Al Dahra and MOPCO launch first river shipment of fertilizers to support agricultural projects in Toshka
The fertilizer shipment departed from Damietta Port aboard the river unit "Nile 5," operated by the National Nile Company for River Transportation, heading toward Al-Aqab area in Aswan and then on to Toshka. Nile 5 will then return to Alexandria with produce bound for export, thus completing its round trip. This initiative supports the directive of the Ministry of Transport to activate multimodal transport and promote the Nile as a safe, efficient, and low-cost logistics corridor, supporting farmers and meeting local market demand.
This achievement, delivered in cooperation with the Damietta Port Authority and MOPCO, exemplifies the unique cooperation among the port authority, MOPCO, and Al Dahra. Al Dahra Agriculture holds significant investments in the area, owning approximately 37,000 feddans as well as additional farms in East Al-Owainat.
For his part, Eng. Raouf Tawfik, CEO of Al Dahra Agriculture – Egypt, stated: "We are proud to participate in this integrated model linking industry, agriculture, and logistics, and we highly value the efforts of the Ministries of Petroleum and Transport, the Port Authority, and our partner, MOPCO.'
It is worth noting that this step also supports MOPCO's strategy to expand nationwide distribution and promote free trade to bolster the local economy. This successful trial advances environmentally friendly, cost-effective river transport and reaffirms MOPCO's commitment to boosting agriculture in Upper Egypt, ensuring rapid fertilizer delivery, in addition to easing pressure on roads under the national sustainable-development plan.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
22 minutes ago
- Zawya
DAMAC brings luxury to life in Egypt's North Coast: A showcase of DAMAC's signature projects, opportunities for timely investments
Cairo: DAMAC Properties, UAE's leading real estate developer with a global footprint, will bring its signature and luxurious developments to Egypt's North Coast for a month-long activation at The G Hotel. Running from 8 August to 6 September 2025, the activation will offer a unique and private setting for valued clients and brokers across Egypt to explore DAMAC's signature developments in a dynamic and personalised environment. El Sahel, North Coast Egypt, has firmly established itself as Egypt's premier luxury destination, especially during the summer peak. The showcase by DAMAC will present a valuable opportunity for affluent residents, high-net-worth vacationers, and real estate investors to dive into DAMAC's portfolio of properties in the UAE and beyond. Some of DAMAC's key projects on showcase will be Chelsea Residences by DAMAC, the iconic residential development born of its landmark global partnership with Chelsea F.C.; Canal Crown; Safa Gate, redefining the essence of Dubai's opulent living on Sheikh Zayed Road; Lagoon Views, an Aqua-themed apartment complex offering a host of water-inspired amenities and Riverside Views, located within the newly launched DAMAC Riverside community blending urban convenience with suburban charm. Hany Kotat, Vice President of International Sales at DAMAC, stated, 'We are thrilled to bring our luxury offerings to the North Coast of Egypt. This event underscores our commitment to the Egyptian market, which holds significant potential for growth and investment. We recognise the increasing interest from Egyptian investors in high-quality real estate, and we are excited to showcase our portfolio that meets their aspirations for luxury living.' Throughout this month-long campaign, DAMAC will reinforce its commitment to quality, customer experience, and timely delivery, bringing its established portfolio closer to investors and buyers in Egypt. The Dubai residential property market continues to perform impressively, building on the momentum seen throughout 2024. According to the latest H1 2025 Residential Market Report by Property Monitor Group, both prices and transaction volumes remain elevated across segments, with sustained interest in both off-plan and resale properties. The showcase will feature some of DAMAC's key developments, including Chelsea Residences by DAMAC- An iconic residential development resulting from a landmark global partnership with Chelsea F.C, Canal Crown- A stunning project that redefines luxury living in Dubai, Safa Gate- An exquisite offering on Sheikh Zayed Road, epitomizing opulent living, Lagoon Views- An aqua-themed apartment complex with a host of water-inspired amenities and, Riverside Views- Nestled within the newly launched DAMAC Riverside community, blending urban convenience with suburban charm. DAMAC Properties has been at the forefront of the Middle East's luxury real estate market since 2002, delivering award-winning residential, commercial and leisure properties across the region and internationally, including in the UAE, Saudi Arabia, Qatar, Jordan, Lebanon, Iraq, Angola, the Maldives, the United States, as well as the United Kingdom. DAMAC delivered more than 48,000 homes with over 50,000 more in diverse planning and development phases. Joining forces with some of the world's eminent fashion and lifestyle brands to create tremendous living experiences, such as with Versace, Roberto Cavalli, or de GRISOGONO. With a consistent vision and momentum, DAMAC is building the next generation of luxury living across the globe.
Zawya
an hour ago
- Zawya
Turner & Townsend acquires ValueMetric Consultants
Global professional services company, Turner & Townsend, has acquired Egypt-based cost management and quantity surveying specialist, ValueMetric Consultants (VMC). This acquisition marks an exciting opportunity for Turner & Townsend to expand its quantity surveying and commercial advisory services into Egypt - a new and dynamic market for the firm. This strategic move strengthens the company's regional footprint and enables Turner & Townsend to bring its globally recognised expertise to support Egypt's growing real estate and infrastructure sectors. Founded in Cairo, ValueMetric Consultants (VMC) is a privately-owned construction consultancy with a strong reputation for delivering high-impact cost and commercial advisory services across Egypt's property development and infrastructure sectors, with a proven track record across Greater Cairo, the North Coast, the Nile Delta, and the Red Sea region. Under the leadership of Ayman El-Ghazzawi, VMC's 20 strong team of experts provide clients with commercial insight, attention to detail, and an ability to add clarity and value through a project's lifecycle. This acquisition establishes a robust cost and commercial advisory offering in Egypt and strengthens Turner & Townsend's existing team of over 1,000 experts across the Middle East. Ayman El-Ghazzawi will take on the role of Country Manager for Turner & Townsend Egypt, reporting to Alan Talabani, Managing Director for the Middle East. Ayman has a longstanding relationship with Turner & Townsend, having previously worked in the company's UK business. Alan Talabani, Regional Managing Director, Middle East, Turner & Townsend, said: ' I am pleased to welcome our new colleagues from ValueMetric Consultants to Turner & Townsend. This acquisition marks an exciting milestone as we expand our cost and commercial management offering into Egypt, a market full of opportunity and potential. 'As investment continues to accelerate across key real estate sectors in the Middle East, this allows us to strengthen our presence in North Africa and enhance the support we provide our clients across the region.' Ayman El-Ghazzawi, Managing Director, ValueMetric Consultants, Egypt, added: ' We share a passion for delivering exceptional client outcomes through collaboration and making a sustainable impact across the industry. 'In combining our deep expertise in cost management with the strength and capability of Turner & Townsend, we are ensuring that we continue to set the bar high for our clients and their projects. 'Our aligned growth strategies reinforce the rationale for combining our businesses. I am excited about the opportunities this will create for our team and our clients.' Turner & Townsend has been a trusted partner in the Middle East for over 40 years, helping developers, governments, and corporates deliver their growth ambitions. With offices in Abu Dhabi, Dubai, Doha, Jeddah, Riyadh, and Al Khobar, the company supports clients and projects across the Gulf region. Its independent advice, global expertise, and commitment to service excellence have helped shape the built environment across the region, creating infrastructure that connects people and places, and developing environments where communities can live, work, learn, and thrive. For more information please contact: Lois Ackerley Turner & Townsend E About Turner & Townsend Turner & Townsend is a global professional services company with over 22,000 people in more than 60 countries. Working with clients across real estate, infrastructure, energy and natural resources, Turner & Townsend specialises in major programmes, project, cost and commercial management, project controls and performance, net zero and digital solutions, in markets around the world. Turner & Townsend is majority-owned by CBRE Group, Inc., the world's largest commercial real estate services and investment firm, with its partners holding a significant non-controlling interest. Please visit our website: About ValueMetric Consultants ValueMetric Consultants is a privately-owned construction consultancy headquartered in Cairo, Egypt. The firm provides specialist services in cost management, quantity surveying, and commercial advisory across the real estate and infrastructure sectors. ValueMetric Consultants operates throughout Greater Cairo, the North Coast, the Nile Delta, and the Red Sea region, with a growing presence across the Middle East. The consultancy is regulated by the Royal Institution of Chartered Surveyors (RICS) and is recognised for its commitment to international standards. The firm supports clients from project inception through to completion, delivering cost certainty and commercial insight across all stages of development.
Zawya
an hour ago
- Zawya
Egypt: Housing and Development Bank posts 60.1% surge in H1 2025 consolidated profits
Arab Finance: Housing and Development Bank reported consolidated net income after tax valued at EGP 9.560 billion in the first half (H1) of 2025, an annual surge of 60.1% from EGP 5.971 billion, according to the financial indicators. Basic earnings per share (EPS) increased to EGP 17.96 in H1 2025 from EGP 11.21 in H1 2024, while the interest income hiked by 54.2% to EGP 19.294 billion from EGP 12.514 billion. As for the standalone results, the net interest income after tax hit EGP 8.927 billion at the end of June 2025, up 73.1% year-on-year (YoY) from EGP 5.158 billion. Housing and Development Bank reported non-consolidated interest income worth EGP 19.302 billion in the first six months of 2025, higher by 54.1% YoY than EGP 12.523 billion. Standalone profits per share climbed to EGP 15.07 from EGP 8.52. © 2025 All Rights Reserved Arab Finance For Information Technology Provided by SyndiGate Media Inc. (
