{"id":649545,"date":"2017-03-02T04:12:40","date_gmt":"2017-03-02T04:12:40","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/02\/wadi-degla-acquires-mediterranean-contracting-company-delivers-10k-units\/"},"modified":"2017-03-02T04:12:40","modified_gmt":"2017-03-02T04:12:40","slug":"wadi-degla-acquires-mediterranean-contracting-company-delivers-10k-units","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/02\/wadi-degla-acquires-mediterranean-contracting-company-delivers-10k-units\/","title":{"rendered":"Wadi Degla acquires Mediterranean Contracting Company, delivers 10k units"},"content":{"rendered":"<p>Wadi Degla Developments acquired <a href=\"http:\/\/mcc-eg.com\/\">Mediterranean Contracting Company<\/a> Tuesday and is targeting the execution of EGP 14 bn worth of contracting agreements by Wadi Degla Holding contracting subsidiaries in the next seven years, Chairman and CEO Maged Helmy announced in a press conference yesterday. Helmy said the company\u2019s \u201cpresence near to the New Administrative Capital [with Neopolis project in Mostakbal City]\u201d makes it less probable that it will acquire large land plots there, but Wadi Degla still hopes \u201cto be part of a consortium of developers to take a large land plot.\u201d He added that the company only increased its prices by 10%, but that it awaits exchange rate stabilisation in order to adjust prices accordingly. \u201cIf we settle on EGP 15-16 to the USD, we will raise prices further,\u201d Helmy said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wadi Degla Developments acquired Mediterranean Contracting Company Tuesday and is targeting the execution of EGP 14 bn worth of contracting agreements by Wadi Degla Holding contracting subsidiaries in the next seven years, Chairman and CEO Maged Helmy announced in a press conference yesterday. Helmy said the company\u2019s \u201cpresence near to the New Administrative Capital [with [&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-649545","post","type-post","status-publish","format-standard","hentry","category-real-estate-housing","tag-enterpriseam","tag-real-estate-housing","wpautop","entry"],"acf":{"mongo_id":"23495740-942d-4616-b820-647e36c187ce","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[649512],"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>Wadi Degla acquires Mediterranean Contracting Company, delivers 10k units - 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\/03\/02\/wadi-degla-acquires-mediterranean-contracting-company-delivers-10k-units\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wadi Degla acquires Mediterranean Contracting Company, delivers 10k units\" \/>\n<meta property=\"og:description\" content=\"Wadi Degla Developments acquired Mediterranean Contracting Company Tuesday and is targeting the execution of EGP 14 bn worth of contracting agreements by Wadi Degla Holding contracting subsidiaries in the next seven years, Chairman and CEO Maged Helmy announced in a press conference yesterday. 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The compound will span 600k sqm, Helmy said, but did not clarify when the project is expected to be completed.\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":602495,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/28\/cib-aaib-to-arrange-egp-1-7-bn-for-wadi-degla-holdings\/","url_meta":{"origin":649545,"position":1},"title":"CIB, AAIB to arrange EGP 1.7 bn for Wadi Degla Holdings","author":"enterpriseam admin","date":"28 March 2019","format":false,"excerpt":"Wadi Degla Holdings has reached an agreement with CIB and the Arab African International Bank to arrange a EGP 1.7 bn loan to finance Wadi Degla\u2019s Neopolis residential project in New Cairo\u2019s Mostakbal City, CEO Maged Helmy told the domestic press. 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News of the merger was out earlier this month and it should be completed by year-end if approvals go through.","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":632888,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/21\/wadi-degla-re-launches-the-district-outdoor-mall\/","url_meta":{"origin":649545,"position":4},"title":"Wadi Degla re-launches The District outdoor mall","author":"enterpriseam admin","date":"21 February 2018","format":false,"excerpt":"Wadi Degla City for Urban Development re-launched its outdoor mall, The District, on Monday \u201cas an outdoor family hub,\u201d according to an emailed statement (pdf). The mall, which spans 200k sqm in the Sheraton area, includes a sporting club, gym, hypermarket, restaurants and food outlets, as well as clothing stores.","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":596312,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/wadi-degla-nature-and-local-cultures-festival-aims-to-boost-ecotourism\/","url_meta":{"origin":649545,"position":5},"title":"Wadi Degla Nature and Local Cultures Festival aims to boost ecotourism","author":"enterpriseam admin","date":"25 August 2019","format":false,"excerpt":"Local cultures festival to boost Egypt\u2019s ecotourism: The Environment Ministry organized last week the three-day Nature and Local Cultures Festival at the Wadi Degla protectorate to promote ecotourism by showcasing the diversity of Egypt\u2019s natural reserves, Xinhua reports. The festival\u2019s aim, according to the ministry\u2019s director of environmental development, was\u2026","rel":"","context":"In &quot;Image of the Day&quot;","block_context":{"text":"Image of the Day","link":"https:\/\/enterpriseam.com\/egypt\/category\/image-of-the-day\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/8\/261.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\/649545","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=649545"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/649545\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/649512"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=649545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=649545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=649545"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=649545"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=649545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}