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Sidpec to set up a USD 159 mn sodium cyanide factory + DP World to look into setting up a freezone in the new capital
Sodium cyanide is the solution commonly used for gold extraction
KSA’s Edafa Venture Capital acquires strategic stake in Egypt’s Taskedin
The fresh funds will help the startup expand in the Gulf and beyond
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”
United Bank announces intention to float
The bank plans to sell a 30% stake on EGX before the end of the year
Investment Minister Hassan El Khaitb will manage the SFE following legislative amendments
Under the amendments the fund will also be directly under the cabinet’s control and deemed a cabinet-affiliated fund
LG is setting up a USD 150 mn refrigerator line in its Tenth of Ramadan factory
The new production line is in the preparation phase
A new investment zone, a new industrial zone and more approved by the cabinet
Cabinet approved the establishment of a new integrated investment zone in Abu Rawash
Private investors to manage five major Egyptian airports in the first phase of privatization plans
The airports will remain under the sovereignty of the Egyptian state
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