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AI + Innovation (MENA) 
Infrastructure 
We could be getting up to EUR 7.4 bn from the EU
EUR 1 bn in emergency financial assistance could be extended immediately
We’re in for up to USD 9 bn in funding from the World Bank, EU
Egypt is expecting to secure a total of USD 20 bn in foreign support
THIS EVENING: Are we getting c. USD 3 bn from the World Bank?
Good afternoon, ladies and gentlemen. We’re guzzling coffee while we still can during daylight hours as we gear up for…
Egypt is getting a green data center. Plus: Safaga logistics area, Palm Hills sales, World Bank visit, Adib + Giza Systems, gold exploration tender extended
The data center will be powered by some 200 MWs of solar and wind energy
World Bank downgrades our GDP growth for FY 23/24 to 3.5%
Economic growth could be further hit by the extension of a regional conflict.
More players can set up investment funds. PLUS: Funds for Takaful and Karama, Italian interest in our food sector, new investments from Cairo 3A
MSME finance and consumer finance companies can now set up investment funds
Gov’t to launch pilot mandatory carbon market in 1Q 2024
The World Bank is working alongside the Environment Ministry to get the market off the ground
Egypt to survey land plots for new renewable energy projects. PLUS: Recycling phones, more hotels, and an airline returns to Egypt.
MORE SOLAR + WIND PROJECTS? The New and Renewable Energy Authority (NREA) will run studies on the suitability of almost…
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