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Toshka is getting a USD 120 mn logistics zone. The General Authority for Land and Dry Ports is seeking tenders for the establishment, management, and operation of the specialized logistics zone in Aswan, Al Borsa reports. The authority is seeking agricultural and agro-processing companies to establish the facility on a 1 mn sqm plot of land. The deadline for receiving applications is the end of October 2026.
Prioritizing agricultural storage and trade: The project aims to establish cold storage infrastructure for crops, silos for grain and cereals, and processing and packaging centers. Container and truck handling yards will also be built to organize commercial transport movement between Egypt and African markets. The zone will support agro-linked light industries, including equipment assembly, fertilizer packaging, and recycling agricultural waste into feed or clean energy.
More investment for Upper Egypt: Refrigeration and nearby silos would help prevent spoilage under the desert heat prior to transit, which should help ease some of the logistical difficulties that trouble agricultural and land reclamation projects in the area, including the EGP 4.7 bn five-year initiative by our friends at Sekem.
El Nasr Automotive teams up with China's FAW to revive its brand
El Nasr Automotive signed a strategic partnership with China’s FAW Car Group to manufacture a range of vehicles under the El Nasr brand, according to a cabinet statement.
BACKGROUND- El Nasr returned to manufacturing in 2024 after a 15-year production hiatus, beginning with two electric buses — the Nasr Sky tourist bus and the Nasr Star minibus. The FAW deal is one of El Nasr’s first major international passenger vehicle partnerships since its revival, and adds to a growing list of global automakers — including GM, Toyota, and Stellantis — that have established local footholds in recent years.
Making waves
Egypt is setting the stage for a new international yacht marina at Kilo 92 on the North Coast, bringing another luxury mega-project to our Mediterranean shoreline. The Higher Committee for Shore Licensing has greenlit the project after it cleared all technical and environmental regulatory reviews, according to a statement from the Water Ministry. Jurisdiction over the project has been handed to the Armed Forces Land Projects Agency.
IN CONTEXT- The new marina is in line with the Madbouly government’s efforts to capture the lucrative Mediterranean yachting crowd and expand its tourism receipts beyond traditional Red Sea hotspots. By monetizing prime coastal real estate, the state aims to secure foreign currency inflows, echoing the blueprint of Qatar’s massive USD 29.7 bn Alam El Roum project.
Digital Group eyes local tech players
Netherlands-based cybersecurity provider Digital Group is lining up USD 2 mn to acquire at least a 30% stake in two unnamed local tech startups next year, Al Mal reports. The self-financed acquisitions aim to tap into local engineering talent and fast-track the group’s expansion into the regional digital solutions market.
