2019s development of the area would work on three pillars: education, providing workspaces, and investing in small projects, Rachid said. The project aims to give craftsmen in the area the necessary know-how to upgrade their products to a standard where they can compete in export markets, according to a Planning Ministry statement<\/a>. The ministry will also work in tandem to restore the historic buildings in the area.<\/p>\n

What next? <\/strong>The two partners will now prepare a development plan and carry out feasibility studies, which will then be presented to the Supreme Council of Antiquities, under whose purview the area falls. Planning Minister Hala El Said noted the importance of public-private partnerships, saying that the SFE would seek to carry out further partnerships with the private sector in future.<\/p>\n

Before Bidayat\u2026<\/strong> Samih Sawiris was initially in talks with the SFE to invest EGP 2 bn<\/a> to redevelop the site, but talks reportedly broke down last year<\/a> for unknown reasons.<\/p>\n

Bidayat invests in creative brands in the Mediterranean region <\/strong>and is a sub-fund of the Swiss-based Alsara Investment Group. It recently acquired an undisclosed stake<\/a> in homegrown designer handbag brand Okhtein.<\/p>\n

Egypt has focused on developing industry and craft-specific zones in past years<\/strong>, establishing the Robeki leather city<\/a> to increase Egypt\u2019s leather exports.<\/p>\n

Advisors:<\/strong> Alliance Law Firm provided counsel to Bidayat.<\/p>\n","protected":false},"excerpt":{"rendered":"

Islamic Cairo could host the region\u2019s first \u201cinnovation zone\u201d? Rachid Mohmaed Rachid\u2019s Bidayat will study the possibility of developing the historic Bab Al Azab area in the vicinity of the Cairo Citadel into an innovation zone that will support SMEs in the fields of architecture, furniture, jewelry, and other design, under the terms of an […]<\/p>\n","protected":false},"author":1,"featured_media":557499,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7272],"tags":[2717,72,727,125,3467],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-557498","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-bidayat","tag-enterpriseam","tag-hala-el-said","tag-investment-watch","tag-rachid-mohamed-rachid","wpautop","entry"],"acf":{"mongo_id":"ff8bcf92-8aa5-4124-ac46-f3936cda862e","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/9\/289.jpg","photo_position":"above","related_issue":[557490],"teaser":"","voice_url":""},"yoast_head":"\nBidayat, SFE partner on innovation zone in Islamic Cairo - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/21\/bidayat-sfe-partner-on-innovation-zone-in-islamic-cairo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bidayat, SFE partner on innovation zone in Islamic Cairo\" \/>\n<meta property=\"og:description\" content=\"Islamic Cairo could host the region\u2019s first \u201cinnovation zone\u201d? Rachid Mohmaed Rachid\u2019s Bidayat will study the possibility of developing the historic Bab Al Azab area in the vicinity of the Cairo Citadel into an innovation zone that will support SMEs in the fields of architecture, furniture, jewelry, and other design, under the terms of an […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/21\/bidayat-sfe-partner-on-innovation-zone-in-islamic-cairo\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-21T04:00:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/289.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/21\/bidayat-sfe-partner-on-innovation-zone-in-islamic-cairo\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/21\/bidayat-sfe-partner-on-innovation-zone-in-islamic-cairo\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Bidayat, SFE partner on innovation zone in Islamic Cairo\",\"datePublished\":\"2021-09-21T04:00:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/21\/bidayat-sfe-partner-on-innovation-zone-in-islamic-cairo\/\"},\"wordCount\":304,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/21\/bidayat-sfe-partner-on-innovation-zone-in-islamic-cairo\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/289.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Bidayat\",\"EnterpriseAM\",\"Hala El Said\",\"investment watch\",\"Rachid Mohamed Rachid\"],\"articleSection\":[\"Investment Watch\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/21\/bidayat-sfe-partner-on-innovation-zone-in-islamic-cairo\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/21\/bidayat-sfe-partner-on-innovation-zone-in-islamic-cairo\/\",\"name\":\"Bidayat, SFE partner on innovation zone in Islamic Cairo - 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The family-run bag designer will use Bidayat\u2019s fashion industry know-how to boost its product design, merchandising, and supply-chain management as it\u2026","rel":"","context":"In "SPEED ROUND: M&A WATCH"","block_context":{"text":"SPEED ROUND: M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/466.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577058,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/08\/fund-run-by-rachid-mohamed-rachid-acquires-minority-stake-in-azza-fahmy\/","url_meta":{"origin":557498,"position":1},"title":"Fund run by Rachid Mohamed Rachid acquires minority stake in Azza Fahmy","author":"enterpriseam admin","date":"8 November 2022","format":false,"excerpt":"Bidayat invests in Azza Fahmy Jewelry: Mediterranean-focused investment fund Bidayat has acquired an undisclosed minority stake in artisanal jewelry company Azza Fahmy, fashion magazine Women's Wear Daily reports.There are few details on the financial side: Azza Fahmy CEO Fatma Ghaly remained tightlipped on the financial terms of the transaction, saying\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/125.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":558027,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/20\/tonight-five-state-companies-could-soon-offer-stakes-on-the-egx-rachid-mohmaed-rachids-bidayat-could-turn-bab-el-azab-into-an-innovative-zone\/","url_meta":{"origin":557498,"position":2},"title":"TONIGHT: Five state companies could soon offer stakes on the EGX + Rachid Mohmaed Rachid\u2019s Bidayat could turn Bab El Azab into an innovative zone","author":"enterpriseam admin","date":"20 September 2021","format":false,"excerpt":"Enterprise turns seven this week, ladies and gentlemen. We wouldn\u2019t have gotten this far without you, dear reader. THE BIG STORIES TODAY- #1- Will five state companies offer stakes on the EGX in FY2021-2022? Finance Minister Mohamed Maait told CNBC Arabia that around five companies could be offering a portion\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":636922,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/05\/world-youth-forum-tops-talking-heads-agenda\/","url_meta":{"origin":557498,"position":3},"title":"World Youth Forum tops talking heads\u2019 agenda","author":"enterpriseam admin","date":"5 November 2017","format":false,"excerpt":"On a relatively uneventful evening on the airwaves, the nation\u2019s talking heads were most preoccupied with the World Youth Forum that kicks off in Sharm El Sheikh today.Masaa DMC\u2019s Eman El Hosary, who was reporting live from Sharm, talked to South Sinai governor Khaled Fouda about the month-long preparations ahead\u2026","rel":"","context":"In "Enterprise+: Last Night\u2019s Talk Shows"","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":606583,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/18\/thieves-run-off-with-50-balmain-pieces-in-central-paris-egypt-inaugurates-re-opening-of-the-oldest-ottoman-mosque-after-restoration\/","url_meta":{"origin":557498,"position":4},"title":"Thieves run off with 50 Balmain pieces in central Paris + Egypt inaugurates re-opening of the oldest Ottoman mosque after restoration","author":"enterpriseam admin","date":"18 September 2023","format":false,"excerpt":"The design team in Balmain are working to recreate the stolen items","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1146.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":618305,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/07\/el-sisi-reiterates-economic-promises-for-his-third-term\/","url_meta":{"origin":557498,"position":5},"title":"El Sisi reiterates economic promises for his third term","author":"enterpriseam admin","date":"7 April 2024","format":false,"excerpt":"El Sisi also highlighted his plan to continue the \u201cstate of openness\u201d brought about by the national dialogue","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/673.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/557498","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=557498"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/557498\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/557490"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/557499"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=557498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=557498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=557498"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=557498"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=557498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}