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Infrastructure 
IHG Hotels, Jadeer to set up 120-key hotel in New Cairo
PLUS- CPC Industrial Development Company will build a new 1.2 mn sqm industrial zone in Sadat City
Visa notes uptick in summer spending
Visa premium card spending was up 44% y-o-y this summer thanks to strong growth in outbound travel, dining, and e-commerce…
Gov’t to grant firms operating in the planned Russian Industrial Zone decades of incentives
PLUS- Premium Healthcare to acquire Upper Egypt’s largest lab chain
A stolen ancient Egyptian gold bracelet catches the international press’ attention
The bracelet disappeared from the Egyptian Museum’s restoration lab
Cabinet mulls fresh incentives to boost hotel room capacity
The new exemptions apply only to hotel facilities and have nothing to do with tourist establishments
DP World, Elsewedy Industrial Development to set up USD 20 mn cold storage facility
PLUS- CI Capital PE for Fund Management and Investment and Engazaat are launching a USD 200 mn green infrastructure fund
Gov’t is looking to increase tourism revenues to USD 24 bn by FY 2028-29
The figure marks a 40% increase from the USD 16.7 bn recorded in the last fiscal year
The Red Sea could be looking at 5 new tourism projects
The Red Sea is a tourism hotspot that is currently looking at a shortage in hotel rooms
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