{"id":606941,"date":"2023-09-24T00:00:00","date_gmt":"2023-09-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/24\/this-evening-we-now-know-the-gulf-firms-that-will-be-redeveloping-the-ndps-former-headquarters\/"},"modified":"2023-09-24T00:00:00","modified_gmt":"2023-09-24T00:00:00","slug":"this-evening-we-now-know-the-gulf-firms-that-will-be-redeveloping-the-ndps-former-headquarters","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/24\/this-evening-we-now-know-the-gulf-firms-that-will-be-redeveloping-the-ndps-former-headquarters\/","title":{"rendered":"THIS EVENING: We now know the Gulf firms that will be redeveloping the NDP\u2019s former headquarters"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Good afternoon, friends, and a very happy Sunday. <\/strong> We have a reasonably brisk start to the week here in Omm El Donia as we wrap up the last few days of the month \u2014 and the quarter.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> THE BIG STORY TODAY <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong> Meet the Gulf firms helping to redevelop the former NDP HQ: <\/strong>A consortium of <a target=\"_blank\" href=\"https:\/\/se-developers.com\/sed\/\" style=\"\" rel=\"noopener\">Saudi Egyptian Developers (SED)<\/a> and the UAE\u2019s <a target=\"_blank\" href=\"https:\/\/www.asgcgroup.com\/\" style=\"\" rel=\"noopener\">Al Shafar General Contracting (ASGC) Group<\/a> is set to join the company established to redevelop the former National Democratic Party (NDP) headquarters in central Cairo, <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/2rv96jj2\" style=\"\" rel=\"noopener\">Asharq Business<\/a> reports, citing three sources it says are in the know.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> THE BIG STORY ABROAD <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> There is no unifying theme or story in the international press this afternoon<\/strong>, but one story getting traction is Armenians from the Nagorno-Karabakh region are on their way to Armenia:The area that is located in Azerbaijan has been one of dispute since the Soviet era and more recently it has seen the population face a defeat at the hands of the Azerbaijanis, leading 120k Armenians in the region to leave out of fear of ethnic cleansing. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/armenia-calls-un-mission-monitor-rights-nagorno-karabakh-2023-09-24\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2023\/09\/24\/ethnic-armenians-will-leave-nagorno-karabakh-adviser-to-their-leader-.html\" style=\"\" rel=\"noopener\">CNBC<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> ALSO WORTH YOUR TIME- Why are private equity firms taking their hands out of the mega buyout bucket and <\/strong><strong> looking at private credit? <\/strong> The <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/84409cde-1197-49c9-bf88-dbe371e44313\" style=\"\" rel=\"noopener\">Financial Times<\/a> dives into how the global monetary tightening cycle has accelerated that shift, and how economists view the outlook.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> ** CATCH UP QUICK <\/strong> on the top stories from today\u2019s <strong> EnterpriseAM<\/strong>:<\/p>\n<ul>\n<li><strong> The Central Bank of Egypt (CBE) <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/dd8f3352-c9f5-427e-a7f8-6e36242c1043\" style=\"\" rel=\"noopener\">kept interest rates unchanged<\/a><\/strong>on Thursday.<\/li>\n<li><strong> We\u2019re looking for more funding from the UAE to fund wheat imports: <\/strong> Egypt <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e5a7202e-a9e1-4837-85eb-15b1f118cb08\" style=\"\" rel=\"noopener\">is in talks<\/a> with an unnamed Emirati bank to finance wheat purchases from Kazakhstan.<\/li>\n<li><strong> We <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d6459246-e267-4100-8f16-9fbcf01109ba\" style=\"\" rel=\"noopener\">sat down with<\/a><\/strong><strong> Vice Minister of Finance Ahmed Kouchouk <\/strong><strong> to talk about the Asian International Infrastructure Bank (AIIB)<\/strong>, its role in promoting investment, and the importance of engaging with the private sector.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"web-image-inner\"><img data-recalc-dims=\"1\" decoding=\"async\" style=\"display: block\" src=\"https:\/\/i0.wp.com\/enterprise.press\/wp-content\/uploads\/2022\/03\/Inside-Industry-en-WEB-1600x584-v5-03-1.jpg\" alt=\"enterprise\"><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> *** It\u2019s Inside Industry day \u2014 <\/strong><strong> your weekly briefing of all things industrial in Egypt. <\/strong> Inside Industry focuses each Sunday on what it takes to turn Egypt into a manufacturing and export powerhouse, ranging from initial investment and planning to product distribution, through to land allocation to industrial processes, supply chain management, labor, automation and technology, inputs and exports, regulation and policy.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> In today\u2019s issue: <\/strong> Over the past five years \u2014 since Sico Technology brought the first locally-made smartphone to the market \u2014 Egypt\u2019s local smartphone production landscape has seen an uptick in activity. Today, we get a lay of the land of what\u2019s been happening in the past several years. <\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n  <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>\n <\/div>\n<\/p><\/div>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> \u2600\ufe0f <\/strong><strong> TOMORROW\u2019S WEATHER- <\/strong>Expect a high of 36\u00b0C during the daytime and a drop to 26\u00b0C in the evening, our favorite weather app tells us. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good afternoon, friends, and a very happy Sunday. We have a reasonably brisk start to the week here in Omm El Donia as we wrap up the last few days of the month \u2014 and the quarter. THE BIG STORY TODAY Meet the Gulf firms helping to redevelop the former NDP HQ: A consortium of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":606942,"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":[7213],"tags":[633,587,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-606941","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-tonight","tag-enterprisepm","tag-state-privatization-program","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"d4d6e079-66e2-48e8-87a9-abe426a498a1","order":"0","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2021\/9\/3628.jpg","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[606939],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/9\/.0a842efd-2f48-41f3-96ce-b4d70e49d2fa.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>THIS EVENING: We now know the Gulf firms that will be redeveloping the NDP\u2019s former headquarters - 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\/2023\/09\/24\/this-evening-we-now-know-the-gulf-firms-that-will-be-redeveloping-the-ndps-former-headquarters\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS EVENING: We now know the Gulf firms that will be redeveloping the NDP\u2019s former headquarters\" \/>\n<meta property=\"og:description\" content=\"Good afternoon, friends, and a very happy Sunday. 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site\u2019s ownership to two companies connected to the sovereign fund and undisclosed Gulf investors","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1445.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":640413,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/26\/emirati-saudi-consortium-pulls-out-of-ndp-hq-redevelopment-project-amid-rising-costs\/","url_meta":{"origin":606941,"position":1},"title":"Emirati-Saudi consortium pulls out of NDP HQ redevelopment project amid rising costs","author":"enterpriseam admin","date":"26 August 2024","format":false,"excerpt":"The EGP float pushed up raw material and energy costs","rel":"","context":"In &quot;Real estate&quot;","block_context":{"text":"Real 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It\u2019s shaping up to be another calm news day as we enjoy one of the last days before summer comes to an end and the academic year kicks off. THE BIG STORY TODAY- Fourth review incoming: Representatives from the IMF should land in town early October to\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","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\/2024\/2\/94.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":575675,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/22\/shamara-holding-eyes-partnership-with-sfe-to-develop-former-ndp-hq-land\/","url_meta":{"origin":606941,"position":3},"title":"Shamara Holding eyes partnership with SFE to develop former NDP HQ land","author":"enterpriseam admin","date":"22 October 2020","format":false,"excerpt":"Iraq\u2019s Shamara wants to get in the redevelopment of the former NDP headquarters with the SFE: Iraqi conglomerate Shamara Holding is interested in working with the Sovereign Fund of Egypt (SFE) to develop the land where the headquarters of the dissolved National Democratic Party used to stand, Al Mal reports,\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":676136,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/11\/24\/qatari-egyptian-consortium-close-to-securing-former-ndp-headquarters-redevelopment-project\/","url_meta":{"origin":606941,"position":4},"title":"Qatari-Egyptian consortium close to securing former NDP headquarters redevelopment project","author":"enterpriseam admin","date":"24 November 2025","format":false,"excerpt":"Good afternoon, friends. 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