UAE’s Nas Investment Holding wants to more than doubling stake in EgyFert to 90%

Monday, 13 Jan 2025

UAE’s Nas Investment Holding wants to more than doubling stake in EgyFert to 90%

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M&A WATCH

UAE’s Nas Investment Holding wants to up its stake in EgyFert to 90%.

Automotive

Ezz Elsewedy Auto JV kicks off pilot runs of locally assembled Proton model ahead of mass production launch.

RETAIL

Edita utilizes existing distribution network with first third party distribution agreement.

Diplomacy

Foreign Minister Abdelatty attends Syria talks in Riyadh, condemns Israeli violations.

What We're Tracking Today

Qatari, Egyptian investors eye USD 100 mn steel and iron factory.

LAST NIGHT’S TALK SHOWS

The unified subsidies card system took the center stage on last night’s airwaves.

Also on our Radar

BP completes drilling of two new wells at its Raven natural gas field.

PLANET FINANCE

PE firms feasted on Europe’s depressed company valuations in 2024.

BLACKBOARD

Introducing CIRA Care: CIRA Education’s bid to transform the care economy in Egypt.

What We're Tracking Today

Qatari, Egyptian investors eye USD 100 mn steel and iron factory

Good morning, ladies and gentlemen. After a busy start to the week, the news cycle has shifted down a gear, giving us here at EnterpriseAM HQ a very welcome breather. But what today’s issue may lack in quantity, we hope we will make up with quality with exciting news of CIRA Education branching out into the care economy, Nas Investment Holding eyeing a 90% stake in EgyFert, and more in today’s issue.

PSA-

WEATHER- Temperatures are on the up in Cairo today, with a sunny day forecast along with a high of 23°C and a low of 13°C, according to our favorite weather app.

It’s a similar story in Alexandria, with sunny skies, a high of 22°C, and a low of 11°C forecast .

But don't fool yourself that this is signalling the end of winter just yet, with temperatures set to fall again starting Wednesday.

** DID YOU KNOW that we now cover Saudi Arabia and the UAE?

** Were you forwarded this email? Tap or click here to get your own copy delivered every weekday before 7am Cairo time — without charge.

ICYMI- Missed this week’s Inside Industry? In our weekly vertical exploring all things industry and manufacturing, we spoke to Fine Hygienic Holding CCO Nadel Alzatari for our Manufacturer of the Month. Check out the story here.

WATCH THIS SPACE-

#1- A group of Qatari investors and one Egyptian investor are looking into establishing a USD 100 mn iron and steel factory, with a target to kick off operations at the beginning of next year, unnamed sources tell Al Borsa. The unnamed Egyptian investor is set to provide the land and construction in exchange for a 51% stake in the project, while the Qatari side will be responsible for financing the purchase of production lines and raw materials and will hold a 49% non-controlling stake in the plant, the sources noted.

As is increasingly the case and now the norm for industrial projects, exports are the priority, with the company planning to export around 80% of its output to Arab, African, and Turkish markets, with the remaining production designated for the local market.

Going forward, the company will apply for a license to produce rebar and steel sections from the Industrial Development Authority during the first half of the year. Upon securing the license, the firm will contract with Italy’s Danieli to procure production lines.

#2- Serial entrepreneur Mohamed Aboulnaga “Nagaty” is setting up a AI-focused investment fund with a target size of USD 500 mn, he told Al Mal’s CEO Level podcast (watch, runtime: 1:07:33). The fund has already received pledges amounting to USD 100 mn from individual and institutional investors and is planning to reach final close after ten years.

DATA POINT-

Foreign investors’ net purchases of Egyptian debt came in at EGP 875 bn during 2024 — split between EGP 625 bn in short-term debt purchases and the remaining EGP 250 mn for long-term debt purchases — according to the EGX’s 2024 report.

CIRCLE YOUR CALENDAR-

#1- Arla Foods’ deadline for submitting a purchase offer for Domty has been extended by 60 working days starting 9 January, after the Financial Regulatory Authority greenlit Arla’s request according to a statement (pdf) from the authority. Denmark-based Arla Foods said last October that it wants to acquire up to 100% of local cheesemaker Domty’s shares for an estimated EGP 8.9 bn, with plans to delist the company from the EGX post-acquisition.

#2- This year’s edition of the Cairo International Book Fair will run from 23 January to 5 February at its usual spot at the Egypt International Exhibitions Center, according to a Culture Ministry statement. The fair will host over 1.3k publishers and 6.2k exhibitors, with Oman as this year's guest of honor.

Check out our full calendar on the web for a comprehensive listing of upcoming news events, national holidays and news triggers.

THE BIG STORY ABROAD-

The Los Angeles wildfires are still getting top billing in the foreign press this morning, as a brief respite over the weekend is expected to give way to more destructive fires later today and tomorrow, spurred on by a fresh round of dry Santa Ana winds. Firefighters made some headway in containing the fires over the weekend, though 16 people have been reported dead and at least 16 people in the area are missing, with over 150k people in evacuation. (Bloomberg | Reuters | WSJ | France24 | FT)

As most foreign outlets look into how much of the impact of the wildfires can be attributed to climate change, new data shows that the 1.5°C global temperature benchmark was breached last year, making it the hottest year on record, and raising fears that the target is unattainable in the long term. (France24 | Reuters | Semafor)

*** It’s Blackboard day: We have our weekly look at the business of education in Egypt, from pre-K through the highest reaches of higher ed.

In today’s issue: We take a look at CIRA Education’s bid to transform the care economy in Egypt through its newly launched arm CIRA Care.

Tags:

FDI Manufacturing What We're Tracking Today

Discover Somabay’s offerings at boot Düsseldorf 2025.

Somabay, the premier Red Sea holiday destination, and its partner ORCA Dive Club will showcase their exceptional diving and watersports experiences at boot Düsseldorf 2025. With vibrant coral reefs, pristine lagoons, and a collaboration with Duotone PRO-Center for kiteboarding and wing foiling, Somabay solidifies its status as a world-class hub for water enthusiasts. Don’t miss the chance to explore the unmatched beauty and offerings of this Red Sea gem.

M&A WATCH

UAE’s Nas Investment Holding wants to up its stake in EgyFert to 90%

UAE-based Nas Investment Holding intends to submit a mandatory tender offer for an additional 57.5% stake in EGX-listed fertilizers player EgyFert, the Financial Regulatory Authority (FRA) said in a statement (pdf) yesterday. If accepted, the additional 5.5 mn shares will give Nas a controlling 90% stake in the fertilizer company.

The transaction would be valued at EGP 522.5 mn, with Nas offering to purchase EgyFert’s shares at EGP 95.0 apiece that in turn valued the company at some EGP 912 mn.

The offer price is almost exactly in line with the company’s share price of EGP 95.6 at the end of trading last week, but a good 4.6% below the EGP 99.56 by the time the EGX closed yesterday as the shares in the company rose 4.7% following the news.

The acquisition would ensure that EgyFert's shares remain listed on the Egyptian stock exchange, the statement reads.

Nas has only been a shareholder in the company for just over two months, after the company acquired a 32.5% stake in EgyFert back in October, purchasing 3.1 mn of phosphate exporting company MidFert Misr’s shares in the fertilizers producer. The company paid EGP 60 per share, putting the transaction value at some EGP 186.6 mn.

Nas Investment Holding now has 60 (-1) days to submit its offer, as per authority regulations.

2025 is already shaping up to be a year marked by increased investor interest in the country’s fertilizer industry, with China’s Asia Potash International Investment unveiled plans to set up a phosphate fertilizer industrial complex in Upper Egypt set to have a final investment ticket of USD 7-10 bn, whose first phase alone will cost USD 1.6 bn.

Tags:

EgyFert M&A Watch

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Automotive

Ezz Elsewedy Auto JV kicks off pilot runs of locally assembled Proton model ahead of mass production launch

Mass production of Malaysian automaker Proton’s Saga model will launch within weeks, Proton Egypt General Manager Bassem Ashmawy told Al Mal. Elsewedy Electric sister company Elsewedy Capital and automotive group Ezz El Arab JV and project leader Ezz Elsewedy Automotive Factories is currently testing the locally assembled automobile on Egyptian streets with a technical team from Proton to ensure it meets certain quality standards ahead of the official launch of mass production.

The cars will be hard to spot on the roads though, with Ashmawy telling the outlet that they have obscured its distinctive and identifiable features to keep them out of the public eye until the new model is officially launched in February and price ranges announced.

The news follows the official opening of the new EGP 3 bn plant back in November, targeting an annual production capacity of 40k — to be doubled at a later stage — and a local component ratio of 48%. The plant is also planning to export some 10% of its production in the first year of operations, before expanding the amount of cars exported, and will create some 300 jobs.

Proton and its local partners are already eyeing the next step, with plans to double production to 80k a car, start assembling EVs, and establish a paint factory.

Tags:

automotive Egypt-Malaysia relations Ezz ElSewedy Automotive Factories Malaysia

RETAIL

Edita utilizes existing distribution network with first third party distribution agreement

Edita will utilize its distribution network to distribute kiosk favourite Raw chips through a third party distribution agreement with the kettle chip brand owner Prisma Foods, the EGX30-listed snackmaker said in a s tatement (pdf). Edita Food Industries subsidiary Edita Trade & Distribution will now manage the distribution of the upmarket snack across the country, marking the first third party distribution agreement inked by Edita.

Smart move: Edita already maintains a fleet of 1.2k trucks and 25 distribution branches that deliver to 60k locations across the country. Edita also thinks that it can ensure the “efficient and targeted distribution of products” with its “advanced warehousing facilities and a data bank that tracks retail and business insights for all retailers across Egypt.”

What they said: “Our partnership with Prisma Foods reflects Edita Trade & Distribution’s role as a critical enabler for brands seeking to expand their presence in Egypt. Prisma Foods’ innovative products and ambitious goals are aligned with our commitment to unlocking new opportunities and creating mutual value in the growing salty snacks mark,” said Edita Trade & Distribution CEO Alfred Younan.

Tags:

Edita food retail

Diplomacy

Foreign Minister Abdelatty attends Syria talks in Riyadh, condemns Israeli violations

Foreign Minister Badr Abdelatty was in Riyadh yesterday to take part in an expanded Arab ministerial meeting focussed on Syria, according to a ministry statement.

Egypt hammered down on its key messages, with Abdelatty emphasizing Egypt’s support for Syria’s territorial integrity and sovereignty and calling for an inclusive political process that reflects Syria’s social, religious, and ethnic diversity — key issues that have been at the heart of Egypt’s diplomatic efforts since Bashar Al Assad’s ouster in early December. He also stressed the importance of regional cooperation in combating terrorism and preventing Syria from becoming a haven for terrorist groups.

Abdelatty also denounced Israel’s incursion into its buffer zone with Syria and its occupation of Syrian territories in violation of the 1974 Disengagement Agreement. The minister also called out Israel’s airstrikes on Syrian military infrastructure and capabilities.

On the sidelines of the meetings, Abdelatty met with Saudi Foreign Minister Prince Faisal bin Farhan and Bahraini Foreign Minister Abdullatif bin Rashid Al Zayani. The meetings covered bilateral relations and regional developments, including the situation in Gaza, Sudan, Lebanon, and the Horn of Africa, with all sides emphasizing the importance of supporting Syria's stability and territorial integrity.

Tags:

DIPLOMACY Middle East politics Syria

A MESSAGE FROM HSBC

Opportunity is rarely a straight line. Our international network connects you to what’s next. Search HSBC Egypt

Moves

Alta Semper appoints Kareem Ghaly as head of MENA

Kareem Ghaly to lead MENA at Atla Semper: Kareem Ghaly has been named head of MENA at healthcare and UK-based private equity outfit Alta Semper Capital and will be based in the firm’s regional hub in Cairo, according to a company statement (pdf). Ghaly will take up his new position at the end of next month.

Ghaly brings over 14 years of investment and advisory experience, having executed transactions exceeding USD 7 bn across Egypt and the MENA region. He joins Alta Semper from British International Investment (BII), where he led the company’s Egypt operations across various sectors. Ghaly has also held senior positions at Renaissance Capital and EFG Hermes advising on M&A and capital markets agreements in the region.

Tags:

healthcare moves private equity

LAST NIGHT’S TALK SHOWS

The unified subsidies card system took the center stage on last night’s airwaves

A new unified subsidy card system that will also be able to be done through your mobile system is on its way, cabinet spokesperson Mohamed El Homsani told Ala Masouleety’s Ahmed Moussa (watch, runtime: 12:51). The spokesperson’s appearance on the airwaves follows a meeting earlier in the day that saw Prime Minister Mostafa Madbouly discuss the new system with the heads of various ministries and government agencies.

The unified card will not just provide access to food subsidies, but also cover health ins. coverage, and other services, according to El Homsani.

Subsidy efficiency is a top priority, with the system set to be linked to a central database to accurately identify eligible recipients and automatically remove ineligible ones, Homsani added, confirming that work is underway to implement the system in the coming months.

Remember: The move away from subsidies and to direct cash-based assistance is fast approaching, with the government looking to gradually start implementing the change starting from the next fiscal year starting with four governorates before applying it nationwide. The move is awaiting the National Dialogue’s proposals and the necessary data from the Supply Ministry that will help authorities decide on the amount of cash support to be disbursed, two government sources recently told EnterpriseAM

The system is already being piloted in Port Said, initially focused on universal health ins. with food subsidies to be added at a later stage.

The new system got airtime also on Al Hayah Al Youm (watch, runtime: 2:12).

ALSO ON THE AIRWAVES- “A truce in Gaza could be announced within 72 hours,” Al Quds University political science professor Ayman El Rakb told Lobna Assal on El Hayah El Youm (watch, runtime: 17:44). “We're talking about a long-term truce that could extend to about two or three months in the first phase,” El Rakb said, noting Cairo's intensive efforts over the past three months to reach a ceasefire in Palestinian territories. The topic also got airtime on Ala Masouleety (watch, runtime: 4:37).

Tags:

Gaza LAST NIGHT’S TALK SHOWS Middle East politics subsidies

Also on our Radar

BP completes drilling of two new wells at its Raven natural gas field. PLUS: Eni, Steigenberger + Marriot

ENERGY-

#1- BP has completed the drilling of two gas production wells at the Raven natural gas field in its North Alexandria concession, with gas production expected to begin in February, according to an Oil Ministry statement. The firm invested some USD 400 mn on the drilling operations, with the two wells expected to add a combined daily 400 mn cubic feet of gas to its output.

#2- Eni’s planned fixed regasification unit in Damietta will cost USD 190 mn, up from a previous price tag of USD 150 mn that a government official told EnterpriseAM when we first heard of the plan back in August, according to an unnamed Oil Ministry source that spoke to Al Borsa.

HOSPITALITY-

Trial operations of the EGP 15 bn integrated tourist city in South Sinai’s St. Catherine will kick off in April or May, Al Arabiya reports, citing an unnamed source. The trial phase under the Madbouly government’s Great Transfiguration project will see 1k hotel units managed by international hospitality giants Steigenberger and Marriott come online — half of which have already been built and the rest are under construction.

Remember: The cabinet last March announced that Steigenberger inked an agreement with the New Urban Communities Authority to manage and operate an integrated tourist city in St. Catherine. At the time, the Madbouly government also said that it is in talks with other international players to operate other facilities at the site as part of its project to develop the UNESCO-registered area around St. Catherine’s Monastery and Mount Sinai into a site for religious, recreational, and environmental tourism.

Tags:

ALSO ON OUR RADAR BP EGAS energy Eni hospitality investment watch Marriot oil and gas Steigenberger Hotels and Resorts technology tourism

PLANET FINANCE

PE firms feasted on Europe’s depressed company valuations in 2024

Private equity giants are capitalizing on Europe’s economic challenges, scooping up major companies at lower valuations, according to data from Dealogic cited by the Financial Times. Large European buyouts worth more than USD 1 bn surged 78% y-o-y to USD 133 bn in 2024 — far outpacing the 29% growth rate across the rest of the world, where total large buyouts hit USD 242 bn. In contrast, smaller European transactions grew just 1% y-o-y, lagging behind the rest of the world’s 16% growth in this segment.

Why the boom? The combination of the greenback's strength and Europe’s depressed equity valuations has made the region a prime target for private capital. Despite Europe being “both fragmented and very diverse,” private equity firms can source “market-leading, but relatively under-the-radar, companies larger than USD 1 bn at a [markdown] to their peers in the US,” according to BC Partners IR Partner and Global Head Alexis Maskell.

Some of the heftiest buys of the year: Key transactions included a USD 6.9 bn takeover of UK trading platform Hargreaves Lansdown by an Abu Dhabi Investment Authority-led consortium, along with Thoma Bravo’s USD 5.5 bn acquisition of UK cybersecurity firm Darktrace and Brookfield’s USD 3.8 bn stake in French renewable energy player Neoen.

Where the action is: The UK and Nordic economies, along with Germany have emerged as hotspots for private equity activity, particularly as other parts of the region grapple with weak growth forecasts, political turmoil and geopolitical threats, Neil Barlow, a partner at Clifford Chance told the salmon-colored paper.

Take-privates are on the up: European take-private transactions jumped 44% y-o-y to USD 52 bn last year, driven by stock market exits and private equity-led transactions. Many businesses are opting to delist in Europe and shift to the US or transition into private ownership.

MARKETS THIS MORNING-

Dampened expectations of the US Federal Reserve pushing ahead with further rate cuts are weighing on Asian markets this morning, with all major indexes trading lower this morning. Japan’s Nikkei is down more than 1% in early trading, while the Hang Seng Index is down 1.6%, Shanghai is down 0.3%, and Kospi is down 0.9%.

It’s similarly expected to be a sea of red once markets open in the US, with futures indicating that the Dow Jones, S&P 500, and Nasdaq will all come under some selling pressure.

EGX30	29,277	-0.6% (YTD: -1.6%)
USD (CBE)	Buy 50.50	Sell 50.64
USD (CIB)	Buy 50.52	Sell 50.62
Interest rates (CBE)	27.25% deposit	28.25% lending
Tadawul	12,127	+0.2% (YTD: +0.8%)
ADX	9495	+0.4% (YTD: +0.8%)
DFM	5228	-0.02% (YTD: +1.4%)
S&P 500	5,827	-1.5% (YTD: -0.9%)
FTSE 100	8,248	-0.9% (YTD: +0.9%)
Euro Stoxx 50	4,977	-0.8% (YTD: +1.7%)
Brent crude	USD 79.76	+3.7%
Natural gas (Nymex)	USD 3.99	+7.8%
Gold	USD 2715.00	+0.9%
BTC	USD 93,911.30	-0.8% (YTD: +0.5%)

THE CLOSING BELL-

The EGX30 fell 0.6% at yesterday’s close on turnover of EGP 2.9 bn (24.7% below the 90-day average). Egyptian investors were the sole net buyers. The index is down 1.6% YTD.

In the green: Abou Kir Fertilizers (+6.0%), Sidpec (+5.1%), and AMOC (+4.2%).

In the red: Orascom Construction (-2.9%), Emaar Misr (-2.7%), and Cleopatra Hospitals (-2.6%).

CORPORATE ACTIONS-

Ezz Steel does not plan on selling any of its shares to investors from the Gulf or other foreign countries, and has not received inquiries or offers from Egyptian or non-Egyptian investors for a stake in the firm, according to an EGX dis closure (pdf).

Tags:

Financial Markets Planet Finance

Our weekly deep dive into education in Egypt, from K-12 to post-secondary.

Published every Monday in EnterpriseAM.

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BLACKBOARD

Introducing CIRA Care: CIRA Education’s bid to transform the care economy in Egypt

CIRA is branching out into the care economy with the launch of CIRA Care, a new arm focused on care economy services, the education outfit announced at a launch event attended by EnterpriseAM. The new venture will be set up with a capital of EGP 60 mn and provide early childhood care, healthcare services, disability support, and elderly care services, CIRA CEO Mohamed El Kalla told EnterpriseAM on the sidelines of the event.

The move represents "a transformative shift for CIRA" as it expands beyond offering more traditional forms of education through its schools and universities, El Kalla said. But the notion of education is still a key aspect at the heart of the new venture, according to El Kalla, who explained to us that it is only through education that the needs of the local and regional labour markets will be met — and that applies to the care economy too.

But first, what exactly is the care economy? The care economy by most definitions refers to all labour — paid and unpaid — that is focussed on providing care for people, whether children, those with disabilities, the elderly, or anyone who needs an extra helping hand in their day-to-day lives. The sector includes childcare, care for the elderly, healthcare, and domestic work — incredibly important services to not just those receiving them, but for society as a whole and the healthy functioning of the economy.

Although often unregulated and undervalued, the global care economy is huge, with the industry employing some 11.5% of the global population — amounting to 381 mn people — according to the International Labour Organization. Demand for care is only set to grow, with the number of those in need of care around the world expected to increase to 2.3 bn people by 2030.

The new outfit will focus on four key segments of the care economy, with CIRA Care to train staff in and offer early childhood services, assistance for those with disabilities, healthcare support, and elderly care via home care providers and community support providers, El Kalla told EnterpriseAM.

The initiative is hoping to position “Egypt as a leading exporter of skilled care workers,” the company said in a statement (pdf) covering the launch. To this end, care workers will be trained in programs developed in collaboration with leading world institutions in the field, before attaining internationally recognized certificates as testament to their knowledge and commitment. The new venture will also strategically place the newly trained care providers with their first assignment.

CIRA Care will also continue to support and train its staff, with the company set to provide upskilling programs and continuing professional development so the care workers can keep up with an evolving sector. On the job front, CIRA Care will also have “dedicated hubs facilitating seamless job connections.”

To achieve these ambitious goals, CIRA Care inked 13 MoUs with prestigious global educational institutions, professional training providers, development agencies, and HR organizations. The roster includes Mohawk College, Texas International Education Consortium, Thompson Rivers University, Bow Valley College, Amidest, Emirates Scholar Research Center, SIS - Middle East Training Services, Egyptian Nursing Syndicate, Upscale, Badr University in Cairo, Badr University in Assiut, Saxony Egypt University, and Innovvette for Education.

This extensive partner network will help CIRA Care align with international standards in care service delivery and talent development programs. This will help pave the way for expansion into five key markets initially, which El Kalla named the US, Canada, Germany, Saudi Arabia, and the UAE in comments to EnterpriseAM.

The company aims to provide 1k qualified care service professionals by the end of 2025 to meet both local market needs and serve its five initial export markets. However, El Kalla expects the company in future years to generate over 5k jobs in the sector annually.

CIRA Care wants to redefine regional care standards in the region by working to amend labour laws for informal workers, creating training programs, expanding care infrastructure through public-private partnerships, opening up access to care services, and using international agreements and scholarships to attract top talent to the sector.

Your top education stories for the week:

The Education Ministry has proposed replacing the Thanaweya Amma system with the Egyptian baccalaureate system — a move it argues will offer a simpler and more inclusive model that integrates arts and sciences tracks. The system is expected to be introduced for first-year high school students in the next academic year if it receives the necessary approvals.
CIRA Education majority shareholder Social Impact Capital is now offering a price-per-share of EGP 15.5 in its acquisition bid for the EGX-listed educational services provider, up from EGP 15.0 previously. The move follows financial advisor BDO Keys Financial Consulting putting fair value of the company at EGP 17.95 per share.
The government plans to hire 72k teachers to tackle the nationwide shortage, with the government falling 12k teachers behind its 30k a year target for 2024 and with 60k to recruit throughout 2025 and 2026.

Tags:

Blackboard CIRA Education Education

CALENDAR

JANUARY

15 January (Wednesday): Launch of Egypt’s first joint-stock ship waste management company in Port Said.

18 January (Saturday): Soil Spaces launch event, Mivida, New Cairo

20-24 January (Monday-Friday): World Economic Forum Annual Meeting

23 January- 5 February (Thursday-Wednesday): Cairo International Book Fair, Egypt International Exhibitions Center, Cairo

28 January (Tuesday): Nigeria to inaugurate the USD 5 bn Africa Energy Bank in Abuja

28-29 January (Tuesday-Wednesday): US Federal Reserve’s Federal Open Market Committee meeting.

Early January 2025: Health Ministry finalizes partnership with Gustave Roussy to operate Dar El Salam Hospital.

January: CBE to launch InstaPay remittances for Egyptians abroad

January: Building permit applications in Egypt's new cities will go online

January 2025: Accor Group to open Sofitel Cairo Downtown Nile, the world’s largest Sofitel.

January 2025: Egyptian National Railways to launch tender for Tanta-Mansoura-Damietta railway line upgrades

January 2025: Food products will require food safety and validity certificates from the National Food Safety Authority (NFSA)

January 2025: Bavarian Delegation visit to Egypt

FEBRUARY

BP to bring the second well of its Raven natural gas project online, with additional production capacity expected.

Orascom Pyramids Entertainment to bring total investments in the Pyramids Plateau to EGP 1.5 bn.

Subscription period for Your Home in Egypt initiative opens.

2 February: Energy Day Conference, Cairo, Egypt.

17-19 February (Monday-Wednesday): EGYPES Technical Conference, Egypt International Exhibition Center, Cairo, Egypt.

18-19 February (Saturday-Sunday): German-Egyptian Joint Economic Committee meetings, Cairo, Egypt

20 February (Thursday): Monetary Policy Committee's first meeting.

MARCH

Arla Foods’ deadline for Domty acquisition offer

Operation of phase one of the Amotope wind farm

Alwaad Investment to inaugurate a new cold beverage plant with an annual production capacity of 14.5 mn units.

Al Ahly Sabbour to finalize preparations for its EGX listing, offering 20-25% of its shares, with an advisor to be tapped in early 2025.

March-April 2025: The government plans to start collecting taxes on capital gains from EGX transactions.

APRIL

Saxony Delegation visit to Egypt.

Egypt to launch trial operations of the first phase of its USD 1.8 bn Egypt-Saudi electricity interconnection project, ahead of schedule

Tahya Misr 1 container terminal to begin operations, adding 3.5 mn container capacity to the port.

7-9 April 2025 (Monday-Wednesday): Narrative PR Summit launches 9th edition, Red Sea

7-10 April 2025 (Monday-Thursday): EFG Hermes One on One conference, Dubai, UAE

17 April 2025 (Thursday): Monetary Policy Committee’s second meeting.

28-30 April 2025 (Monday-Wednesday): FDC Regional Digital Industry Summit will launch cybersecurity index.

MAY

22 May 2025 (Thursday): Monetary Policy Committee’s third meeting.

May 2025: Egyptian Exporters Association (Expolink) exhibition, Italy

May 2025: French rolling stock manufacturer Alstom will submit technical and financial bids for Cairo Metro Line 6

JUNE

June 2025: MPs approveextension of tax dispute resolution window until 30 June 2025, with potential for further extension

June 2025: Nissan and Honda finalise talks about possible merger to create the world’s third largest automobile company by sales.

June 2025: Coficab to complete its USD 88 mn automotive cable and electrical factory in Tenth of Ramadan City

JULY

10 July 2025 (Thursday): Monetary Policy Committee’s fourth meeting.

15-16 July 2025 (Tuesday-Wednesday): Egypt Mining Forum.

July 2025: The first operational trail of Egypt-KSA electricity interconnection line.

July 2025: Etihad Airways to launch twice-weekly flights to Alamein

July 2025: Israel to begin increasing gas exports to Egypt from Chevron’s offshore Tamar field

AUGUST

28 August 2025 (Thursday): Monetary Policy Committee’s fifth meeting.

August 2025: Tourism Development Authority to waive late payment penalties for land purchases if full installments are paid

SEPTEMBER

September 2025: Egypt Education Platform (EEP) to launch two new schools in Alexandria and Somabay

September 2025: Egypt Otsuka’s nutritional products factory in Tenth of Ramadan to begin operations, with exports to Gulf countries expected by January 2026

OCTOBER

2 October 2025 (Thursday): Monetary Policy Committee’s sixth meeting.

NOVEMBER

20 November 2025 (Thursday): Monetary Policy Committee’s seventh meeting.

DECEMBER

25 December 2025 (Thursday): Monetary Policy Committee’s eighth meeting.

December 2025: Taqa Arabia and Voltalia to complete studies for repowering the 545-MW Zafarana wind farm with 1.1 GW of wind and 2.1 GW of solar power

EVENTS WITH NO SET DATE

Early 2025: ADQ to break ground on the development of Ras El Hekma

Early 2025: Al Ismaelia to begin working on two new hotels and hotel apartments in Downtown Cairo.

Early 2025: The Communications Ministry will unveil the second edition of its national AI strategy in early 2025

Early 2025: The Suez Canal Authority to launch an IPO for the Canal Company for Mooring and Lights (CCML) on the EGX.

Early 2025: Orange Egypt to launch 5G services, with EGP 10 bn planned for network upgrades.

Early 2025: BP to begin drilling at the King Mariout Offshore concession.

Early 2025: Jinbei Royal Egypt to begin local assembly of 3k Jinbei vehicles, including the country’s first electric cargo van and microbus

1Q 2025: The Egyptian-Italian business forum

1Q 2025: Investment Minister Hassan El Khatib to visit Italy

1Q 2025: Eipico’s biopharma plant to begin operations

1Q 2025: Finance Ministry to launch public consultations on its tax policy document

1Q 2025: Egypt to sign trade agreements with Bahrain and UAE to slash customs clearance times

1Q 2025: Government to launch EUR 271 mn green industry program to cut emissions

1Q 2025: Egypt-Azerbaijan joint committee to meet to bolster trade and investment ties

1Q 2025: Turkish Automotive Manufacturers Association and Turkish Contractors Association to visit Egypt following an invitation from the Investment Minister

1Q 2025: One of four companies, including Abu Qir Fertilizers, Mopco, Egyptian Petrochemicals Holding Company, and a Saudi-affiliated firm, to be selected for the USD 450 mn redevelopment of Delta Fertilizers

1Q 2025: GV Auto to begin local production of FAW Group’s cheapest EV model.

1Q 2025: Alkan Auto to launch BAIC subsidiary Arcfox’s EVs to the market.

1Q 2025: Dynamic Distribution to launch a new competitively-priced Fiat model in Egypt.

1Q 2025: BP to drill two USD 160 mn exploratory gas wells in the West Delta.

1Q 2025: Port Said for Engineering Works to begin construction on a USD 80 mn aluminum foil factory in the SCZone, targeting initial production of 60k tons annually.

1Q 2025: Pearl Polyurethane Systems to start production at its EGP 100 mn polyurethane factory in the Sokhna Industrial Zone.

1Q 2025: Sumitomo Electric to officially open its EUR 22 mn cable factory in Tenth of Ramadan, with production set to begin next month.

1Q 2025: Construction of the USD 600 mn natural gas treatment plant in the Western Desert’s Meleiha concession to wrap up, followed by a pilot run.

1Q 2025: El Araby Group and Sharp to break ground on a USD 50 mn fridge and freezer manufacturing plant in the Quweisna zone.

1Q 2025: Hangzhou Henneway Travel Goods to begin production at its USD 50 mn factory in the West Qantara Industrial Zone

1Q 2025: BP to drill two USD 160 mn exploratory gas wells in the West Delta

Mid-2025: EGX launches sustainability index.

2Q 2025: Financial Regulatory Authority (FRA) to introduce derivatives on the EGX

2Q 2025: Safaga Terminal 2 to start operations

2Q 2025: Hassan Allam to build infrastructure for AD Ports' Noatum terminal at Safaga

2Q 2025: EgyptSat Auto to start production at its EV factory in Tenth of Ramadan City

1H 2025: EGX launches a sharia-compliant sustainability index.

1H 2025: Digital Financial Identity Company will launch an electronic bank account opening service

1H 2025: The Egyptian-US Investment Forum.

1H 2025: The Egyptian Mineral Resources Authority will relaunch a global tender for gold exploration through Shalateen Mineral Resources company.

1H 2025: Internal Trade Development Authority (ITDA) to establishfour logistics zones with EGP 18-20 bn investments

1H 2025: Natco to launch Chinese firm Neta Auto’s EV models.

1H 2025: OCI Global to complete the sale of its entire methanol business to Methanex for USD 2.05 bn.

1H 2025: Egypt and the UAE to begin construction of a USD 3 bn petroleum logistics zone at Al Hamra Port

1H 2025: HoldiPharma to list 25-30% stakes in Misr Pharma and Chemical Industries Development (CID) on the EGX

1H 2025: Korra Energi to list up to 20% stake on the EGX

1H 2025: Smart Villages Development and Management Company plans to list 30-35% of its shares on the EGX

1H 2025: Halliburton to bring three gas wells online as part of the Burullus project.

1H 2025: Chevron to begin gas production from the offshore Nargis gas field, initially producing 600 mn cf.

1H 2025: Nile Recycling to launch USD 20 mn PET recycling facility in Ain Sokhna, targeting an annual capacity of 22k tons and reducing carbon emissions by 40k tons

3Q 2025: AMEA Power to bring 500 MW Amunet wind farm online in Ras Ghareb

4Q 2025: Abou Ghaly Motors to introduce the Subaru Solterra to the market

4Q 2025: Two new projects in food manufacturing and home textiles to begin operations in the Qantara West Industrial Zone

2H 2025: National Printing Company to make its EGX debut after delayed IPO plans

2H 2025: Tabarak Holding to list 30% of its shares on the EGX

2H 2025: Turkish apparel company Denim Rise to open a garment manufacturing facility

2H 2024: Hi-Tech Apparel to break ground on a USD 20 mn sportswear factory in the SCZone

2H 2025: Eni to drill two new wells in the Zohr field with USD 160 mn in investments

Mid-2025: The Administrative Capital for Urban Developments to roll out the second phase of offering industrial plots to investors

Mid-2025: SN Automotive to launch three locally assembled models — one electric and two gasoline-powered — in Egypt

Mid-2025: Suez’s USD 1.8 bn coal and diesel production complex, developed by Enppi and Petrojet, to be completed

Mid-2025: Wataneya and Safi to debut on the EGX

End of 2025: The Egypt Digital Industrial Platform will expand to include additional services for manufacturers, including the issuance of licenses, building permits, and industrial records

End of 2025: An unnamed Chinese company and the state-owned Arab Organization for Industrialization (AOI) to begin production at a USD 360 mn tire factory in the SCZone.

End of 2025: A consortium including Redcon Properties and Al Baraka Bank to launch a local real estate investment fund with over EGP 1 bn in initial investments

Late 2025: Baron Hotels to open a new hotel in Sharm El Sheikh and debut its first international property in Zanzibar with 150 luxury suites

2025: The InterAcademy Partnership assembly

2025: Nile Basin States Summit, Cairo, Egypt

2025: Release of the government’s Startup Charter document

2025: Nafeza to integrate air cargo into its digital customs platform, further streamlining trade logistics

2025: Africa50 completes 42.9% stake acquisition in Raya Data Centers for USD 15 mn to fund construction of a USD 35 mn Tier III data center.

2025: MM Group for Industry and International Trade is set to launch 16 new Tata vehicle models locally.

2025: China to issue USD 411 bn in special treasury bonds

2025: El Attal Holding to list 30-35% of its shares on the EGX

2025: The Administrative Capital for Urban Development (ACUD) to launch its EGX debut, offering 5-10% of its shares.**

2025: Basata Holding for Financial Investments to offer 25% stake on the EGX as part of a plan to double its capital to EGP 1.4 bn.**

2025: Hilton Cairo Nile Maadi to open early in the year, alongside debuts of Tapestry Collection and Curio Collection by Hilton.

2025: Palm Hills and Marriott to launch The Ritz-Carlton Residences in West Cairo, featuring 150 branded units across 45 acres

2025: Jaz Hotel Group to set up two new hotels in North Coast, two in Hurghada, and two in Marsa Alam

2025: Sunrise Resorts & Cruises to add 4k hotel rooms to its hotels capacity.

2025: Egyptian Petrochemicals Holding Company (ECHEM) to complete studies and kick off production of Egypt’s first sustainable aviation fuels (SAFs).

2025: Polaris Parks to begin development of the industrial park in New October City

2025: EgyptAlum to launch a USD 100 mn foil production line with a 50k-ton annual capacity

2025: Honor to begin operations at its proposed smartphone manufacturing facility in Egypt, with an initial investment of USD 10 mn

2025: Indorama and Phosphate Misr to begin implementation of the USD 400-500 mn phosphate fertilizers plant in Ain Sokhna

FY 2025-26: Egypt to issue its first EGP-denominated sovereign sukuk to finance public investments outside the general budget

FY 2025-26: The government to begin introducing cash-based subsidies on a trial basis in select areas of the country

2025-2027: EUR 4 bn in concessional loans to follow as part of a EUR 7.4 bn package

2026

Baron Hotels to launch two hotels in Egypt with 950 rooms, followed by another with 750 rooms.

May 2026: End of extension for developers on 15% interest rates for land installment payments

2027

20 January-7 February: Egypt to host the African Games

EVENTS WITH NO SET DATE

End of 2027: Trial operations at the Dabaa nuclear power plant expected to take place

September 2028: First unit of the Dabaa nuclear power plant begins operations

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