{"id":676136,"date":"2025-11-24T00:00:00","date_gmt":"2025-11-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/11\/24\/qatari-egyptian-consortium-close-to-securing-former-ndp-headquarters-redevelopment-project\/"},"modified":"2025-11-24T00:00:00","modified_gmt":"2025-11-24T00:00:00","slug":"qatari-egyptian-consortium-close-to-securing-former-ndp-headquarters-redevelopment-project","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/11\/24\/qatari-egyptian-consortium-close-to-securing-former-ndp-headquarters-redevelopment-project\/","title":{"rendered":"Qatari-Egyptian consortium close to securing former NDP headquarters redevelopment project"},"content":{"rendered":"

Good afternoon, friends.<\/strong> The news cycle is still at pace. Analysts are holding their breath as political developments and global market reactions unfold. Let\u2019s dive in.<\/p>\n

THE BIG STORY TODAY-<\/p>\n

? An Qatari-Egyptian Consortium is close to being <\/strong>chosen to work on the redevelopment of the former National Democratic Party headquarters in central Cairo<\/strong>, a senior government source told EnterpriseAM. The USD 5 bn redevelopment<\/a> has been delayed due to FX fluctuations and revisions to the valuation of the project, we were told. <\/p>\n

The as of yet unnamed consortium isn\u2019t the only one in the running<\/strong>, with the Sovereign Fund of Egypt also examining several other offers, our source told us. The list of candidates includes the consortium of the UAE\u2019s Al Shafar General Contracting Group and Saudi Egyptian Developers, which had previously secured the project in 2023, before dropping out<\/a> in the following year on the back of an uptick in construction costs following the float of the EGP.<\/p>\n

It\u2019s still unknown how much \u2014 if it all \u2014 the plans for the prime spot of real estate have <\/strong>changed<\/strong>, but the original plan was to build a 220-meter, seven-star hotel, alongside residential buildings and a multistory car park.<\/p>\n

THE BIG STORY ABROAD-<\/p>\n

? It\u2019s<\/strong> another busy afternoon in the global press, with the latest on the US-led <\/strong>plan to end the war in Ukraine dominating headlines.<\/strong> After US President Donald Trump\u2019s 28-point proposal to end the war in Ukraine faced pushback for purportedly favoring Russia, leading European leaders to ink their own proposal<\/a> and the US and Ukraine reportedly making progress<\/a> on a new draft of the plan. \u201cMuch is changing: we are working very carefully on the steps needed to end the war,\u201d Ukrainian President Volodymyr Zelenskyy said following talks in Geneva yesterday. (Guardian<\/a> | CNN<\/a> | BBC<\/a> | Financial Times<\/a> | Reuters<\/a>)<\/p>\n

Market <\/strong>reax<\/strong>: <\/strong>Earlier today, shares in major European defence stocks faltered following news of peace talk progress. German arms manufacturer Rheinmetall was down 3.5% at the time of publication, German surveillance tech company Hensoldt was down 3.9%, and Swedish aerospace and defence company Saab was down 3.4%. European aerospace and defense companies index Sxparo was also down 1.7% at the time of publication. (CNBC<\/a> | Reuters<\/a> | Bloomberg<\/a>)<\/p>\n

ALSO- With eight months left to its mandate, the US Department of Government <\/strong>Efficiency, or <\/strong>DOGE<\/a><\/strong>, has gone out with a whimper<\/strong>, but not before wreaking havoc on governmental and federal infrastructure with promises to save USD tns. When asked about its status, Office of Personnel Management Director Scott Kupor told Reuters that it simply \u201cdoesn\u2019t exist.\u201d DOGE, with a name inspired by the popular doge meme, was spearheaded by tech bn\u2019aire Elon Musk until his departure in May. (Reuters<\/a> | Guardian<\/a>)<\/p>\n

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\u2600\ufe0f <\/strong>TOMORROW\u2019S WEATHER- <\/strong>We\u2019re back to cooler fall days, with temperatures in the capital tomorrow to peak at a sensible 24\u00b0C before cooling down to 16\u00b0C, according to our favorite weather app. <\/p>\n","protected":false},"excerpt":{"rendered":"

Good afternoon, friends. The news cycle is still at pace. Analysts are holding their breath as political developments and global market reactions unfold. Let\u2019s dive in. THE BIG STORY TODAY- ? An Qatari-Egyptian Consortium is close to being chosen to work on the redevelopment of the former National Democratic Party headquarters in central Cairo, a […]<\/p>\n","protected":false},"author":1,"featured_media":676137,"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":[633,955,83,370,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-676136","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-tonight","tag-enterprisepm","tag-hospitality","tag-real-estate","tag-sovereign-fund-of-egypt","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"9560b678-9b14-4ed2-b34b-8b5b98bf8133","order":"1","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2024\/8\/2160.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Qatari-Egyptian consortium close to securing former NDP headquarters redevelopment project","related_issue":[676134],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/11\/.80f0f8bc-ce37-4386-92d7-421acaadf183.mp3"},"yoast_head":"\nQatari-Egyptian consortium close to securing former NDP headquarters redevelopment 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\/11\/24\/qatari-egyptian-consortium-close-to-securing-former-ndp-headquarters-redevelopment-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Qatari-Egyptian consortium close to securing former NDP headquarters redevelopment project\" \/>\n<meta property=\"og:description\" content=\"Good afternoon, friends. The news cycle is still at pace. Analysts are holding their breath as political developments and global market reactions unfold. Let\u2019s dive in. THE BIG STORY TODAY- ? 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Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1445.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":640458,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/26\/imf-representatives-are-scheduled-to-visit-in-october-for-our-fourth-loan-review\/","url_meta":{"origin":676136,"position":4},"title":"IMF representatives are scheduled to visit in October for our fourth loan review","author":"enterpriseam admin","date":"26 August 2024","format":false,"excerpt":"Good afternoon, all. It\u2019s shaping up to be another calm news day as we enjoy one of the last days before summer comes to an end and the academic year kicks off. THE BIG STORY TODAY- Fourth review incoming: Representatives from the IMF should land in town early October to\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\/2024\/2\/94.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":553521,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/07\/us-consortium-gets-egp-3-5-bn-mogamma-revamp-contract\/","url_meta":{"origin":676136,"position":5},"title":"US consortium gets EGP 3.5 bn Mogamma revamp contract","author":"enterpriseam admin","date":"7 December 2021","format":false,"excerpt":"US-led consortium tapped for Mogamma overhaul: A consortium of US-based GlobalVentures and Oxford Capital together with the UAE\u2019s Al Otaiba Investment signed yesterday a EGP 3.5 bn (c.USD 200 mn) contract to redevelop Tahrir Square\u2019s Mogamma yesterday with the Sovereign Fund of Egypt (SFE) and the Planning Ministry, the Madbouly\u2026","rel":"","context":"In "Real estate"","block_context":{"text":"Real estate","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/real-estate\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/242.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\/676136","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=676136"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/676136\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/676134"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/676137"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=676136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=676136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=676136"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=676136"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=676136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}