MANUFACTURING-

#1- China’s New Hope Group is exploring a USD 100 mn investment to establish a feed production complex in an industrial zone, according to a Local Development Ministry statement. The company, which has five factories in Egypt producing some 650k tons of feed annually, plans to expand production to 1 mn tons

#2- FutureFert is set to launch the first phase of its USD 40 mn fertilizer plant after receiving a golden license for the project from the cabinet, according to a statement. The fertilizer manufacturing arm of UAE-based Sharkia Group will begin operations of the project in the Gulf of Suez in January 2026. The company plans to export at least 70% of its production to global markets.

RETAIL-

Madinet Masr and Carrefour ink agreement to develop branch in Taj City: Real estate player Madinet Masr has signed an agreement with Carrefour franchiser Majid Al Futtaim to develop a branch of the supermarket chain in Taj City under a nine-year lease contract, according to a press release (pdf). The project is expected to cost some EGP 500 mn.

ALSO FROM MADINET MASR- Madinet Masr plans to develop two hotels in its Taj City project in New Cairo by 2025, the developer’s managing director Abdullah Sallam told Al Borsa. Construction work on the first hotel is set to begin by the end of next year, with studies underway to finalize capacity, Salam added. Madinet Masr also aims to invest EGP 20 bn in construction across its projects in 2025, according to Salam, doubling its EGP 10 bn spend on developments this year.

ENERGY-

#1- Companies operating in freezones and other economic zones will pay for natural gas in USD, according to a decision published in the Official Gazette. The decision stipulates that power stations must charge a rate of USD 4 per mn British thermal units, with businesses outside the freezones set to pay the equivalent amount in EGP based on the Central Bank of Egypt’s average exchange rate for the prior month.

#2- American oil giant Halliburton is working to bring three gas well online in 1H 2025, as part of the company’s Burullus project in the West Delta, an unnamed official told Al Arabiya. The project is set to add 150 mn cubic feet of natural gas per day to the company’s production.

INVESTMENT-

#1- Yemen’s Al Kbous Tea plans to invest c.USD 30 mn in Egypt over the next two years to boost production capacity and upgrade machinery, Amwal Al Ghad reports. The investment includes a USD 14 mn coffee factory, spanning 10k sqm, in Sixth of October City set to open in 2027.

#2- Egyptian pasta-maker Egyptian Swiss Group is planning to invest USD 10 mn to expand production capacity and global reach by 2026, targeting a 25% increase in output by 2025, General Manager Ahmed El Sebai told Hapi Journal. The company plans to add new production lines and enter West and South African markets.

INFRASTRUCTURE-

Innovo’s Egypt arm partnered with the Gabonese government to execute two infrastructure projects worth EUR 350 mn, Al Mal reports. The projects include a stormwater drainage system and wastewater treatment plant in Port-Gentil and road lighting on the Port-Gentil-Omboué highway.

WASTE MANAGEMENT-

Qalaa Holding’s waste management company Ecaru will close and rehabilitate the Qalabshu landfill in Dakahlia as part of the Kitchener Drain Project, under a EUR 10 mn agreement inked with the Local Development Ministry, according to a ministry statement.

AUTOMOTIVE-

The government has allocated land for Kasrawy Group and Alkan Auto subsidiary Egyptian International Motors to establish car assembly plants in Sixth of October City, unnamed government sources told Al Mal. Kasrawy announced plans to begin locally assembling Chinese Jetour and Jac car models in September, while EIM will be assembling a Kia sports sedan and SUV alongside BAIC car models at its new facility.

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