Complicit Dossier

State-owned and co-opted commercial entities · Foreign state-owned company (Holding Company for Construction and Development) · Egypt

South Valley Development Company (Egypt)

شركة جنوب الوادي للتنمية

  • Commercial or professional counterparty
  • Grade B: CorroboratedStrongest record: corroborated
  • 1 documented tie · 3 steps from the SAF

Commercial shareholder; no wartime conduct attributed to it.

The chairman of Egypt's Holding Company for Construction and Development told Al Mal that South Valley Development would take about 10% of the new company, 'equivalent to EGP 50 million'. The ministry statement of 4 June 2021 repeats the 10% and notes that South Valley 'has a large slaughterhouse and automated quarantine on the border'.

Response

No response is recorded. Named parties have not yet been asked for comment.

Records

1

Each record carries its own grade. A grade describes the source for that record, not the actor.

Grade B: Corroborated

10% shareholder of the Egyptian-Sudanese Company

2021 - present

The chairman of Egypt's Holding Company for Construction and Development told Al Mal that South Valley Development would take about 10% of the new company, 'equivalent to EGP 50 million'. The ministry statement of 4 June 2021 repeats the 10% and notes that South Valley 'has a large slaughterhouse and automated quarantine on the border'.

Response
No response sought by this desk; none found in the sources read.
  1. 1Al Mal, half a billion pounds capital for the Egyptian-Sudanese company (Arabic) · almalnews.com · 17 May 2021
  2. 2Al Mal, Supply Ministry: 60% Egyptian and 40% Sudanese shareholding in 'Development and Multiple Investments' company (Arabic) · almalnews.com · 4 Jun 2021
  3. 3Hapi Journal, Egyptian-Sudanese Company for Development and Multiple Investments founded with EGP 500m capital (Arabic) · hapijournal.com · 4 Jun 2021

NamesEgypt

1 more record below grade A (corroborated, single-source or unverified). Change “Evidence shown” to see it.

Relationships

2

← means the other party acts on this one; → means this one acts on the other.

Ownership and control · 2

2 more relationships below grade A (corroborated, single-source or unverified). Change “Evidence shown” to see them.

Geography

Tags come from the recorded jurisdiction and from place names in the records. Coordinates on the map are approximate.

Based in
Egypt

Position in the network

Derived by analysing the documented relationships. Nothing in this section is a finding.

Connected to the SAF through official or corroborated records.

›Possible links to investigate · 2