{"id":683335,"date":"2026-01-26T00:00:00","date_gmt":"2026-01-26T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?p=683335"},"modified":"2026-01-26T03:37:15","modified_gmt":"2026-01-26T03:37:15","slug":"investments-in-sky-innovo-developments-flagship-new-cairo-project-double-to-egp-16-bn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/01\/26\/investments-in-sky-innovo-developments-flagship-new-cairo-project-double-to-egp-16-bn\/","title":{"rendered":"Investments in Sky Innovo Developments\u2019 flagship New Cairo project double to EGP 16 bn"},"content":{"rendered":"

Sky Innovo Developments doubles down on its Park St Edition investments <\/p>\n

U<\/strong>K-ba<\/strong>sed Innovo Group\u2019s real estate arm Sky Innovo Developments\u2019s <\/strong>investments in its flagship Park St Edition project in New Cairo project have reached EGP 16 bn, <\/strong>up from a previously anticipated USD 7 bn<\/a> investment figure, according to a statement (pdf)<\/a>. The 24.3k sqm mixed-use project has seen strong demand and high sales, reflecting \u201cthe growing maturity of the Egyptian market,\u201d Sky Innovo\u2019s Chairman Ayman Hussein said. <\/p>\n

\n

One big step towards our efforts to localize the production of soda ash<\/p>\n

China National Chemical Engineering Company (CNCEC) will set up a USD 34 <\/strong>mn plant for the manufacture of steel structures and finished pipes used in establishing soda ash production plants <\/strong>under a contract inked<\/a> with the Suez Canal Economic Zone. The facility will have an annual production capacity of 20k tons of steel structures and 400k inches of pipes. <\/p>\n

Soda ash is one of the 23 priority industries that was <\/strong>earmarked for localization<\/a><\/strong> in 2024, as the first step of an initiative to localize 152 industries by 2030. To help localize the 23 industries, the government is offering incentives and facilities to attract and facilitate investments.<\/p>\n

There\u2019s more: <\/strong>CNCEC plans to set up a USD 250 mn chemical and petrochemical equipment manufacturing plant at Ain Sokhna Port this year. The facility will produce carbon steel, low-alloy steel, stainless steel, composite sheets, and different kinds of containers to supply the petrochemicals, energy, mining, and pharma sectors.<\/p>\n

\n

Alexandria Containers sees slight dip in 1H 2025-26 earnings<\/p>\n

Alexandri<\/strong>a Container and Cargo Handling\u2019s net income fell 2% y-o-y to EGP <\/strong>3.4 bn during the first half of FY 2025-26,<\/strong> according to the company\u2019s latest unaudited financial statement (pdf)<\/a>. Revenues for the six-month period dipped 4% y-o-y to EGP 3.8 bn, while gross income saw a 6% y-o-y decline to EGP 2.88 bn. Despite the lower financial figures, actual container throughput saw a 5% y-o-y increase during the period.<\/p>\n

The company attributed the top and bottom-line decline to a reduction in storage <\/strong>revenues.<\/strong> While handling volumes grew, the drop in storage-related income \u2014 often a higher-margin service \u2014 weighed on overall profitability.<\/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","protected":false},"excerpt":{"rendered":"

Plus: Alexandria Container and Cargo Handling\u2019s net income fell 2% y-o-y to EGP 3.4 bn during the first half of FY 2025-26<\/p>\n","protected":false},"author":1,"featured_media":683336,"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":[2453,111,302,72,131],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-683335","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-alexandria-container-and-cargo-handling","tag-also-on-our-radar","tag-earnings","tag-enterpriseam","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"71f99cb2-2c94-4497-88b7-3ddcb6b84274","order":"11","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2026\/1\/990.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Investments 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rollout","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\/2026\/4\/82.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":663090,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/27\/uk-based-innovo-plans-to-expand-its-presence-locally\/","url_meta":{"origin":683335,"position":1},"title":"UK-based Innovo plans to expand its presence locally","author":"enterpriseam admin","date":"27 March 2025","format":false,"excerpt":"The company plans to diversify its Egyptian portfolio by stepping into new sectors","rel":"","context":"In "Real estate"","block_context":{"text":"Real 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PLUS: FutureFert, Madinet Masr + Carrefour, Halliburton, Al Kbous Tea, Egyptian Swiss Group, Innovo, Ecaru","author":"enterpriseam admin","date":"5 December 2024","format":false,"excerpt":"The company, which has five factories in Egypt producing some 650k tons of feed annually, plans to expand production to 1 mn tons","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\/2024\/12\/522.jpeg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":611940,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/14\/ades-holding-handed-10-year-contract-to-operate-suez-brownfields-plus-beltone-mortgage-majid-al-futtaim-sky-investments-egbank\/","url_meta":{"origin":683335,"position":4},"title":"ADES Holding handed 10-year contract to operate Suez brownfields. PLUS: Beltone Mortgage, Majid Al Futtaim, Sky Investments, EGBank","author":"enterpriseam admin","date":"14 December 2023","format":false,"excerpt":"ADES LANDS SUEZ BROWNFIELDS- A consortium led by the Saudi Public Investment Fund (PIF)-backed ADES Holding was awarded a 10-year contract to operate and ramp up oil production at maturing fields operate by Suez Oil Company and Offshore Shukeir Oil Company. The contract, awarded by the Egyptian General Petroleum Corporation,\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\/2023\/12\/975.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":558474,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/11\/sky-ad-plans-to-invest-over-egp-4-bn-in-2-projects-in-egypt-by-years-end\/","url_meta":{"origin":683335,"position":5},"title":"SKY AD plans to invest over EGP 4 bn in 2 projects in Egypt by year\u2019s end","author":"enterpriseam admin","date":"11 August 2021","format":false,"excerpt":"UAE-based Diamond Group\u2019s subsidiary Sky AD Developments will invest over EGP 4 bn in two projects in Egypt by the end of the year \u2014 one in the North Coast and one in New Cairo \u2014 Sky\u2019s chief executive Abdulrahman Agami told Reuters. 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