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EGAS is setting up a JV to supply Europe with gas. PLUS: News from Beltone, Amoun, FRA, CBE, GB Capital
The JV will focus on the trade, transport, supply, and regasification of natural gas in Eastern European countries and Greece
SODIC launches latest flagship commercial destination: New Cairo’s EDNC
The real estate developer say the project will “redefine New Cairo’s retail and leisure landscape”
Dragon Oil is looking to invest more in Egypt. News from UN, El Gouna, AAIB
The government owes Dragon Oil USD 200 mn in receivables
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
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