MANUFACTURING–

Turkish company Klepsam is planning to build the country’s largest sanitary ware factory, Egyptian-Turkish Business Council member Matta Bishay told EnterpriseAM. Bishay will soon hold a meeting with Industry Minister Kamel El Wazir to discuss allocating a 30k sqm plot of land in October City for the project that will see investments of USD 7-10 mn in its first phase to manufacture water meters, which are currently heavily imported.

DIPLOMACY-

Kenyan President William Ruto became the first Kenyan president to make a state visit to Egypt yesterday in a trip that saw him meet with President Abdel Fattah El Sisi and ink an agreement to raise relations to a strategic and comprehensive partnership, according to a statement from the Kenyan presidency.

The visit also saw the country ink 12 agreements covering trade, investment, education, technology, gender equality, maritime partnerships, and urban development, with ongoing discussions to finalize deals on customs cooperation, security, tourism, mining, and the blue economy. President Ruto also emphasized the need to eliminate trade barriers, streamline regulations to boost economic collaboration, and strengthen the institutions of the African Union.

EXPANSION-

Local restaurant management solutions provider Fodista plans to expand into the UAE and Saudi Arabia in 2025, co-founder Hussein Aboaziz told Al Mal. The company — launched in April 2024 — also wants to expand domestically, with plans to step into Port Said, Suez, Ismailia, and Hurghada.

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