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Infrastructure 
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
Gov’t wants to launch over USD 300 mn worth of PPPs at Dekheila Port. PLUS: Cairo International Airport, Le Mans, Citibank, Beyti, CI Capital
The Dekheila Port development plan has reached 45% completion, our source said
Bayt El Khebra is setting up a EGP 15 bn investment fund
The fund will target tourism, real estate, and industrial projects
My Morning Routine: Jaeyung Kwon, co-founder of Museeum
When I was brought in to curate a selection for the GEM shop, it was really important for me that…
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