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Infrastructure 
Cement industry regains momentum with gov’t support
The gov’t is banking on the sector to boost exports as both local and regional demand picks up
National Bank of Egypt opens its first Saudi branch
PLUS- Hassan Allam Construction will build a new 305-feddan luxury development under a USD 550 mn turnkey contract
Infinity Fabric to set up USD 15 mn factory
PLUS- European Investment Bank is mulling a USD 38 mn equity investment into the EU-Egypt Tanmiya Growth Fund II
Gov’t extends subsidized loan program to support industry, agriculture, renewables
Loans offered under the program will come at a 15% interest rate
More cement production licenses incoming?
PLUS- CIB is planning to apply for a digital banking license early next year
Gov’t grants new exemption periods from delay penalties and fees for under-construction factories
The exemption period will come into effect once approved
EgyptAlum to invest EGP 6 bn in the current fiscal year
PLUS- The Finance Ministry will announce potential investments in Assiut in the coming days
China’s Jinbei draws closer to local assembly lines
Local assembly will initially start with 3k light trucks
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