MANUFACTURING-

Agro TH to build EGP 5 bn fertilizer plant in Sadat City: Local fertilizer player Agro TH plans to establish its second factory in Sadat City in partnership with an Omani investor with an estimated investment of EGP 5 bn, Chairman Hilal Al Deeb told AlMal. The plant, set for completion by 2028, will have an annual production capacity of 100k tons, with 15k tons earmarked for export to Sudan, the Democratic Republic of the Congo, Kenya, Tanzania, and Libya.

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HOSPITALITY-

#1- Hospitality giant Hilton will set up the continent’s first Signia Hotel and Signia Residence in West Cairo’s Skywalk, according to a press release(pdf). The 200-key hotel will include restaurants, a fitness center, and a spa and it will house one of Cairo’s largest meeting spaces — a 5k sqm space. Meanwhile, the residence will house another 200 rooms.

#2- Holding Company for Tourism and Hotels eyes new hotels: The government’s Holding Company for Tourism and Hotels is working toward adding 3k keys to its portfolio within the coming three years, Hapi Journal reports, citing remarks made by Chairman Amr Attia. The company’s expansion plans include a 200 room extension at its Jaz Belvedere resort in Sharm El Sheikh, ongoing excavation work for the reopening of the five-star, 300-key Grand Continental in Cairo, 160-room and 90-room hotels in Ras El Bar, a three-star hotel in El Mahalla El Kubra, and another hotel in Port Said.

IPO WATCH-

Royal Home wants to make its EGX debut: Local home appliances manufacturer Royal Home plans to list 20% of its shares on the EGX within the next 18 months, company CEO told Al Borsa. The company aims to use the proceeds to raise capital and expand. Royal Home has tapped Themar Securities Brokerage to manage the offering.

EXPANSIONS-

Apex Pharma launches Saudi drug factory: Local pharma firm Apex Pharma kicked off operations at its new Saudi factory in King Abdullah Economic City, Chairman Magdy Elba told Al Arabiya. The facility has begun producing select medications while awaiting approvals to start Saudi market sales. Elba expects commercial sales to kick off after the Hajj season, with plans to manufacture 10-14 pharma products this year.

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