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AI + Innovation (MENA) 
Infrastructure 
Spanish Konecta announces USD 100 mn Egypt expansion plans
Konecta will set up a regional HQ in New Cairo
Global call center giant Foundever to increase investments to EUR 65 mn to expand Egypt operations
The government wants to see digital outsourcing services bring USD 9 bn into the economy annually as of 2026
Deloitte launches Cairo innovation hub with three-year, USD 30 mn investment to boost service exports
Deloitte wants to hire 5k of the country’s “top-tier talent”
Egyptian farmers in Greece. PLUS: Fresh investments from Prometeon and DisrupTech and an outsourcing freezone?
Greece could extend seasonal employment contracts to Egyptian construction and tourism workers as well
Raya Contact Center’s board greenlights full acquisition of Gulf CX. PLUS: Oxy Egypt’s UAE expansion, new private freezone plans, Ras El Hekma marina greenlit
Raya CX acquired an 85% stake in the company in 2021
How can Egypt boost real estate exports efforts?
Encouraging more int’l companies to open HQs in Egypt and attracting real estate funds could boost real estate exports
ASCOM acquires stake in Canadian gold producer. PLUS: News from Gold Era and NBE
ASCOM’s APM Investment Holding has sold its 35% stake in Kurmuk Gold Project
Benya and Khazna to break ground on 25 MW data center in 1Q 2024. Plus: Osilan, Protech, Beltone, Capgemini, and more
The project cost comes in at a total of USD 250 mn
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