Construction & Real Estate

Egypt's Palm Hills Developments, EFG Hermes close E£2bn securitised bond

Leading Egyptian real estate developer Palm Hills Developments (PHD) has joined hands with top investment bank EFG Hermes for the successful closing of an E£2.015 billion securitised bond issuance. The transaction represents the first issuance under PHD’s newly approved E£30 billion securitization program. ...

Construction & Real Estate

Petrojet snaps up $273m EPC contract for Oman gas pipeline

Petrojet, a key Egyptian oil and gas EPC (engineering, procurement, construction) contractor with a significant presence in Abu Dhabi, has announced that it has won a EPC contract worth $273 million to build a 193km natural gas pipeline in Oman. ...

Construction & Real Estate

Hassan Allam secures $250m contract to build Afreximbank HQ in Egypt

Hassan Allam Construction has been awarded a landmark $250 million contract for the construction of the Afreximbank African Trade Centre, the bank’s largest global complex, which will also host its new headquarters building, in the New Capital of Egypt. ...

Construction & Real Estate

Siemens unveils Velaro high-speed train in Cairo

Siemens Mobility unveiled its Velaro high-speed train to the Egyptian public for the first time on Sunday at the TransMEA 2025, the region’s leading exhibition for transportation and logistics in the Middle East and Africa....