Suez Industrial Development Company (SIDC), a majority-owned subsidiary of Orascom Construction, has signed an agreement with Al Ahly Capital Holding (ACH), the investment arm of the National Bank of Egypt, to jointly develop a 2.2 million square meter industrial park in Abu Rawash (Giza), Egypt. SIDC will be the lead developer of the industrial […]
On 01 March 2021, the Litigation team of Shehata & Partners, led by partner Mohamed Osama Abdelwahab (pictured), in conjunction with the Italian law firm Pavia e Ansaldo were able to push for a
Deal & transactions
Egypt
Industrial
Other
Saudi Arabia
Dentons: Volkswagen’s Cariad acquires Intenta’s automotive business
Global law firm Dentons has provided comprehensive antitrust advice to Cariad, the software division of the Volkswagen Group, in relation to its acquisition of the automotive business of Intenta. With the acquisition, Cariad is expanding
All for One Group, the consulting and IT Group based in Germany, has completed the acquisition of customer experience (CX) experts POET along with a majority stake in the development company
Intella, the SME-focused fintech startup, has completed a USD 1 million seed financing round, led by Hala Ventures, with participation from Falak Startups, powered by the Egyptian Ministry of International Cooperation and its venture capital arm,
Banking & Finance
Egypt
Real Estate, Construction & Infrastructure
Hassan Allam Properties secures EGP 1.8 billion in financing
A Hassan Allam Properties subsidiary secured EGP 1.8 billion in financing from the National Bank of Egypt (NBE) and Arab African International Bank (AAIB) to finance its residential project Swan Lake West in Sixth of October.
Helmy, Hamza & Partners, Baker McKenzie’s Cairo office, has recently advised Pioneers Properties for Urban Development on a real estate securitization transaction. The total value of the securitization bond program is EGP 3 billion divided
A diverse group of Egypt’s banks, insurance companies, financial institution as well as private investors have come together to set up a new fund dedicated to investing in K12 private schools in Egypt. The
Mercedes-Benz Egypt has announced its intention to localize the manufacturing of electric vehicles in the country in the coming period. The National Automotive Company (NATCO), the owner of the largest distribution network of Mercedes-Benz cars
