Egypt Edition 
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AI + Innovation (MENA) 
Infrastructure 
Egypt’s current account deficit quadruples in FY 2023-24
The deficit was driven by a significant increase in the trade deficit and a decline in Suez Canal revenues
Intro Tech and Oman Data Park to establish a USD 450 mn data center
The data center will partially rely on sustainable technology
More locally-made BYD models to come? PLUS: News from USAID, Premium Healthcare, Oppo
The models will include a hybrid and a gasoline-powered model
Premium Healthcare wants to increase its capital. PLUS: News from SCZone, Magnom Properties
The company is considering raising its capital through share swaps with acquired entities
Al Mansour Automotive to invest USD 100 mn in the local market
The company will use the funds to enhance its local manufacturing capabilities
What international investors want to see from Egypt moving forward
One area of concern is the lack of regulatory clarity
Alexandria for Industrial Development to build USD 120 mn worth of turnkey factories for foreign companies. PLUS: United Bank, Fawry, Raya CX, eAswaaq + Post for Investment, Trellix
The company is currently setting up a pipe manufacturing facility for a Chinese investor
Talk shows home in on the health crisis in Aswan
“The truth of the matter must be announced within 48 hours” Adib said
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