{"id":657154,"date":"2024-12-16T00:00:00","date_gmt":"2024-12-16T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/16\/hill-international-will-reportedly-manage-giza-zoo-development\/"},"modified":"2024-12-16T00:00:00","modified_gmt":"2024-12-16T00:00:00","slug":"hill-international-will-reportedly-manage-giza-zoo-development","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/16\/hill-international-will-reportedly-manage-giza-zoo-development\/","title":{"rendered":"Hill International will reportedly manage Giza Zoo development"},"content":{"rendered":"

LEISURE-<\/p>\n

Hill International has been tapped to manage Giza Zoo development:<\/strong> Hadayieq, the firm leading the Giza Zoo revamp, has reportedly tapped US-based construction consultant Hill International<\/a> to manage the development of the Giza Zoo and the nearby Orman botanical garden, Shorouk News<\/a> reports, citing what it says are sources in the know. The consortium responsible for the revamp has so far secured EGP 800 mn for the EGP 1.4 bn project, which will transform the dated zone into an open-range, no-cage touristic attraction.<\/p>\n

(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

Want the details? <\/strong>We had spoken to Hadayieq Chairman Mohamed Kamel to learn more about the overhaul and the timeline for its completion in a HardHat<\/a> published late last year. <\/p>\n

PRIVATIZATION-<\/p>\n

Misr Aswan Fishing gears up for privatization: <\/strong>Some 14 public and private companies, including National Bank of Egypt and Arab Contractors, have reportedly authorized the Sovereign Fund of Egypt (SFE) to sell their stakes in Misr Aswan Fishing to<\/span> a strategic investor, <\/span>Shorouk News<\/a> reports, citing what it says are sources with knowledge of the matter. The SFE will likely target a local buyer.<\/span><\/p>\n

FINTECH-<\/p>\n

Beltone Leasing joins FCI: <\/strong>Beltone Holding subsidiary Beltone Leasing and Factoring has joined the Global Representative Body for Factoring and Financing of Open Account Domestic and International Trade Receivables FCI, according to a company press statement (<\/a>pdf<\/a>)<\/a>. Connecting over 400 global members from 90 countries, the FCI facilitates cross-border cooperation. Beltone\u2019s FCI membership will help it access tech platforms that will enhance its presence in international trade and supply chains.<\/p>\n

What they said:<\/strong> \u201c[The membership] strengthens our international expansion strategy by leveraging global expertise and the extensive network provided by the organization. Furthermore, the organization's statistics and market studies will provide us with deeper insights into industry trends and challenges, supporting our strategic plans to deliver superior financial solutions to our clients,\u201d Deputy Head of NBFIs for Leasing, Factoring, and Consumer Finance Amir Ghannam said. <\/p>\n

REAL ESTATE-<\/p>\n

Al Qalaa to redevelop Granada complex:<\/strong> Real estate developer Heliopolis Housing and Development (HHD) has chosen Al Qalaa for Asset Management to redevelop the historic Granada building in Heliopolis, according to an EGX disclosure (pdf)<\/a>. HHD will be entitled to 30% of the project\u2019s revenues in its first year and 40% of revenues in its second year. Al Qalaa\u2019s offer \u201cpreserves the heritage and historical value of the Granada Complex.\u201d<\/p>\n

Remember: <\/strong>The building was reopened following a EGP 47 mn redevelopment project<\/a> in the works since 2017. Al Qalaa can redevelop the building into areas suitable for cultural and tourism activities, exhibitions, and parties, as well as a high-level restaurant.<\/p>\n

RECYCLING-<\/p>\n

The country\u2019s first cardboard recycling plant: <\/strong>Global packaging solutions giant Tetra Pak and local cardboard manufacturer Uniboard have inaugurated a EUR 2.5 mn cardboard recycling plant \u2014 Egypt\u2019s first \u2014 in Sadat City, according to an Environment Ministry statement<\/a>. The plant should reach its maximum annual capacity of 8k tons of cardboard within five years.<\/p>\n

M&A-<\/p>\n

The details of CI Capital\u2019s exit from Taaleem:<\/strong> CI Capital earlier this week exited its strategic stake in higher education outfit Taaleem after a five-year investment period, achieving 4.5x return on equity and an internal rate of return of 50%, according to a company statement (pdf)<\/a>. CI Capital sold its stake in Taaleem in a EGP 956.6 mn transaction, according to EnterpriseAM calculations.<\/p>\n

REFRESHER-<\/strong> Palm Hills Development and El Tarek Automotive bought up CI Capital\u2019s entire<\/a>13.1% stake in Taaleem<\/a>, raising their ownership in the firm to 32.6% and 14% respectively. <\/p>\n

INVESTMENT-<\/p>\n

Local real estate developer <\/strong>Al Ashraaf Developments<\/a><\/strong> is looking to invest EGP 1.25 <\/strong>bn to set up 10 new gas stations<\/strong>, CEO Ahmed Massoud said<\/a> during a presser. The company has already built six stations worth some EGP 700 mn, with plans to set up four more in 1Q 2025 in Sheikh Zayed and New Obour cities.<\/p>\n","protected":false},"excerpt":{"rendered":"

Hill International has so far secured EGP 800 mn for the EGP 1.4 bn project<\/p>\n","protected":false},"author":1,"featured_media":657155,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7209],"tags":[111,7118,72,183,157,125,7128,81,83,451,370],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-657154","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-beltone-leasing-and-factoring","tag-enterpriseam","tag-fintech","tag-heliopolis-housing-and-development","tag-investment-watch","tag-ma-watch","tag-privatization-watch","tag-real-estate","tag-recycling","tag-sovereign-fund-of-egypt","wpautop","entry"],"acf":{"mongo_id":"b885dde8-8cbd-4530-9ceb-8787eb4f75f4","order":"15","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/12\/1426.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Hill International will reportedly manage Giza Zoo development","related_issue":[657128],"teaser":"Hill International has so far secured EGP 800 mn for the EGP 1.4 bn project","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.19a9960b-9a31-474c-923c-26740761d58b.mp3"},"yoast_head":"\nHill International will reportedly manage Giza Zoo development - 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The package includes a USD 90 mn subordinated loan and several lines of credit\u2026","rel":"","context":"In "DEBT WATCH"","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/12\/25.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":589752,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/09\/say-goodbye-to-the-giza-zoo-until-2025\/","url_meta":{"origin":657154,"position":2},"title":"Say goodbye to the Giza Zoo until 2025","author":"enterpriseam admin","date":"9 July 2023","format":false,"excerpt":"The zoo and Orman botanical garden are getting an EGP 1 bn facelift","rel":"","context":"In "LAST NIGHT\u2019S TALK SHOWS"","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/265.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":557757,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/30\/orascom-pyramids-signs-contract-for-pyramids-sound-and-light-show-revamp\/","url_meta":{"origin":657154,"position":3},"title":"Orascom Pyramids signs contract for pyramids sound and light show revamp","author":"enterpriseam admin","date":"30 September 2021","format":false,"excerpt":"Orascom Investment Holding (OIH) subsidiary Orascom Pyramids has signed an EGP 170 mn contract with Orascom Construction, which will see the latter carry out renovations and install infrastructure for the Giza pyramids sound and light show revamp, Hapi Journal reports. The company previously said it will invest EGP 200 mn\u2026","rel":"","context":"In "Also on our Radar"","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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":648949,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/18\/the-dilapidation-of-the-giza-zoo\/","url_meta":{"origin":657154,"position":4},"title":"The dilapidation of the Giza Zoo","author":"enterpriseam admin","date":"18 April 2017","format":false,"excerpt":"\u201cNothing less than a cruel shop of horror\u201d: The Giza Zoo, which once upon a time was considered one of the world\u2019s best, has been in a downward spiral of decay that has led to the death of many of its animals. An entry ticket for the zoo costs EGP\u2026","rel":"","context":"In "Worth watching"","block_context":{"text":"Worth watching","link":"https:\/\/enterpriseam.com\/egypt\/category\/lifestyle\/worth-watching\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2017\/4\/259.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":607906,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/11\/orascoms-giza-plateau-revamp-to-go-live-in-1q-2024-plus-news-from-vezeeta-tci-sanmar-and-the-house\/","url_meta":{"origin":657154,"position":5},"title":"Orascom\u2019s Giza plateau revamp to go live in 1Q 2024. 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