EBRD upgrades our growth forecast

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WHAT WE’RE TRACKING TODAY

Fuel price hike could be days away

Good morning, wonderful people. The week is off to a quiet start, but we don’t think that will hold: It’s interest rate week, with the central bank’s monetary policy committee scheduled to meet on Thursday. There’s growing speculation that Qatar will soon announce a multi-bn USD investment on the North Coast, and we think it’s going to cost you more to put petrol in your tank before the week is out.

While images of rate cuts dance in our heads, we’re also getting ready for the EnterpriseAM Egypt Forum, which takes place in just nine days. Our annual flagship gathering kicks off with a networking breakfast at 8am on Tuesday, 7 October at the St Regis Hotel on the bank of the Nile here in Cairo. You can check out the conference website here.

With Egypt at a turning point, we’re going to dig into the issues that will set the tone for 2026 and well beyond. Among the topics on the agenda:

How is the alliance between Egypt and the UAE reshaping the region’s economy?

How are top execs preparing for 2026 — and what strategies are they using to ensure their businesses are built to last?
Where (and how) we will live (and work) in 2035?
What’s working — and what’s not — for Egyptian companies expanding into new markets?
Can we get capital markets off life support?
Where is AI a threat to our businesses — and where could it give us all superpowers?

This event is strictly invitation only. Want to request an invitation? Tap or click here. Space is strictly limited. Formal invitations have already started going out, and the only way to receive one is to let us know you’re interested.

** Did you receive an invite? You must click through to let us know whether you’re attending (the green button) or sending your regrets (the red button). Only folks who receive an invite and click the green button will receive a code to attend.

Join us and hear from some of the nation’s most insightful C-suite execs and founders, including:

Todd Wilcox, CEO, HSBC Egypt
Dasha Badrawi, executive vice chairman, Marakez
Mostafa Gad, global head of investment banking, EFG Hermes
Hanan Abdel Meguid, founder and CEO, Kamelizer
Youssef Rizk, CEO, Wondercraft
John Saad, CEO, Contact Financial Holding
Laila Hassan, general partner, Algebra Ventures

Stay tuned this week as we unveil our full lineup.

The 2025 EnterpriseAM Egypt Forum is part of our must-attend series of invitation-only, C-suite-level gatherings that allow senior members of our community to openly and frankly discuss critical issues in key sectors of the economy.

WHO SHOULD ATTEND? Everyone who plays a role in our community, from CEOs and MDs to commercial and investment bankers, founders, providers of professional services, and more. Attendees at our events are C-suite officers, business owners, and their direct reports; we also make an allocation for folks we think could be tomorrow’s founders and C-suite executives. Egyptian and foreign members of our community are equally welcome to attend.

WATCH THIS SPACE-

#1- Qatar will officially announce its anticipated USD multi-bn North Coast project “as soon as possible,” Qatari Ambassador to Egypt Tariq Ali Faraj Al Ansari told EnterpriseAM on Thursday. The agreement for what Al Ansari described as a major urban project is in the “final stages,” he added.

The project is part of a wider USD 7.5 bn direct investment package from the Gulf nation, which was first announced during President Abdel Fattah El Sisi’s visit to Qatar in April. Reports later suggested that Qatar was in advanced talks to develop a North Coast tourism project, with expectations of an agreement by year-end.

Unconfirmed reports earlier this year pointed to the project costing USD 4 bn and named Alam El Roum as the location. The Ras El Hekma-esque project will reportedly feature both residential areas and tourist accommodation, along with commercial and entertainment centers, a yacht marina, and advanced service facilities.

#2- A fuel price hike incoming? The government could raise fuel prices in the coming days as part of its plan to fully liberalize pricing and recover production costs, a senior government source told EnterpriseAM. The government has kept fuel prices unchanged for the past six months since the last hike in April.

Prime Minister Moustafa Madbouly said earlier this month that the expected October increase could be the last major hike if global prices remain stable. The source added that the government plans to keep diesel prices unchanged in the upcoming adjustment to help contain inflation and enable further interest rate cuts. Other fuel products will bear a larger share of the price hikes to compensate for keeping diesel stable.

What’s next? Assuming global oil prices, local consumption, and the exchange rate remain steady, the pricing committee will reconvene every three months after prices reach cost recovery levels to decide whether to hold prices, raise them by up to 10%, or cut them depending on global conditions.

#3- Matrouh is getting a special economic zone: A 402k-feddan area in Gargoub in Matrouh governorate has been designated as a new special economic zone, under a presidential decree published last week in the Official Gazette. No further details were disclosed.

FOLLOW UP-

No price hike on subsidized fertilizers this winter season, the Agriculture MInistry said in a statement yesterday. “Efforts are underway to ensure farmers can secure their needed winter supplies without any price increases,” the statement read.

IN CONTEXT- The Madbouly government is currently mulling ways to better support fertilizer producers and boost exports amid rising global demand. Industry players have asked the state to raise subsidized fertilizer prices in light of higher gas costs. The government is weighing a new quota system to balance subsidized supplies with freemarket sales and exports and potentially paying more for subsidized fertilizer, while still selling it to farmers at the subsidized rates with the Finance Ministry bearing the difference in prices.

HAPPENING TOMORROW-

Techne Summit Cairo kicks off tomorrow at the Sultan Hussein Kamel Palace and Ghurnata Community Space. The two-day event is expected to bring together tens of thousands of innovators from over 70 countries and some big names in the local, regional, and global startup scene as speakers.

The summit marks the official opening ofEgypt Innovation Week and will be followed by its Techne Summit Alexandria edition, which will be held at the Alexandria Bibliotheca from 4 to 6 October.

HAPPENING THIS WEEK-

#1- To cut, or not to cut, that is the question. All eyes are on the central bank’s Monetary Policy Committee this week as it prepares to decide on interest rates this Thursday. The committee cut rates by 200 bps at its last meeting in August, resuming its easing cycle that was paused in July after two consecutive cuts totalling 325 bps in April and May.

Promising inflation data have strengthened cut forecasts, with annual headline urban inflation easing 1.9 percentage points to 12.0% in August, several analysts have previously told EnterpriseAM. The fall brought the country’s headline figure to its lowest reading since March 2022 and marked the third consecutive month of easing price growth.

** Our customary poll of the analysts and economists we trust most will be out soon, so stay tuned.

#2- Could we see the US Ambassador to Israel touch down in Egypt? US Ambassador to Israel Mike Huckabee will reportedly travel to Cairo in the coming days for talks with senior Egyptian officials on the Gaza war, the New York Times reports, citing US and Middle Eastern officials. Huckabee — a Trump appointee and vocal backer of Israel — is expected to meet Foreign Minister Badr Abdelatty in what would be the first official visit to Egypt in decades by a sitting US envoy to Israel. The talks will also cover a new plan floated by US President Donald Trump on the sidelines of the UN General Assembly to end the war, the NYT said.

IN CONTEXT- The visit comes as relations between Cairo and Tel Aviv strain over Israel’s Gaza campaign and alleged Egyptian troop build-up in the Sinai.

A new plan? Trump told reporters on Friday that Washington is close to brokering a deal to end the war in Gaza and secure the release of remaining hostages, writes Reuters. The White House is preparing for Trump to meet Israeli Prime Minister Benjamin Netanyahu on Monday to hammer out a framework agreement. The plan — unveiled to regional partners on the sidelines of the UN General Assembly last week — calls for a full return of hostages, an end to Israeli strikes on Gaza, and a new dialogue on peaceful coexistence between Israelis and Palestinians.

SETTING THE RECORD STRAIGHT-

Hefty customs fees on phones brought into the country by Egyptian passport holders are still in place, a senior government official told EnterpriseAM in response to local media reports and social media speculation over the weekend claiming otherwise. Outside of the one customs-exempt phone per person every three years, imported mobile phones will continue to be subject to the customs and tax fees totaling 37.5% in place since the start of the year, our source clarified.

The confusion stemmed from a decision by the Egyptian Customs Authority (ECA) that only concerned airlines and air freight companies ahead of the new in-the-works mechanized system for air cargo, the source told us. The ECA will begin trials of the Advance Cargo Information customs system for local and foreign air freight companies and airlines starting this month and until the end of December, a different government source previously told EnterpriseAM. Joining the system will be mandatory starting 1 January 2026.

CIRCLE YOUR CALENDAR-

Fresh industrial land plots will be up for grabs in December, the Industry Ministry said in a statement. The ministry allocated 253 industrial plots covering 545k sqm to new projects and expansions in its latest offering.

Check out our full calendar on the web for a comprehensive listing of upcoming news events, national holidays and news triggers.

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

** Were you forwarded this email? Tap or click here to get your own copy delivered every weekday before 7am Cairo time — without charge.

THE BIG STORY ABROAD-

The foreign pages are leading with US President Donald Trump’s order to deploy troops in Portland and immigration detention facilities nationwide, authorizing what he called “full force, if necessary” in a bid to confront what he described as “domestic terrorists” targeting federal immigration sites. Trump’s move comes days after a deadly shooting in an ICE field office in Dallas and marks his most aggressive domestic security escalation to date. (Reuters | Politico | Washington Post | Wall Street Journal | The Guardian | Financial Times | Bloomberg)

FROM THE REGION- UN sanctions on Iran came back on Saturday after European powers triggered the so-called “snapback” mechanism, accusing Tehran of breaching its 2015 nuclear commitments. The move restores bans on uranium enrichment, missile-related activity and arms sales — and has already sent Iran’s IRR to record lows. Tehran recalled its ambassadors to the UK, France and Germany for consultations and warned of a “harsh response.” (Reuters | BBC | New York Times | AFP | Financial Times | Bloomberg)

ALSO FROM THE REGION- Syria’s post-Assad authorities issued an arrest warrant for the ousted leader on charges including premeditated murder and torture, saying they’ll circulate the order to Interpol to enable international action, Bloomberg reports. The move, tied to lawsuits filed by families of victims in Deraa, marks a dramatic turn for a country still reeling from 13 years of civil war that displaced more than half its population and drew in multiple foreign powers.

ALSO WORTH READING THIS MORNING- South Korea is facing a demographic cliff that threatens to undo decades of postwar economic gains, with its fertility rate stuck at just 0.75 in 2024 — the lowest in the OECD countries and far short of the 2.1 replacement rate, writes CNBC. Economists warn that without breakthrough reforms, the “silver tsunami” of an aging population could shrink the workforce, drain pension funds, and tip Asia’s fourth-largest economy into a permanent slowdown by the 2040s.

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.

EBRD upgrades Egypt’s 2025 growth forecast

EBRD upgrades Egypt’s growth forecast: The European Bank for Reconstruction and Development (EBRD) has raised Egypt’s growth forecast for 2025 to 4.8%, up 0.8 percentage points from its May estimates, according to its latest Regional Economic Prospects report (pdf).

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

The 2026 outlook: The EBRD kept its projections for 2026 unchanged — the multilateral lender expects the economy to grow 4.5% in 2026.

As for this fiscal year: The lender still sees the economy growing 4.4% in the fiscal year 2025-2026. It revised upwards its forecast for the fiscal year ending June 2025 to 4.5%, a 0.7 percentage-point upgrade from its May projections on the back of higher than expected growth over the first nine months of the fiscal year “driven by a recovery in the manufacturing sector following a deep contraction as well as strong performance in wholesale and retail trade and transportation.”

How this prediction compares to others: The International Monetary Fund sees Egypt’s economy growing 4.1% this fiscal year, before accelerating to 4.6% growth in 2026-27. Meanwhile, Fitch Solutions’ research unit BMI expects the economy to grow 4.7% this fiscal year and Deutsche Bank puts growth for the FY at 4.8%, citing a continued improvement in domestic demand.

What about last year’s performance? The multilateral lender now estimates Egypt’s economy to have grown 3.1% in 2024, up from its preliminary projection of 2.9%.

Inflation cooling: The bank pointed to a significant slowdown in price growth, noting that “inflation averaged 15.7% year on year between January and July 2025, half the rate of the same period in 2024.”

REMEMBER- Inflation slipped to its lowest level since March 2022 in August, coming in at 12.0%, and a number of analysts we spoke to see it staying on its downward trajectory.

Our external position looks more resilient: According to the EBRD, “remittances increased by 82.7% year on year during the period July 2024 to March 2025,” while “foreign investors have returned to the short-term government debt market, owning 44.7% of outstanding T-bills as of March 2025.”

That being said, debt concerns remain: The lender warned that “debt levels remain elevated, with servicing costs expected to absorb 65% of budget revenue in the fiscal year 2025-26,” pointing to slow progress on reforms holding back potential growth.

THE REGIONAL OUTLOOK- Growth in the southern and eastern Mediterranean region is expected to come in at 3.7% in 2025 and 3.2% in 2026, after coming in at 3.6% during the first six months of the year. “The region benefited from strong recovery in tourism, increased remittance flows and improving external balances.”

Egypt greenlights three new private freezone projects worth USD 207 mn

The Madbouly government approved the establishment of three new private freezone projects in Beni Suef, New Alamein, and Tenth of Ramadan, according to a cabinet statement. The projects, with a combined investment of more than USD 207 mn, are expected to add over 15k jobs, deepen local supply chains, and expand Egypt’s footprint in global textiles and building materials value chains, with 100% of production earmarked for export.

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

#1- Lead New Material — owned by China’s Kentier Group — will invest USD 108.9 mn in a factory in New Alamein to produce PVC flooring, panels, doors, windows, and more. The factory will employ 2.1k workers and is expected to start operations in March 2026. All output will be exported, with a local component ratio of at least 30% from the start of production.

#2- Global textiles giant Alpine Group will invest USD 78.5 mn to establish a textiles factory in Tenth of Ramadan, focusing on socks and garments. The project, under the name Alpine Egytex Textile Industries, will employ 4k workers, 3.9k of whom are Egyptians, and aims to raise the local input ratio from 30% at launch to 50% within five years. The facility is expected to go online within 18 months.

#3- Alpine Group’s Egypt arm Alex Apparels will build a USD 20 mn ready-made garments factory in Beni Suef’s medium industries zone. The facility will produce 40 mn garments annually, use 30% local inputs, and create 9k jobs. The company plans to rely on Egyptian cotton and skilled local labor to boost competitiveness.

AND- Saudi Arabia’s Keenan Holding Group plans to establish a EGP 2 bn industrial complex for copper and metal products in Egypt, the Trade Ministry said in a statement. The roughly USD 41.4 mn project is expected to create more than 1k jobs. The location and timeline for the development were not disclosed.

The complex will comprise several factories, including one for copper water fittings, faucets, and valves, another for accessories and zinc and stainless steel handles, and a third specializing in copper water mixers in various designs and finishes.

IN OTHER MANUFACTURING NEWS-

Ashry Steel is planning to set up a EGP 3 bn cold-rolled steel sheets and coil factory, Chairman Ayman El Ashry told Al Borsa. The steel manufacturer will apply for a license to manufacture cold-rolled steel sheets from the General Authority for Industrial Development ahead of developing the project in Sixth of October.

The news follows the Industry Ministry announcing incentives for cold-rolled steel manufacturing last week, which include cheaper industrial plots, flexible payment terms, facilitated loans for working capital and production line, streamlined licensing, utilities provision, and preferential treatment to supply national projects. Local manufacturers of metal sheets are also being supported by recently introduced safeguard tariffs, which include a 11.1% tariff on cold-rolled steel.

Lamees El Hadidi is back with a new show

Lamees is back on the airwaves with a new show: After an almost two-month absence from the small screen, one of the nation’s most influential talking heads, Lamees El Hadidi has made her comeback with a brand new show on Al Nahar — El Sora.

On her first episode back, El Hadidi discussed commodity prices. She spoke to Supply Minister Sherif Farouk, who confirmed that the government’s price-reduction initiative — launched in August — is still ongoing. The minister said the initiative coincided with seasonal discounts, where prices were cut by up to 18%. Farouk also denied recent speculation that sugar prices are set to rise, saying Egypt currently has more than a year’s worth of strategic reserves (watch, runtime: 02:21 | 02:01).

ELSEWHERE ON THE AIRWAVES- South Korea sees big investment upside in Egypt: Over on Cairo Weekend, Zeina Soufan sat down with South Korean Ambassador Kim Yong-hyun to mark 30 years of diplomatic ties with Egypt (watch, runtime: 10:44). Kim said Egypt is seen as a “land of opportunity” by South Korean investors — even though current trade volumes remain modest. He revealed that five or six Korean textile manufacturers are currently exploring setting up factories in Egypt and said longer-term interest is growing in strategic sectors including green energy, automotive, hydrogen, and digital transformation.

Qatar’s Retaj Hotels to manage EGP 2 bn new capital hotel

HOSPITALITY-

Qatar’s Retaj Hotels and Hospitality Group will manage a EGP 2 bn hotel in the new capital’s Jeval Business Complex, company officials announced in a press conference attended by EnterpriseAM. The agreement to run the 66-key hotel was signed with Egypt’s Wealth Holding Developments.

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

You might not have heard about Retaj before, but they’re set to become an important hospitality player in the country soon, with six hotels in Egypt currently under construction. The first of these is set to open in early 2026, followed by its second later in the year, as the company works to build a stock of 3k hotel rooms by 2030, according to Group Chairman Sheikh Nayef bin Eid Al Thani.

Looking ahead, the company will increasingly look beyond the new capital and New Cairo to Sharm El Sheikh, Ain Sokhna, New Alamein, and Aswan, Al Thani said.

M&A WATCH-

A suitor for Ascom’s Glassrock? An unnamed foreign investor is interested in fully acquiring Qalaa Holdings’s mining arm Ascom ’s Glassrock Insulation, Ascom said in a disclosure (pdf) to the EGX. Ascom gave the investor the green light to conduct its due diligence on the company.

ENERGY-

Energy giant BP plans to drill a second USD 150 mn gas well in its North King Mariout offshore concession in early 2026, Asharq Business reports, citing an unnamed government official. The second well should enable the company to accurately assess the stock of recoverable gas ahead of starting production in 2Q 2026.

FINTECH-

Orange Egypt opened up gold trading to its mobile wallet users, allowing customers to buy and sell the precious metal through mobile wallets for the first time in Egypt, the telecoms operator said in a statement. The digital platform was made in partnership with Evolve Investment Holding’s online precious-metals trading subsidiary mnGm.

PHARMA-

State-owned medical city complex Gypto Pharma will begin exporting to the UAE, Saudi Arabia, and Kuwait by the end of 2026, CEO Amr Mamdouh told Asharq Business. Gypto Pharma and the US’s Dawah Pharma are also planning to invest USD 200 mn over three phases within 18-24 months, with the aim of exporting biological meds exclusively to the US, Dawah Pharma’s CEO Hossam Abdel Maksoud told the outlet. US-bound exports are expected to come in at USD 800 mn-1.2 bn in the first year and rise to some USD 8 bn within three years.

AUTOMOTIVE-

South Korea will help train Egyptian car mechanics to work on EVs, hybrids, and CNG-powered vehicles under an MoU signed between the Planning and International Cooperation Ministry and the Korean Embassy, according to a statement. The project will be supported by a USD 10 mn grant from the Korea International Cooperation Agency, which will go toward developing a curriculum and upgrading equipment at four car maintenance training centers under the Industry Ministry’s Productivity and Vocational Training Department.

Global economy’s to remain resilient amid turbulence in the year ahead, economists say

Chief economists’ outlook on the economy is subdued amid ongoing trade and geopolitical tensions, with risks tilted to the downside, according to the World Economic Forum’s (WEF) latest Chief Economists’ Outlook (pdf). A majority of 72% of the leading chief economists surveyed anticipate global economic conditions to deteriorate in the year ahead, especially across advanced economies, while emerging markets are seen as the main growth engines.

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

“The global economy is undergoing a period of profound transformation, marked by persistent short-term disruption and heightened uncertainty as well as long-term structural change,” according to the report.

Economists were the most bullish on East Asia, South Asia, the Pacific, and the Middle East, where the majority of respondents expected moderate growth next year and a significant number expected strong growth. Around 48% see the Middle East showing moderate growth next year, while 34% see it exhibiting strong growth — the highest share across regions.

REMEMBER: The global economy is expected to grow 3% this year, according to the International Monetary Fund, which upgraded its latest forecast on the back of lower-than expected tariffs and a weaker USD. The fund also predicts a slight growth acceleration to 3.1% in 2026, revising up its previous estimate by 0.1 percentage point.

KEY HEADWINDS-

Accelerating geoeconomic fragmentation — and a realignment of supply chains — is seen as the key challenge to global growth, with 82% of the survey respondents expecting it to intensify in the year ahead, hammered by the US’ ongoing tariff spree, the report reads.

Inflationary pressures also remain elevated, especially in the US, where 59% of chief economists anticipate higher inflation next year. Meanwhile, deflation is seen as a major headwind to the Chinese economy.

Debt sustainability is also a growing concern, namely in advanced economies, where 80% of economists anticipate elevated debt vulnerabilities.

Political instability and societal fragmentation topped the frequently cited inhibitors across both advanced and developing countries, with 68% of chief economists flagging this as a greater threat for advanced economies than for developing economies.

Weak or inflexible institutions came in second place among the top challenges, with 58% of respondents considering it as the top constraint for developing economies, which remain well below advanced economies in terms of governance indicators. However, 44% of chief economists surveyed also see institutional rigidity as a headwind in advanced economies, where regulatory complexity is regularly cited by SMEs as their greatest barrier.

Trade barriers and limited global integration was the third obstacle, affirming the need to resolve disputes and enhance openness.

POTENTIAL GROWTH DRIVERS-

Trade openness and market access, as well as resolving trade disputes, was flagged as a top priority, with respondents seeing it a key growth driver for both advanced and developing economies.

AI could also be a key growth driver: Some 68% of respondents expect AI to become commercially disruptive within the next year, up from 45% in April. It’s seen as the main growth driver for advanced economies. Meanwhile, access to capital and resources are seen as crucial growth inputs in developing economies.

Human capital development is seen as the second growth driver overall. It is seen as extremely important for developing markets, with almost two-thirds of the income gap between advanced and developing economies being attributed to disparities in human capital.

EGX30	35,671	-0.8% (YTD: +19.9%)
USD (CBE)	Buy 48.10	Sell 48.20
USD (CIB)	Buy 48.03	Sell 48.13
Interest rates (CBE)	22.00% deposit	23.00% lending
Tadawul	11,308	-1.0% (YTD: -6.1%)
ADX	10,000	+0.5% (YTD: +6.2%)
DFM	5,855	+0.7% (YTD: +13.5%)
S&P 500	6,644	+0.6% (YTD: +13.0%)
FTSE 100	9,285	+0.8% (YTD: +13.6%)
Euro Stoxx 50	5,500	+1.0% (YTD: +12.3%)
Brent crude	USD 70.13	+1.0%
Natural gas (Nymex)	USD 3.21	+0.3%
Gold	USD 3,809	+1.0%
BTC	USD 109,571	-0.1% (YTD: +17.2%)
S&P Egypt Sovereign Bond Index	926.79	+0.1% (YTD: +19.2%)
S&P MENA Bond & Sukuk	150.44	+0.1% (YTD: +7.5%)
VIX (Volatility Index)	15.29	-8.7% (YTD: -11.9%)

THE CLOSING BELL-

The EGX30 fell 0.8% at Thursday’s close on turnover of EGP 4.4 bn (1.5% above the 90-day average). International investors were the sole net buyers. The index is up 19.9% YTD.

In the green: Arabian Cement (+5.0%), GB Corp (+1.6%), and Juhayna (+1.1%).

In the red: Eastern Company (-3.2%), Raya Holding (-2.1%), and Orascom Construction (-1.9%).

CALENDAR

SEPTEMBER

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

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

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): IMF mission expected to visit Egypt for talks on combined fifth and sixth reviews of the EFF arrangement.

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.

4-7 December (Thursday-Sunday): Egy Stitch & Tex Expo 2025, Cairo International Conference 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.

https://entlaq.com/events/2

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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