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AI + Innovation (MENA) 
Infrastructure 
Mohammed bin Salman tells PIF to pump USD 5 bn in investments into Egypt in “first phase”
Details on the kinds of investments to be targeted remained sparse
Gov’t to scrap Beni Suef power plant sale?
Good morning, folks. We’ve got another packed issue for you today, full of FDI, renewables, M&A, real estate, and tax…
Bayt El Khebra is setting up a EGP 15 bn investment fund
The fund will target tourism, real estate, and industrial projects
Lighthouse Education to shut down before operations kick off
The decision was prompted by high construction costs
Gov’t to invite bids for USD 3 bn worth of PPP infrastructure projects by the end of the year. PLUS: Beltone to launch two new venture funds
The projects include 15 desalination plants with combined investments of USD 3 bn
US-based Sultan Ventures acquires homegrown startup investor Acasia Group
The acquisition creates a new US-MENA bridge
New tax incentives seek to ease burdens for taxpayers, resolve disputes, and incorporate more taxpayers into the system
Plus — what we’ve heard on the batch of incentives expected next week
Palm Hills to embark on USD 300 mn project to set up 15 Saudi schools. PLUS: Contact Financial, Brotinni, ISIS Organic, EFG Hermes, Ayadi, Vacsera
The developer also has plans to set up ten schools in the Egyptian market
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