{"id":613340,"date":"2024-01-14T00:00:00","date_gmt":"2024-01-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/14\/tabreed-terminates-capitalmed-contract-over-fx-concerns\/"},"modified":"2024-01-14T00:00:00","modified_gmt":"2024-01-14T00:00:00","slug":"tabreed-terminates-capitalmed-contract-over-fx-concerns","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/14\/tabreed-terminates-capitalmed-contract-over-fx-concerns\/","title":{"rendered":"Tabreed terminates CapitalMed contract over FX concerns"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Tabdreed\u2019s CapitalMed plans go kaput on FX crisis: <\/strong>UAE-based district cooling firm <a target=\"_blank\" href=\"https:\/\/www.tabreed.ae\/ar\/\" style=\"\" rel=\"noopener\">Tabreed<\/a> has terminated its contract with <a target=\"_blank\" href=\"https:\/\/ehcs.com.eg\/\" style=\"\" rel=\"noopener\">Egyptians for<\/a><a target=\"_blank\" href=\"https:\/\/ehcs.com.eg\/\" style=\"\" rel=\"noopener\">Healthcare<\/a><a target=\"_blank\" href=\"https:\/\/ehcs.com.eg\/\" style=\"\" rel=\"noopener\">Services<\/a> (EHCS) for the latter\u2019s CapitalMed medical complex in Badr City as the FX crisis rendered the project \u201cfinancially unsustainable,\u201d CEO Khalid Al Marzooqi told <a target=\"_blank\" href=\"http:\/\/tinyurl.com\/5d9ne9tn\" style=\"\" rel=\"noopener\">Asharq Business<\/a>. While the investment costs were in USD, its return was pegged in EGP, he explained.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> Tabreed landed an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d789871f-dd38-4574-91fb-34f995f8dd7d\" style=\"\" rel=\"noopener\">EGP 1.6 bn contract<\/a> to design, build, and operate a heatingand cooling plant for CapitalMed back in September 2022 \u2014 a few months after it <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b5ad5b8c-53b3-4500-ae72-f9383cf01093\" style=\"\" rel=\"noopener\">entered the local market<\/a> with a contract to provide cooling services for Marakez\u2019s D5M shopping center in East Cairo.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How did EGP volatility impact the contract?<\/strong> Tabreed had asked EHCS to modify the watertariff rate set in the contract in response to the steeper-than-expected currency devaluation, but the latter declined the request, prompting the Emirati firm to withdraw from the project, Asharq reported, citing a source it says is in the know.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember: <\/strong>The EGP has shed almost half of its value against the greenback after a series ofdevaluations since March 2022. The central bank has kept the EGP exchange rate fixed at 30.96 to the USD since March 2023, but it currently trades on the parallel market at over 56 to the USD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Moving forward:<\/strong>While Tabreed\u2019s Chief Financial Officer Adel Al Wahedi said in July that thecompany was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1558642d-7601-4195-a551-3ad914112931\" style=\"\" rel=\"noopener\">\u201cslowing down\u201d plans<\/a> for additional investment in the country as it waits for a stable outlook on the EGP, Al Marzouqi told Asharq that Tabreed is \u201cstill committed to investing in the Egyptian market.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company says it remains committed to investing in the country<\/p>\n","protected":false},"author":1,"featured_media":613341,"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":[8293,2440,72,2234,125,896],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-613340","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-capitalmed","tag-egyptians-for-healthcare-services","tag-enterpriseam","tag-foreign-exchange","tag-investment-watch","tag-tabreed","wpautop","entry"],"acf":{"mongo_id":"7d0aa0a4-a8bb-44bf-af9b-b204c94a7641","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/1\/781.JPG","photo_position":"above","homepage_title":"","full_issue_title":"Tabreed terminates CapitalMed contract over FX concerns","related_issue":[613325],"teaser":"The company says it remains committed to investing in the country","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.00b435b1-fa52-4fab-b258-22e89bfa98ee.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>Tabreed terminates CapitalMed contract over FX concerns - 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\/2024\/01\/14\/tabreed-terminates-capitalmed-contract-over-fx-concerns\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tabreed terminates CapitalMed contract over FX concerns\" \/>\n<meta property=\"og:description\" content=\"The company says it remains committed to investing in the country\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2024\/01\/14\/tabreed-terminates-capitalmed-contract-over-fx-concerns\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-14T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/781.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\/2024\/01\/14\/tabreed-terminates-capitalmed-contract-over-fx-concerns\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/01\/14\/tabreed-terminates-capitalmed-contract-over-fx-concerns\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Tabreed terminates CapitalMed contract over FX concerns\",\"datePublished\":\"2024-01-14T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/01\/14\/tabreed-terminates-capitalmed-contract-over-fx-concerns\/\"},\"wordCount\":271,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/01\/14\/tabreed-terminates-capitalmed-contract-over-fx-concerns\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/781.JPG?fit=%2C&ssl=1\",\"keywords\":[\"CapitalMed\",\"Egyptians for Healthcare Services\",\"EnterpriseAM\",\"foreign exchange\",\"investment watch\",\"Tabreed\"],\"articleSection\":[\"Investment Watch\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/01\/14\/tabreed-terminates-capitalmed-contract-over-fx-concerns\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2024\/01\/14\/tabreed-terminates-capitalmed-contract-over-fx-concerns\/\",\"name\":\"Tabreed terminates CapitalMed contract over FX concerns - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/01\/14\/tabreed-terminates-capitalmed-contract-over-fx-concerns\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/01\/14\/tabreed-terminates-capitalmed-contract-over-fx-concerns\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/781.JPG?fit=%2C&ssl=1\",\"datePublished\":\"2024-01-14T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/01\/14\/tabreed-terminates-capitalmed-contract-over-fx-concerns\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2024\/01\/14\/tabreed-terminates-capitalmed-contract-over-fx-concerns\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/01\/14\/tabreed-terminates-capitalmed-contract-over-fx-concerns\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/781.JPG?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/781.JPG?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/01\/14\/tabreed-terminates-capitalmed-contract-over-fx-concerns\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Tabreed terminates CapitalMed contract over FX concerns\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Tabreed terminates CapitalMed contract over FX concerns - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/14\/tabreed-terminates-capitalmed-contract-over-fx-concerns\/","og_locale":"en_US","og_type":"article","og_title":"Tabreed terminates CapitalMed contract over FX concerns","og_description":"The company says it remains committed to investing in the country","og_url":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/14\/tabreed-terminates-capitalmed-contract-over-fx-concerns\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2024-01-14T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/781.JPG?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/14\/tabreed-terminates-capitalmed-contract-over-fx-concerns\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/14\/tabreed-terminates-capitalmed-contract-over-fx-concerns\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Tabreed terminates CapitalMed contract over FX concerns","datePublished":"2024-01-14T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/14\/tabreed-terminates-capitalmed-contract-over-fx-concerns\/"},"wordCount":271,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/14\/tabreed-terminates-capitalmed-contract-over-fx-concerns\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/781.JPG?fit=%2C&ssl=1","keywords":["CapitalMed","Egyptians for Healthcare Services","EnterpriseAM","foreign exchange","investment watch","Tabreed"],"articleSection":["Investment Watch"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/14\/tabreed-terminates-capitalmed-contract-over-fx-concerns\/","url":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/14\/tabreed-terminates-capitalmed-contract-over-fx-concerns\/","name":"Tabreed terminates CapitalMed contract over FX concerns - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/14\/tabreed-terminates-capitalmed-contract-over-fx-concerns\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/14\/tabreed-terminates-capitalmed-contract-over-fx-concerns\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/781.JPG?fit=%2C&ssl=1","datePublished":"2024-01-14T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/14\/tabreed-terminates-capitalmed-contract-over-fx-concerns\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2024\/01\/14\/tabreed-terminates-capitalmed-contract-over-fx-concerns\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/14\/tabreed-terminates-capitalmed-contract-over-fx-concerns\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/781.JPG?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/781.JPG?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/14\/tabreed-terminates-capitalmed-contract-over-fx-concerns\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Tabreed terminates CapitalMed contract over FX concerns"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/781.JPG?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/781.JPG?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/781.JPG?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":549400,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/15\/uaes-tabreed-makes-inroads-locally-with-egp-1-6-bn-capitalmed-contract\/","url_meta":{"origin":613340,"position":0},"title":"UAE\u2019s Tabreed makes inroads locally with EGP 1.6 bn CapitalMed contract","author":"enterpriseam admin","date":"15 September 2022","format":false,"excerpt":"The UAE\u2019s Tabreed lands EGP 1.6 bn CapitalMed contract: Dubai-listed district cooling firm Tabreed will design, build and operate a heating and cooling plant at the Badr city medical complex as part of an AED 306.4 mn (EGP 1.6 bn) contract signed with project developer Egyptians for Healthcare Services (EHCS),\u2026","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\/2022\/9\/235.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":613653,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/18\/local-leasing-firms-ink-sale-and-leaseback-agreement-with-ehcs-for-capitalmed-project\/","url_meta":{"origin":613340,"position":1},"title":"Local leasing firms ink sale and leaseback agreement with EHCS for CapitalMed project","author":"enterpriseam admin","date":"18 January 2024","format":false,"excerpt":"The funds will help EHCS fund its CapitalMed medical complex in Badr City","rel":"","context":"In &quot;FINANCIAL SERVICES&quot;","block_context":{"text":"FINANCIAL SERVICES","link":"https:\/\/enterpriseam.com\/egypt\/category\/financial-services\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1459.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":591016,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/30\/orascom-pyramids-to-double-investment-in-giza-plateau-redevelopment-plus-tabreed-halts-investment-amid-egp-uncertainty\/","url_meta":{"origin":613340,"position":2},"title":"Orascom Pyramids to double investment in Giza Plateau redevelopment. PLUS: Tabreed halts investment amid EGP uncertainty","author":"enterpriseam admin","date":"30 July 2023","format":false,"excerpt":"The company will invest a further EGP 500 mn in its project to redevelop the pyramids area","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1176.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":552580,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/14\/this-evening-expedition-gets-most-of-the-domty-shares-it-wanted-tabreed-is-investing-egp-1-6-bn-in-egypt-were-getting-egp-2-coins\/","url_meta":{"origin":613340,"position":3},"title":"THIS EVENING: Expedition gets most of the Domty shares it wanted + Tabreed is investing EGP 1.6 bn in Egypt + We\u2019re getting EGP 2 coins","author":"enterpriseam admin","date":"14 September 2022","format":false,"excerpt":"Good afternoon, friends. It\u2019s a busy Wednesday afternoon here in Omm El Donia, with a little bit of everything coming out of the news cycle.THE BIG STORIES TODAY #1- Expedition Investments gets almost all of its targeted shares in Domty: Shareholders in EGX-listed Domty have agreed to sell 93.2 mn\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":620160,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/16\/nuca-to-hand-out-plots-to-four-industrial-developers-within-days-plus-news-from-bluev-tmg-and-tabreed\/","url_meta":{"origin":613340,"position":4},"title":"NUCA to hand out plots to four industrial developers within days. PLUS: News from BluEV, TMG, and Tabreed","author":"enterpriseam admin","date":"16 May 2024","format":false,"excerpt":"NUCA will hand out a total of 4.6 mn-sqm plots in New 6 October City","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1275.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":573728,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/16\/huawei-to-set-up-technological-infrastructure-for-capitalmed-medical-park\/","url_meta":{"origin":613340,"position":5},"title":"Huawei to set up technological infrastructure for CapitalMed medical park","author":"enterpriseam admin","date":"16 August 2020","format":false,"excerpt":"Egyptians for Healthcare Services Company (EHSC) signed a cooperation protocol with Huawei that will see the Chinese company design and set up the technological infrastructure for EHSC\u2019s EGP 18 bn integrated medical park in Badr City, CapitalMed, according to Al Mal. Huawei will implement a smart system in the medical\u2026","rel":"","context":"In &quot;Infrastructure&quot;","block_context":{"text":"Infrastructure","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/infrastructure\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/613340","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=613340"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/613340\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/613325"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/613341"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=613340"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=613340"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=613340"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=613340"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=613340"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}