HOSPITALITY-

Hilton partners with Amazon Developments for new capital hotel: American hospitality giant Hilton Hotels & Resorts has inked a contract with the Egypt-focused Emirati real estate developer Amazon Developments to establish a hotel inside a tower it is constructing in the new capital, according to a press release cited in Al Mal. The 120-room hotel with four restaurants and a swimming pool is expected to open in 2026. Hilton is currently in the process doubling its presence in Egypt by building and opening 13 new hotels by 2028 as of March 2023.

HEALTHCARE-

The IFC could have a hand in increasing the private sector’s role in healthcare:Health Ministry officials held talks over the weekend with the International Finance Corporation (IFC) about expanding public-private partnerships in the healthcare sector, the ministry said yesterday.

Remember: The IFC is advising Egypt on its state privatization program.

ENERGY-

Jan De Nul inks Mediterranean link MoU: Belgian maritime services provider Jan DeNul will start studying a project to export renewable energy of at least 2 GW from Egypt to Europe via a Mediterranean link, under an MoU inked with the Egyptian Electricity Transmission Company (EETC) on Thursday, according to a cabinet statement. The cabinet greenlit the move last month.

** There are a number of other proposed Egypt-Europe interconnection projects in the works that we covered in a Going Green published earlier this year.

AVIATION-

EgyptAir announces new Cairo-Shanghai route: National carrier EgyptAir has started direct flights between Cairo International Airport and China’s Shanghai Pudong International Airport, the state-owned company said yesterday. Flights will run three times a week and increase the total number of weekly EgyptAir-operated flights to China to 16.

BARTER ECONOMY-

Oil-for-meds swap? The Export Council for Medical Industries is lobbying for a USD 300 mn swap agreement that would see Egypt receive oil from Venezuela in return for made-in-Egypt meds. Council chief Maged George is talking up the prospects of an agreement with Al Borsa and says the Oil Ministry is aware of the idea.

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