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AI + Innovation (MENA) 
Infrastructure 
Recapping Egypt’s manufacturing development strategy through to 2030
Government sees transformative industries accounting for 20% of GDP by 2030
AD Ports inks USD 3 mn initial agreement to run three cruise terminals. PLUS: ex-NDP HQ complex, Russian EV factory, Tasweyat capital increase
AD Ports is expected to ink the final 15-year concession agreement in 1Q 2024
Car sales jump in November to a 2023 record
Distributors sold over 9.9k vehicles in November, the highest monthly figure since September 2022
EIB, EU extend EUR 165 mn to green our industrial sector. PLUS: Jinbei’s buys Brilliance stake, GUPCO, data centers, steel price rises, sugar tenders
The funds will help the private and public sector combat industrial pollution
GB Corp’s Drive raises EGP 1.47 bn in fresh securitization
This is the second time this month the GB Corp subsidiary has taken to the securitization market
GB Corp’s Drive closes EGP 1.4 bn securitized bond issuance
The issuance is the first in a three-year EGP 5 bn securitization program
Autostartup Mtor lands USD 2.8 mn in pre-seed round, Lychee closes series A
The pre-seed round was led by Egyptian venture capital firm Algebra Ventures
Naguib plans to invest over USD 120 mn to turn motorcycles and tuk-tuks into EVs
The project will be carried out by the e-mobility startup BluEV, which is chaired by Sawiris
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