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Logistics (MENA) 
EU + AFD to disburse new funds for Egypt grain silos. PLUS: New Xylem water pump factory
The EUR 60 mn disbursal is part of a EUR 100 mn package announced last year
Alameda plans USD 50 mn hospital in New Assiut. PLUS: Mercedes EVs, aiBank, Tunisian manufacturer eyes Egypt
This is part of the healthcare provider’s EGP 5 bn expansion plan
FinMin announces temporary VAT exemption on imported machinery and equipment. PLUS: Microfirms can borrow more, new PwC center,
Ministry didn’t disclose how long the exemption will remain in place
Fintech startup Axis launches following USD 8.3 mn funding round
The company is backed by Tiger Global, Sawari Ventures and Raba
Taqa Arabia to establish JV with Saudi gas distributor. PLUS: Network International, Moussy Malt
This is Taqa Arabia’s first step into the kingdom
SODIC to acquire 180 acres to expand North Coast Caesar project. PLUS: Scatec meets Sisi, Apache wants more blocks, IHG to open 2 hotels in Sheikh Zayed
The real estate firm has made a downpayment for the land and is finalizing negotiations with NUCA
Scatec to partner on USD 450 mn green methanol plant. PLUS: infrastructure postponed, corn trading, Helpoo stake sale, Evonik
Scatec has become a key player in Egypt’s green energy industry
Ashok Leyland could partner with El Nasr Auto on EVs
El Nasr Auto has been looking for a new foreign partner since talks with Dongfeng ended in 2021
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