top of page

Before Sunday Session: Alexandria Port Hits Record Income and ORHD Makadi Land

Alexandria Port Achieves Record Income of EGP 1.5 Million in May, Says Deputy PM Kamel El-Wazir


Lieutenant General Kamel El-Wazir, Deputy Prime Minister for Industrial Development and Minister of Transport and Industry, announced on Thursday, July 4, 2024, that Alexandria Port achieved record income in May, totaling EGP 1.5 million. This milestone, reported by multiple news and media sources, was reached following the addition and operation of the Tahya Masr Terminal. Sources: AL Mall News - Youm7 - El watan.



Orascom Development Egypt Secures Extended Development Timeline for Makadi Heights



Cairo, July 4, 2024 – Orascom Development Egypt (ORHD) announced that its subsidiary, Makadi Heights for Tourism Development, has accepted the Egyptian Tourism Development Authority's (TDA) request for an additional payment of USD 5.6 million. This payment secures an 8-year extension for developing Makadi Heights' remaining land bank. The sum includes a USD 1.1 million downpayment, with the remaining USD 4.5 million to be paid over ten years in equal installments. This extension will allow ORHD to revise the master plan, extend sales launches, strategize commercial areas, and enhance value creation for clients and shareholders.


Source: Company Disclosure






Disclaimer and Terms of Use


The data provided on any page at www.egvest.com aren't for any investment decision or taking any action of buy or sell of any asset or investments of any type; the information on this page has been obtained from sources that EGEVST believed to be reliable, we have not independently verified such information, and it may not be accurate or complete.

EGVEST.com published a delayed feed for the Egyptian stock exchange executed stocks and its leading indices through a previous contract with EGID "Egypt for Information Dissemination" the delayed feed is referred to below as "information."

The "information" displayed and published by EGVEST.com could lead to financial losses. It should be used on a personal and only personal responsibility. The "information" contains simplified mathematical calculations that clarify, simplify, and classify the "information" without using any financial valuation methods and don't represent any recommendation to buy, sell or hold financial assets.

The Data source is the Central Bank of Egypt website and on this system for display only without any analysis or recommendations






Comments


bottom of page