The rundown of the SFE’s plan for state-owned companies

Tuesday, 4 Mar 2025

The rundown of the SFE’s plan for state-owned companies

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Today at a glance

Privatization

SFE to target 370 firms in first phase of state companies takeover plan.

Diplomacy

More on Egypt’s plan for Gaza comes to light hours before the Arab League summit on Gaza commences.

Also on our Radar

Robbiki Leather City is getting an EGP 2 bn Turkish project?

Diplomacy

Planning Minister, EU Mediterranean Commissioner discuss strategic partnership, economic ties.

What We're Tracking Today

It’s PMI day.

Moves

Giza Systems appoints Ahmed El Harany as group CEO.

PLANET FINANCE

Wall Street faces sell-off amid threat of tariffs.

Going Green

Energy storage is the next horizon for our renewable energy ambitions.

What We're Tracking Today

It’s PMI day

Good morning, all. It appears the Ramadan news slowdown is finally upon us, but we expect things to pick up later today following the anticipated emergency Arab League summit on Gaza.

So, when do we eat? Maghrib prayers are at 5:56pm in the capital, and you’ll have until 4:50am tomorrow to hydrate and caffeinate ahead of fajr.

PSA-

WEATHER- It’s another sunny morning in Cairo, with a high of 22°C and a low of 12°C, according to our favorite weather app.

It’s a little colder in Alexandria, with a high of 20°C and a low of 12°C.

** 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.

HAPPENING TODAY-

#1- Regional diplomatic heavyweights are in Cairo for an emergency Gaza-focused ArabLeague summit that is taking place as Israel blocks desperately needed aid from entering the enclave in a bid to pressure Hamas into accepting changes to the already agreed on ceasefire agreement. We dive into what can be expected from the summit in the news well, below.

#2- Non-oil private sector activity to stay in the green for the second consecutive month? Economists, policymakers, and private sector players will be eagerly awaiting the country’s PMI figures for February, set to be released shortly by S&P Global.

There’s reason to be hopeful, with Egypt’s non-oil private activity seeing its strongest expansion in over four years in January driven by solid growth in output and sales volumes. The headline PMI reading rose to 50.7 in January, up from 48.1 in December, marking the second expansion since November 2020.

THE BIG STORY ABROAD-

Leaving no room for talks, Trump officially slapped 25% tariffs on Canada and Mexico starting today. The levies — initially postponed after negotiations with Mexican President Claudia Sheinbaum and Canadian Prime Minister Justin Trudeau — are now officially moving forward as part of Trump’s push to pressure both countries on border security and fentanyl trafficking. Trump is also using the move to pressure Canada and Mexico to shift their manufacturing to the US, saying they’re “going to have a tariff” unless they “build their car plants, frankly, and other things in the United States, in which case they have no tariffs.” Canadian Foreign Minister Melanie Joly warned that Ottawa is “ready” to hit back with retaliatory measures.

That’s not all —Trump also signed off on doubling tariffs on Chinese imports to 20%. The White House justified the move by accusing Beijing of failing to curb illicit fentanyl shipments to the US. The directive goes into force today.

And the US will introduce tariffs on external agricultural products, Trump said. The tariffs will come into effect on 2 April. “To the Great Farmers of the United States: Get ready to start making a lot of agricultural product to be sold INSIDE of the United States,” Trump wrote on a social media post yesterday. (Reuters | Bloomberg)

Needless to say, markets recoiled —The S&P 500 slid around 1.8%, marking its worst day since December and wiping out its year to date gains. The Dow Jones Industrial Average tumbled 1.5% and the Nasdaq fell 2.6%, as fears over US economic fallout materialized. Tech stocks also slid, with Nvidia tumbling over 8%. We have more in Planet Finance, below. (Financial Times | AP | BBC | Bloomberg | CNBC | Reuters)

ALSO- Trump paused all military aid to Ukraine as part of his efforts to push Ukrainian President Volodymyr Zelenskyy to take part in peace talks with Russia. Trump’s decision comes days after a heated discussion between him and Zelenskyy. (Bloomberg | AP)

IN OTHER BUSINESS NEWS- A Citigroup staffer nearly sent USD 6 bn to a customer’s account after dropping the account number into the USD field by mistake — a typo with serious extra zeros. The error, caught the next business day, was reported to regulators. (Bloomberg)

*** It’s Going Green day — your weekly briefing of all things green in Egypt: Enterprise’s green economy vertical focuses each Tuesday on the business of renewable energy and sustainable practices in Egypt, everything from solar and wind energy through to water, waste management, sustainable building practices and how you can make your business greener, whatever the sector.

In today’s issue: We look at how energy storage can help us meet our ambitious renewable energy targets.

Tags:

S&P Global What We're Tracking Today

Ramadan Kareem from Somabay.

Wishing you a month filled with serenity, peacefulness, and joy with your loved ones.

Privatization

Sovereign Fund of Egypt to target 370 firms in first phase of plan to take charge of state enterprises

A look at SFE’s opening move for its state company takeover plan: The first phase of the Sovereign Fund of Egypt’s (SFE) plan to take over all public enterprises will target some 370 profitable firms, over half of the total 709 companies owned by the state, a senior government source told EnterpriseAM. While the fund is currently looking into the companies’ ownership structures as it prepares to tap the top performers for the first phase, it may hold off on the selection process until the end of the fiscal year on 30 June, our source said. This is to ensure the firms’ continued profitability and account for the full impact of the EGP float on their finances, the source explained.

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

ICYMI- Investment Minister Hassan El Khatib last week unveiled a plan by the government to transfer the administration of all state-owned companies to the SFE as part of a strategy to maximize their returns. The SFE, whose role will focus on attracting private players and potentially going public with the companies, has formed a committee to take stock of state-owned companies.

What companies are making the cut? The first phase will focus on firms that were profitable in the FY 2024-25 and have simple ownership structures — avoiding the many companies whose ownership is tangled between government agencies and banks and those whose assets are tied up in complex arrangements.

Manufacturers top the agenda: The SFE will start by taking over industrial players, with a particular focus on primary manufacturers that support other industries, as their production capabilities can be leveraged to attract investments needed in the strategy’s early stages, our source explained. The Public Enterprises Ministry owns nearly 30% of the industrial sector’s state-run companies.

Real estate companies will take second priority, our source said, adding that government companies possess vast tracts of unused land that could potentially be used in major real estate projects.

Further down the line: The 138 state companies operating at a loss will be targeted in a later stage that might involve repurposing their assets or changing their line of business, the source said, adding that studies needed for this process will take time.

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privatization watch Sovereign Fund of Egypt

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Diplomacy

More on Egypt’s plan for Gaza comes to light hours before the Arab League summit on Gaza commences

The emergency Gaza-focused Arab League summit is taking place in Cairo later today, bringing together a long list of Arab leaders in an effort to unify the Arab stance against the calls for displacement of Gazans.

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

IN CONTEXT- The summit is taking place as Israel blocks all humanitarian aid from entering the Gaza strip in a bid to pressure Hamas into accepting changes to the already agreed on ceasefire agreement. Arab nations have already denounced the violation of international law and the terms of the ceasefire agreement, with the Egyptian Foreign Affairs Ministry denouncing Israel for using starvation as “a weapon against the Palestinian people.”

Egypt’s Gaza reconstruction plan will top the agenda: In response to the Trump-proposed plan to forcibly displace 2 mn Gazans from the enclave, Egypt is set to unveil its plan to reconstruct Gaza during the summit. Once the plan is signed off, Egypt will push for international backing and donor funding, with a focus on European financial support, Foreign Minister Badr Abdelatty said during a presser (watch, runtime: 42:05) earlier this week.

What will the plan look like? A draft proposal obtained by Reuters suggests that Hamas would be replaced by an interim Governance Assistance Mission, led by Arab, Muslim, and Western states, to oversee Gaza’s initial reconstruction and humanitarian aid for an unspecified period. Security would reportedly fall under an International Stabilisation Force, primarily composed of Arab states, which would take over from Hamas with plans to eventually establish a local police force.

Behind it all: Overseeing the process would be a steering board — including key Arab nations, the Organisation of Islamic Cooperation, the US, Britain, and the EU — tasked with governance, security oversight, and coordinating donor funding for Gaza’s reconstruction.

Questions yet to be answered: The draft does not specify how Hamas would be removed from power, who exactly would lead the Governance Assistance Mission, or whether the Palestinian Authority would have a role. The proposal also lacks details on funding commitments for reconstruction, disarmament mechanisms, and the timeline for future elections. It also does not outline how Gaza would be governed beyond the interim period or who would enforce security in the long term, Reuters writes.

Notedly, Hamas isn’t giving any credibility to the draft, telling Al A rabiya that it has not received any official communication regarding Egypt’s proposal and does not engage with leaks. However, the group confirmed its approval of the formation of a community support committee in Gaza, which would not include any of its members.

While the proposal provides no timeline, Prime Minister Moustafa Madbouly previously said that the reconstruction of Gaza could be completed in three years.

Who can we expect at the summit? Iraq’s President A bdul Latif Rashid, Bahrain’s King Hamad bin Isa Al Khalifa, and Kuwait’s Crown Prince Sheikh Sabah Khaled Al Sabah are among those confirmed to attend the summit. Syria’s President Ahmed Al Sharaa is expected to join the summit and Tunisia’s Foreign Minister Mohamed Ali Nafti will attend on behalf of President Kais Saied.

Non-Arab leaders, including European Council President António Costa, will also be in attendance to “emphasise that the EU will be present on the ‘day after’ to work with partners on a lasting and sustainable peace based on the two-state solution,” Costa said in a statement.

Tags:

DIPLOMACY Gaza Middle East politics

Diplomacy

Planning Minister, EU Mediterranean Commissioner discuss strategic partnership, economic ties

Egypt, EU explore future economic relations: Planning and International Cooperation Minister Rania Al Mashat met with Dubravka Šuica, the EU's new Commissioner for the Mediterranean, to discuss the future of economic relations between Egypt and the European Union, according to a statement. The meeting, attended by EU Ambassador to Cairo Angelina Eichhorst and officials from the European Investment Bank and European Commission, focused on enhancing the strategic partnership between the two sides.

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

The two officials discussed unlocking promised funds and mobilizing even more: The meeting also discussed implementing the second phase of the EU’s macro-financial assistance and budget support program, worth EUR 4 bn. Egypt received the first EUR 1 bn of the EUR 5 bn package late December and is expected to finalize its agreement with the EU to receive the remaining EUR 4 bn by June.

That’s not all: The Planning Ministry is also coordinating with relevant ministries to formulate programs for the wider EUR 7.4 bn financing package. Al Mashat also noted that work is underway to establish an investment guarantee mechanism between Egypt and the EU, which aims to activate EUR 1.8 bn in European investment guarantees to mobilize around EUR 5 bn in investments for green transformation and other priority sectors.

REMEMBER- Last year, the EU pledged a EUR 7.4 bn package of loans, grants, and investments through to 2027. The package includes EUR 5 bn in concessional loans to provide macro-financial assistance, EUR 1.8 bn of additional investments under the Southern Neighborhood Economic and Investment Plan, and EUR 600 mn in grants.

Šuica first day in town was also plenty eventful: During her first day of her Egypt visit, Šuica met with a number of high-level officials including President Abdel Fattah El Sisi, Prime Minister Moustafa Madbouly, and Foreign Minister Badr Abdelatty. She also inked an EUR 90 mn loan with the Madbouly government, which will go towards supporting Egypt’s food resilience.

Tags:

DIPLOMACY EU International Cooperation Ministry

Moves

Giza Systems appoints Ahmed El Harany as group CEO

Giza Systems has a new chief: Tech consultancy firm Giza Systems appointed Ahmed El Harany (LinkedIn) as its group chief executive officer, it said in a press release. El Harany enters the role after serving as Konecta’s Middle East and Africa CEO. His 25-year career in the IT and business solutions industries also included leadership roles at Atos, DXC Technology, Hewlett Packard Enterprise, and Logica.

El Harany is taking over from Osama Sorour (LinkedIn), who had served as CEO since 2022 and will transition to the role of advisor to the chairman and member of the board executive committee, building on his 25-year tenure with the company.

Tags:

Giza Systems moves

Also on our Radar

Robbiki Leather City is getting an EGP 2 bn Turkish project?

MANUFACTURING-

Another FDI-funded leather factory in Robbiki City in the pipeline: An unnamed Turkish leather company has requested the Industry Ministry allocate an 80k sqm land plot to establish a EGP 2 bn (c. USD 39.5 mn) leather factory in Robbiki Leather City, unnamed sources told Al Arabiya. Negotiations are currently underway, with the project expected to be announced soon.

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

REMEMBER- Robbiki Leather City fully allocated all 43 ready-made factories offered up in its first offering early this year. Efforts to attract investment to the project stem from the government’s mission to promote Egypt as an important leather exporter.

#2- Another textile project is coming to Qantara West: Chinese company Gold Star will set up a USD 4.5 mn facility in the Qantara West Industrial Zone to produce ready-made garments following an agreement it inked with the Suez Canal Economic Zone, according to a statement. The 23k sqm facility will export all of its output and generate 2k jobs. The project is the latest in a spate of textile facilities planned for Qantara West by foreign manufacturers, including two projects worth USD 28 mn inked with Chinese companies earlier this week.

DEBT-

Juhayna secures EGP 400 mn from CIB for Tiba subsidiary expansion: Juhayna Food Industries subsidiary Tiba for Trade and Distribution signed a EGP 400 mn financing agreement with CIB to support its expansion and operational efficiency, according to an EGX disclosure (pdf). The medium-term loan, with a tenor of around four years, will fund the acquisition of vehicles and coolers to enhance Tiba’s distribution operations.

ENERGY-

#1- Oil Ministry offers up 13 new oil and gas exploration blocks across the Mediterranean, Gulf of Suez: The Oil Ministry is putting up investment offers for seven undeveloped fields in the Mediterranean Sea and six exploration blocks in the Gulf of Suez and Western Desert through its Egypt Upstream Gateway, according to a statement. The bidding window will remain open for two months until 4 May.

#2- Egypt, Iraq eye energy cooperation: Oil Minister Karim Badawi met with his Iraqi counterpart Hayan Abdul Ghani in Baghdad yesterday where the two sides touched on ways to enhance cooperation in the oil and gas sector, according to a statement. The two officials discussed a potential initiative to refine Iraqi oil at Egyptian refineries and agreed to set up a joint steering committee to implement the energy cooperation discussed.

Tags:

ALSO ON OUR RADAR CIB debt FDI food Juhayna Manufacturing oil and gas textiles

PLANET FINANCE

Wall Street faces sell-off amid threat of tariffs

Wall Street faces worst day of 2025 yet: US stocks had their worst day so far this year after US President Donald Trump confirmed that a 25% levy on Mexico and Canada would go into effect today. The S&P 500 fell nearly 2%, while a tech stock sell-off pushed the Nasdaq down 2.2%, with chipmaker Nvidia losing some 10%. The Dow Jones was not spared, losing 1.5%, not helped by data showing that manufacturing activity eased in the country in February.

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

What happened? Trump confirmed the levies would take place, along with an extra 10% duty on Chinese imports, despite expectations of another potential delay. Trump also confirmed wider “reciprocal” tariffs were coming in April.

BTC also had a bad day: Despite rising the previous day after Trump’s announcement of plans for a BTC strategic reserve, BTC reversed most of the gains yesterday and fell as much as 9% to around USD 85k.

Analysts and traders are not optimistic: Demand for US stocks is likely not high enough to sustain a rebound, a Goldman Sachs analyst said, while JP Morgan strategists also see US tech stocks continuing to face sell-offs amid uncertain economic growth and tariffs, Bloomberg reports. BCA Research downgraded their recommendation for US equities to underweight from neutral, while upgrading European stocks to overweight.

Set to benefit are value-dominated stocks in international markets and tariff-safe emerging market assets. While Wall Street faced a rout, European stocks hit fresh highs yesterday, propped up by a rally in defense stocks after plans were revealed that the EU will be spending hundreds of bns of USD on defense financing for Ukraine.

MARKETS THIS MORNING-

Asian stocks were also impacted by Trump’s tariff announcement, with Japanese stocks falling more than 2%, led by declines in Japanese tech players amid a widening risk-off sentiment as trade war fears grow. South Korea’s Kospi was also down 0.13%, and Hong Kong’s Hang Seng started the day down 1.58%. Meanwhile, mainland China’s CSI 300 index dipped 0.59%.

Over on Wall Street, futures are up slightly as investors brace for the full impact of the implementation of the tariffs.

EGX30	30,989	+0.4% (YTD: +4.2%)
USD (CBE)	Buy 50.59	Sell 50.72
USD (CIB)	Buy 50.60	Sell 50.70
Interest rates (CBE)	27.25% deposit	28.25% lending
Tadawul	12,124	+0.7% (YTD: +0.7%)
ADX	9,560	-0.1% (YTD: +1.5%)
DFM	5,328	+0.2% (YTD: +3.3%)
S&P 500	5,850	-1.7% (YTD: -0.5%)
FTSE 100	8,871	+0.7% (YTD: +8.5%)
Euro Stoxx 50	5,541	+1.4% (YTD: +13.2%)
Brent crude	USD 71.57	-1.7%
Natural gas (Nymex)	USD 4.12	+7.5%
Gold	USD 2,901	+1.9%
BTC	USD 86,297	-8.5% (YTD: -7.8%)

THE CLOSING BELL-

The EGX30 rose 0.4% at yesterday’s close on turnover of EGP 3.6 bn (1.2% above the 90-day average). Local investors were the sole net buyers. The index is up 4.2% YTD.

In the green: Abu Qir Fertilizers (+3.8%), Ibnsina Pharma (+3.8%), and Emaar Misr (+2.5%).

In the red: Egypt Kuwait Holding -USD (-2.2%), Qalaa Holdings (-1.7%), and ADIB (-1.4%).

Tags:

equities Financial Markets Planet Finance

Our weekly deep dive into the green economy and ESG issue in Egypt.

Published every Tuesday in EnterpriseAM.

Read going Green

Going Green

Energy storage is the next horizon for our renewable energy ambitions

Egypt is pushing ahead with plans to expand the role of renewables in its energy mix, targeting 42% by 2030. As part of this effort, the country aims to add 4 GW of new renewable capacity this summer to help avoid power outages. With advances in battery storage technology, expanding the country's energy storage infrastructure has become a priority.

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

The bigger picture: Two years ago, Egypt joined the Battery Energy Storage Systems (BESS) Alliance, a key initiative under the Global Energy Alliance for People and Planet (GEAPP). The alliance aims to secure 5 GW of stored energy capacity by 2024 as a step toward its broader goal of 400 GW of renewables to meet global energy demand by 2030. The initiative is focused on accelerating access to reliable energy storage in developing economies, providing electricity to some 3 bn people worldwide.

A booming global market: The electricity storage sector is expected to expand sixfold by 2030, surpassing 2 TWh in capacity, with annual installations growing at a 21% annual rate, according to a recent World Economic Forum report. China is poised to dominate the market with a 43% share, followed by the US at 14%, while Europe and India are set to rank third and fourth, respectively.

RENEWABLES GENERATION IS BOOMING — AND STORAGE IS THE MISSING PIECE-

Renewables generation is surging in Egypt: There has been a significant jump in renewable electricity generation in 2Q of FY 2024-25, with government projects generating 4.45 GW and private-sector projects adding 3.28 GW, according to data seen by EnterpriseAM. Looking ahead to 2030, the country’s renewables pipeline suggests a major shift, with private-sector projects expected to account for 17.3 GW of new capacity, while government-led projects are set to shrink to just 20 MW, according to the state ownership policy document.

Demand is rising fast: The demand for solar and hybrid energy solutions has skyrocketed since April of last year, growing by more than 60%, Romany Hakeem, the chairman of Beneshty Solar and vice chairman of the Sustainable Energy Development Association told EnterpriseAM. He attributed the surge to rising electricity prices and the government’s fuel subsidy rollback.

Luckily, we have a fast-growing pipeline: By the end of 2025, Egypt’s installed renewable energy capacity is expected to reach nearly 10 GW, alongside 2.85 GW in battery storage. This is set to increase to around 12 GW and 3.35 GW of battery storage by the end of 2026. By 2029, the country aims to reach 20 GW of renewables, in addition to 3.6 GW of nuclear power and 2.4 GW of pumped storage capacity.

This is in line with plans to make Egypt a net energy exporter: Egypt is expanding rapidly intending to become a power exporter, a government source told EnterpriseAM. The government official pointed to recently inked agreements with Acwa Power, AMEA Power, and others as key to accelerating the implementation of the country’s renewables roadmap.

Storage is the missing piece: Battery storage projects will play a critical role in stabilizing Egypt’s power grid, ensuring supply reliability, and improving flexibility across the unified grid. The Electricity Ministry is prioritizing the rollout of smart grid technology to optimize energy management, particularly at hybrid power stations, according to our government source, with Chinese firms set to play a key role in leveraging the technology.

Fortuitously, ramping up storage is becoming increasingly viable: Four years ago, battery storage was expensive and out of reach, Hakeem said. But thanks to technological advancements and falling costs, storage systems have become a conceivable option, particularly in a country like Egypt which enjoys one of the world’s highest solar radiation levels year-round.

We’re already making moves on this front: UAE’s AMEA Power signed an agreement last week with the Egyptian Electricity Transmission Company to develop two battery energy storage systems with a combined capacity of 1.5 GWh. The company will set up a 500 MWh storage station in Benban and a 1 GWh facility in Zafarana, along with the necessary transformer stations and grid connections.

GOV’T IS PUSHING FORWARD POLICY CHANGES, THOUGH CHALLENGES REMAIN-

A supportive regulatory framework is taking shape: The government has introduced new regulations allowing for the purchase of stored electricity from producers, signaling a major investment push. Amendments to the Investment Act have also created unprecedented incentives not only for renewable energy production but also for expanding storage capacity, the government source told EnterpriseAM.

The country’s broader policy overhaul has been critical: Egypt has spent years rebuilding its infrastructure and refining its regulatory framework to attract private investment and international financing in the renewables sector. These efforts have positioned Egypt as one of the most attractive emerging markets for renewable energy investment, according to a cabinet report.

High import duties are a major challenge: Although the government recently reduced customs duties on solar panels and energy storage equipment to 2%, many companies still opt to pay the previous 5% rate to avoid post-import audits by the Customs Authority, Hakeem said. The verification process for lithium batteries is particularly cumbersome, as their diverse applications make it difficult for regulators to confirm they will be used in solar power projects.

Shipping restrictions are pushing up costs: Shipping agents and freight carriers continue to classify lithium batteries as high-risk cargo, imposing surcharges that significantly inflate transportation costs. In some cases, carriers outright refuse to ship them, creating additional supply chain bottlenecks.

Financing constraints remain an issue: Expanding the adoption of solar-plus-storage systems requires financial support. The high interest rate environment remains a significant barrier to scaling up residential and commercial energy storage. Egypt should establish a government-backed fund to offer zero-interest loans for energy storage solutions in residential areas and government buildings, Hakeem suggested. The fund could be financed through savings from reduced fuel and electricity subsidies.

Ready-to-use storage solutions are already on the market: Storage technology has advanced enough to provide a viable alternative to conventional generators during power outages, Hakeem noted. However, awareness of sustainable alternatives remains low, particularly outside of industries targeting exports to Europe.

Your top green economy stories for the week:

The Environment Ministry is in talks with China’s Sinoway to introduce afforestation technology in Egypt, focusing on restoring degraded land, reducing carbon emissions, and combating desertification while addressing water scarcity challenges. (Statement)
Egypt to set up the world’s largest green hydrogen plant? The General Authority for Investment and Freezones is pitching a USD 17 bn investment to build what it says will be the world’s largest green hydrogen plant in South Sinai.
The EU will provide a EUR 90 mn loan for the Egypt Food Resilience project, which will be used to “enhance Egypt’s food resilience by buying wheat and is a testament of the ongoing cooperation in addressing critical challenges, including food security.”

Tags:

energy going green renewables

CALENDAR

MARCH

1-10 March (Saturday-Monday): Egypt will open electronic applications for 2.2k industrial land plots across 22 governorates

4 March (Tuesday): Egypt will host an emergency Arab League summit on Gaza.

4 March (Tuesday): S&P Global to release Egypt’s PMI figures for March.

10 March (Monday): Capmas expected to release inflation data for February.

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

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

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

10 April (Thursday): Capmas expected to release inflation data for March.

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

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

Business-to-business forum of Egyptian and Moroccan companies to promote bilateral trade, Cairo, Egypt.

The Suez Canal Container Terminal will begin trial operations for its expanded East Port Said facilities.

Government begins talks with EU on the second tranche of the of the EUR 5 bn concessional loans package

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.

MAY

10 May (Saturday): Capmas expected to publish inflation data for April.

1 May-10 July (Thursday-Tuesday): 500 Global's Scale Up Program, Cairo

18-20 May (Sunday-Tuesday): First Arab International Exhibition for Sustainable Development.

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

Egyptian Exporters Association (Expolink) exhibition, Italy

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

JUNE

10 June (Tuesday): Capmas expected to publish inflation data for May.

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

1-4 December: Egypt Defence Expo (EDEX), Egypt International Exhibition Centre.

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

December: 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: Nasr Automotive begins locally manufacturing passenger cars.

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

2027: Egypt to host EBRD’s annual meetings for 2027.

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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