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IDA offers up land plots + a new phase of its investment map to spur local manufacturing
The plan is to slash USD 30 bn in import expenses
SODIC pays EGP 534 mn to expand Caesar project. PLUS: Business group want more action to boost exports
The developer purchased a 180-acre plot of land from the New Urban Communities Authority earlier this year
More Turkish firms eye local market as relations improve
Turkish companies Vestel and Zorlu to establish a USD 70 mn joint venture in Egypt.
Egypt, Turkey want to boost trade volumes by 50% over 5 years
The two countries agreed to reestablish diplomatic ties last month after a decade-long rift
Thndr to debut in Saudi Arabia next year, says CEO. PLUS: News from aiBank, an export subsidy boost, and another wheat tender
The company is looking into acquiring a license in Abu Dhabi
B Investments + MTI invest EGP 500 mn in EZ International
The investment will help EZ International expand El Ezaby’s presence in the local market
Current account deficit narrows in 3Q 2022-23
Current account deficit reaches USD 3.5 bn
Oil and gas exports decline on lower prices, production in 4M 2023
Natural gas, crude, and petroleum product exports fell more than 50% y-o-y
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