Egypt Edition 
MENA+ Edition 
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AI + Innovation (MENA) 
Infrastructure 
Get ready to tell your Canadian friends to jump on a plane to Egypt
Good morning, folks. We’ve been incredibly busy over here at EnterpriseAM HQ this week with the annual EnterpriseAM Finance Forum…
What are the government’s plans to boost tourism in the Red Sea?
The Madbouly government is looking to attract tourism investments in the Red Sea region with new zones and development projects
China’s Dayun wants to start locally assembling passenger EVs, trucks, and light transport vehicles. PLUS: Midar, Cairo 3A, Raya CX
The company’s expansion plans involve establishing new production lines and expanding the percentage of local components used
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
AstraZeneca to nearly double local pill production by 2028 as part of USD 50 mn plan. PLUS: BAIC Group, Fiat + Dynamic Distribution, Capricorn, Jaz Hotel Group, Ferrum Egypt, NextEra, Makanak, Melee, City Lab
The big pharma giant also wants to localize 80% of units produced at its Egypt plant by 2028
Jaz Hotel Group to invest USD 215 mn to open six new hotels in 2025. PLUS: Pickalbatros expands hotel portfolio across Morocco
The hospitality player currently owns seven hotels across Morocco
Bayt El Khebra is setting up a EGP 15 bn investment fund
The fund will target tourism, real estate, and industrial projects
Cairo, Ankara deepen cooperation, economic ties during El Sisi’s first official visit to Turkey
The visit, which follows Erdogan’s trip to Cairo in February, is a landmark moment for the two erstwhile regional rivals
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