23 November 2015       Download

Qalaa Holdings (CCAP.CA on the Egyptian Exchange), an African leader in infrastructure and industry, announced today its Mashreq business unit is currently negotiating the termination of a concession agreement with the General Authority of the Suez Canal Economic Zone. The parties have agreed that the concession’s termination will see the Authority repay all costs incurred by Mashreq related to the development, with the latter handing over the concession’s land and all associated designs.