Egypt Edition 
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AI + Innovation (MENA) 
Infrastructure 
Egyptian-Chinese JV to set up USD 360 mn tire factory in the SCZone
Production is expected to kick off by the end of 2025
Sidpec to set up a USD 159 mn sodium cyanide factory + DP World to look into setting up a freezone in the new capital
Sodium cyanide is the solution commonly used for gold extraction
Beni Suef, Sharqia are getting EGP 4.8 bn worth of projects. PLUS: News from GIZ, EgyFert, Madinet Masr,
The projects are set to be completed within two years
SCA unveils package of incentives to boost yacht tourism. PLUS: News from AOI, DisrupTech, GB Capital
The incentives include a discount on fees
Chevron to start drilling a new gas well soon. PLUS: News from NBE, Raya IT
The project is part of a broader plan to develop gas reserves in the Narges field
GDP growth slowed to 2.4% in FY 2023-24
The figure represents a drop from the 3.8% growth rate recorded during the previous fiscal year
SCZone, Egyptian Holding Company for Silos and Storage to build USD 153 mn grain complex
The facility will store up to 6 mn tons of grain annually
Intro Tech and Oman Data Park to establish a USD 450 mn data center
The data center will partially rely on sustainable technology
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