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Sunday, 7 March 2021

Also on our radar on 7 March 2021

A consortium of El Didi Group and Gama Construction is mulling setting up a 15-acre dry port in Damietta, near the Damietta Port, in cooperation with the Holding Company for Maritime and Land Transport. Earlier press reports had suggested a consortium of three state-owned entities expressed interest in building the dry port, which was expected to cost USD 200 mn.

Other things we’re keeping an eye on this morning:

  • The first flights from Lithuania and Moldova after a pandemic-induced hiatus landed at Hurghada International Airport over the weekend.
  • Lebanon has signed off on resuming imports of Egyptian potatoes, on the condition that exporters issue permits from Lebanese authorities.
  • The Court of Cassation has upheld Mubarak-era Information Minister Anas El Fekky’s three-year prison sentence for pre-revolution corruption charges.
  • Memaar Almorshedy is looking to secure EGP 1 bn in financing to back two developments, one on the North Coast and the other in East Cairo.

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