RENEWABLES-

Cemex inks agreement to operate Assuit WtE facility: Cemex through its Regenera arm will process over 7k tons of municipal solid waste monthly into alternative fuel and organic fertilizer — its second waste-to-energy (WtE) project in the country — under an agreement inked with Assuit Governorate, Al Mal reports, citing a company statement. No further details of the project were revealed.

Not Cemex’s first WtE rodeo: Cemex took steps to establish its first waste conversion facility in Gharbia Governorate back in May, with the company signing a partnership agreement to manage and operate a non-hazardous waste recycling and processing plant in El Mahalla El Kubra.

Remember: We heard in August that the government is set to sign contracts collectively worth up to USD 1.2 bn with eight local-foreign consortiums to produce a total of 1.7 bn Kw/h of electricity from municipal solid waste across a number of governorates, Waste Management Regulatory Authority consultant Khaled Elfarra recently told Enterprise.

INVESTMENT-

Look out for some big ticket investments coming our way from Ezdehar: Egypt-based private equity firm Ezdehar Management plans to invest USD 100 mn over the coming two years through acquisitions in the retail, industrial, and export-heavy sector, Managing Director Emad Barsoum told Asharq Business. The investments will come from its Ezdehar Egypt Mid-Cap Fund II, which counts the European Bank for Reconstruction and Development, International Financing Corporation and others among its contributors.

AND- Dalydress to head to the Gulf? Ezdehar-owned local clothing brand Dalydress has plans to extend to the Saudi market next year, ahead of further expansions to the rest of the GCC, Barsoum added. Ezdehar purchased above 80% stake in clothing company SETA Textiles — the company behind Dalydress and Premoda — early this year.

EXPANSION-

Could NeoPay expand to Egypt? New majority owners of payment services provider NeoPay, Bahrain-based asset management firm Arcapita Group Holdings and Turkish fintech firm Dgpays, want to expand its services outside the UAE and into other GCC countries, Egypt, and Pakistan, Arcapita’s Managing Director of MENA Investment Yousif Al Abdalla told Al Arabiya. The expansion could happen through M&As with firms operating in the market, forming JVs with local banks, or acquiring the necessary license to operate in the new markets, he added.

Remember: Arcapita and Dgpays acquired 65% of Mashreq Bank’s payment subsidiary NeoPay earlier this month.

TRANSPORT-

Another phase of Cairo Metro Line 3 incoming: The National Tunnels Authority inked an MoU with a consortium led by French construction company Vinci to prepare the preliminary design and technical study for phase 4C of the Cairo Metro Line 3, according to a Transport Ministry statement. The construction includes French construction companies Vinci and Bouygues Group as well as local construction companies Arab Contractors and Orascom Construction. The new phase will extend from Heliopolis to Cairo International Airport.

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