EXPANSION-

Alameda is headed to KSA: Local healthcare services provider Alameda Healthcare is planning to set up a 200-bed hospital in Saudi Arabia by 2026, CEO Neeraj Mishra told Al Arabiya. The company is evaluating potential sites in Riyadh, Jeddah, and Dammam for the project, which will focus on intensive care and potentially add long-term care services. The company has not yet decided whether to proceed through full ownership or partner with a Saudi entity, with Mishra declining to disclose investment figures and saying details would be announced in 2026.

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The company is pursuing an ambitious expansion strategy at home and abroad, with plans to add 72 beds to its Egyptian operations soon as well as to push into African markets, Mishra said. Alameda is looking into setting up representative outpatient clinics in Kenya before the end of 3Q 2025 and in Nigeria and Tanzania before the end of 4Q.

ICYMI- Alameda earmarked USD 245 mn last year for its local and regional expansion plans. In March, the healthcare services provider inked an agreement with Talaat Moustafa Group to build a EGP 5 bn, 200-bed hospital in East Cairo’s Madinaty by 2027.

LOGISTICS-

Egypt is looking to launch two new ro-ro shipping lines — one with Saudi Arabia and another with Turkey — before the end of 2025, General Authority for Investment and Freezones head Hossam Heiba told Asharq Business. This comes after the ro-ro line connecting Damietta Port with Italy’s Port of Trieste that started operating in late 2024 and reduced the time to send goods between the two ports to two and a half days, down from a previous six.

SOUND SMART- A roll-on/roll-off maritime line — known more commonly as just a ro-ro line — loads and unloads cargo using either trucks or platform vehicles and then unloads them using the same set of wheels. Instead of the more laborious use of cranes and containers, using a ramp and wheeled cargo helps to dramatically reduce shipping times and, in turn, cut down costs — especially for short routes across the Mediterranean or the Red Sea.

REAL ESTATE

IL Cazar launched its EGP 30 bn project in Ras El Hekma, The C, the local developer said in a statement (pdf). The launch marks IL Cazar’s second development in Ras El Hekma and its third overall in 2025. The project features residential units, standalone villas, twin houses, chalets, penthouses, and private beach cabins.

LEGISLATION-

MPs approve additional spending for the current fiscal year: The House of Representatives greenlit an additional budget allocation of EGP 85 bn for the fiscal year 2024-2025 by giving final approval to a draft law authorizing additional spending, it said in a statement. The additional funding addresses the impact of the USD-EGP exchange rate rising to 49.65 from the budgeted 45. It also accounts for the higher-than-expected interest rates — which pushed the average borrowing rate on government debt instruments over the planned 25% and generated an additional EGP 57.1 bn in interest expenses.

Where is the money coming from? Proceeds from tax initiatives launched by the Finance Ministry to include the informal economy and resolve disputes, which have already brought in EGP 85 bn, will be directed toward financing this additional allocation, according to a document seen by EnterpriseAM.

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