{"id":642933,"date":"2017-08-27T03:51:46","date_gmt":"2017-08-27T03:51:46","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/27\/al-hokair-group-to-invest-egp-3-bn-in-damietta-furniture-city\/"},"modified":"2017-08-27T03:51:46","modified_gmt":"2017-08-27T03:51:46","slug":"al-hokair-group-to-invest-egp-3-bn-in-damietta-furniture-city","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/27\/al-hokair-group-to-invest-egp-3-bn-in-damietta-furniture-city\/","title":{"rendered":"Al Hokair group to invest EGP 3 bn in Damietta Furniture City"},"content":{"rendered":"

<\/a> INVESTMENT WATCH- <\/strong>Saudi Arabia\u2019s Al Hokair Group plans to invest EGP 3 bn in various projects at the Damietta Furniture City, said Damietta Governor Ismail Taha, according to Al Masry Al Youm<\/a>. The company had signed an MoU on Wednesday which would see it run and operate the commercial hub of the furniture manufacturing complex, the newspaper reports<\/a>. The hub will include a four-star hotel, a shopping mall, a convention center, and a series of exhibitions and showrooms, said Taha.<\/p>\n","protected":false},"excerpt":{"rendered":"

INVESTMENT WATCH- Saudi Arabia\u2019s Al Hokair Group plans to invest EGP 3 bn in various projects at the Damietta Furniture City, said Damietta Governor Ismail Taha, according to Al Masry Al Youm. The company had signed an MoU on Wednesday which would see it run and operate the commercial hub of the furniture manufacturing complex, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-642933","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"35de44a6-ac78-458e-a282-7658143e0bfb","order":"0","is_powered_by":true,"section_story_id":"42686a2f-90d4-42b6-87fa-8075d095abd7","story_type":"1","photo_url":"","photo_position":"above","related_issue":[642925],"teaser":"","voice_url":""},"yoast_head":"\nAl Hokair group to invest EGP 3 bn in Damietta Furniture City - 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\/2017\/08\/27\/al-hokair-group-to-invest-egp-3-bn-in-damietta-furniture-city\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Al Hokair group to invest EGP 3 bn in Damietta Furniture City\" \/>\n<meta property=\"og:description\" content=\"INVESTMENT WATCH- Saudi Arabia\u2019s Al Hokair Group plans to invest EGP 3 bn in various projects at the Damietta Furniture City, said Damietta Governor Ismail Taha, according to Al Masry Al Youm. The company had signed an MoU on Wednesday which would see it run and operate the commercial hub of the furniture manufacturing complex, […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/27\/al-hokair-group-to-invest-egp-3-bn-in-damietta-furniture-city\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-08-27T03:51:46+00:00\" \/>\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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/27\/al-hokair-group-to-invest-egp-3-bn-in-damietta-furniture-city\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/27\/al-hokair-group-to-invest-egp-3-bn-in-damietta-furniture-city\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Al Hokair group to invest EGP 3 bn in Damietta Furniture City\",\"datePublished\":\"2017-08-27T03:51:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/27\/al-hokair-group-to-invest-egp-3-bn-in-damietta-furniture-city\/\"},\"wordCount\":91,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/27\/al-hokair-group-to-invest-egp-3-bn-in-damietta-furniture-city\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/27\/al-hokair-group-to-invest-egp-3-bn-in-damietta-furniture-city\/\",\"name\":\"Al Hokair group to invest EGP 3 bn in Damietta Furniture City - 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Saudi Prince Khaled Bin Alwaleed Bin Talal Al Saud expressed interest in investing in new projects in Sharm El Sheikh \u2014 partnering with companies to expand current projects, or helping financially struggling companies, according to an Investment Ministry statement. Al\u2026","rel":"","context":"In "Speed Round"","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":595729,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/05\/empc-expands-magic-land-agreement-with-al-hokair-group\/","url_meta":{"origin":642933,"position":1},"title":"EMPC expands Magic Land agreement with Al Hokair Group","author":"enterpriseam admin","date":"5 August 2019","format":false,"excerpt":"INVESTMENT WATCH- EMPC expands Al Hokair Group\u2019s rights in developing Magic Land: The Egyptian Media Production City\u2019s (EMPC) board approved expanding its agreement with Al Hokair Group to redevelop and manage Magic Land under a license, EMPC said in a bourse filing (pdf). Under the new contract, Al Hokair will\u2026","rel":"","context":"In "Speed Round"","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":572676,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/05\/damietta-furniture-withdraws-egp-1-bn-loan-installment\/","url_meta":{"origin":642933,"position":2},"title":"Damietta Furniture withdraws EGP 1 bn loan installment","author":"enterpriseam admin","date":"5 July 2020","format":false,"excerpt":"Damietta Furniture City has drawn down EGP 1 bn of its EGP 1.5 bn syndicated facility taken out from a consortium of local banks to finance working capital, Al Shorouk reports.","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":650362,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/22\/al-hokair-to-invest-egp-15-bn-over-the-next-three-years-to-expand-mall-of-arabia\/","url_meta":{"origin":642933,"position":3},"title":"Al Hokair to invest EGP 15 bn over the next three years to expand Mall of Arabia","author":"enterpriseam admin","date":"22 March 2017","format":false,"excerpt":"Saudi\u2019s Al Hokair Group is looking to invest around EGP 15 bn in Egypt over the next three years to expand the Mall of Arabia brand, says Ashraf Farid, chief business development officer of Marakez \u2014 Alhokair\u2019s subsidiary in Egypt. The expansion plans include building three new Mall(s) of Arabia\u2026","rel":"","context":"In "Speed Round"","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":605044,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/19\/damietta-furniture-city-military-production-ministry-to-build-egp-3-bn-mall\/","url_meta":{"origin":642933,"position":4},"title":"Damietta Furniture City, Military Production Ministry to build EGP 3 bn mall","author":"enterpriseam admin","date":"19 December 2018","format":false,"excerpt":"The Damietta Furniture City Company and a Military Production Ministry subsidiary will build a EGP 3 bn furniture mall in Damietta Furniture City, sources close to the matter said, according to Al Mal. The project will be funded through the ministry.","rel":"","context":"In "Other Business News of Note"","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":647388,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/09\/banque-misr-approves-egp-1-2-bn-loan-for-damietta-furniture-city-at-7-interest\/","url_meta":{"origin":642933,"position":5},"title":"Banque Misr approves EGP 1.2 bn loan for Damietta furniture city at 7% interest","author":"enterpriseam admin","date":"9 May 2017","format":false,"excerpt":"Banque Misr agreed to extend a EGP 1.2 bn facility to Damietta furniture city at an exceptional 7% interest rate, bank Chairman Mohamed El Etreby said on Monday, Al Borsa reports. Direct project financing will carry a 5% interest, El Etreby adds. 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