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AI + Innovation (MENA) 
Infrastructure 
A look into efforts to localize Egypt’s auto industry
Efforts to localize the auto industry may be starting to bear fruit: The number of automakers looking to locally manufacture…
Kasrawy Group mulling new factory to assemble Jetour, Jac autos. PLUS: Basata + MadfoatCom, Dice + Twin Top, Saint-Gobain, Fertiglobe + Orascom Construction + Scatec, Siemens
The government is now working on allocating land for the firm to build its factory
Fertiglobe rubber stamps EUR 397 mn green ammonia offtake agreement with Germany’s H2Global. PLUS: Oil found, mystery Chinese auto company eyes Egypt, Japanese schools in the works, flight incentives
The move comes over a month after Fertiglobe was selected as the winning bidder in H2Global’s pilot auction
What is the gov’t doing to revive and enhance the building and property sector in the country?
The gov’t has taken steps to resume and fast-track construction permit issuance
Egypt’s MaxAB and Kenya’s Wasoko complete Africa's largest-ever tech merger
The merger establishes a Pan-African platform serving Africa's USD 600 bn informal retail sector
India is looking into setting up a USD 60 mn carbon black factory in Egypt
Local officials met with representatives from major Indian companies working in the carbon black, green hydrogen, furnishings, and automotive industries
MENA Glass nearly doubles stake Middle East Glass to c 93.7%
Stakeholders agreed to offload 25.1 mn shares in an EGP 2.8 bn transaction
Pharma sector requests raw ingredient customs breaks, packaging VAT breaks. PLUS: pharma monopolies beware, Menthum + CI Capital, Palm Hills Developments, Kraft Heinz
Around 90% of the raw materials used in the pharma industry are imported
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