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Could we finally see the privatization push gain momentum?

1

What We're Tracking Today

A new ro-ro shipping line?

Good morning, friends and happy Monday. Privatization news is leading the news well for the second morning running as the government works towards fast-tracking its privatization push as we inch closer to our fifth and sixth loan reviews with the IMF.

The latest update: The government has tapped investment banks and counsels for 10 companies ahead of offering up stakes in them.

We also have fresh investment news with Modon reportedly looking to spend EGP 45 bn developing Ras El Hekma’s infrastructure and Italian appliances player Ariston inaugurating its latest plant in Egypt — a USD 20 mn water heater factory.

And speaking of fresh investments: The Finance Ministry and the EBRD together launched a EUR 10 mn fund to help finance feasibility studies and advisory services for projects being set up through PPPs in a move that is expected to boost both local and foreign investments through the PPP model.

^^ All that and more in the news well, below.



PSA-

WEATHER- It’s another sunny day in Cairo, with a high of 35°C and a low of 24°C, according to our favorite weather app.

It’s a little cooler in Alexandria, with a high of 30°C and a low of 23°C.

WATCH THIS SPACE-

Egypt is looking to launch a new ro-ro shipping line with Germany in 1Q 2026, according to documents seen by Asharq Business. Talks are underway to lay out the logistics details related to the new route.

REMEMBER- Egypt is looking to launch ro-ro shipping lines with Saudi Arabia and Turkey before the end of 2025. This comes after the ro-ro line connecting Damietta Port with Italy’s Port of Trieste started operating in late 2024, reducing the time to send goods between the two ports to two and a half days, down from six.

SOUND SMART- A roll-on, roll-off maritime line — known more commonly as just a ro-ro line — loads and unloads cargo using either lorries or platform vehicles and then unloads them using the same set of wheels. Instead of the more laborious use of cranes and containers, using a ramp and wheeled cargo helps to dramatically reduce shipping times and in turn cut down costs — especially for short routes across the Mediterranean.

DATA POINT-

Pharma sales jumped 56.1% y-o-y in 1H 2025 to EGP 186.7 bn, with Ibnsina Pharma maintaining its lead in the pharma distribution market with a 31.1% share, according to a press release (pdf) from the local pharma player, citing an IQVIA report.


** DID YOU KNOW that we cover Saudi Arabia and the UAE?

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ICYMI- Missed this week’s Inside Industry? In our weekly vertical exploring all things industry and manufacturing, we looked at the aftermath of the government’s newly approved increase in industrial land prices by up to 250%. Check out the story here.

THE BIG STORY ABROAD-

International headlines are still dominated by the fallout from Charlie Kirk’s assassination — and now attention is turning to the suspect. Utah Governor Spencer Cox said on Sunday that 22-year-old Tyler Robinson, arrested after a 33-hour manhunt, is refusing to cooperate with investigators but will be formally charged on Tuesday. Kirk, a prominent pro-Trump activist and co-founder of Turning Point USA, was killed last week by a single rifle shot during an outdoor event at a Utah university. (Reuters | New York Times | BBC | The Guardian | Axios | Wall Street Journal)

CLOSER TO HOME- Rubio visits Netanyahu seeking answers: As Washington tries to contain the diplomatic fallout from Israel’s strike on Hamas leaders in Doha, US Secretary of State Marco Rubio arrived in Israel on Sunday for talks with Prime Minister Benjamin Netanyahu. Rubio — who met Qatar’s prime minister on Friday — is now seeking answers on “what the future holds” in Gaza and how to revive hostage and ceasefire negotiations derailed by the Doha attack. (Reuters | Politico | Associated Press | Axios | The Guardian | New York Times)

*** It’s Blackboard day: We have our weekly look at the business of education in Egypt, from pre-K through the highest reaches of higher ed.

In today’s issue: We look at the readiness of the local education sector for AI.

As the Sahel summer winds down, the Red Sea is just getting started. Say hello to Somabay, a year-round seaside escape where tranquil waters, world-class diving, kitesurfing, golf, and wellness come together in one breathtaking destination. This September, it also hosts the ITF World Tennis Tour, bringing world-class tennis to the coast. Somabay is the perfect next stop, a place where the season never ends, and every day feels like the first day of summer.

2

Privatization

Egypt looks to accelerate privatization push in run-up to IMF review

The government is stepping up efforts to fast-track its privatization program, having appointed investment banks and counsels for 10 companies as they prepare to offer up stakes to the private sector, according to a government document seen by EnterpriseAM. These companies include bottled water company Safi, filling station operator Wataneya, military-owned food manufacturer Silo Foods, fuel retailer Chill Out, crude refiner Midor, wind farm Gabal El Zeit, plastics manufacturer Alamal Alsharif Plastics, and HoldiPharma subsidiaries CID Pharma and Misr Pharm.

(Tap or click the headline above to read this story with all of the links to our background as well as external sources.)

The state raised 48% of its USD 12.2 bn privatization target for March 2022-July 2025, according to the document. During the period, the state sold stakes in 19 companies through direct stake sales and IPOs, raising some USD 5.9 bn.

If the landmark Ras El Hekma agreement is taken into account, however, we shot well past the target with a completion rate of 245%, according to the document.

Each of the four phases of the state’s privatization push has been smaller than the last, with the first phase of the program raising USD 3.1 bn by divesting from six companies, followed by a smaller USD 1.9 bn raised in the second phase with the partial or full exit from seven companies. The third phase saw proceeds fall to just USD 625 mn, achieving only 12.5% of the phase’s USD 5.0 bn target. The program’s fourth phase fell to only 7.5% of its target, raising USD 142 mn.

There’s no single reason for this, according to the report. Market conditions, ongoing program reviews, the government’s decision to expand the program, and restructuring some assets are all slowing down completion rates of the program.

ICYMI- The Sovereign Fund of Egypt is restructuring five companies affiliated with the military’s National Service Projects Organization to list them on the EGX before 2026.

The IMF has signalled that it's looking for progress on the privatization front ahead of the combined fifth and sixth reviews of our USD 8 bn Extended Fund Facility Arrangement. The upcoming mission from the Fund next month will present privatizing state assets and expanding private sector activity in the economy as some of its most important demands, a senior government official told EnterpriseAM late last week.

REMEMBER- The government aims to drum up USD 3 bn in privatization proceeds this fiscal year, down from an earlier USD 5-6 bn target.

This publication is proudly sponsored by

3

Construction

UAE’s Modon to pour EGP 45 bn into Ras El Hekma infrastructure buildout

Modon to develop EGP 45 bn infrastructure to support Ras El Hekma: UAE’s Modon Holding will spend up to EGP 45 bn over the next two and a half years on infrastructure supporting its Ras El Hekma project, three sources told Asharq Business.

(Tap or click the headline above to read this story with all of the links to our background as well as external sources.)

REMEMBER- Abu Dhabi sovereign fund ADQ appointed Modon as the master developer for its 170 mn sqm USD 35 bn Ras El Hekma project, and it will also develop the first 50 mn sqm phase of the city.

Modon tendered 2k feddans of work — including roads and bridges, electricity networks, and water and sewage systems — to ten local contractors, with awards expected to be finalized before year-end, according to one of the sources. The 50 sqm Modon project will feature seven luxury hotels, hotel units, and a large marina.

The first district to launch will be Wadi Yemm, a coastal zone featuring residential units, hotels, two golf courses, a country club, and an open-air theater with 10k seats.

4

Manufacturing

Ariston inaugurates water heater factory in Egypt

Ariston’s water heater factory goes online: Italian home appliances manufacturer Ariston has inaugurated its new water heater factory in 6th of October yesterday. The plant that will cost more than USD 20 mn will produce electric and gas-powered water heaters, Executive VP for MEA & Asia Pacific Umberto Crovella told EnterpriseM.

During its first phase, the plant will have an initial production capacity of 400k-500k units a year and employ over 359 people. Capacity could be doubled in future phases depending on market demand, Crovella told us, adding that the second and third phases of the projects are already in the pipeline.

(Tap or click the headline above to read this story with all of the links to our background as well as external sources.)

What’s next? Ariston plans to begin working on phase two of the plant late 2026 or early 2027; it should come online within 18-24 months, Crovella told us. A slowdown in market demand could delay the plan, but “it won’t be canceled,” he said.

Exports to come later: The bulk of production is earmarked for the local market, but Ariston will begin exporting when more phases come online — starting with nearby MENA markets and potentially scaling up to become part of the group’s 70-country export network, Ariston Egypt Country Manager Tarek Refaat told EnterpriseAM.

Ariston is no stranger to the Egyptian market: The group has been active in Egypt for years, and earlier this year expressed its intent to double down its production in the country. Alongside its newly inaugurated plant, the company also operates three other factories in Obour City.

The Italian player wants a piece of our growing market: Egypt’s water heater market sells around 1.5 mn units a year, and Ariston wants to capture at least 10% of the market in the coming years, Crovella told us.

SUNGROW EYES MAJOR BATTERY STORAGE PLANT IN EGYPT-

Chinese renewables firm Sungrow is looking to set up a battery storage factory with an annual capacity of 10 GW in Egypt, as part of the country’s plans to localize components for renewables, according to an Ittihadiya statement. This came during a meeting between President Abdel Fattah El Sisi and the heads of Sungrow and Norway’s Scatec to discuss expanding their investments in Egypt.

6

Investment Watch

Egypt, EBRD launch EUR 10 mn fund to support PPPs

The government and EBRD launch fund to support PPPs: The Finance Ministry and the European Bank for Reconstruction and Development (EBRD) have launched a EUR 10 mn fund to finance feasibility studies and advisory services for projects being set up under public-private partnerships (PPP), according to a statement from the Finance Ministry.

More than just financing: The fund aims to speed up the process of tapping consultants for projects — they will now be selected in no more than eight weeks down from 15 months currently, enabling the government to launch over 10 PPP projects simultaneously, the Finance Ministry’s public-private partnership unit head Atter Hannoura said.

We knew this was coming: The FinMin and the EBRD inked a cooperation agreement to set up the fund back in February.

Where’s the money coming from? Egypt has committed EUR 1 mn, while the EBRD chipped in EUR 7-8 mn. The Korean government and European foundations also contributed to the fund, which can be topped up in the future, Hannoura told Al Arabiya.

How it works: The fund is revolving, meaning investors who secure projects reimburse the account for project preparation costs, ensuring financial sustainability. It is open to all PPP projects across infrastructure, utilities, and public services.

What does it mean for investors? The fund will help cut down the period it takes for investors to secure the needed financing to carry out feasibility studies for PPPs. All in all, the fund will help boost local and foreign investments through the PPP model.

The PPP unit will launch projects worth a combined EGP 41 bn in 2025, compared to around EGP 19 bn last year, Hannoura said. The value of the projects offered through PPPs is expected to reach EGP 60-70 bn over the next two years.

DATA POINT- The government signed 30 PPP contracts last fiscal year, with combined investments of EGP 41 bn, across a variety of sectors — waste recycling, dry ports, sanitation, technical education, and more.

And there’s more to come: Several PPP projects are lined up with investments of EGP 25-30 bn, Finance Minister Ahmed Kouchouk said.

REMEMBER- The Finance Ministry was planning to present nine new PPP projects — including power transmission and wastewater treatment projects — worth EGP 39 bn to the PPP Supreme Committee in August, Hannoura said in July. We are yet to hear any updates regarding the projects.

The big picture: The government plans to increase the private sector’s contribution to the overall economy to more than 65% of total investments over the coming couple of years.

7

Moves

EBank appoints Mohamed Shawky as deputy CEO

The Export Development Bank of Egypt (EBank) appointed Mohamed Shawky (LinkedIn) as its new deputy CEO, according to a statement (pdf). Shawky brings over 25 years of experience in the field of banking. He most recently served as CFO at Abu Dhabi Islamic Bank since 2022, after a stint as CFO at Bank Audi — now FABMisr — from 2016.

What they said: “We are confident that his expertise in the financial, strategic, and transformational sectors will contribute to accelerating the bank's regional expansion plans, strengthening its business portfolio, and consolidating its position as a leading bank that supports Egyptian exports and keeps pace with global developments in banking services,” said CEO Ahmed Galal

8

LAST NIGHT’S TALK SHOWS

Adib’s take on Egypt’s IMF program

Our IMF program under the spotlight: El Hekaya’s Amr Adib voiced (watch, runtime: 1:39 | 1:19) his unhappiness with the IMF’s demands for the fifth and sixth reviews of our USD 8 bn loan program, calling them “costly” and warning that the average Egyptian is the one who bears the brunt of those reforms.

ICYMI- The IMF will send a mission on 1 October to wrap up its fifth and sixth reviews of our USD 8 bn Extended Fund Facility Arrangement. Progress on privatization and phasing out subsidies are expected to top talks between the Fund and local authorities.

ALSO ON THE AIRWAVES- In the lead up to today’s emergency joint Arab-Islamic summit in response to the Israeli strike in Doha, El Hekaya spoke to Al Arabiya correspondent Adel Eidan, who said that the Arab-Islamic summit’s draft resolution seeks to reaffirm the need for Israel to respect international law and avoid acting beyond the “ring countries” — those directly bordering Palestine — by launching strikes as far afield as Doha (watch, runtime: 13:47). “Some want to keep tensions high to block [the chances of reaching a ceasefire agreement],” he said.

9

Also on our Radar

Egypt inks USD 121 mn worth of oil and gas exploration agreements

ENERGY-

#1- The Oil Ministry has inked three new oil and gas exploration agreements worth more than USD 121 mn across the Western Desert, Gulf of Suez, and North Sinai, according to a statement. The agreements, signed by the Egyptian General Petroleum Corporation (EGPC) with international players, include a USD 46 mn reassignment of the North Sinai Offshore area to Perenco Egypt to drill three wells with a USD 1 mn signature bonus; a USD 40.5 mn agreement with UAE’s Dragon Oil to drill three wells in East El Hamd, with a USD 4.5 mn bonus; and a USD 35 mn agreement with Apache to add five new exploration areas in the Western Desert, covering 14 wells and carrying a USD 25 mn bonus.

(Tap or click the headline above to read this story with all of the links to our background as well as external sources.)


#2- EGPC plans to recover 13 mn barrels of crude oil and condensate reserves in 4Q 2025, up from 4 mn barrels in the same period last year, Al Arabiya reports, citing an unnamed government official. The plan will be carried out by developing old onshore and offshore oil concession sites in cooperation with the foreign partners operating the concessions.

The details: The project will mainly focus on fields whose production rates have been low for years, including the Western Desert, set to account for 75% of the recovery plan, along with fields in the Eastern Desert and the Gulf of Suez. EGPC aims to boost crude production by over 15% in the current fiscal year, with current output standing at 525k barrels per day.

M&A WATCH-

El Banna Group acquires Al Dahra’s citrus farm in Egypt: El Banna Group — one of Egypt’s largest citrus producers and exporters — has acquired UAE-based agribusiness firm Al Dahra Group’s citrus farm and packhouse in Salheyia, according to a press release (pdf) from Zilla Capital, who acted as sole financial advisor to Al Dahra.

CAPITAL MARKETS-

Saudi-based Arab Investment Company (TAIC) has tapped CI Capital Holding’s asset management outfit, CI Capital Asset Management to manage its portfolio, according to a statement. The agreement marks TAIC’s first mandate with an Egyptian manager as it looks to deploy about USD 800 mn across the region before year-end, with Egypt identified as a key growth market.

HEALTHCARE-

The Egypt Healthcare Authority launched a national telemedicine platform connecting Egyptian doctors abroad with patients, according to a statement from the authority. The platform will be implemented in coordination with Egyptian embassies abroad and related ministries.

10

PLANET FINANCE

Family offices tilt toward stocks, trim private equity exposure, according to Goldman survey

Family offices are leaning more heavily on public equities while trimming private equity exposure, according to a recent Goldman Sachs survey (pdf) picked up by CNBC. The survey of 245 global offices — two thirds of which managed at least USD 1 bn in assets — shows that average allocations to public equities rose to 31% in 2025, up three points from 2023, while private equity dropped to 21% from 26% — the steepest change across asset classes. 38% of family offices also expect to increase their allocations to public equities in the next year.

(Tap or click the headline above to read this story with all of the links to our background and outside sources.)

The shift was the sharpest in the Americas, where equity allocations climbed to 31% from 27%. US offices, however, remain more exposed to PE (25%) than their international peers. It comes as private equity faces a broader slowdown as limited and general partners pivot towards a more risk-on stance amid a more muted exit environment.

Goldman described the change to family office portfolios as a “pro-risk asset mix,” with family offices buying the dip in equities while still keeping a strong exposure to private equity. Many reported buying during April’s tariff-driven market turmoil, taking advantage of reduced-price valuations. “Family offices realize the importance of staying invested, and they realize the importance of vintaging, especially with private equity,” said Sara Naison-Tarajano, who heads Goldman’s Apex unit, pointing to their ability to hold assets across generations.

AI has emerged as a leading theme. Some 86% of family offices reported exposure, primarily via public equities and ETFs, but also through venture funds and infrastructure plays such as data centers. Opportunistic investments in listed markets remain the preferred route. Some 58% of respondents also expect to be overweight in the tech sector over the next year, the survey said.

Crypto is also gaining ground, particularly in Asia. Only 26% of Asia-Pacific (APAC) family offices said they were not interested, compared with nearly half of those in the Americas and EMEA. Globally, a third of family offices now hold crypto, up from 26% in 2023.

Risk hedging strategies differ across regions. In EMEA and APAC, geographic diversification and gold were the most common tail-risk hedges. In the US, by contrast, many family offices reported taking less defensive positions. The biggest investment risk for family offices is geopolitical conflict, with 61% listing it as a top-three risk, and 66% expecting geopolitical risks to increase over the next 12 months.

Despite dialing back exposure, private equity still holds appeal. Some 39% of respondents plan to deploy more capital in the next 12 months — slightly more than the 38% who expect to increase stock allocations. Many are active in secondaries, with participation rising to 72% from 60% in 2023, taking advantage as endowments and foundations sell assets under liquidity pressure.

MARKETS THIS MORNING-

Asian markets are mixed this morning, with South Korea’s Kospi leading gains, rising 0.7% to a record high and marking its tenth straight session of gains. Meanwhile, Hong Kong’s Hang Seng is up slightly in early trade, while China’s CSI 300 is also up 0.6%, as talks between the US and China on trade and the potential TikTok divestiture continue in Spain.

Meanwhile, on Wall Street, indices are set to open in the green as investors brace for what’s expected to be the US Federal Reserve’s first rate cut in months later this week.

EGX30

35,112

+0.5% (YTD: +18.1%)

USD (CBE)

Buy 48.14

Sell 48.28

USD (CIB)

Buy 48.16

Sell 48.26

Interest rates (CBE)

22.00% deposit

23.00% lending

Tadawul

10,434

-0.2% (YTD: -13.3%)

ADX

10,014

+0.6% (YTD: +6.3%)

DFM

6,031

+1.2% (YTD: +16.9%)

S&P 500

6,584

-0.1% (YTD: +12.0%)

FTSE 100

9,283

-0.2% (YTD: +13.6%)

Euro Stoxx 50

5,391

+0.1% (YTD: +10.1%)

Brent crude

USD 67.0

0.0%

Natural gas (Nymex)

USD 2.99

+1.2%

Gold

USD 3,638

-0.1%

BTC

USD 115,180

-0.7% (YTD: +23.2%)

S&P Egypt Sovereign Bond Index

919.77

+0.1% (YTD: +18.3%)

S&P MENA Bond & Sukuk

150.36

+0.0% (YTD: +7.4%)

VIX (Volatility Index)

14.76

+0.3% (YTD: -14.9)

THE CLOSING BELL-

The EGX30 rose 0.5% at yesterday’s close on turnover of EGP 4.3 bn (1.7% below the 90-day average). Local investors were the sole net sellers. The index is up 18.0% YTD.

In the green: Orascom Construction (+4.8%), Madinet Masr (+3.2%), and Palm Hills (+3.1%).

In the red: Juhayna (-1.8%), Qalaa Holdings (-1.6%), and Egypt Aluminum (-1.1%).

11

BLACKBOARD

How ready is Egypt’s education sector for AI?

Whether you like it or not, high school and university students are increasingly using AI in their studies — the question is whether local educational establishments are ready. While proponents of AI in education point to the technology as an invaluable tool that will deepen student engagement and aid learning, others see it as a threat that opens the door for plagiarism and the dumbing down of education.

(Tap or click the headline above to read this story with all of the links to our background as well as external sources.)

Educators will have to face this new reality in the new academic year, with the vast majority of all high school and university students now using AI — whether constructively or not — to varying degrees. AI leaders like Google are eager to play a part, offering students in Egypt and Saudi Arabia the paid Pro version of their chatbot Gemini and other AI tools for a year at no charge.

At a ministerial level, getting ready for AI has long been on the agenda, with the state recognizing the need not just to accept that students will use AI in their studies, but that it is a subject and tool that should be actively taught. AI will be added as a subject for first-year secondary school students starting next academic year, Prime Minister Moustafa Madbouly has recently confirmed. The Education Ministry has been looking carefully at how to introduce AI to schools, including reviewing successful international experiences and analyzing the compatibility of AI tools with Egypt’s educational environment, Education Minister Mohamed Abdel Latif previously told the press. While it won’t count toward their GPA, it will be a pass-or-fail subject.

Universities and students have also shown an increased interest in AI, with students flocking to AI-related programs, a source at the Ministry of Higher Education told EnterpriseAM. Egypt is home to 92 AI institutes, including 27 faculties in public universities offering AI courses and degrees, such as Cairo University and Ain Shams University, according to Unesco’s Egypt Artificial Intelligence Readiness Assessment Report (pdf). These also include 20 faculties in private universities, 20 faculties in national universities, 10 faculties in international universities, and 15 high institutes. Data from the Higher Education Ministry shows the number of students in these programs currently stands at 106.4k.

Egyptian universities are already equipped with the proper infrastructure, trained staff, as well as material and human capabilities for the leap forward, the source said. AI technologies are also being used in academic advising, university admissions, and credit hours to enhance the capabilities of Egyptian universities to keep pace with the requirements of the labor market.

Demand for interactive and online education has been increasing by the day since the launch of the Egyptian E-learning University, which was ahead of the boom the world is currently witnessing in the use of technology in education, E-learning University President Hesham Abdelsalam told EnterpriseAM. The university currently offers three educational programs — business administration, computers and information technology, and educational studies. The university is planning to expand its offering to five new faculties, including engineering, media, law, and languages, Abdelsalam said.

Ignoring AI now risks ignoring a pressing need of tomorrow’s labor market, so focusing on AI now is important to maintaining and improving Egypt’s educational ranking, British International School Cairo (BISC) Chairman Ahmed Samir told EnterpriseAM. Many private and international schools are already getting ready for this, along with state schools and higher education establishments offering AI-related courses, Samir added.

Some schools are already training their staff to integrate AI into their curricula. For example, private school Al Hossam International Schools has inked protocols with the Education Ministry to train and qualify staff in AI integration, Chairman Mandouh El Husseiny told EnterpriseAM. El Husseiny finds that modern tech and teaching methods have already delivered impressive results, and they are helping public school teachers get ready to teach AI and programming.

Some international schools feel they have an AI headstart, having adopted online classes and other tools during the Covid-19 pandemic that have parallels to how education will transform with the integration of AI, Samir told us.

Weak infrastructure in public schools remains one of the biggest challenges, the director of an education department in one of the country’s governorates told EnterpriseAM. The lack of properly equipped labs, computers, or smart boards — especially in older schools — makes it difficult to meet the requirements for teaching AI subjects, the official added. However, they hope that the shortage of devices will gradually be addressed and that a sufficient number of devices will be provided for students to use as the government continues its push for digital transformation in education.


Your top education story for the week: The Central Bank of Egypt and the Higher Education Ministry signed two cooperation protocols to provide scholarships for outstanding but underprivileged students — including those affected by the suspension of the USAID scholarship program — starting this academic year, according to a statement (pdf).


SEPTEMBER

17-18 September (Wednesday-Friday): The 2025 Cairo Regional Forum on Financing Renewables, Green Hydrogen and Green Ammonia, Nile University, Cairo.

24-27 September (Wednesday-Saturday): Cityscape Egypt 2025, Egypt International Exhibition Center

29-30 September-6 October (Monday-Tuesday): Techne Summit Cairo, Sultan Hussein Kamel Palace, Cairo

29 September-6 October (Monday-Monday): Egypt Innovation Week

30 September (Tuesday): The Egypt-South Korea Economic Cooperation and Partnership Forum.

The Egyptian-Moroccan Business Council to send a delegation of 23 local companies to Rabat.

The Engineering Export Council of Egypt will ship a commercial delegation to Russia to ramp up exports to European markets.

Egypt Education Platform (EEP) to launch two new schools in Alexandria and Somabay.

Egypt Otsuka’s nutritional products factory in Tenth of Ramadan to begin operations, with exports to Gulf countries expected by January 2026.

OCTOBER

1 October (Wednesday): Applications for alternative housing for old rent tenants will open through an online platform or at post offices nationwide.

2 October (Thursday): Monetary Policy Committee’s sixth meeting.

4-6 October (Saturday-Monday):Techne Summit Alexandria, Alexandria Bibliotheca, Alexandria

7 October (Tuesday): The 2025 EnterpriseAM Egypt Forum.

7-8 October (Tuesday-Wednesday): HACE-Hotel Expo, Egypt International Exhibitions Center.

7-9 October (Tuesday-Thursday): EgyMedica Exhibition, Cairo International Convention Center.

12-16 October (Sunday-Thursday): Cairo Water Week, Cairo.

19-20 October (Sunday-Monday): Egypt to host the fifth edition of the Aswan Forum.

19-22 October (Sunday-Wednesday): Arab African Investment and International Cooperation Summit.

23-25 October (Thursday-Saturday): Stone Africa Expo, Cairo International Conference Center.

October: The third iteration of the Export Smart Exhibition and Conference.

Mid-October: Capmas to publish the findings of its 2023-2024 income and expenditure survey.

NOVEMBER

1 November (Saturday): The official opening of the Grand Egyptian Museum.

16-19 November (Sunday-Wednesday): Cairo ICT 2025, Egypt International Exhibition Center

20 November (Thursday): Monetary Policy Committee meeting.

23-25 November (Sunday-Tuesday): NEBU Expo 2025 gold and jewelry exhibition, Egypt International Exhibitions Center, New Cairo.

November: Egypt to join the EU’s Horizon Europe research and innovation program.

DECEMBER

1-4 December: Egypt Defence Expo (EDEX), Egypt International Exhibition Center.

25 December: (Thursday): Monetary Policy Committee meeting.

EVENTS WITH NO SET DATE

Mid-2025: EGX launches sustainability index.

3Q 2025: Nasr Automotive begins locally manufacturing passenger cars.

3Q 2025: Polaris Parks to finalize contracts for two new industrial zones in the new capital and Sadat City.

Mid-2025: The Administrative Capital for Urban Developments to roll out the second phase of offering industrial plots to investors

2H 2025: Potential visit by Chinese President Xi Jinping to Egypt

4Q 2025: The beginning of construction works on China’s State Grid two solar projects.

4Q 2025: GB Auto starts assembling one of China’s Great Wall Motor models in 4Q 2025.

4Q 2025-1Q 2026: Kasrawy Group to launch first Avatr EV models in Egypt.

2025: The InterAcademy Partnership assembly.

2025: Nile Basin States Summit, Cairo, Egypt.

2025: Release of the government’s Startup Charter document.

Before 2025-end: The government will launch two ro-ro shipping lines with Saudi Arabia and Turkey.

2026

Early 2026: Passenger operations on the New Administrative Capital–Nasr City monorail scheduled to begin.

1Q 2026: Trial operations for the Ain Sokhna–Sixth of October section of Egypt’s first high-speed rail line scheduled to begin.

1 January: European Union’s Carbon Border Adjustment Mechanism (CBAM) to fully come into effect.

10-12 February (Tuesday-Thursday): Gitex Global’s AI Everything Middle East & Africa Summit

15 March 2026: IMF to hold its seventh review of Egypt’s USD 8 bn EFF arrangement.

May 2026: End of extension for developers on 15% interest rates for land installment payments

15 September 2026: IMF to hold its eighth review of Egypt’s USD 8 bn EFF arrangement.

2H 2026: Operations at Deli Glass Co’s new USD 70 mn glassware factory kick off.

2027

20 January-7 February: Egypt to host the African Games.

April 2027: Tenth of Ramadan dry port and logistics hub to begin operations.

EVENTS WITH NO SET DATE

2027: Egypt to host EBRD’s annual meetings for 2027.

End of 2027: Trial operations at the Dabaa nuclear power plant expected to take place.

September 2028: First unit of the Dabaa nuclear power plant begins operations.

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