Egyptian-French consortium awarded Cairo-Alexandria freight railway project

Wednesday, 3 Dec 2025

Egyptian-French consortium awarded Cairo-Alexandria freight railway project

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Today at a glance

Logistics

Cairo-Alexandria freight railway awarded to Egyptian-French consortium.

Real estate

TMG eyes USD 4.7 bn in sales from newly inaugurated Oman developments.

Banking

Net foreign assets continue to rise in October, reaching USD 22.7 bn.

Moves

Banque Misr taps Amr Demerdash as head of corporate banking.

Also on our Radar

A USD 2.4 bn waste recycling plant?

PLANET FINANCE

Pundits pencil-in rate cut next week as Fed divisions widen on where the cycle should stop.

HARDHAT

Will liquid cooling decide who leads the AI race in the region?

What We're Tracking Today

Egypt’s LNG imports jumped 188% y-o-y in 2025 so far

Good morning, friends. It’s another quiet news day here on the home front as we inch closer to closing out the first week of December. Logistics and real estate lead today’s news well — the Madbouly government has settled on an Egyptian-French consortium to carry out the Cairo-Alexandria freight railway and real estate giant Talaat Moustafa Group has inaugurated its first Omani developments.

PSA-

WEATHER- It’s another cool day in Cairo, with a high of 23°C and a low of 14°C, according to our favorite weather app.

It’s more or less the same in Alexandria, with a high of 22°C and a low of 14°C.

WATCH THIS SPACE-

The Madbouly government is preparing Egypt’s first full-scale nationwide local investment map to channel private-sector capital into projects across all governorates, three government sources told EnterpriseAM. The initiative — now being folded into the updated State Ownership Policy — will list untapped assets and projects in every governorate.

It is hoped the electronic platform will broaden private-sector participation across local development plans, the sources said. Early opportunities include logistics hubs, cold-chain zones, poultry and agricultural projects, and other underutilized assets identified by local authorities.

Promising commercial and logistics zones — including state-owned land parcels in Mansoura, Kafr El Sheikh, and Gharbia — have already been shortlisted ahead of offering, one source told EnterpriseAM. Five Egyptian-foreign consortiums have submitted proposals for logistics and commercial developments in the Delta, which are now under government review as part of a broader strategy to expand private investment outside Greater Cairo.

HAPPENING TODAY-

#1- S&P Global will release PMI figures measuring non-oil private sector activity for November later this morning and many are hoping that we will see some progress towards breaking our eight-month streak in the red.

Last month’s report came with encouraging news, with the index edging up to 49.2, 0.8 points short of the 50.0 threshold that separates growth from contraction. The sector has only pushed up into the green twice since November 2020 and has a series average of just 48.2.

Economic conditions are challenging, but the business community is more hopeful than it's been a while, with survey participants expecting an uptick in demand and overall economic conditions. And with the data set to be released in a matter of hours, we will be able to see if they're right.

** Can’t wait for the full rundown in tomorrow’s edition of EnterpriseAM? Today’s EnterprisePM has you covered with a teaser of tomorrow’s story in its Big Story at Home section — subscribe here if you haven’t already.

#2- It’s day three of the Egypt Defence Expo (EDEX) at the Egypt International Exhibition Center. The event, which is running until tomorrow, will showcase the latest land, sea, and air defense technologies. The event is expected to bring together over 40k visitors to check out the 450 exhibiting companies.

DATA POINT-

LNG imports jumped 188% y-o-y in the first 11 months of 2025 to 7.8 mn tons, according to data seen by CNN Business. Full-year volumes are set to close out above 8.5 mn tons, CNN said, citing a government official, noting that these cargoes come on top of ongoing Israeli gas imports to cover domestic demand.

In 3Q alone, imports jumped 169.2% y-o-y to 3.5 mn tons, becoming the main driver behind the Middle East’s import surge to 7.2 mn tons of LNG over the same period, the outlet added citing data from the Independent Commodity Intelligence Services.

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THE BIG STORY ABROAD-

Russian President Vladimir Putin met US special envoy Steve Witkoff in Moscow to discuss ways to end the war in Ukraine. Putin’s aide Yuri Ushakov described the discussions as “constructive” but said much work remains. The meeting followed US consultations with Ukrainian officials in recent weeks to revise a 28-point peace proposal criticized for favoring Moscow. (Reuters | BBC | Axios | New York Times | CNN | Washington Post)

In Washington, US President Donald Trump said he will announce his nominee for Federal Reserve chair in early 2026, naming White House economic adviser Kevin Hassett as a leading contender to replace Jay Powell when his term ends in May. Trump said the search, which once included about ten candidates, is now “down to one,” though final interviews with senior officials will continue in the coming weeks. The president reiterated his criticism of Powell for not cutting interest rates fast enough. (Financial Times | Reuters | Bloomberg)

Meanwhile in crypto markets, BTC climbed back above the USD 90k mark, rebounding after a steep selloff, Bloomberg reports. The recovery came after the Securities and Exchange Commission signaled plans for an “innovation exemption” for digital asset firms and Vanguard announced it would allow trading of crypto-focused ETFs and mutual funds on its platform. Despite the recovery, sentiment remains fragile with traders staying cautious ahead of next week’s Fed rate decision.

*** It’s Hardhat day — your weekly briefing of all things infrastructure in Egypt: EnterpriseAM’s industry vertical focuses each Wednesday on infrastructure, covering everything from energy, water, transportation, and urban development, as well as social infrastructure such as health and education.

In today’s issue: We look at the how and why of liquid cooling quickly becoming one of the main factors that determine if a data center can keep up with the global GPU arms race.

Tags:

oil and gas What We're Tracking Today

ATP tennis returns to Egypt after 15 years: Somabay to host the Somabay Open – ATP Challenger 50 With the Somabay Open – ATP Challenger 50, Somabay once again steps into the spotlight of international tennis. From 17 to 23 November 2025, professional players from around the world will gather on Egypt’s Red Sea coast for a tournament that marks the next milestone in the destination’s sporting evolution.

Logistics

Cairo-Alexandria freight railway awarded to Egyptian-French consortium

EUR 540 mn Cairo-Alexandria freight railway awarded: The Madbouly government has awarded the EUR 540 mn Cairo-Alexandria freight railway bypass to a consortium of French and local firms, a government source told EnterpriseAM.

The details: The project will be implemented in three phases — kicking off halfway through 2026 and slated for completion in 2030. When the project was first announced a few years back, it was said that it will be able to handle 15 container trains per day by 2030 and up to 50 trains by 2060.

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

Who’s involved? The alliance features French rolling stock company Alstom, Egyptian engineering firm Concrete Plus, and Elsewedy Electric subsidiary Rowad Modern Engineering, sources told Asharq Business. The consortium will be responsible for the design, supply, and operations of the project’s mechanical systems, signals, and central control systems.

There was a lot of competition for the project, with five international firms reportedly qualifying for the project back in 2023.

And who’s paying? The project will be fully funded by the World Bank’s International Bank for Reconstruction and Development, our source said.

It’s been a long time coming: The project has been on our radar since 2022, after the World Bank approved a USD 400 mn financing agreement to boost the performance of the country’s transport and logistics sectors and support a shift towards low-carbon rail systems. It appears the amount agreed upon has increased to accommodate the project’s updated price tag.

IN CONTEXT- The project is one of seven logistics corridors the government is looking to develop in the years to come — part of a major plan to boost logistic channels in the country. It aims to hike freight capacity from 8 mn tons a year to 13 mn tons a year by 2030.

Alstom’s coming in heavy: Alstom upped the investment ticket for its Borg El Arab railway manufacturing complex, up to EUR 100 mn, Egypt Managing Director Ramy Salah Eldeen told EnterpriseAM on the sidelines of TransMEA last month. The firm inked a land usufruct agreement with the General Authority for Land and Dry Ports for the project in April — at the time the project had a EUR 80 mn price tag.

Tags:

Alstom logistics transport

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Real estate

TMG eyes USD 4.7 bn in sales from newly inaugurated Oman developments

Introducing Yamal and Jood, Talaat Moustafa Group’s (TMG) newest overseas development, which it inaugurated earlier this week, alongside with launching sales, the EGX heavyweight said in a disclosure (pdf) to the bourse. The two developments in Oman span a collective 4.9 mn sqm west of Muscat and will offer around 15k residential and hotel units, which the developer thinks will bring in USD 4.7 bn in sales over the lifetime of the projects.

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

The largest of the two projects, Jood, will span 2.7 mn sqm within Sultan Haitham City — a planned smart city that will sit just outside of the capital Muscat. TMG boasts that the project will feature a range of residential units, large green areas, commercial and service facilities, recreational zones, and medical and educational amenities, in addition to a social sports club.

Yamal is a coastal tourism and residential project covering 2.2 mn sqm with 1.8 km of beachfront. The development is positioned as an upscale tourism and residential community featuring luxury homes, international hotels, entertainment zones, a marina, marine sports facilities, and integrated lifestyle services.

We first heard of the project back in May, after the developer inked an agreement with the Omani Housing Ministry to develop the then-unnamed two mixed-use developments in the Gulf nation. At the time it was said that the projects will see investments of OMR 1.5 bn.

Oman is just the latest country in the region that TMG has launched large-scale projects in, with the once Egypt-focused company now working towards building a USD 10 bn project in Iraq and its USD 17.3 bn Benan City project in Saudi Arabia, which is already under construction.

Tags:

Oman real estate Talaat Moustafa Group

Banking

Egypt’s net foreign assets continue to rise in October, reaching USD 22.7 bn

Net foreign assets (NFAs) in Egypt’s banking sector continued to rise in October, reaching USD 22.7 bn, rising more than 9% (USD 1.9 bn) from September, according to data from the C entral Bank of Egyp t. On an annual basis, our banking sector more than doubled its net foreign assets, from USD 9.2 bn in October 2024.

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

The improvement reflects an increase in foreign currency inflows, particularly from remittances and foreign investments in treasury bills, economist Hany Abou El Fotouh told EnterpriseAM. However, he noted that despite the positive rise in net foreign assets, the improvement remains tied to temporary factors such as foreign investment and remittance inflows, which makes it unlikely to be sustainable in the long term unless it is supported by genuine structural reforms.

Why do NFAs matter? Think of NFAs as the banking system’s core financial buffer — the net difference between the foreign currency banks hold (assets like USD and EUR) and what they owe to entities abroad (liabilities). A positive and growing NFA signals health: a strong capacity to cover import bills. In that case, the EGP will generally hold steady or even appreciate. But when NFAs shrink or turn negative, it means we owe more FX than we hold — and that’s when the EGP tends to slide against key foreign currencies.

Data breakdown: Commercial banks’ net foreign assets recorded a surplus of USD 10.9 bn in October, up from the USD 9.8 bn seen in September. Foreign assets in commercial banks increased to USD 43.3 bn, up from around USD 41.7 bn a month earlier, while liabilities increased to USD 32.4 bn during the month.

The central bank recorded a surplus of nearly USD 11.8 bn by the end of October, up from USD 11.1 bn in September. Foreign assets rose to USD 49.2 bn during the month, slightly up from USD 48.6 bn a month earlier, while liabilities inched down slightly to USD 37.4 bn from 37.5 bn in September.

Tags:

banking Central Bank of Egypt foreign exchange

Moves

Banque Misr taps Amr Demerdash as head of corporate banking

Banque Misr has appointed Amr Demerdash (LinkedIn) as its new head of corporate banking and syndicated loans, according to a statement seen by EnterpriseAM. Damardash has nearly 30 years of experience in banking, having held senior roles at major institutions in Egypt and abroad including Ahli United Bank, ADIB Egypt, Barclays Egypt, Commercial Bank of Qatar, and CIB. He joined Banque Misr in 2020 as general manager of corporate credit, later heading the SME and microfinance division from July 2022 until his new appointment.

PLUS- Palm Hills Developments announced that Group Co-CEO and Managing Director Tarek Tantawy (LinkedIn) will step down from his executive role in January 2026 to pursue another role, according to a company statement (pdf). Tantawy will remain on the board as a non-executive director. The company will continue to be led by Chairman and CEO Yasseen Mansour and Hazem Badran as Co-CEO and Managing Director.

Tags:

Banque Misr moves Palm Hills Developments

Also on our Radar

A USD 2.4 bn waste recycling plant in Giza?

RENEWABLES-

UK-based Polar Hydro is looking to set up a USD 2.4 bn waste recycling plant in Giza under a private freezone system, according to a statement from the Industry Ministry. The facility would convert solid household waste into biofuel and organic fertilizers for local use and export. The project would help safely dispose of waste, create jobs, and support local industry.

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

What’s next? Government officials will meet with company representatives to finalize the project’s studies ahead of presentation to the Ministerial Group for Industrial Development.

TELECOMS-

Telecom Egypt expects to fully settle its outstanding debts over the next four to five years, the company said in an disclosure (pdf) to the EGX, confirming guidance it shared with analysts during its 3Q 2025 earnings call.

EDUCATION-

Maxim Investment Group plans to pump EGP 6 bn into a new university in the new capital in partnership with a major UK institution, CEO Samieh Amer told Al Mal. The fully self-financed project will focus on medical and engineering programs and is slated to open in the 2026-27 academic year.

The company is also planning a second engineering-focused university in Beni Suef, offering advanced programs in engineering and technology. Amer said the expansion is part of Maxim’s wider 2026 strategy to build an integrated education-healthcare-medical-tourism ecosystem.

Tags:

ALSO ON OUR RADAR Education hospitality renewables Telecom Egypt TELECOMS

PLANET FINANCE

Pundits pencil-in rate cut next week as Fed divisions widen on where the cycle should stop

The see-sawing of expectations for what’s to come at next week’s US Federal Reserve interest rate meeting continues, with expectations for a 25 basis point cut now at 89.2%, according to CME's FedWatch Tool, up from 63% a month ago. This would come on the heels of two 25 bps cuts in September and October, with the latest cut bringing the target range down to 3.75-4% as policymakers grappled with weak labor data and murky economic indicators in the wake of the government shutdown.

This also comes as a lack of consensus among Fed officials deepens. Fed Chair Jerome Powell noted “strongly differing views” within the rate-setting committee over whether to focus on price stability or maximum employment.

Policymakers are also split about what a neutral rate — the level that neither stimulates nor restrains the economy — would be ahead of Fed officials giving their predictions next week, with estimates diverging more than at any point since 2012, Bloomberg reports. Estimations from September put it between 2.6-3.9%, with 19 officials coming up with 11 different predictions.

There’s always some disagreement over where the neutral rate — also known as r-star — is, especially because it can only be inferred and later judged in the rearview mirror, but this time, the degree of disagreement is more intense — and potentially, more consequential. “It starts to become potentially a binding constraint for some of the more hawkish Fed members,” Stephen Stanley, chief US economist for Santander, said. “It definitely means that each successive cut becomes harder and harder.”

AI + tariffs influencing the outlook: Broader AI adoption could lift productivity and push the neutral rate higher, according to Minneapolis Fed President Neel Kashkari. Investment in AI, along with supportive fiscal and monetary policies, were cited as factors helping the global economy cope with US President Donald Trump’s tariff agenda, according to an OECD report cited by Bloomberg. Fed Governor Stephen Miran, on the other hand, maintains that US policies like tariffs and tax cuts may be pushing neutral rates lower, supporting the case for more easing.

Looking ahead: A changing of the guard at the Federal Reserve in 2026 could also reshape views on the neutral rate, with incoming policymakers expected to lean toward lower interest rates — adding another layer of uncertainty to the path of future policy.

Speaking of: US President Donald Trump is set to announce the new Fed Chair early next year, he said last week, and White House economic adviser Kevin Hassett is a top contender. His election would grant Trump a 5-2 majority on the board of the central bank.

MARKETS THIS MORNING-

Asian markets are mostly in the green after Wall Street indices rallied yesterday, with South Korea’s Kospi leading gains with a c.1.1% rise, Japan’s Nikkei climbing more than 0.7%, and China’s CSI 300 adding 0.2%. Hong Kong’s Hang Seng was the only outlier, dipping 0.7%. Over on Wall Street, futures point to another strong open on the heels of the tech-fueled rally.

EGX30	40,626	-0.2% (YTD: +36.6%)
USD (CBE)	Buy 47.45	Sell 47.58
USD (CIB)	Buy 47.47	Sell 47.57
Interest rates (CBE)	21.00% deposit	22.00% lending
Tadawul	10,536	-0.1% (YTD: -12.5%)
ADX	9,747	+0.4% (YTD: +3.5%)
DFM	5,837	+0.4% (YTD: +13.2%)
S&P 500	6,829	+0.3% (YTD: +16.1%)
FTSE 100	9,702	0.0% (YTD: +18.7%)
Euro Stoxx 50	5,686	+0.3% (YTD: +16.1%)
Brent crude	USD 62.45	0.0%
Natural gas (Nymex)	USD 4.86	+0.3%
Gold	USD 4,250	+0.7%
BTC	USD 91,655	+6.0% (YTD: -2.1%)
S&P Egypt Sovereign Bond Index	971.58	-0.1% (YTD: +25.0%)
S&P MENA Bond & Sukuk	151.91	-0.3% (YTD: +8.6%)
VIX (Volatility Index)	16.59	-3.8% (YTD: -4.4%)

THE CLOSING BELL-

The EGX30 fell 0.2% at yesterday’s close on turnover of EGP 7.8 bn (53.1% above the 90-day average). Regional investors were the sole net sellers. The index is up 36.6% YTD.

In the green: CIB (+1.8%), Credit Agricole (+1.7%), and Rameda (+1.2%).

In the red: Qalaa Holdings (-4.7%), Misr Cement (-3.8%), and EFG Holding (-2.7%).

Tags:

Financial Markets interest rates Planet Finance US Federal Reserve

HARDHAT

Will liquid cooling decide who leads the AI race in the region?

Egypt is moving quickly to carve out a regional role in the data center industry, with AI-driven demand for high-performance computing growing across the world. And while the country is attracting new, albeit limited, investments and building the supporting infrastructure, liquid cooling — not electricity alone — is emerging as the deciding factor between facilities that can keep up with the global GPU arms race and those that fall behind under extreme heat densities. This increasingly important part of emerging economies forces Egypt to confront a hard question: how do you scale data centers that require high water-use rates in a country already plagued with chronic water scarcity?

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

Egypt’s data center footprint remains small — and the region is pulling ahead. Egypt currently hosts just 5.5% of the MENA region’s data centers. The country houses only 14 operational facilities, according to the Data Center Map (DCM). Saudi Arabia leads the region with 36 centers, followed by the UAE with 32. Even Oman surpasses Egypt with 15 centers despite having a population more than twenty times smaller. Egypt also trails several African peers, with South Africa leading the continent with 47 centers and Kenya with 18.

Liquid cooling is no longer an optional extra, but a foundational requirement for any modern data center that wants to keep pace with AI workloads, experts said during a session titled Innovations in Liquid Cooling at the AI Data Centers and Cloud Conference last month. Egypt stands at a pivotal moment as demand for high-performance computing grows and heat densities per rack climb to as much as 100 kW, a threshold air cooling can no longer support.

Why liquid cooling — and why now? Sector specialists explained that building a sustainable digital ecosystem is now a strategic necessity tied to future investment and cybersecurity. With GPU power increasing rapidly, air cooling simply cannot meet the new thermal loads. Liquid cooling has become the only viable method — at least for now — to protect the massive capital investments going into compute infrastructure, said Ecolab’s Roula Eid. Investment in data centers has shifted from a trend to an existential requirement for digital growth, added LiquidStack’s John Shehata. Meanwhile, Meinhardt’s Ahmed Mostafa said that adopting liquid cooling — or hybrid systems — is now the only path to handling current thermal densities. Water, noted Johnson Controls Arabia’s Maher Moussa, has become significantly more effective than air in dissipating heat inside modern data centers.

Why the shift? Liquid cooling delivers a clear operational edge as it can cut power consumption by around 30%, Eid said. It also offers heat-transfer performance 20-30x higher than air, according to both Shehata and Eid. Advanced systems like direct-to-chip and cold-plate cooling further boost efficiency and allow high-density deployments. Some solutions rely on fluid-phase change to achieve even better heat-management performance, Shehata added.

A new engineering paradigm — and infrastructure in need of a major lift. Experts agree that Egypt has strong potential in the data center space, but liquid cooling adoption will require sweeping changes in design and operations. Mostafa noted that low institutional awareness was a barrier in the past, but is now fading as global investors enter the market. Shehata called for a national initiative to develop pre-zoned sites for data center clusters, equipped with integrated energy and water infrastructure, especially as individual facilities may need 50-100 MW of electricity. Modern data center design, he said, relies on holistic systems that combine engineering, automation, and continuous monitoring.

Prefabricated units are becoming essential to reduce risk and improve liquid-cooling pipework quality, said Victaulic’s Abdelrahman Mokheimer. As hyperscalers enter the market, design is increasingly shaped by technology vendors, and integrating HVAC, power, and control systems is now mandatory to maintain performance at various Tier standards, Moussa added.

Egypt’s most significant challenge remains its water reality. Scaling high-energy, high-water-consumption data centers puts the country in a delicate position. How can Egypt attract hyperscalers and global AI players when it already faces an annual water deficit of around 7 bn cubic meters? Without a national framework that regulates water-use standards for data centers or incentivizes alternatives such as closed-loop immersion systems or water recycling, Egypt’s ambition to become a regional compute hub could run into environmental and economic barriers that cannot be ignored.

Water governance will make or break Egypt’s data-center ambitions. Experts argue that developing explicit national policies for water resources — along with incentives for advanced water-management technologies within new facilities — will be crucial for Egypt’s ability to accommodate future growth without overburdening its critical natural resources.

Your top infrastructure stories for the week:

Egypt is gearing up for the return of ships to the Suez Canal with a USD 1 bn plan to build bunkering stations along the canal.
The Damietta Container and Cargo Handling Company partnered with G3A on a rail link to and from the Damietta Container Terminal.
The Madbouly government will sign the management and operationscontract for Galala Marina next month, which will see the marina operated by Nautix — the marine services company owned by businessman Magdi Ghali.

Tags:

AI Data Centers Hardhat

CALENDAR

DECEMBER

1-4 December (Monday-Thursday): Egypt Defence Expo, Egypt International Exhibition Center.

1-12 December (Monday-Friday): IMF mission for extended fund facility program reviews.

3 December (Wednesday): S&P Global to release PMI figures for November.

4-7 December (Thursday-Sunday): Egy Stitch & Tex Expo 2025, Cairo International Conference Center.

6 December (Saturday): International Procurement Supply Chain Conference, Cairo, Egypt.

10 December (Wednesday): Capmas to release inflation data for November.

15 December (Monday): Neo Gen PropTech and Sustainable Smart Cities Conference, The St. Regis Hotel New Capital

25 December: (Thursday): Monetary Policy Committee meeting.

EVENTS WITH NO SET DATE

2H 2025: Potential visit by Chinese President Xi Jinping to Egypt

4Q 2025: The beginning of construction works on China’s State Grid two solar projects.

4Q 2025: GB Auto starts assembling one of China’s Great Wall Motor models in 4Q 2025.

4Q 2025-1Q 2026: Kasrawy Group to launch first Avatr EV models in Egypt.

2025: The InterAcademy Partnership assembly.

2025: Nile Basin States Summit, Cairo, Egypt.

2025: Release of the government’s Startup Charter document.

Before 2025-end: The government will launch two ro-ro shipping lines with Saudi Arabia and Turkey.

2026

JANUARY

1 January (Thursday): European Union’s Carbon Border Adjustment Mechanism (CBAM) to fully come into effect.

7 January (Wednesday): Coptic Christmas.

25 January (Sunday): Revolution Day / Police Day.

FEBRUARY

10-12 February (Tuesday-Thursday): Gitex Global’s AI Everything Middle East & Africa Summit

19 February (Thursday): First day of Ramadan (TBC).

MARCH

15 March (Sunday): IMF to hold its seventh review of Egypt’s USD 8 bn EFF arrangement.

21 March: (Saturday): Eid El Fitr starts (TBC).

30 March - 1 April (Monday-Wednesday): Egypt International Energy Conference and Exhibition 2026 (EGYPES)

APRIL

12 April (Sunday): Coptic Easter.

25 April (Saturday): Sinai Liberation Day.

MAY

1 May (Friday): Labor Day.

27-29 May (Wednesday-Friday): Eid El Adha (TBC).

May: NEBU Egypt’s Gold & Jewelry Exhibition.

JUNE:

30 June (Tuesday): National holiday in observance of June 30 Revolution (TBC).

JULY

23 July (Thursday): National holiday in observance of Revolution Day (TBC).

AUGUST

26 August (Wednesday): National holiday in observance of Prophet Muhammad’s birthday (TBC).

SEPTEMBER

15 September (Tuesday): IMF to hold its eighth review of Egypt’s USD 8 bn EFF arrangement.

27-29 September (Sunday-Tuesday): Egypt will host the fourth edition of the Global Conference on Population, Health and Human Development.

OCTOBER

6 October (Tuesday): Armed Forces Day.

EVENTS WITH NO SET DATE

Early 2026: Passenger operations on the New Administrative Capital–Nasr City monorail scheduled to begin.

1Q 2026: Trial operations for the Ain Sokhna–Sixth of October section of Egypt’s first high-speed rail line scheduled to begin.

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

2H 2026: Operations at Deli Glass Co’s new USD 70 mn glassware factory kick off.

2027

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

April 2027: Tenth of Ramadan dry port and logistics hub to begin operations.

EVENTS WITH NO SET DATE

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

2027: Egypt-EU Summit 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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