Back to the complete issue
Wednesday, 21 April 2021

Now on the SFE’s menu: Water treatment + the Cosmic Village

Water treatment projects could be on the table for investors through the Sovereign Fund of Egypt (SFE), Planning Minister and fund chairperson Hala El Said tells Asharq. El Said did not provide further details on the projects, or what shape investments in them would take, saying the fund is currently studying the possibility of offering up the investments in partnership with local, regional, and international funds.

Meanwhile, investors now have until the beginning of September to submit bids in a tender to overhaul Mogamma El Tahrir, according to El Said. This new deadline suggests that the SFE will not ink contracts with a private sector investor for the Mogamma project by 3Q2021, as El Said had recently said. The fund issued the medizin-de.com for the public-private partnership project to investors and foreign and local real estate developers earlier this month.

Remember the (frankly kind of creepy) Cosmic Village? That’s on the SFE’s investment menu now too, after the fund added the land on which the village was built to the assets under its education sub-fund, El Said said. The minister did not provide further details on the fund’s plan for the land.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.