MANUFACTURING-

A total of 36 fully equipped units are being offered up under the third phase of the Robbiki Leather City in Badr City, the Industry Ministry said in a statement. The units with factory sizes ranging from 121 to 2k sqm — for rent or ownership — will be on offer until 27 July through the Made in Egypt platform.

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HOSPITALITY-

China’s Gaund Holding Group is working towards launching its first floating hotel as part of a larger project of five floating hotels in Egypt, according to a Tourism Ministry statement. Representatives from the company met with officials from the ministry last year to discuss its Nile cruise plans in addition to facilitating charter flights from China to Egypt — and particularly the Red Sea — as part of a wider push to increase Chinese tourist traffic to Egypt.

M&A -

Orascom Investment Holding’s general assembly approved the EGP 502 mn acquisition of a 100% stake in Misr for Entertainment Investments, the company said in a disclosure (pdf) to the EGX. The agreement also covers the company’s subsidiaries and will be financed from internal resources.

The acquisition has been in the works since at least November 2024, when Orascom Investment Holding’s non-executive expert directors and independent directors approved the acquisition in principle and decided to hire an independent financial advisor to conduct a fair value study of the company.

EXPANSION-

#1- Egyptian contractors land Libyan contracts: Libya’s Reconstruction and Development Fund has signed contracts with Egypt’s Organi Group and Wadi El Nile Contracting to implement key infrastructure projects across several cities, Al Arabiya reports.

What’s in the pipeline? Wadi El Nile will handle the second phase of the Bakour bridge and road, electrical works along the Tobruk-Emssaed road, and surface works for the Cement Bridge and Tayara Island in Benghazi.

#2- BluEV targets Morocco expansion with USD 100 mn investment: Local e-mobility company BluEV plans to enter the Moroccan market before the end of this year with a USD 100 mn investment to roll out its electric motorcycle conversion platform, co-founder and CEO Rida Baalbaki told Asharq Business.

Part of a wider regional push: “Entering the Moroccan market is part of our gradual expansion strategy across North Africa and the Middle East,” Baalbaki said, adding that BluEV aims to expand its operations to cover all of Egypt within five years. The company currently operates over 50 battery-swapping stations in East Cairo, Alexandria, Ismailia, the North Coast, and Gouna.

AUTOMOTIVE-

GB Auto will start assembling one of China’s Great Wall Motor models in 4Q 2025, with plans to roll out 5-6k vehicles a year, Haval Franchise Assistant Vice President Mohamed Mourad told Asharq Business. The company is also planning to increase sales of Haval models by 128% y-o-y by the end of the calendar year, he added.

DIPLOMACY-

The Irrigation Ministry called out Ethiopia’s completion of the Grand Ethiopian Renaissance Dam as a violation of international law, as it lacked an agreement with Sudan and Egypt as downstream nations, according to a ministry statement. The ministry further called out “persistent lack of political will on the Ethiopian side” and accused the country of trying to “impose water hegemony, rather than embracing the principles of cooperation and equitable partnership.”

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