{"id":648873,"date":"2017-04-13T03:58:48","date_gmt":"2017-04-13T03:58:48","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/13\/secon-to-spend-egp-3-5-bn\/"},"modified":"2017-04-13T03:58:48","modified_gmt":"2017-04-13T03:58:48","slug":"secon-to-spend-egp-3-5-bn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/13\/secon-to-spend-egp-3-5-bn\/","title":{"rendered":"SECON to spend EGP 3.5 bn"},"content":{"rendered":"<p>The Saudi Egyptian Construction Company (SECON) plans to spend EGP 3.5 bn in 2017, SECON CEO Darwish Hassanein tells <a href=\"https:\/\/www.zawya.com\/mena\/en\/story\/EgyptSaudi_SECON_to_inject_193mln_on_projects_in_2017-ZAWYA20170412031757\/\">Amwal Al Ghad<\/a>. EGP 1.2 bn will be spent on the SECON Nile Towers project. He added that the company plans to complete development of homes in the project this year, and will finish work on the hotel in 2018, he added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Saudi Egyptian Construction Company (SECON) plans to spend EGP 3.5 bn in 2017, SECON CEO Darwish Hassanein tells Amwal Al Ghad. EGP 1.2 bn will be spent on the SECON Nile Towers project. He added that the company plans to complete development of homes in the project this year, and will finish work on [&hellip;]<\/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":[9304],"tags":[72,2402],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-648873","post","type-post","status-publish","format-standard","hentry","category-real-estate-housing","tag-enterpriseam","tag-real-estate-housing","wpautop","entry"],"acf":{"mongo_id":"db335392-c986-42f6-8769-351ab57704c7","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[648834],"teaser":"","voice_url":""},"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>SECON to spend EGP 3.5 bn - 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\/04\/13\/secon-to-spend-egp-3-5-bn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SECON to spend EGP 3.5 bn\" \/>\n<meta property=\"og:description\" content=\"The Saudi Egyptian Construction Company (SECON) plans to spend EGP 3.5 bn in 2017, SECON CEO Darwish Hassanein tells Amwal Al Ghad. EGP 1.2 bn will be spent on the SECON Nile Towers project. He added that the company plans to complete development of homes in the project this year, and will finish work on [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/13\/secon-to-spend-egp-3-5-bn\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-04-13T03:58:48+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\/04\/13\/secon-to-spend-egp-3-5-bn\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/13\/secon-to-spend-egp-3-5-bn\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"SECON to spend EGP 3.5 bn\",\"datePublished\":\"2017-04-13T03:58:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/13\/secon-to-spend-egp-3-5-bn\/\"},\"wordCount\":62,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Real Estate + Housing\"],\"articleSection\":[\"Real Estate + Housing\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/13\/secon-to-spend-egp-3-5-bn\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/13\/secon-to-spend-egp-3-5-bn\/\",\"name\":\"SECON to spend EGP 3.5 bn - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-04-13T03:58:48+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/13\/secon-to-spend-egp-3-5-bn\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/13\/secon-to-spend-egp-3-5-bn\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/13\/secon-to-spend-egp-3-5-bn\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"SECON to spend EGP 3.5 bn\"}]},{\"@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":"SECON to spend EGP 3.5 bn - 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\/2017\/04\/13\/secon-to-spend-egp-3-5-bn\/","og_locale":"en_US","og_type":"article","og_title":"SECON to spend EGP 3.5 bn","og_description":"The Saudi Egyptian Construction Company (SECON) plans to spend EGP 3.5 bn in 2017, SECON CEO Darwish Hassanein tells Amwal Al Ghad. EGP 1.2 bn will be spent on the SECON Nile Towers project. He added that the company plans to complete development of homes in the project this year, and will finish work on [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/13\/secon-to-spend-egp-3-5-bn\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2017-04-13T03:58:48+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/13\/secon-to-spend-egp-3-5-bn\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/13\/secon-to-spend-egp-3-5-bn\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"SECON to spend EGP 3.5 bn","datePublished":"2017-04-13T03:58:48+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/13\/secon-to-spend-egp-3-5-bn\/"},"wordCount":62,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["EnterpriseAM","Real Estate + Housing"],"articleSection":["Real Estate + Housing"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/13\/secon-to-spend-egp-3-5-bn\/","url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/13\/secon-to-spend-egp-3-5-bn\/","name":"SECON to spend EGP 3.5 bn - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2017-04-13T03:58:48+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/13\/secon-to-spend-egp-3-5-bn\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2017\/04\/13\/secon-to-spend-egp-3-5-bn\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/13\/secon-to-spend-egp-3-5-bn\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"SECON to spend EGP 3.5 bn"}]},{"@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":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":639238,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/24\/secon-investing-egp-4-bn-in-new-administrative-capital\/","url_meta":{"origin":648873,"position":0},"title":"SECON investing EGP 4 bn in new administrative capital","author":"enterpriseam admin","date":"24 October 2017","format":false,"excerpt":"The Saudi Egyptian Construction Company (SECON) plans to invest EGP 4 bn in new developments in the 70 feddan area it has purchased in the new administrative capital, said the company\u2019s CEO Darwish Hassanein, according to Ahram Gate. The company had signed its first design and consulting contracts for the\u2026","rel":"","context":"In &quot;Real Estate + Housing&quot;","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":639117,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/22\/secon-signs-interior-finishing-contracts-worth-egp-350-mn\/","url_meta":{"origin":648873,"position":1},"title":"SECON signs interior finishing contracts worth EGP 350 mn","author":"enterpriseam admin","date":"22 October 2017","format":false,"excerpt":"The Saudi Egyptian Construction Company (SECON) signed five contracts worth EGP 350 mn with local contractors for the interior finishings of 60 buildings at its New Cairo project Riyadh,CEO Darwish Hassanein told Al Borsa. SECON is planning on handing over 1,300 units from the project\u2019s first and second phases by\u2026","rel":"","context":"In &quot;Real Estate + Housing&quot;","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":595341,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/23\/nbe-to-arrange-joint-egp-1-bn-loan-for-secon\/","url_meta":{"origin":648873,"position":2},"title":"NBE to arrange joint EGP 1 bn loan for SECON","author":"enterpriseam admin","date":"23 September 2019","format":false,"excerpt":"The National Bank of Egypt (NBE) aims to arrange a EGP 1 bn joint loan for the Saudi Egyptian Company for Development (SECON), banking sources told Al Shorouk without naming the other parties involved. The company, formerly known as the Saudi Egyptian Construction Company, will use the loan to fund\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","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":647658,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/16\/secon-purchases-70-feddans-in-new-administrative-capital\/","url_meta":{"origin":648873,"position":3},"title":"SECON purchases 70 feddans in New Administrative Capital","author":"enterpriseam admin","date":"16 May 2017","format":false,"excerpt":"The Saudi Egyptian Construction Company (SECON) purchased 70 feddans in the New Administrative Capital, Al Ahram reports. SECON CEO Darwish Hassanein said the company will use the land to develop residential, commercial and office space.","rel":"","context":"In &quot;Real Estate + Housing&quot;","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":595095,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/16\/secon-to-invest-egp-5-bn-in-egypts-real-estate-over-coming-3-years\/","url_meta":{"origin":648873,"position":4},"title":"SECON to invest EGP 5 bn in Egypt\u2019s real estate over coming 3 years","author":"enterpriseam admin","date":"16 September 2019","format":false,"excerpt":"The Saudi Egyptian Company for Development (SECON), formerly known as the Saudi Egyptian Construction Company, aims to expand its investment in Egypt\u2019s real estate market to EGP 9 bn within three years, up from EGP 4 bn currently, CEO Mohamed El-Taher told Al Shorouk. The company, which aims to become\u2026","rel":"","context":"In &quot;Real Estate + Housing&quot;","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":593882,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/13\/saudi-egyptian-construction-co-signs-egp-1-bn-loan-agreement-with-nbe\/","url_meta":{"origin":648873,"position":5},"title":"Saudi Egyptian Construction Co signs EGP 1 bn loan agreement with NBE","author":"enterpriseam admin","date":"13 October 2019","format":false,"excerpt":"The Saudi Egyptian Construction Company (SECON) has signed a EGP 1 bn loan agreement with the National Bank of Egypt (NBE) to finance works at its SECON Nile Towers project, Secon CEO Mohamed Al Taher said. The company will use the loan to fund part of its EGP 3.5 bn\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/648873","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=648873"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/648873\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/648834"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=648873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=648873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=648873"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=648873"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=648873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}