The issuance is backed by a receivables portfolio originated by two of Misr Italia Holding’s subsidiaries.
Chairman of Greater Cairo Sanitary Drainage Company (GCSDC), Adel Hassan, reveals that replacement and upgrade of wastewater networks and facilities cost EGP 203 mn.
The Head of the New Bourj El Arab Development Authority, Ahmed Hammam, notes that a technology center is inaugurated to serve citizens.
The projects are set to be implemented by the private sector and accelerate growth in new cities, El-Gazzar adds.
The company achieves up to EGP 3 bn in indirect sales in 2022 and enters into partnerships with more than 200 developers in various fields including residential, administrative, commercial, entertainment, and tourism, Abdel Hakeim, adds.
Earnings before interest, taxes, depreciation and amortization (EBITDA) jumped threefold to more than EGP 1 bn in 2022 from EGP 372 mn in 2021.
The company plans to complete the construction works of the entire project with the highest quality standards by the end of 2023.
The group seeks to increase its clients base by providing services that achieve comfort and luxury standards for guests staying in their units, also providing international standards of hospitality services for comfort and luxury stays that meets with "Prime Hospitality" brand image and identity.
Under the MoU, ACUD and NAACC exchange information, expertise, knowledge, and technology. It also provides for competency building and education.
Assistant Minister of Housing for the Affairs of the NUCA, Waleed Abbas, states that companies only could apply for the new land allocation mechanism.
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