LEGISLATION-

The revamped Old Rent Law is now law of the land: President Abdel Fattah El Sisi on Monday signed into law amendments to the Old Rent Law, according to the Official Gazette. That act regulates the relationship between owners and tenants of old buildings.

REFRESHER: The legislation sets a seven-year transitional period for tenants to vacate residential units and five years for non-residential units rented by individuals, after which all old rent contracts will be scrapped. Rents will rise gradually during the transition and a digital platform will soon be launched to register tenant data and help assess the need for state housing. We have the full rundown on the amendments here.

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INVESTMENT-

Could Vietnam become a gateway for Egyptian exports to Asia? Investment Minister Hassan El Khatib discussed ways to deepen Egyptian-Vietnamese economic ties in a meeting with Vietnamese Deputy Industry and Trade Minister Phan Thi Thang, according to a statement. The two sides explored boosting investment and trade, with El Khatib pitching Egypt as a competitive industrial hub for regional and international exports.

Tapping into Vietnam’s market — and expertise: Egypt sees an opportunity to use Vietnam as a springboard into Asian markets — and is positioning itself as a gateway for Vietnamese products heading to African, Arab, and European markets. El Khatib also pointed to potential cooperation in logistics and halal certification, offering technical training to help Vietnamese companies meet Egyptian and regional standards. Both sides discussed exchanging expertise and deepening collaboration in priority sectors like textile and energy.

On the sidelines: The meeting came on the sidelines of Vietnamese President Luong Cuong’sstate visit to Egypt, which aimed to boost cooperation on trade, investment, education, and green energy.

MANUFACTURING-

#1- El Khanagry Group’s Egyptian Auto Feeding will invest EGP 3 bn to set up three plants to manufacture vehicle axles. The company is targeting local assemblers, Al Mal cites Raafat El Khanagery as saying. The new factories will be located in Sadat City, Cairo and New October.

#2- IGI Groups’ Income is setting up a EUR 90 mn complex to process kaolin sand in Ain Sokhna, according to a statement. The project will produce industrial products from kaolin sand — a fine clay used in ceramics, paper, paint, and pharma. Silica sand is used in glassmaking, water filtration systems, and construction.

RENEWABLES-

Mitsubishi Power has completed Egypt and MENA’s first industrial-scale hydrogen conversion project at the Alexandria National Refining and Petrochemicals Company (ANRPC) refinery, according to a press release. The turnkey project saw Mitsubishi Power rehabilitate and upgrade a 100-ton/hour boiler to run entirely on hydrogen instead of heavy fuel oil and natural gas. The project is expected to reduce CO2 emissions by 65k tons per year.

DEFENSE-

Egypt has been approved to join Turkey’s fifth-generation KAAN fighter jet development program, defense industry publication Tactical Report says. The report, which has gotten wide pickup says that the partnership would enable Egypt to co-produce and manufacture the Turkish Aerospace Industries-developed jet. An MoU on the partnership will reportedly be inked in late 2025.

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