REAL ESTATE-

Al Ahly Sabbour wants a piece of Ras El Hekma: Egyptian real estate developer AlAhly Sabbour plans to purchase 1k feddans in the Ras El Hekma project for an urban and tourism project, chairman Ahmed Sabbour told Al Arabiya Business.

INFRASTRUCTURE-

Kharafi to boost the capacity of Roubiki Leather City’s sewage plant: KharafiNational, a subsidiary of Kuwait’s M.A. Kharafi & Sons, has inked an EGP 2.8 bn agreement with the Egyptian government to triple the capacity of the sewage treatment plant in Roubiki Leather City to 24k cubic meters per day, according to a statement. The upgrade will take two years to implement.

TELECOMS-

A better-connected Egypt? Homegrown satellite operator Nilesat has purchased a satellite ground network system — dubbed JUPITER — from a US-based broadband satellite services provider Hughes, according to a statement. The system aims to provide satellite broadband connectivity in Egypt and mainly aims to provide internet access to rural areas.

DIPLOMACY-

Spanish Foreign Minister José Manuel Albares was in town, where he held discussions centered around the situation in Gaza and Egyptian-Spanish cooperation with President Abdel Fattah El Sisi and Foreign Minister Sameh Shoukry. A ceasefire in Gaza is the “first step” to a two-state solution, Albares said during his joint presser (watch, runtime: 31:14) with Shoukry.

MANUFACTURING-

More on Agthia’s plan to make Egypt an export hub: ADQ-owned Emirati F&B company Agthia plans to set up an export facility in Egypt to serve markets in the Gulf and North Africa, Mubarak Al Mansoori, head of the company’s snack sector and government relations, told the Middle East News Agency. No details were given on the project’s value, location or timeline.

This isn’t the first time Agthia mentions its plan: Last year, Agthia unveiled its plans to make Egypt an export hub for its products.

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