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Logistics (MENA) 
Sumitomo Electric breaks ground on pigtails cable factory. PLUS: Lighthouse Education, Rameda Pharma, new tourism figures
The factory is expected to be the company’s largest in the world
Disruptech to invest USD 5 mn in local fintechs this year. PLUS: real estate in new cities, delayed customs clearance fees
A number of international investors have committed funds to the VC’s USD 36 mn fintech fund
Pharco + Ajlan & Bros to break ground on USD 150 mn Saudi pharma complex next month. PLUS: Turkish investment, OIH eyes Uzbekistan
Production is expected to start in 2024
valU, Telda partner up. PLUS: Tatweer Misr signs partnership deal to enter Saudi, FRS approves EGX futures clearing company
valU is also planning a fresh securitization transaction soon
TE wraps up 10% divestment with share sale to employees. PLUS: EFG to launch new SME lender
The company raised almost EGP 200 mn selling a 0.5% stake to employees
VAT break on pharma imports to prevent shortage. PLUS: More AfDB money for water, Tatweer Misr eyes KSA,
This is the latest measure aimed at beefing up stocks of raw materials and products for the pharma sector
Orascom Construction, Metito to build USD 2.4 bn desalination plant in Abu Dhabi. PLUS: Standard Chartered eyes Egypt, FX crisis hits Arab Alloys industrial complex
The project will process more than 500k cbm of seawater per day
The state is setting up a new fertilizer company
The company will produce several chemicals used to manufacture fertilizer
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