Egypt Edition 
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AI + Innovation (MENA) 
Infrastructure 
What the IEA says the global electricity grid needs — and where Egypt’s grid stands
Global electricity grids need to double in size by 2040 in order to meet climate targets
Xinxing scales back planned steel plant
The company had reduced the size of the plant by half, and will now invest USD 930 mn in the…
Qatar’s Baladna is planning to invest USD 1.5 bn in our dairy industry
Got milk? The Suez Canal Authority signed a joint cooperation memorandum with Qatari dairy producer Baladna that will see USD…
Capital is leaving China at the fastest pace since 2016
The country’s currency is facing renewed pressure after investors pulled USD 75 bn in net outflows in September
EIPICO wants USD 70 mn to build third factory. PLUS: GYPTO Pharma signs EGP 4 bn worth of agreements with Saudi firm
The two banks in question to provide the funding are Qatar National Bank and Banque du Caire
Tax incentives and policy stability will be hallmarks of FinMin’s upcoming tax policy framework
The document outlines the Finance Ministry’s plans for tax reform to encourage FDI and reassure investors
Saudi Bashayer could deploy an initial EGP 1 bn to develop industrial land in Egypt. PLUS: Japanese investment, Re.life, AirArabia, Drive Finance
SBD is partnering with an unnamed German company with “extensive experience” in waste treatment and recycling
Siemens, Intro Group to build power plants in Egypt, the region. PLUS: News from the SCZone, Cheiron, Qasatli, Mashreq, and EdVentures.
The two firms will establish facilities producing a combined 300 MW of power by 2030
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