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Logistics (MENA) 
A look at Egypt’s infrastructure spending priorities for FY 2024-25
Some EGP 186 bn will be allocated to urban development, with EGP 50 bn going to the real estate sector
What are Egypt’s targets and spending plans for the green economy in FY 2024-25?
The gov’t aims to generate 20% of its electricity from renewables in the coming fiscal year
Kastour teams up with China’s Foton to assemble electric buses. PLUS: Ashry Steel, Radwan, Mylerz, SODIC, RMBV
The buses will go to both public and privately-owned public transportation providers and the two companies
Gov’t mulls subsidized loan program for hospitality players to boost hotel room capacity
The initiative will offer investors subsidized loans at a 12% interest rate
Cabinet greenlights freezone, tourist port for Ras El Hekma
Ras El Hekma for Urban Development will set up the free zone and tourist port
Egypt could receive another USD 820 mn tranche in June
The country has met 7 out of 15 structural reform targets set by the fund
Egypt negotiating lease of regasification unit from Norway’s Höegh LNG. PLUS: Exports from Israel to ramp up by 2H 2025
The government is reportedly also in talks with BW Energy to lease a unit from the Norwegian-Singaporian company for a…
Egypt’s FY 2024-2025 draft budget delivered to the House
Next year’s draft budget is the first consolidated public government budget that includes budgets of all the state’s economic bodies
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