LOGISTICS-

USD 29 mn cold storage hub coming to 6th of October: DP World and Elsewedy Industrial Development will set up a USD 29 mn cold storage facility in 6th of October, according to a statement seen by EnterpriseAM. The 16.2k sqm site will house eight climate-controlled chambers with 25k pallet positions for chilled and frozen goods, designed to meet international standards with an ammonia refrigeration system to cut energy use.

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Tying Egypt’s exporters to an integrated cold chain: DP World said the facility will plug into its Sokhna Port and freight-forwarding network, giving food exporters and manufacturers lower supply chain costs and direct access to Greater Cairo and export corridors. Elsewedy Industrial Development added the project is part of its plan to transform its industrial parks into fully integrated production-and-logistics hubs, boosting Egyptian exports’ competitiveness.

What is cold storage and could it be the future of Egypt’s storage industry? We dove into the topic in a Hardhat published earlier this month — check it out here.

EXPANSION-

#1- Qalaa Holding’s waste management company Ecaru is competing to set up two recycling projects in the UAE and Morocco, Ahmed Esmat, head of Ecaru’s planning and follow-up department, told Al Arabiya. The solid waste recycling plant in the UAE has an investment cost of USD 40 mn, while the Moroccan plant is expected to cost USD 25 mn.

The plants won’t be Ecaru’s first projects outside Egypt, having already established or currently establishing recycling projects in Saudi Arabia, Libya, Sudan, and Qatar.

#2- Our friends at Mashreq have officially launched Mashreq Pakistan, the lender’s first fully digital retail bank outside the UAE, marking a major step in the bank’s global expansion strategy, according to a statement. “Mashreq Bank Pakistan aims to offer unparalleled digital banking solutions, built to be fully Shariah compliant,” according to the statement.

Mashreq has earmarked USD 100 mn through 2025 to fund its operations in Pakistan, where it will also roll out Mashreq Neo retail and SME offerings to drive financial inclusion, cross-border remittances, and digital payments. The bank said it plans to double its Pakistani workforce of 415 over the coming years, positioning Pakistan as a hub for scalable digital innovation.

CAPITAL MARKETS-

CI Capital Holding’s CI Capital PE for Fund Management and Investment and solar and water firm Engazaat are launching a USD 200 mn green infrastructure fund, the two said in a jointstatement(pdf). The SAVE Fund will be the “first-of-its-kind green infrastructure investment fund” on the Abu Dhabi Global Market and will be followed by a mirror fund in Egypt to enable “broader investor participation and local and international capital mobilization.”

STARTUP WATCH-

#1- Local edtech Farid expanded into Saudi Arabia with the opening of a central operations office in Riyadh, the startup said in a statement (pdf). The company also inked a SAR 4.5 mn, three-year strategic partnership with Saudi human development organization Amad Association to train and certify 500 Saudi university graduates for careers in coaching and development, and provide specialized educational programs to more than 4k children and adolescents. The move marks the startup’s first regional expansion outside Egypt and comes ahead of a seed funding round in 4Q 2025, the company said.

REMEMBER- Farid secured USD 250k in a pre-seed round from Saudi businesswoman Amal bint Abdulaziz Al-Ajlan — who is also the chairwoman of Amad Association — in September of last year. The funding was set to help the company expand its platform, develop new content, recruit employees and trainers, and expand into Saudi Arabia and the UAE.

#2- Homegrown startup Duaya acquired fellow Egyptian healthtech EXMGO in a six-figure transaction, Duaya said in a statement (pdf). The acquisition will expand Duaya’s digital services by including EXMGO’s SaaS solutions for pharmacies and businesses, which has now been rebranded and relaunched as Duaya Go.

What they said: “The acquisition of EXMGO is part of our strategy to serve a larger segment of pharmacies and medical companies. It reflects our clear vision to digitize pharmacies and transform traditional sales operations into platform-based digital processes. This step will enhance market efficiency and deliver a seamless and professional purchasing experience for customers,” said CEO Ahmed Fazara.

Duaya has its eyes set on expanding into the Gulf in 2026 after reaching its target of 25k customers by the end of this year.

AVIATION-

Air Arabia Abu Dhabi will launch bi-weekly flights between Abu Dhabi and Assiut starting 4 November, the Emirati budget airline said in a statement. The new route, which marks the carrier’s third Egyptian destination, will run on Tuesdays and Fridays.

REAL ESTATE-

Mountain View launches a new mixed-use project in North Coast: Property developer Mountain View has launched its Crysta project in Sidi Abdel Rahman. The mixed-use coastal development will feature three main islands, boutique hotels and a full suite of residential, hospitality, and retail offerings.

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