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Infrastructure 
Alameda plans USD 50 mn hospital in New Assiut. PLUS: Mercedes EVs, aiBank, Tunisian manufacturer eyes Egypt
This is part of the healthcare provider’s EGP 5 bn expansion plan
Orascom Construction sells chemicals subsidiary for EGP 1.8 bn
OC plans to allocate the proceeds to “growth and value-accretive areas”
Taqa Arabia to establish JV with Saudi gas distributor. PLUS: Network International, Moussy Malt
This is Taqa Arabia’s first step into the kingdom
Rameda revenues up 14% while profits slip in 1Q 2023. PLUS: EKH, Oriental Weavers report 1Q23 earnings
Rameda’s private sales generated more than half of the company’s revenues during the quarter.
Explaining the government’s plans to develop transformative industries in FY 2023-24
The FY 2023-24 plan will see gov’t spending on transformative industries increase 20% y-o-y
Ashok Leyland could partner with El Nasr Auto on EVs
El Nasr Auto has been looking for a new foreign partner since talks with Dongfeng ended in 2021
Emaar to open three new hotels in Egypt by 2024. PLUS: New GASC tender and a Fresh acquisition
Two hotels will open their doors this year
Ezz Steel looks to acquire gov’t-owned shares of Ezz Dekheila Steel
The company would acquire 14% of Ezz Dekheila from the National Investment Bank and the National Bank of Egypt
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