{"id":668173,"date":"2025-07-10T00:00:00","date_gmt":"2025-07-10T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/10\/cyprus-uw-group-is-interested-in-upgrading-the-port-said-shipyard\/"},"modified":"2025-07-10T00:00:00","modified_gmt":"2025-07-10T00:00:00","slug":"cyprus-uw-group-is-interested-in-upgrading-the-port-said-shipyard","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/10\/cyprus-uw-group-is-interested-in-upgrading-the-port-said-shipyard\/","title":{"rendered":"Cyprus\u2019 UW Group is interested in upgrading the Port Said Shipyard"},"content":{"rendered":"

\n

LOGISTICS-<\/p>\n

Cyprus\u2019 UW <\/strong>Group is<\/strong> eyeing investments in the Port Said Shipyard<\/strong> to turn it into a global <\/strong>shipbuilding hub offering maintenance, repair, and green scrapping services. <\/strong>This came during a meeting between Suez Canal Authority head Osama Rabie and a delegation from the ship repair and maintenance service provider UW Group<\/a>, according to a statement<\/a> from the authority. Both sides will study the proposed partnership and hold further meetings to discuss technical and economic aspects.<\/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

\n

TECH-<\/p>\n

A new fintech <\/strong>player enters the scene: <\/strong>London-based startup LemFi launched its low-cost payment services in Egypt, tapping into the country\u2019s USD 29.6 bn remittance market, according to a statement<\/a>(pdf)<\/a>. The company already operates in the US, Canada, the UK, Europe, Morocco, and Tunisia. \u201cThis strategic expansion positions [LemFi] to provide its service offerings to Egypt\u2019s massive diaspora community, building on the country\u2019s growing adoption of the digital payments market,\u201d the statement read.<\/p>\n

\n

REAL ESTATE-<\/p>\n

Real estate de<\/strong>veloper and asset manager Green Investments launched its digital <\/strong>fractional ownership platform <\/strong>B.almetr<\/strong>, according to Al<\/a>Mal<\/a>. The platform allows clients to purchase spaces in ready-to-lease units as small as 1 sqm, with investments starting from EGP 500k that are backed by exit options. Regulatory approvals from the Financial Regulatory Authority and the Central Bank of Egypt are still pending.<\/p>\n","protected":false},"excerpt":{"rendered":"

PLUS- Green investments launches its digital fractional ownership platform B.almetr<\/p>\n","protected":false},"author":1,"featured_media":668174,"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":[111,72,183,145,91,83],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-668173","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-enterpriseam","tag-fintech","tag-logistics","tag-oil-and-gas","tag-real-estate","wpautop","entry"],"acf":{"mongo_id":"c0c5886a-4d0a-4fee-93cf-e3a4b46496dc","order":"11","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/7\/607.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Cyprus\u2019 UW Group is interested in upgrading the Port Said Shipyard","related_issue":[668154],"teaser":"PLUS- Green investments launches its digital fractional ownership platform B.almetr","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/7\/.5835bdc5-ed00-475b-9979-9aa36e69b4fd.mp3"},"yoast_head":"\nCyprus\u2019 UW Group is interested in upgrading the Port Said Shipyard - 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News came after SCA boss\u2026","rel":"","context":"In "Infrastructure"","block_context":{"text":"Infrastructure","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/infrastructure\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":600422,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/29\/cyprus-based-edt-to-invest-in-egypts-damietta-port-in-oil-and-gas-logistics\/","url_meta":{"origin":668173,"position":2},"title":"Cyprus-based EDT to invest in Egypt\u2019s Damietta Port in oil and gas logistics","author":"enterpriseam admin","date":"29 January 2019","format":false,"excerpt":"Cyprus-based EDT Offshore is mulling investing in Damietta Port to support oil and gas companies in offshore exploration, local news reported. There was no mention of the value, timeframe, or exact nature of the investment. EDT, which already has a rep office in Alexandria, supports oil and gas activities through\u2026","rel":"","context":"In "Infrastructure"","block_context":{"text":"Infrastructure","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/infrastructure\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":623943,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/06\/13\/chinas-cosco-shipping-to-invest-usd-375-mn-in-egypt-in-2024-plus-ad-ports-to-take-over-three-tourism-terminals-taba-maritime-port-construction-to-start-2024-or-2025\/","url_meta":{"origin":668173,"position":3},"title":"China\u2019s Cosco Shipping to invest USD 375 mn in Egypt in 2024. 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