{"id":666617,"date":"2025-06-11T00:00:00","date_gmt":"2025-06-11T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/gcc-sovereign-wealth-fund-to-announce-big-ticket-project-in-ras-shukeir-in-the-coming-days\/"},"modified":"2025-06-11T00:00:00","modified_gmt":"2025-06-11T00:00:00","slug":"gcc-sovereign-wealth-fund-to-announce-big-ticket-project-in-ras-shukeir-in-the-coming-days","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/gcc-sovereign-wealth-fund-to-announce-big-ticket-project-in-ras-shukeir-in-the-coming-days\/","title":{"rendered":"GCC sovereign wealth fund to announce big-ticket project in Ras Shukeir in the coming days"},"content":{"rendered":"

The government is gearing up to announce a new Ras Shukeir project \u201cin <\/strong>the coming days\u201d<\/strong> involving one of the Gulf\u2019s sovereign wealth funds, a senior government source told EnterpriseAM. The agreement \u2014 set to be the first in a series tied to the 174 sq km Ras Shukeir zone on the Red Sea \u2014 will back local sovereign sukuk soon to be issued by the Finance Ministry, whose proceeds will go towards lowering the public debt burden.<\/p>\n

Our source framed the agreement as the start of a broader push to replicate the success of the <\/strong>Ras El Hekma agreement with ADQ<\/a><\/strong> \u2014 but with a notable difference. <\/strong>The area \u2014 which is slightly larger than Ras El Hekma \u2014 was formally allocated to the Finance Ministry under a presidential decree published in the Official Gazette last week for the expressed purpose of raising funds through sovereign sukuk issuances and debt reduction. <\/p>\n

This and other future Ras Shukeir projects will use sukuk issuances as their source of <\/strong>funding<\/strong>, with the Finance Ministry set to invite regional sovereign wealth funds and other investors to subscribe to sukuk issuances tied to particular projects, we were told. The framework for this new funding mechanism will be developed in response to the planned GCC-backed projects.<\/p>\n

The proposal lets the state \u201cexploit the asset without disposing of it, selling it, or <\/strong>depreciating it<\/strong>,\u201d economist Medhat Nafei said<\/a>. Many types of sukuk \u201csecuritize the revenues from exploiting and investing the asset and do not grant the subscriber the right to own the asset,\u201d he continued in response to criticism of the decision.<\/p>\n

The government hopes this new model will revitalize the local capital market<\/strong> and lay the groundwork for a secondary sukuk market, making Egypt\u2019s debt diversification strategy more resilient and investment-oriented.<\/p>\n

\u201cThis development paves the way for similar agreements to the Ras El Hekma investment <\/strong>agreement<\/strong>, which could lower Egypt\u2019s external debt and increase its FDIs and USD resources,\u201d HC Securities\u2019 Nemat Choucri told EnterpriseAM.<\/p>\n

Details on the upcoming project are few and far between<\/strong>, but the area has a lot of potential for energy production \u2014 including green hydrogen \u2014 in addition to tourism and industry, our source said.<\/p>\n

We\u2019re also still in the dark on which GCC sovereign wealth fund will be kicking off the<\/strong> first project<\/strong>, with Saudi Arabia\u2019s Public Investment Fund a prime suspect considering the Kingdom\u2019s plan to convert some of its USD 10.3 bn deposits<\/a> in the Central Bank of Egypt into investments. Qatar is also a likely candidate, as it agreed in April to work towards a USD 7.5 bn package of direct Qatari investments in Egypt<\/a> in the near future. <\/p>\n

Ras Shukeir has already been getting investor interest<\/strong>, with the cabinet approving plans<\/a> to establish a green industrial zone for petrochemicals and green hydrogen in the area earlier this year. The cabinet also gave an initial nod for the Transport Ministry to proceed with contracts for a green hydrogen and green ammonia project in Ras Shukeir, along with Saudi renewables giant ACWA Power and local energy and infrastructure leader Hassan Allam Utilities\u2019 550 MW windfarm in the area<\/a>.<\/p>\n

The new initiative will not affect the planned international sukuk offering set to wrap by <\/strong>the end of this month<\/strong>, we were told. The Finance Ministry is still working to issue<\/a> USD 1.5-2.0 bn worth of sukuk that will help repay some USD 1.5 bn of maturing 10-year bonds issued back in June 2015.<\/p>\n

REMEMBER-<\/strong> Egypt is working towards attracting USD 42 bn in net FDI during the next fiscal<\/a>year<\/a>, with plans to increase that figure to USD 55 bn in FY 2028-2029. The considerable uptick in FDI growth is expected to be driven by increased interest from foreign investors in Egypt \u2014 particularly from Gulf countries like the UAE, Saudi Arabia, and Qatar.<\/p>\n","protected":false},"excerpt":{"rendered":"

This and other future Ras Shukeir projects will use sukuk issuances as their source of funding<\/p>\n","protected":false},"author":1,"featured_media":666618,"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":[7272],"tags":[7106,72,125,280],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-666617","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-debt","tag-enterpriseam","tag-investment-watch","tag-sukuk","wpautop","entry"],"acf":{"mongo_id":"bbf39fe3-7273-4890-a73d-1616408be585","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/6\/517.jpg","photo_position":"above","homepage_title":"","full_issue_title":"GCC sovereign wealth fund to announce big-ticket project in Egypt\u2019s Ras Shukeir in the coming days","related_issue":[666612],"teaser":"This and other future Ras Shukeir projects will use sukuk issuances as their source of funding","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/6\/.41c58742-461e-4f28-a2cb-e97c1856e293.mp3"},"yoast_head":"\nGCC sovereign wealth fund to announce big-ticket project in Ras Shukeir in the coming days - 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\/06\/11\/gcc-sovereign-wealth-fund-to-announce-big-ticket-project-in-ras-shukeir-in-the-coming-days\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GCC sovereign wealth fund to announce big-ticket project in Ras Shukeir in the coming days\" \/>\n<meta property=\"og:description\" content=\"This and other future Ras Shukeir projects will use sukuk issuances as their source of funding\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/gcc-sovereign-wealth-fund-to-announce-big-ticket-project-in-ras-shukeir-in-the-coming-days\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-11T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/517.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\/06\/11\/gcc-sovereign-wealth-fund-to-announce-big-ticket-project-in-ras-shukeir-in-the-coming-days\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/gcc-sovereign-wealth-fund-to-announce-big-ticket-project-in-ras-shukeir-in-the-coming-days\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"GCC sovereign wealth fund to announce big-ticket project in Ras Shukeir in the coming days\",\"datePublished\":\"2025-06-11T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/gcc-sovereign-wealth-fund-to-announce-big-ticket-project-in-ras-shukeir-in-the-coming-days\/\"},\"wordCount\":642,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/gcc-sovereign-wealth-fund-to-announce-big-ticket-project-in-ras-shukeir-in-the-coming-days\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/517.jpg?fit=%2C&ssl=1\",\"keywords\":[\"debt\",\"EnterpriseAM\",\"investment watch\",\"sukuk\"],\"articleSection\":[\"Investment Watch\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/gcc-sovereign-wealth-fund-to-announce-big-ticket-project-in-ras-shukeir-in-the-coming-days\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/gcc-sovereign-wealth-fund-to-announce-big-ticket-project-in-ras-shukeir-in-the-coming-days\/\",\"name\":\"GCC sovereign wealth fund to announce big-ticket project in Ras Shukeir in the coming days - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/gcc-sovereign-wealth-fund-to-announce-big-ticket-project-in-ras-shukeir-in-the-coming-days\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/gcc-sovereign-wealth-fund-to-announce-big-ticket-project-in-ras-shukeir-in-the-coming-days\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/517.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2025-06-11T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/gcc-sovereign-wealth-fund-to-announce-big-ticket-project-in-ras-shukeir-in-the-coming-days\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/gcc-sovereign-wealth-fund-to-announce-big-ticket-project-in-ras-shukeir-in-the-coming-days\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/gcc-sovereign-wealth-fund-to-announce-big-ticket-project-in-ras-shukeir-in-the-coming-days\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/517.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/517.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/gcc-sovereign-wealth-fund-to-announce-big-ticket-project-in-ras-shukeir-in-the-coming-days\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GCC sovereign wealth fund to announce big-ticket project in Ras Shukeir in the coming days\"}]},{\"@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":"GCC sovereign wealth fund to announce big-ticket project in Ras Shukeir in the coming days - 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\/2025\/06\/11\/gcc-sovereign-wealth-fund-to-announce-big-ticket-project-in-ras-shukeir-in-the-coming-days\/","og_locale":"en_US","og_type":"article","og_title":"GCC sovereign wealth fund to announce big-ticket project in Ras Shukeir in the coming days","og_description":"This and other future Ras Shukeir projects will use sukuk issuances as their source of funding","og_url":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/gcc-sovereign-wealth-fund-to-announce-big-ticket-project-in-ras-shukeir-in-the-coming-days\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2025-06-11T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2025\/6\/517.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/gcc-sovereign-wealth-fund-to-announce-big-ticket-project-in-ras-shukeir-in-the-coming-days\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/gcc-sovereign-wealth-fund-to-announce-big-ticket-project-in-ras-shukeir-in-the-coming-days\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"GCC sovereign wealth fund to announce big-ticket project in Ras Shukeir in the coming days","datePublished":"2025-06-11T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/gcc-sovereign-wealth-fund-to-announce-big-ticket-project-in-ras-shukeir-in-the-coming-days\/"},"wordCount":642,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/gcc-sovereign-wealth-fund-to-announce-big-ticket-project-in-ras-shukeir-in-the-coming-days\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/6\/517.jpg?fit=%2C&ssl=1","keywords":["debt","EnterpriseAM","investment watch","sukuk"],"articleSection":["Investment Watch"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/gcc-sovereign-wealth-fund-to-announce-big-ticket-project-in-ras-shukeir-in-the-coming-days\/","url":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/gcc-sovereign-wealth-fund-to-announce-big-ticket-project-in-ras-shukeir-in-the-coming-days\/","name":"GCC sovereign wealth fund to announce big-ticket project in Ras Shukeir in the coming days - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/gcc-sovereign-wealth-fund-to-announce-big-ticket-project-in-ras-shukeir-in-the-coming-days\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/gcc-sovereign-wealth-fund-to-announce-big-ticket-project-in-ras-shukeir-in-the-coming-days\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/6\/517.jpg?fit=%2C&ssl=1","datePublished":"2025-06-11T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/gcc-sovereign-wealth-fund-to-announce-big-ticket-project-in-ras-shukeir-in-the-coming-days\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/gcc-sovereign-wealth-fund-to-announce-big-ticket-project-in-ras-shukeir-in-the-coming-days\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/gcc-sovereign-wealth-fund-to-announce-big-ticket-project-in-ras-shukeir-in-the-coming-days\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2025\/6\/517.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/6\/517.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/gcc-sovereign-wealth-fund-to-announce-big-ticket-project-in-ras-shukeir-in-the-coming-days\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"GCC sovereign wealth fund to announce big-ticket project in Ras Shukeir in the coming days"}]},{"@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":"https:\/\/i0.wp.com\/ent.news\/2025\/6\/517.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2025\/6\/517.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2025\/6\/517.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":670362,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/18\/gulf-sovereign-fund-set-to-announce-new-ras-shukeir-project\/","url_meta":{"origin":666617,"position":0},"title":"Gulf sovereign fund set to announce new Ras Shukeir project","author":"enterpriseam admin","date":"18 August 2025","format":false,"excerpt":"Good afternoon, friends. It\u2019s a calm day on the news front, and we\u2019ve got a rather brisk issue for you today. THE BIG STORY TODAY- A Gulf sovereign fund is set to announce a new Ras Shukeir project, with a focus on infrastructure and energy development, according to a Finance\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","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\/6\/682.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":671253,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/09\/03\/govt-to-take-egp-25-bn-worth-of-local-sukuk-to-market-in-fy-25-26\/","url_meta":{"origin":666617,"position":1},"title":"Gov\u2019t to take EGP 25 bn worth of local sukuk to market in FY 25-26","author":"enterpriseam admin","date":"3 September 2025","format":false,"excerpt":"The first issuance is expected to close before the end of 2025","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\/2025\/7\/1624.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":673871,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/10\/20\/finmin-to-issue-its-first-ever-egp-denominated-sukuk-this-month\/","url_meta":{"origin":666617,"position":2},"title":"FinMin to issue its first ever EGP-denominated sukuk this month","author":"enterpriseam admin","date":"20 October 2025","format":false,"excerpt":"The ministry has doubled its wider sukuk program to EGP 50 bn","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\/2025\/2\/2510.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":670387,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/19\/we-could-soon-hear-news-about-a-new-ras-shukeir-project-courtesy-of-a-gulf-sovereign-fund\/","url_meta":{"origin":666617,"position":3},"title":"We could soon hear news about a new Ras Shukeir project courtesy of a Gulf sovereign fund","author":"enterpriseam admin","date":"19 August 2025","format":false,"excerpt":"Good morning, friends. We have a light issue for you this morning led by tax news as we look into how the Finance Ministry plans to implement the new VAT on crude oil. We also bring you a little bit of debt news with Beltone Mortgage closing its first securitization\u2026","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/8\/1146.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":666876,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/16\/scatecs-usd-600-mn-obelisk-solar-project-reaches-financial-close\/","url_meta":{"origin":666617,"position":4},"title":"Scatec\u2019s USD 600 mn Obelisk solar project reaches financial close","author":"enterpriseam admin","date":"16 June 2025","format":false,"excerpt":"The project in Nagaa Hammadi holds the mantle of being Africa\u2019s largest under-construction solar power plant","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1178.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":684941,"url":"https:\/\/enterpriseam.com\/egypt\/2026\/02\/05\/finance-ministry-and-egx-prepare-to-list-sovereign-sukuk-for-exchange-trading\/","url_meta":{"origin":666617,"position":5},"title":"Finance Ministry and EGX prepare to list sovereign sukuk for exchange trading","author":"enterpriseam admin","date":"5 February 2026","format":false,"excerpt":"The ministry also plans to introduce a variable-rate sovereign sukuk to broaden the investor base","rel":"","context":"In "The Big Story Today"","block_context":{"text":"The Big Story Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-big-story-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2026\/2\/385.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\/666617","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=666617"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/666617\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/666612"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/666618"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=666617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=666617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=666617"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=666617"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=666617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}