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Cabinet approves USD 88 mn auto cables plants, ATIDI membership, fresh foreign assistance
The factory will earmark a sizable portion of its output — made using 60% locally-sourced materials — to exports
A look at Egypt’s infrastructure spending priorities for FY 2024-25
Some EGP 186 bn will be allocated to urban development, with EGP 50 bn going to the real estate sector
What are Egypt’s targets and spending plans for the green economy in FY 2024-25?
The gov’t aims to generate 20% of its electricity from renewables in the coming fiscal year
Kastour teams up with China’s Foton to assemble electric buses. PLUS: Ashry Steel, Radwan, Mylerz, SODIC, RMBV
The buses will go to both public and privately-owned public transportation providers and the two companies
EFG Hermes ONE to launch a digital onboarding process. PLUS: GREGY tenders go live, Qatari developer eyes Sixth of October project
EFG Hermes One is the first in the country to get the green light from the FRA for the new…
IFC’s Sustainable Banking and Finance Network upgrades Egypt’s sustainable finance rating
The SBFN attributed the upgrade to “collaboration among Egypt’s financial regulatory bodies” to promote sustainability
Italian energy giant Eni slows down Egypt operations. PLUS: More incoming LNG shipments, foreign funding for high-speed rail, Hassan Allam + Siemens land GCC railway project, new Nobu project
Eni had announced as recently as September its intention to invest USD 7.7 bn with its partners in Egypt over…
How can Egypt boost real estate exports efforts?
Encouraging more int’l companies to open HQs in Egypt and attracting real estate funds could boost real estate exports
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