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NOVEMBER 20 November-18 December (Sunday-Sunday): 2022 Fifa World Cup, Qatar. 27-30 November (Sunday-Wednesday): Cairo ICT and Pafix, Egypt International Exhibition Center, New Cairo. DECEMBER 1 December (Thursday): Sphinx International Airport will begin operating international flights. 1 December (Thursday): Contractors to break ground on Egypt-Saudi interconnection project. 1-3 December (Thursday-Saturday): BiznEX kicks off at Mamsha Ahl […]
Author Archives: enterpriseam admin
Posted inWhat We're Tracking Today
THIS MORNING: FDI, FDI, FDI, and exports
Good morning, wonderful people. It’s another packed news day as we start the final month of the year — and much of the news relates to our favorite subject: FDI and exports. On the FDI front: The Madbouly cabinet had a full agenda at its weekly meeting yesterday, approving its long-awaited state ownership policy document. […]
Posted inUncategorized
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Posted inCEO POLL
HSBC Egypt’s Todd Wilcox on why we should invest in EV manufacturing
We recently had breakfast with 20 top CEOs to talk about why exports and FDI are key to our economy going forward. After reading our five-step recipe for turning Egypt into a global export hub and FDI magnet, participating CEOs agreed to answer two questions on the record for our latest CEO Poll. We have […]
Posted inUncategorized
Todd is also joining us for the Enterprise Climate X Forum, taking place at the Grand Egyptian Museum this coming Tuesday. Are you? We’re delighted that Todd will be taking part in a discussion of how banks and corporates are tackling financing for the most compelling industry of our generation. Joining him on stage will […]
Posted inInvestment Watch
Dozens of multinational firms agree to invest in our outsourcing industry
A major boost to our outsourcing industry: 29 global firms will up their investments in our outsourcing industry under agreements inked with the CIT Ministry’s Information Technology Industry Development Agency (ITIDA), according to a cabinet statement. The agreements will see eight companies opening up offices in Egypt, while 21 firms with an existing presence in […]
Posted inPrivatization
Cabinet’s state ownership policy just advanced a notch, but we need an independent export promotion agency if we want to unlock its benefits
State ownership policy gets final nod from cabinet: The cabinet yesterday approved the final draft of the Madbouly government’s state ownership policy document, following amendments made after months of consultations with public and private-sector stakeholders, it said in a statement. The document will now be presented to President Abdel Fattah El Sisi, who is widely […]
Posted inEnergy
AMEA Power to kick off work on 1 GW renewable energy plants after securing USD 1.1 bn in funding
AMEA Power gets funding to build 1 GW of renewable energy plants in Egypt: Al Nowais subsidiary AMEA Power has locked in USD 1.1 bn in debt and equity for a 500 MW solar plant and 500 MW wind farm in Egypt, according to a cabinet statement. AMEA Power will build, manage, and operate the […]
Posted inM&A WATCH
ADQ’s Agthia now owns 60% of Auf Group
UAE’s Agthia is now the majority owner of Abu Auf: Emirati food and beverage major Agthia has completed its acquisition of a 60% stake in Egyptian food company Auf Group, Agthia said in astatement (pdf). The stake was sold by three members of the Auf family as well as Tanmiya Capital Ventures (TCV), leaving the […]
Posted inCabinet watch
Cabinet approves exec regs on the Water Resources Act
The Madbouly cabinet approved the executive regulations for the WaterResources Act in its weekly meeting yesterday, it said in a statement. The regulations lay out the details of the Water Resources Act, which was signed into law in October 2021 after years of back and forth between legislators. The executive regulations will become official when […]