Egyptian exporters sign USD 168 mn in China deals as tariff window opens

Egyptian exporters signed 17 contracts worth an estimated USD 168 mn with Chinese buyers covering flax, textile yarns, leather, copper, aluminum, sugarcane, and oranges, according to an Investment Ministry statement. The agreements were signed during the jointly sponsored Export to China event, which brought together 16 Chinese importers and around 40 representatives from Egyptian export sectors.

If fully executed, the agreements would be equivalent to roughly 20% of Egypt’s entire 2025 export haul to China, which stood at around USD 819 mn. The Egyptian Commercial Service’s Beijing and Shanghai offices will follow up on the implementation of the contracts, meaning the USD 168 mn figure is contract value rather than realized exports.

IN CONTEXT- China’s two-year zero-tariff window for eligible Egyptian exports kicked off on 1 May, giving local exporters a fresh opening into a market where Egypt still runs a sizable trade deficit. We looked in June at whether preferential access could translate into actual orders, with flax among the products identified as having export potential.

The silo race

The Egyptian Holding Company for Silos and Storage (EHCSS) plans to invest roughly EGP 7.5 bn this fiscal year to add 875k tons of grain storage capacity — split between 330k tons of newly built silos and 545k tons from completing existing projects, CEO Ashraf Sadek tells Al Borsa. The expansion is centered around wheat specifically, boosting the state’s ability to absorb larger volumes during local supply seasons while cutting losses from traditional storage methods. It also intends to allow the state more flexibility to hold larger reserves for longer, given volatility in global commodity markets and supply chains.

A storage race: EHCSS is not the only state entity racing to expand grain storage capacity right now. Mostaqbal Misr is separately building 100 silos in the New Delta with 500k tons of capacity, part of a larger 300-silo, 2 mn-ton program built with China’s Famsun. Both likely feed into the broader National Project of Silos, the same program behind EHCSS’s 60k-ton Ataqa silo.

Financing for faster development

Tatweer Misr secured EGP 3 bn in financing from Al Taamir for Leasing and Factoring (Aloula) to accelerate construction at its Fouka Bay and D-Bay projects on the North Coast, with EGP 1.5 bn allocated to each development, according to a press release. Fouka Bay is about 80% built and D-Bay 65%, with both slated for completion within two years. Al Taamir CEO Haitham Serag pointed to the North Coast’s growing weight as a tourism and investment draw as the rationale, noting the firm’s three-year-plus relationship with Tatweer Misr.

It’s the latest installment in a broader liquidity push we’ve been tracking: Tatweer Misr CEO Ahmed Shalaby told us last month that hedging against inflation is impossible, which is why the company launched its EGP 20 bn securitization program to keep construction funded. This latest facility follows the launch of SALT Marina, which ties Fouka Bay, D-Bay, and SALT together. It also comes after Tatweer Misr posted the sector’s strongest 1Q 2026 sales growth among the top 10 developers, with sales rising to EGP 43.8 bn from EGP 3.2 bn a year earlier. With Shalaby eyeing an EGX listing by 2027, keeping delivery on schedule is doing double duty as an investor pitch.

Another exit

Saudi VC Khwarizmi Ventures partially cashed out of Bosta, generating a net return of approximately 3x its total invested capital, the Riyadh-based firm said in a LinkedIn post, without naming the buyer, the price, or the stake sold. Khwarizmi said it invested in the Cairo-based last-mile logistics player three times, beginning with the company’s Series A and later leading one of its subsequent funding rounds.

That’s the second disclosed sell-down on Bosta’s register in three months. Beltone Venture Capital and UAE-based Citadel International Holdings exited through their joint fund in May at a 75% IRR, also without identifying a buyer, with Beltone holding on to a separate undisclosed stake through another vehicle.

REFRESHER- Bosta is preparing to float 20-30% of its equity on the EGX by year-end in a transaction valued at roughly EGP 8 bn (USD 160-170 mn), with EFG Hermes on the mandate.

The numbers still don’t match

The Alexandria Economic Court rejected a bankruptcy petition filed by QNB Alahli against El Ahram for Printing and Packaging, the EGX-listed company said in a disclosure (pdf). The petition pertained to EGP 62.3 mn in debt the bank says remains unpaid, plus 1.5% late interest from a 30 April 2024 due date.

El Ahram puts the debt on its own books at EGP 47.49 mn as of end-March, about EGP 14.81 mn below the amount cited in the petition by our math, per the company’s earlier disclosure (pdf). It said this month that it was in talks with the bank on a settlement outside the bankruptcy process. The company reported a net loss of EGP 1.51 mn in 1H 2026, against EGP 92.53 mn a year earlier.

More news on our radar

• Dubai-based parking operator Parkin is entering the Egyptian market through an MoU it signed with Modon Misr Asset and Facilities Management, Mowasalat Misr, and Redcon Properties to explore the development of a smart-parking ecosystem in Egypt. No financial terms were disclosed. (Statement)
• The New Urban Communities Authority has recovered more than 60 plots in Hadayek October worth roughly EGP 100 mn since the start of the year from owners that failed to pay state dues or meet required development conditions. (Al Arabiya)
• The Financial Regulatory Authority gave approval for Digital Banker Waiyak and CFH Asset Management to offer non-bank financial services using fintech. Waiyak was cleared for consumer finance while CFH was approved to manage securities portfolios and investment funds. (Statement)

(** Tap or click the headline above to read this story with all of the links to our background as well as external sources.)