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.