{"id":660258,"date":"2025-02-09T00:00:00","date_gmt":"2025-02-09T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/09\/hassan-allam-holding-subsidiary-to-develop-14-1k-feddans-as-part-of-govt-reclamation-project\/"},"modified":"2025-02-09T00:00:00","modified_gmt":"2025-02-09T00:00:00","slug":"hassan-allam-holding-subsidiary-to-develop-14-1k-feddans-as-part-of-govt-reclamation-project","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/09\/hassan-allam-holding-subsidiary-to-develop-14-1k-feddans-as-part-of-govt-reclamation-project\/","title":{"rendered":"Hassan Allam Holding subsidiary to develop 14.1k feddans as part of gov\u2019t reclamation project"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good afternoon all you wonderful people, and welcome back to the workweek.<\/strong> We have another busy issue for you today, so without any further ado, let\u2019s get into it.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY TODAY<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>ECDC<\/strong> <strong>inks agreement with <\/strong><strong>Hassan Allam Holding for a 14.1k-feddan agricultural <\/strong><strong>project:<\/strong> State-owned Egyptian Countryside Development Company (ECDC) has inked an investment contract with Hassan Allam Holding that will see the company\u2019s newly launched Jinet Agriculture subsidiary develop an integrated agricultural development project on 14.1k feddans in western Minya, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/share\/p\/19dZqQMUFU\/\" style=\"\" rel=\"noopener\">statement<\/a> from ECDC.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> The project will see a variety of crops cultivated to meet local market and export demand, with the project coming as part of the ECDC-run <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/180c59b8-cfbf-419d-bf90-1b4a543c786d\/enara-energy-to-supply-renewable-energy-to-1.5-mn-feddans-project\" style=\"\" rel=\"noopener\">1.5 mn feddan reclamation and development initiative<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY ABROAD<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The international front pages are a mixed bag this afternoon, <\/strong>with news that Israeli forces have <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/hamas-says-israeli-military-withdraws-gazas-netzarim-corridor-2025-02-09\/\" style=\"\" rel=\"noopener\">withdrawn from the Netzarim corridor<\/a> \u2014 an area bisecting the Gaza Strip that has been occupied by Israeli forces since the beginning of the Israeli war on Gaza \u2014 and the <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/new-look-middle-east-had-started-draw-investors-then-came-trump-2025-02-09\/\" style=\"\" rel=\"noopener\">potential return<\/a> of international investors to the MENA region among the headlines vying for top billing this afternoon. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over in the US, news that a federal judge has <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/legal\/us-judge-temporarily-blocks-musks-doge-accessing-payment-systems-2025-02-08\/\" style=\"\" rel=\"noopener\">temporarily blocked<\/a><\/strong><strong> Elon Musk\u2019s <\/strong><strong>government efficiency outfit from accessing sensitive US Treasury Department payments information<\/strong> <strong>has continued to make waves<\/strong>, with political appointees in US president Donald Trump\u2019s administration, special government employees, and employees of US government agencies detailed to Treasury no longer able to access sensitive Treasury data. The temporary ban will be in place until 14 February, when the matter comes up before another US federal judge.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM:<\/strong><\/p>\n<ul>\n<li><strong>The fate of USAID employees in Egypt: <\/strong>The US Agency for International Development (USAID) has placed its foreign employees in Egypt on <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3030a7c3-78be-4347-a32c-88d210abf916\/usaid%e2%80%99s-pullback-from-egypt-puts-employees-and-programs-at-risk\" style=\"\" rel=\"noopener\">indefinite leave<\/a> \u2014 placing many in limbo as the fate of the agency remains in the balance.<\/li>\n<li><strong>FinMin looks to cushion the blow of the FX crunch on firms\u2019 pre-float earnings:<\/strong> The Finance Ministry is considering issuing a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f49e0dc3-24f6-47f3-a62a-17b2fcadfee9\/egypt%e2%80%99s-finance-ministry-to-issue-bookkeeping-scheme-to-account-for-fx-price-difference-prior-to-the-egp-float\" style=\"\" rel=\"noopener\">bookkeeping scheme<\/a> to account for the FX rate difference between the official and parallel markets for profit earned before the Central Bank of Egypt <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ac569e2c-c6f2-480e-bdaa-3f1cd4f81d05\/what-got-us-there:-a-float-of-the-egp-and-a-600-bps%253cmark%253e-rate%253c%2Fmark%253e-hike\" style=\"\" rel=\"noopener\">liberalized<\/a> the exchange rate in March 2024, with the ministry currently preparing tax budgets for the upcoming corporate tax filing season ending on 30 April.<\/li>\n<li><strong>Shipping goliath Maersk doesn\u2019t see Suez Canal traffic picking up before the <\/strong><strong>middle of the year<\/strong>, with the world\u2019s second-largest shipping line seeing the canal as only likely to welcome back vessels in a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a42054dd-a90f-497f-a8a7-a55dd6908875\/maersk-doesn%e2%80%99t-see-red-sea-traffic-picking-up-before-mid-2025https:\/\/enterprise.news\/egypt\/en\/news\/story\/a42054dd-a90f-497f-a8a7-a55dd6908875\/maersk-doesn%e2%80%99t-see-red-sea-traffic-picking-up-before-mid-2025\" style=\"\" rel=\"noopener\">major way<\/a> by the end of the year.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"web-image-inner\"><img data-recalc-dims=\"1\" decoding=\"async\" style=\"display: block\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/348.jpg?ssl=1\" alt=\"enterprise\"><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>*** It\u2019s Inside Industry day \u2014 your weekly briefing of all things industrial in Egypt.<\/strong> Inside Industry focuses each Sunday on what it takes to turn Egypt into a manufacturing and export powerhouse, ranging from initial investment and planning to product distribution, through to land allocation to industrial processes, supply chain management, labor, automation and technology, inputs and exports, regulation and policy.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In today\u2019s issue:<\/strong> We take a look at what\u2019s next for Egypt\u2019s auto industry with Fitch Solutions\u2019 research unit BMI\u2019s latest report on Egypt\u2019s incipient auto sector recovery.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\u2600\ufe0f <strong>TOMORROW\u2019S WEATHER-<\/strong> Temperatures have fallen to a chillier low this week with tomorrow\u2019s mercury rising to a mere 19\u00b0C in the morning before dropping to 12\u00b0C in the evening, according to our favorite weather app.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good afternoon all you wonderful people, and welcome back to the workweek. We have another busy issue for you today, so without any further ado, let\u2019s get into it. THE BIG STORY TODAY ECDC inks agreement with Hassan Allam Holding for a 14.1k-feddan agricultural project: State-owned Egyptian Countryside Development Company (ECDC) has inked an investment [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":660259,"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":[7213],"tags":[633,890,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-660258","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-tonight","tag-enterprisepm","tag-hassan-allam-holding","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"a5f6cd40-ea78-4bda-94a6-c3d94857f71f","order":"1","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2025\/2\/756.jpg","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[660256],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.1288e38f-40f3-410a-83a2-7717f5451cd6.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>Hassan Allam Holding subsidiary to develop 14.1k feddans as part of gov\u2019t reclamation project - 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\/2025\/02\/09\/hassan-allam-holding-subsidiary-to-develop-14-1k-feddans-as-part-of-govt-reclamation-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hassan Allam Holding subsidiary to develop 14.1k feddans as part of gov\u2019t reclamation project\" \/>\n<meta property=\"og:description\" content=\"Good afternoon all you wonderful people, and welcome back to the workweek. We have another busy issue for you today, so without any further ado, let\u2019s get into it. THE BIG STORY TODAY ECDC inks agreement with Hassan Allam Holding for a 14.1k-feddan agricultural project: State-owned Egyptian Countryside Development Company (ECDC) has inked an investment [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/09\/hassan-allam-holding-subsidiary-to-develop-14-1k-feddans-as-part-of-govt-reclamation-project\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-09T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/756.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=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/09\/hassan-allam-holding-subsidiary-to-develop-14-1k-feddans-as-part-of-govt-reclamation-project\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/09\/hassan-allam-holding-subsidiary-to-develop-14-1k-feddans-as-part-of-govt-reclamation-project\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Hassan Allam Holding subsidiary to develop 14.1k feddans as part of gov\u2019t reclamation project\",\"datePublished\":\"2025-02-09T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/09\/hassan-allam-holding-subsidiary-to-develop-14-1k-feddans-as-part-of-govt-reclamation-project\/\"},\"wordCount\":601,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/09\/hassan-allam-holding-subsidiary-to-develop-14-1k-feddans-as-part-of-govt-reclamation-project\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/756.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterprisePM\",\"Hassan Allam Holding\",\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"articleSection\":[\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/09\/hassan-allam-holding-subsidiary-to-develop-14-1k-feddans-as-part-of-govt-reclamation-project\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/09\/hassan-allam-holding-subsidiary-to-develop-14-1k-feddans-as-part-of-govt-reclamation-project\/\",\"name\":\"Hassan Allam Holding subsidiary to develop 14.1k feddans as part of gov\u2019t reclamation project - 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We have another busy issue for you today, so without any further ado, let\u2019s get into it. 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We have a busy issue for you today, with January\u2019s inflation reading, the health effects of early sugar exposure, and a grab-bag of Valentines Day events on the docket for today.THE BIG STORY TODAY Inflation dips slightly to 24.0% y-o-y in\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\/2025\/2\/885.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":545638,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/06\/hassan-allam-properties-takes-out-egp-1-8-bn-loan-for-west-cairo-development\/","url_meta":{"origin":660258,"position":2},"title":"Hassan Allam Properties takes out EGP 1.8 bn loan for West Cairo development","author":"enterpriseam admin","date":"6 April 2022","format":false,"excerpt":"A Hassan Allam Properties subsidiary has secured EGP 1.8 bn in financing from the National Bank of Egypt (NBE) and AAIB to finance its residential project Swan Lake West in Sixth of October, according to a statement (pdf).The project: The financing is set to accelerate construction at Swan Lake West,\u2026","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/142.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":662198,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/12\/another-hassan-allam-subsidiary-secures-neom-contract\/","url_meta":{"origin":660258,"position":3},"title":"Another Hassan Allam subsidiary secures Neom contract","author":"enterpriseam admin","date":"12 March 2025","format":false,"excerpt":"PLUS- Finance in Motion plans to invest USD 100 mn in Egypt this year","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\/2025\/3\/887.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":548972,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/29\/hassan-allam-lands-another-toshka-contract-more-wheat-courtesy-of-romania\/","url_meta":{"origin":660258,"position":4},"title":"Hassan Allam lands another Toshka contract + More wheat, courtesy of Romania","author":"enterpriseam admin","date":"29 August 2022","format":false,"excerpt":"Hassan Allam Construction to work on Toshka irrigation project: Hassan Allam Construction, a subsidiary of Hassan Allam Holding, has been awarded a contract to install irrigation infrastructure as part of the project to reclaim land in Toshka for wheat production, the company said in a statement last week. Under the\u2026","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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":621424,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/07\/ecdc-to-allocate-35k-feddans-for-olive-date-production-to-foreign-investors\/","url_meta":{"origin":660258,"position":5},"title":"ECDC to allocate 35k feddans for olive, date production to foreign investors","author":"enterpriseam admin","date":"7 November 2018","format":false,"excerpt":"The state\u2019s Egyptian Countryside Development Company (ECDC) is expected to sign agreements with foreign investors to allocate 35k feddans of land for olive and date production and olive oil extraction, Chairman and Managing Director Atter Hannoura announced. 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