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AI + Innovation (MENA) 
Infrastructure 
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
Egypt Education Platform + Modon to launch new school in Alex in 2025. PLUS: News from Banque Misr, MaxAB, Kandil Steel, Qardy, NOSCO, Mastercard and Skoda
Construction on the school will start next year.
Aldar Properties profits up 22% in 1Q 2023, says it is long on Egypt
Emirati developer reports record quarterly sales and backlog in the first quarter of 2023
Domestic headwinds have real estate + construction firms looking for business abroad
Generating FX income abroad would help shore up liquidity to finance more expansions
Al Kharafi + Samcrete awarded EUR 60 mn in contracts for new water infrastructure in Fayoum. PLUS: Cheaper wheat, better mobile networks, O West deliveries
The companies will build a new wastewater treatment plant and sewage networks under EBRD-backed program
SODIC posts higher revenues in 1Q 2023 while inflation impacts sales
Company pauses sales amid soaring inflation
Egypt’s National Dialogue gets underway today + Fed rate decision amid banking turmoil
PLUS: NUCA could break its own securitization record
Foreign investors flock to the gov’t’s Darah Provincial Capitals housing development project
The project aims to develop housing and infrastructure in provincial capitals
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