EGYPT > USA based Archer Daniels Midland Company (ADM) and Cargill are set to launch a joint venture to provide soybean meal and oil in Egypt

Cargill logo Archer Daniels Midland Company and Cargill are launching a joint venture that would own and operate the National Vegetable Oil Company soy crush facility in Borg Al-Arab. The deal also includes a separate Switzerland-based merchandising operation that would supply soybeans to the crush plant and also all the related commercial and functional activities in Borg Al- Arab. Expansion of the plant from More …

EGYPT > Germany based Steigenberger Hotels and Resorts is set to expand its portfolio by establishing a hotel in Luxor, Egypt

Steigenberger logo Set to be located on the East Bank of the Nile, Steigenberger Hotels and Resorts is set to expand its portfolio by establishing a hotel in Luxor, Egypt by the third quarter of 2018. The hotel is set to have 281 rooms, suites and bungalows including six restaurants and bars, outdoor pool with a view of the Nile. The bungalow More …

EGYPT > IFC to Inject $20 Million in Hassan Allam Holding

international_finance_corporation_logo International Finance Corporation (IFC) plans to invest $20 MN for equity in Egyptian private construction company, Hassan Allam Holding. The investment will help Hassan Allam Holding to expand its equipment fleet and other construction related facilities as well as take partial ownership stakes in several long-term infrastructure projects in Egypt. It has history of construction of large-scale infrastructure projects such as power More …