{"id":676108,"date":"2025-11-24T00:00:00","date_gmt":"2025-11-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/11\/24\/gcc-contractor-mulls-setting-up-dry-port-in-borg-al-arab\/"},"modified":"2025-11-24T00:00:00","modified_gmt":"2025-11-24T00:00:00","slug":"gcc-contractor-mulls-setting-up-dry-port-in-borg-al-arab","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/11\/24\/gcc-contractor-mulls-setting-up-dry-port-in-borg-al-arab\/","title":{"rendered":"GCC contractor mulls setting up dry port in Borg Al Arab"},"content":{"rendered":"

\n

LOGISTICS-<\/p>\n

Borg Al Arab is getting a new dry port:<\/strong> The Transport Ministry is in talks with GCC-based Al Ahmadiah Contracting & Trading to obtain the rights to set up, manage, and operate a new dry port in Borg Al Arab, General Authority for Land & Dry Ports head Sayed Metwally told Al Borsa<\/a>. Ahmadiah is currently conducting final studies of the potential project and is slated to submit the final financial and technical studies next month.<\/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

Egypt\u2019s been looking for a <\/strong>suitor<\/strong> for some time: <\/strong>At least two players were tied<\/a> to the project in 2023 and 2024, including Ocean Express Shipping, which signed an MoU with the authority back in August 2023 to explore developing the port, but no headway has been made since.<\/p>\n

The new port is expected to handle some 120k containers annually <\/strong>\u2014 hauling about 6.7 mn tons of dry goods. It will offer storage and logistics areas that cover nearly 85k sqm. <\/p>\n

\n

DEVELOPMENT FINANCE-<\/p>\n

Egypt lined up EUR 53.8 mn in funding from the French Development <\/strong>Agency and the European Investment Bank for the launch of a Green Sustainable Industries program<\/strong>, according to a joint statement<\/a>. The funding will be provided under a concessional financing and grant agreement.<\/p>\n

REMEMBER- <\/strong>The Green Sustainable Industries program<\/a> is a EUR 271 mn, five-year initiative led by the Environment Ministry and managed by the Egyptian Environmental Affairs Agency to help factories cut emissions, boost efficiency, and meet global climate standards. The program offers concessional loans, grants, and technical assistance for sectors with high energy and resource consumption, like cement, steel, chemicals, and food processing.<\/p>\n

A separate EUR 8.8 mn EU-funded technical assistance grant was also signed<\/strong> and will be managed by the European Investment Bank to provide expertise and capacity-building support for participating industries.<\/p>\n

\n

CAPITAL MARKETS-<\/p>\n

CI Capital Holding\u2019s<\/strong> CI <\/strong>Asset Management closed its new <\/strong>shariah-compliant gold investment fund Gold Misr with a subscription coverage of over 225%<\/strong>, according to a statement seen by EnterpriseAM. The company first opened subscriptions<\/a> for the gold investment fund earlier this month. The fund invests in high-purity physical gold bullions, offering cumulative daily returns with a prizedraw system for investors at no subscription fees.<\/p>\n

\n

MANUFACTURING-<\/p>\n

Packaging materials manufacturer Copack plans to set up an EGP 3 bn plant <\/strong>in a bid to raise its annual production capacity to 67k tons, Al Borsa<\/a> reports. The expanded capacity will support the company\u2019s export expansion into Europe and the US as it looks to boost exports beyond the current 25% of total output.<\/p>\n

\n

DEBT WATCH-<\/p>\n

Drive secures EGP 5 bn loan:<\/strong> GB Capital\u2019s subsidiary Drive Finance has secured a long-term syndicated facility of up to EGP 5 bn to support its expansion plans and growing client demand, according to a statement seen by EnterpriseAM. The loan was arranged by a six-bank syndicate that included the National Bank of Egypt, CIB, and the Arab African International Bank, Banque du Caire, Housing & Development Bank, and Emirates NBD Egypt. <\/p>\n","protected":false},"excerpt":{"rendered":"

PLUS- Egypt lined up EUR 53.8 mn in funding from the French Development Agency and the European Investment Bank<\/p>\n","protected":false},"author":1,"featured_media":676109,"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":[111,102,136,88,101,72,6543,368],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-676108","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-capital-markets","tag-ci-capital","tag-debt-watch","tag-development-finance","tag-enterpriseam","tag-gb-corp","tag-sustainability","wpautop","entry"],"acf":{"mongo_id":"2c42b70e-95f0-4b5d-b902-dc502e72e5db","order":"9","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/1\/308.jpg","photo_position":"above","homepage_title":"","full_issue_title":"GCC contractor mulls setting up dry port in Borg Al Arab","related_issue":[676094],"teaser":"PLUS- Egypt lined up EUR 53.8 mn in funding from the French Development Agency and the European Investment Bank","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/11\/.1d9c9b0a-cce2-40f7-849b-f9e76db52979.mp3"},"yoast_head":"\nGCC contractor mulls setting up dry port in Borg Al Arab - 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Chairman of the Commission for Dry Ports Amro Ismail said that the company has submitted a proposal to manage the dry port, constructing railway links to distribution routes. The report\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":549141,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/05\/valu-wants-you-to-shop-by-whatsapp-and-we-have-new-solar-plants-coming-online-in-sharm-this-october\/","url_meta":{"origin":676108,"position":2},"title":"valU wants you to shop by WhatsApp and we have new solar plants coming online in Sharm this October","author":"enterpriseam admin","date":"5 September 2022","format":false,"excerpt":"A bidding round for Borg El Arab dry port? A consortium led by Alpha Capital is reportedly among companies planning to submit an offer in October to establish, operate and manage the dry port at Borg El Arab at an investment cost of USD 180 mn, Amr Ismail, head of\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":648526,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/05\/itida-schneider-electric-sign-mou-for-an-engineering-lab-in-borg-el-arab\/","url_meta":{"origin":676108,"position":3},"title":"ITIDA, Schneider Electric sign MoU for an engineering lab in Borg El Arab","author":"enterpriseam admin","date":"5 April 2017","format":false,"excerpt":"The Information Technology Industry Development Agency (ITIDA) signed an MoU with Schneider Electric to establish a specialized engineering lab in the technological zone in Borg El Arab, Al Masry Al Youm reports. The MOU also includes an agreement to provide technological training in energy management and automation.","rel":"","context":"In "Telecoms + ICT"","block_context":{"text":"Telecoms + ICT","link":"https:\/\/enterpriseam.com\/egypt\/category\/telecoms-ict\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":600381,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/28\/egyptian-airports-company-looks-to-add-passenger-capacity-to-borg-el-arab\/","url_meta":{"origin":676108,"position":4},"title":"Egyptian Airports Company looks to add passenger capacity to Borg El Arab","author":"enterpriseam admin","date":"28 January 2019","format":false,"excerpt":"The Egyptian Airports Company is planning to increase Borg El Arab Airport\u2019s annual capacity to 6.2 mn passengers by 2021-2022, company head Tarek Fawzy said, according to Al Mal. The airport currently receives 3 mn passengers a year.","rel":"","context":"In "Automotive + Transportation"","block_context":{"text":"Automotive + Transportation","link":"https:\/\/enterpriseam.com\/egypt\/category\/automotive-transportation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":624494,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/10\/ekh-subsidiary-kahraba-begins-egp-550-mn-expansion-of-borg-al-arab-power-station\/","url_meta":{"origin":676108,"position":5},"title":"EKH subsidiary Kahraba begins EGP 550 mn expansion of Borg Al Arab power station","author":"enterpriseam admin","date":"10 September 2018","format":false,"excerpt":"Egypt Kuwait Holding (EKH) subsidiary Kahraba has begun working on the EGP 550 mn expansion of its gas-powered Borg Al Arab power station, according to a company disclosure picked up by Al Mal. The expansion is expected to bring the station\u2019s production capacity to 115 MW, up from 75 MW\u2026","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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/676108","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=676108"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/676108\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/676094"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/676109"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=676108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=676108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=676108"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=676108"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=676108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}