MANUFACTURING-

#1- Spanish water pump manufacturing firm Hydroo is mulling setting up its first water pump factory in the country under a USD 60 mn partnership agreement with the Housing Ministry, Asharq Business reports, citing an unnamed official. The plant will supply pumps for the Hayah Karima rural development program and seawater desalination plants. The government is considering New Alamein or Ain Sokhna as potential sites, with more details expected soon.

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#2- The government is studying a temporary 200-day safeguard tariff on hot-rolled steel imports, Asharq Business reports, citing an unspecified government document. The proposed 13.6% tariff is meant to address the damage caused by a recent glut of these imports that undercut local producers.

#3- Chemical industries and fertilizer manufacturer Polyserve Group is considering investments of up to USD 500 mn in new projects, Hapi Journal reports, citing Vice Chairman Abdelsalam El Gabaly.

Planned projects: The company is studying the production of phosphate fertilizers from sulfuric and phosphoric acids with investments of USD 400-500 mn and a USD 40 mn potassium production project. Both projects are expected to be implemented over 24-30 months.

DIPLOMACY-

Tunisia’s PM was in town: President Abdel Fattah El Sisi met yesterday with Tunisian Prime Minister Sarah Zafrani to discuss boosting relations ahead of the upcoming Egypt–Tunisia Joint Higher Committee meeting in Cairo, according to an Ittihadiya statement.

DATA POINT- The two countries are looking to double trade volumes to USD 1 bn within the next two years, Prime Minister Moustafa Madbouly said during his weekly presser yesterday (watch, runtime: 45:37).

SPORTS-

Mo Salah’s museum will finally see the light: The Sports Ministry will partner up with sports investment firm Estadat to build the long-delayed Mohamed Salah Museum in Cairo’s Gezira Youth Center, with investments of EGP 300 mn, Sports Minister Ashraf Sobhy told Al Borsa. The project — first announced in 2019 — is now slated to break ground in January 2026, with the total cost split equally between the ministry and Estadat. The museum, which will celebrate Salah’s career, will charge an entry fee starting at EGP 250.

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