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Infrastructure 
Egypt transfers ownership of gov’t HQs to the Sovereign Fund of Egypt
The move is part of a wider plan to revamp Downtown Cairo
SCZone inks framework agreements for five industrial projects
The SCZone head Walid Gamal El Din said the agreements signed are the first of 50 others in the works
PIF’s first bond sale of 2024 was 5x oversubscribed
The offering received offers totalling USD 27 bn
Egyptian-British JV to set up animal feed factories worth USD 30 mn
The first of the four factories is slated to come online in two months
Ezdehar acquires minority stake in local pharma delivery startup Yodawy with USD 10 mn investment
The investment will help Yodawy grow through expanding its client base and tech-enabled prescription capabilities
Beltone to manage new gold investment fund Beltone Evolve Gold
The fund aims to raise EGP 10 mn by offering 100k certificates at a nominal value of EGP 100 apiece
Tabreed terminates CapitalMed contract over FX concerns
The company says it remains committed to investing in the country
Finance Ministry to announce new social security package + tax incentives for investments in 2024
The new social security measures and tax policy framework will be discussed during public consultations next month
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