M&A WATCH-

Orascom Investment Holding (OIH) finalized its EGP 502 mn acquisition of Misr for Entertainment Investments, giving it 100% ownership of the company, it announced in a statement. ADSERO – Ragy Soliman & Partners acted as counsel on the transaction.

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The portfolio: OIH will also own Misr for Entertainment Investments’ subsidiaries, which include the Egyptian Company for Nutrition & Services (Abela Misr), Pier 88 Cairo for Touristic Restaurants, Pier 88 Touristic Establishments, Misr for Touristic Establishments, and Abela Train Services Misr.

REMEMBER- OIH’s general assembly approved the acquisition in July, which had been in theworks since last year, when the company’s non-executive expert directors and independent directors approved the acquisition in principle.

MANUFACTURING-

China’s Haiyan Ximei will invest USD 10 mn to develop a project to manufacture packaging and printing materials for clothes, according to a statement from the Suez Canal Economic Zone. The factory in the Qantara West Industrial Zone will create 160 direct jobs and earmark 70% of production for export

LOGISTICS-

Canadian logistics service company IMGS Group and Chinese agriculture and food solutions provider Famsun are mulling opening a global food logistics center, according to a Suez Canal Authority statement. The project in partnership with the authority would be situated in Port Fouad and support the country’s food security. A cooperation protocol to begin developing the project will soon be signed, according to the statement.

HOSPITALITY-

Local real estate leader Mountain View launched its hospitality arm Mountain View Hospitality, the company said in a statement (pdf). The launch of the independent company coincided with the launch of Mountain View’s KIN Hotel on the North Coast — a first for the developer.

What they said: “The launch of Mountain View Hospitality represents a strategic step that reflects our vision and effective contribution to driving the Egyptian economy. We are not just establishing a new company, but rather investing in a giant sector whose value exceeded USD 20 bn in 2025 and is expected to rise to more than USD 28 bn by 2030,” said Mountain View Chairman Amr Soliman.

EXPANSIONS-

#1- Elsewedy Electric’s Elsewedy Electric Power Systems Projects laid the foundation for its combined cycle gas turbine unit in Hungary, the company said in a statement (pdf). The 520 MW hydrogen-ready unit will be the country’s largest combined cycle gas turbine when it is completed in 2028.

Elsewedy Electric will deliver 50% of the engineering works and supplies needed for the EUR 700 mn project. The project marks Elsewedy Electric’s first venture in Europe.

What they said:“Our journey in Hungary represents far more than the construction of a power plant — it is a commitment to enabling sustainable energy transitions around the globe,” said Elwewedy Electric CEO Ahmed Elsewedy.

#2- State-owned Petrojet has secured a SAR 600 mn (USD 160 mn) contract for infrastructure works at the King Saud Air Base in Saudi Arabia, Asharq Business reports, citing an unnamed official. The work includes connections, protection networks, and linking drainage and water lines for a power station.

DEVELOPMENT FINANCE-

Egypt is among 13 countries in line for USD 634 mn in green financing from the European Bank of Reconstruction and Development, the lender said in a statement. Jordan and Morocco are also getting a piece of the funds under the newly-launched Greening Financial Systems: Delivering Climate Finance for All program.

DIPLOMACY-

#1- Egypt praised the UN General Assembly’s vote to agree to steps toward a two-state solution to the Israeli-Palestinian conflict, the Foreign Ministry said in a statement. The votes in support of the motion from 142 nations shows “compelling evidence of the widespread international support for legitimate Palestinian rights,” according to the statement. The only nations to vote against the resolutions were the US, Israel, Argentina, Hungary, Papua New Guinea, Paraguay, Tonga, Micronesia, Nauru, and Palau — representing just 5.2% of the world’s population by our math.

#2- Egypt, UAE, Saudi Arabia, and the US issued a Sudan peace plan, which followed weeks of negotiations between the four countries — that have all had long-standing differences on the issue — according to a joint statement. The four countries called for an initial three-month truce, followed by a permanent ceasefire and nine-month transitional process to develop an independent civilian government.

#3- Eight agreements were signed during the Egyptian-Tunisian Joint High Committee last week, according to a statement. The agreements inked during Tunisian Prime Minister Sarah Zafrani’s visit to the country last week included MoUs on health and medicine, youth and sports, export development, social affairs, MSME development, consumer protection, and diplomatic cooperation.

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