Raya Holding’s Raya Electronics plans to expand into 10 new governorates next year, after inaugurating one of the biggest electronic stores in New Cairo, it said in a statement, pdf) yesterday.

Orascom Construction will build, own, and operate a EGP 1 bn warehouse in Fayoum for grain and other basic commodity storage as part of the four-warehouse agreement the Supply Ministry signed earlier this week. (Statement, pdf)

CORRECTION- In yesterday’s edition of Hardhat, we incorrectly reported that the four warehouses our friends at Hassan Allam Utilities, Orascom Construction, and Samcrete will cost a combined EGP 12 bn. The warehouses are each expected to cost EGP 1 bn, bringing the total cost to EGP 4 bn. We apologize for the error. The story has since been updated on our web edition.

Other things we’re keeping an eye on this morning:

  • CVC Capital Partners and Sunny Varkey are looking to sell their stakes in global private school operator GEMS Education in a transaction that could value the company at up to USD 6 bn. (Bloomberg)
  • EFG Hermes’ consumer finance arm valU will offer payment solutions on new memberships for Heliopolis Sporting Club at El Shorouk City. (Statement, pdf)
  • EgyptAir is offering Egyptian expat families better pricing on all tickets to and from Egypt. The offer applies to bookings starting 1 October until the end of September 2023. (Statement | watch, runtime: 2:06)
  • Egypt has imported some 3.5 mn tons of wheat since the beginning of FY 2022-2023. (Hapi Journal)
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