EXPANSION-

#1- Infinity Libya brings the country’s first solar plant online: Infinity Libya — a subsidiary of Infinity Group — has completed and delivered Libya’s first 1 MW solar power plant in Kufra, according to a press release(pdf). The project was finalized ahead of schedule and is now fully operational — running entirely by Infinity Libya-trained local engineers.

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The solar plant will supply clean electricity to the Al Jouf Freezone, generating up to 2.2 GWh annually and saving around 545k liters of diesel while cutting carbon emissions by some 1.3k tons per year.

#2- Pickalbatros to open new hotel in Morocco: Pickalbatros Hotels & will soon launch a 373-room Sun-Go Marrakech Hotel in Morocco, Regional Marketing Director Mohamed Eid told Property Plus. The hotel will target family travelers.

REMEMBER- Pickalbatros acquired four hotels in Morocco last year, bringing its portfolio there to seven hotels and 2.6k rooms, with further investment and expansion plans in the pipeline.

LOGISTICS-

The Export Council for Chemical Industries and Fertilizers is eyeing establishing a chemical storage and export hub in Libya, aiming to double its Tripoli-bound annual exports to USD 550 mn, council president Khaled Abu Al Makarem told Al Arabiya. The first phase of the proposed hub is reported to span 8k meters and will include large warehouse facilities designed to house chemical goods and fertilizers vital for building materials.

Trade in numbers: Egypt’s chemical exports to Libya reached USD 272 mn last year — with plastic products at the top with USD 103 mn, followed by ink and paint products at USD 94 mn, detergents at USD 36 mn, glass at USD 13 mn, and fertilizers at USD 11 mn.

PHARMA-

Egypt, Zambia mull joint pharma factory: The Egyptian Drug Authority (EDA) is studying a proposal to establish a joint pharma factory in Zambia in partnership with local player Wadi El Neel and Zambia’s Pendulum Estates, according to a statement from the authority. The project aims to boost regional pharma integration, transfer production know-how, and support Egypt’s positioning as a regional hub for the industry while bolstering drug security across the continent.

REAL ESTATE-

Al Ahly Sabbour to develop tourism project in Ras El Hekma: Real estate developer Al Ahly Sabbour inked an agreement with JDAR Developments to co-develop an integrated 80-feddan tourism project in Ras El Hekma, Shorouk News reported, citing sources it says are in the know. The plot is an extension of JDAR’s existing Sea View project. The first phase of the project was already launched for sale this summer.

PROPTECH-

Emtelaak partners with Fawry Dahab to digitize real estate payments: Fractional property investment platform Emtelaak signed a strategic partnership agreement with e-payments provider Fawry Dahab to offer integrated digital payment solutions to its clients, according to a company statement.

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