{"id":325500,"date":"2022-05-23T15:31:34","date_gmt":"2022-05-23T15:31:34","guid":{"rendered":"https:\/\/egy-africa.com\/en\/?p=325500"},"modified":"2022-05-23T15:31:34","modified_gmt":"2022-05-23T15:31:34","slug":"al-ahly-capital-signs-a-deal-with-orascom-subsidiary-to-develop-abu-rawash-industrial-park","status":"publish","type":"post","link":"https:\/\/egy-africa.com\/en\/2022\/05\/23\/al-ahly-capital-signs-a-deal-with-orascom-subsidiary-to-develop-abu-rawash-industrial-park\/","title":{"rendered":"Al Ahly Capital signs a deal with Orascom subsidiary to develop Abu Rawash industrial park"},"content":{"rendered":"<p>Suez Industrial Development Company (SIDC) has signed an agreement with\u00a0Al Ahly Capital Holding (ACH),\u00a0an investment arm of\u00a0the National Bank of Egypt (NBE),\u00a0to jointly establish an\u00a0industrial park in Abu Rawash (Giza) in\u00a0Egypt.<\/p>\n<p>Spanning over\u00a02.2 million square metres, the park is expected to become\u00a0a hub for various sectors, including logistics, light industries, and SMEs, according to a press release on Monday.<\/p>\n<p>SIDC,\u00a0a\u00a0subsidiary of\u00a0\u00a0Orascom Construction Plc, will hold a 25% stake in the project company.<\/p>\n<p>The\u00a0<strong>CEO of Orascom Construction,\u00a0Osama Bishai,<\/strong>\u00a0said:\u00a0<em>&#8220;This project paves the way for a successful partnership between two leading public and private sector entities that aims to increase new industrial investments in Egypt.&#8221;<\/em><\/p>\n<p>Meanwhile, the\u00a0<strong>Chairman of NBE,\u00a0Hisham Okasha,<\/strong>\u00a0commented:\u00a0<em>&#8220;The industrial park development project is in line with the strategy of ACH and NBE Group to directly contribute to\u00a0industrial\u00a0localization.&#8221;<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Suez Industrial Development Company (SIDC) has signed an agreement with Al Ahly Capital Holding (ACH), an investment arm of the National Bank of Egypt (NBE), to jointly establish an industrial park in Abu Rawash (Giza) in Egypt.<\/p>\n","protected":false},"author":4,"featured_media":325501,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[24,33],"tags":[],"class_list":["post-325500","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development-partners","category-main"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - 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