Suez Canal is one of global shipping checkpoints under investigation by the US

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WHAT WE’RE TRACKING TODAY

Egypt could be in for another regasification unit from the US’ Excelerate Energy

Good morning, all. We ring in the third workweek of Ramadan with another slow news day. In today’s issue we have news of Scatec signing a power purchase agreement with EgyptAlum for its 1.1 GW solar plant and the US launching an investigation into perceived transit constraints at a number of maritime checkpoints including the Suez Canal.

So, when do we eat? Maghrib prayers are at 6:04pm in the capital, and you’ll have until 4:36am tomorrow to hydrate and caffeinate ahead of fajr.

PSA-

WEATHER- It’s another hot day in Cairo, with a high of 33°C and a low of 20°C, according to our favorite weather app.

It’s almost as hot in Alexandria, with a high of 30°C and a low of 18°C.

** DID YOU KNOW that we now 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.

WATCH THIS SPACE-

#1- A floating storage and regasification unit from the US’ Excelerate Energy could be in the cards: Oil Minister Karim Badawi met with CEO of US-based LNG solutions company Excelerate Energy Steven Kobos where they discussed leasing floating storage and regasification units to Egypt, sharing technical expertise, and LNG trade cooperation, according to a ministry statement.

This isn’t the only floating regasification unit in the government’s sights: A delegation is expected to touch down in Germany later this month to iron out the details for the lease of a regasification unit. Egypt is also expected to ink an agreement this month to rent a floating regasification unit from Cyprus, with the ship reportedly expected to dock in Egypt to cover high energy demand in the summer months. In addition to the two vessels docked in the Red Sea, the government also reportedly chartered a third floating storage regasification unit to dock at Ain Sokhna by June 2025 and a fourth unit from Turkey to dock during the summer.

REMEMBER- The country aims to import 155-160 shipments of LNG this year to close the gap between demand and supply. Egypt reportedly needs around 6.2 bn cubic feet per day (bcf/d), but domestic production only contributes 4.4 bcf/d.

#2- High-level investment delegation to visit Iraq soon: A high-level investment delegation has received preliminary approval to visit Iraq, Al Shorouk reports, citing unnamed sources, who didn’t identify the exact date of the anticipated visit. The visit will come in response to an official memorandum from the Iraqi side identifying key sectors in need of foreign investments, the pharma sector topped the list. The Iraqi side has approached the Federation of Egyptian Industries over setting up projects totaling USD 12 bn across various sectors.

THE BIG STORY ABROAD-

The latest decisions from the Trump administration are making headlines once again — that includes potential travel bans and attacks on the Houthis.

The Trump administration is considering broad travel restrictions affecting citizens from over 40 countries. The draft proposal — currently under internal review — would impose full or partial visa suspensions on citizens from 43 countries, but the final version is still subject to approval by the administration. The proposed restrictions split the countries into three tiers, the first tier will see a full visa suspension — it includes countries like Syria, Yemen, Sudan, Somalia, and Libya. The second includes sharp visa restrictions and the third could be subject for partial visa suspension if their governments do not make efforts to address Trump Administration concerns within 60 days. (Reuters | The Guardian | New York Times)

AND- The US launched large-scale military strikes on Houthi-controlled areas in Yemen, following an order from US President Donald Trump, in retaliation for the Iran-backed militant group’s repetitive attacks on vessels in the Red Sea, Trump said in a post on his social media platform Truth. The Houthi-run health ministry said 13 civilians were killed in Sanaa, while Houthi-affiliated Al Masirah TV reported six deaths in Saada. The Houthis’ political bureau condemned the attack as a “war crime” and vowed to “respond to escalation with escalation.” (Reuters | New York Times | AP | BBC | CNBC)

MEANWHILE- G7 threatens Moscow with more sanctions: The G7 is pushing Russia to follow Ukraine in agreeing to a 30-day ceasefire or risk further sanctions — including further caps on oil prices. The draft, which still requires ministerial approval, emphasized the need for “robust and credible security arrangements” to ensure Ukraine can deter future aggression. (Financial TImes | The Guardian | Reuters)

US investigates perceived constraints at global checkpoints including Suez Canal

US launches probe into Suez Canal, other global shipping chokepoints: The US Federal Maritime Commission (FMC) has launched an investigation into global maritime chokepoints, including the Suez Canal, to assess whether foreign governments or shipping operators are creating conditions unfavorable to US shipping and trade, according to an investigation order published on the Federal Register.

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

A broader look at global trade disruptions: “Recent events have indicated that transit constraints at several critical points in the global shipping supply chain have led to conditions that are appropriate for the commission to investigate. Such constraints have affected transits through the English Channel, the Malacca Strait, the Northern Sea Passage, the Singapore Strait, the Panama Canal, the Strait of Gibraltar, and the Suez Canal,” the investigation order read.

Why the Suez Canal? The waterway — which handles 10-12% of global trade — is a focal point of concern for the US administration, because “its narrow width and single-lane format often leads to delays, especially during peak seasons,” according to the FMC. The commission also pointed out that its shallow depth “makes it prone to weather-related issues, further increasing the risk of accidents,” citing the 2021 Ever Given crisis. The commission also highlighted security risks stemming from ongoing conflicts, including that involving the Houthis and the war in Gaza, on top of “threats from piracy and terrorism,” the document read.

What could this mean: A former FMC lawyer told Bloomberg that the FMC has been given the authority to take corrective action if the investigation proves unfavorable conditions in shipping. The corrective action could include a USD 1 mn fee per voyage, which could limit “firms’ ability to participate in FMC-filed agreements like alliances, or blocking foreign-flagged vessel access to US ports,” she said.

What’s next? The commission is seeking comments until 13 May regarding the causes of constraints in the mentioned checkpoints.

Scatec inks PPA with EgyptAlum for 1.1 GW solar plant

Scatec inked a 25-year power purchase agreement with EgyptAlum for its 1.1 GW solar plant and 200 MWh battery energy storage system (BESS) in Naga Hammadi, according to a statement from the Norwegian renewables firm. The Finance Ministry will back EgyptAlum’s financial commitments with Scatec under the newly signed agreement, after the decision was greenlit by the House in January.

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

The project to power the state-owned aluminum producer’s aluminum complex has been in the works since at least January of last year and was made official the month after. This comes as EgyptAlum looks to comply with global sustainability and manufacturing standards to meet the EU’s Carbon Border Adjustment Mechanism (CBAM) rules, which will come into effect in 2026. EgyptAlum exports 60% of its production to Europe.

The renewables player is hoping to break ground in the next 12 months, after reaching financial close for the project. In the meantime, Scatec will work with the authorities to secure land for the project, finalize how it will connect to the grid, and work on securing financing.

The project is expected to cost USD 650 mn — up slightly from original estimates of USD 600 mn — which will be 80% financed through non-recourse project debt, with the remainder to be covered by equity from Scatec and partners. Scatec will be the sole owner initially, but it is planning on offloading some stakes to other equity investors in the long-run.

SCATEC’S RENEWABLE PROJECTS JOIN NWFE-

Scatec projects are now under the NWFE umbrella: Planning and International Cooperation Minister Rania Al Mashat has inked a framework agreement with Scatec CEO Terje Pilskog to include the Norwegian player’s renewable energy projects portfolio in Egypt in the government’s Nexus for Food, Water, and Energy initiative (NWFE), according to a statement.

What does this mean for us? The inclusion of new Scatec projects in the NWFE initiative is expected to facilitate access to blended financing from multilateral and bilateral development partners, helping drive more green investments in Egypt, according to Al Mashat.

Elsewedy Electric sees bottom line climb 72.6% in 2024

EGX-listed Elsewedy Electric’s net income rose 72.6% y-o-y to EGP 17.5 bn in 2024, according to the company’s latest earnings release (pdf). Meanwhile, revenues expanded 52.4% y-o-y during the year to EGP 232 bn.

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

The company’s wires and cables segment remained its largest revenue generator, climbing 66.4% y-o-y to EGP 137.2 bn in 2024, supported by higher prices and increased sales volumes. The company’s turnkey segment followed as the second-biggest contributor, with revenue from the segment rising 32.4% y-o-y to EGP 70 bn during the year.

On a quarterly basis, the company’s bottom line more than doubled in 4Q 2024, rising 105.8% y-o-y to EGP 4.2 bn, as strong revenue growth offset the impact of higher costs. Revenues climbed 54.8% y-o-y during the quarter to EGP 67.2 bn, driven by strong performance across the company’s core business segments.

ALSO- The board proposed a dividend payout of EGP 1 per share, the release reads.

Looking ahead: “Our ambitious three-year plan aims to double exports and expand our portfolio, further solidifying our position as a global leader. To this end, we will continue to forge partnerships with industry leaders to drive innovation and expand in key markets, while integrating the latest AI-driven solutions to enhance efficiency and streamline operations,” CEO Ahmed El Sewedy said.

Abu Dhabi Tourism Investment Company breaks ground on USD 120 mn pyramids hotel

HOSPITALITY-

Abu Dhabi Tourism Investment Company begins working on USD 120 mn pyramids hotel: Abu Dhabi Tourism Investment Company (ADTIC), the Abu Dhabi Fund for Development’s majority-owned, Egypt-focused firm, officially broke ground on its 302-room Sofitel Legend Pyramids hotel project, CEO Yahya Qutb told Asharq Business. Qutb put the investment ticket at USD 120 mn — a good USD 40 mn more than what he told local outlets when he announced a USD 170 mn plan to develop three hotels.

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

REGULATION-

FRA launches first-of-its-kind online legislative information page for NBFIs: The Financial Regulatory Authority (FRA) launched a section on its website compiling all legislative and regulatory frameworks regarding the non-banking financial sector, according to an authority statement. The move aims to simplify access to information about laws and regulations and is part of the authority’s efforts to create a more business-friendly environment, according to the authority’s head Mohamed Farid.

TRADE-

South Korea backs new digital import tracking system: The Korea International Cooperation Agency is backing the rollout of a digital oversight and tracking system for imported industrial and non-food consumer goods under a EGP 600 mn grant from the South Korean government, according to a statement. Launched with the General Organization for Export and Import Control, the project seeks to tighten import oversight and crackdown on substandard goods, with the Korean input supplying equipment, software, and digital infrastructure for the rollout — set to run from June 2025 through 2029.

Russian assets back in demand amid ceasefire hopes

Middle Eastern investors are driving an uptick in demand for Russian assets, particularly USD-denominated bonds issued by energy giant Gazprom, as hopes for an end to Russian sanctions return amid ceasefire talks, Bloomberg reports. The number of transactions has remained limited due to limited supply, with bondholders either unwilling to sell or demanding high prices, which has pushed down yields on EUR- and USD-denominated Russian bonds, unnamed sources told the business news information service.

(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 fueling the interest? US President Donald Trump’s expressed intentions to broker an agreement to end the Russia-Ukraine war, which fueled speculation about a potential easing of sanctions. Investors see this as a chance to buy discounted Russian assets in anticipation of a market rebound.

Investors are also exploring RUB-related investments through non-deliverable forwards — derivatives that provide indirect access to Russian markets without violating sanctions. Major investment banks, including Goldman Sachs and JPMorgan Chase, are reportedly facilitating such transactions.

Despite the optimism, Russian assets carry significant financial, legal, and reputational risks. If sanctions are not lifted — or are later reimposed — investors can face serious losses. Trump has sent mixed signals, warning of possible new banking sanctions on Russia while also preparing for negotiations. Even if sanctions were eased, Russia’s economy has increasingly become a war economy, raising concerns that foreign investments could indirectly support its military efforts, one expert noted.

The Kremlin also isn’t rushing to welcome back Western businesses, as the country imposed tough conditions on foreign firms after the war began, often forcing them to sell assets at high losses or to Kremlin-approved buyers. As a result, any return of Western investors may come with stringent terms, including demands for technology transfers and local production requirements.

ALSO FROM PLANET FINANCE-

Gold passed the USD 3k mark for the first time ever by the end of trading last week, with the precious metal set to return to trading tomorrow with a price of USD 3001.10 per ounce. Mounting Trump tariff tensions has pushed investors toward the safe-haven asset, driving the value of the yellow bricks up 13.6% since the start of the year.

EGX30	31,291	+0.8% (YTD: +5.2%)
USD (CBE)	Buy 50.58	Sell 50.72
USD (CIB)	Buy 50.60	Sell 50.70
Interest rates (CBE)	27.25% deposit	28.25% lending
Tadawul	11,726	+0.2% (YTD: -2.6%)
ADX	9419	+0.1% (YTD: 0.0%)
DFM	5141	-0.9% (YTD: -0.4%)
S&P 500	5639	+2.1% (YTD: -4.1%)
FTSE 100	8632	+1.1% (YTD: +5.6%)
Euro Stoxx 50	5404	+1.4% (YTD: +10.4%)
Brent crude	USD 70.58	+1.0%
Natural gas (Nymex)	USD 4.10	-0.2%
Gold	USD 3001.10	+0.3%
BTC	USD 84,357	-0.1% (YTD: -9.9%)

THE CLOSING BELL-

The EGX30 rose 0.8% at Thursday’s close on turnover of EGP 4.2 bn (19.7% above the 90-day average). International investors were the sole net sellers. The index is up 5.2% YTD.

In the green: EgyptAlum (+6.3%), Ibnsina Pharma (+5.7%), and Credit Agricole (+5.4%).

In the red: Palm Hills Development (-1.9%), EFG Holding (-1.8%), and Beltone Holding (-1.4%).

CORPORATE ACTIONS-

Credit Agricole Egypt lowered its proposed 2024 dividend payout to EGP 3.20 per share, representing 50.2% of distributable profits, down from a previously planned EGP 3.82 per share, or 60% of distributable profits, according to a board decision, an EGX disclosure (pdf) reads. The payout remains subject to the general assembly’s approval.

CALENDAR

MARCH

Arla Foods’ deadline for Domty acquisition offer.

Alwaad Investment to inaugurate a new cold beverage plant with an annual production capacity of 14.5 mn units.

Al Ahly Sabbour to finalize preparations for its EGX listing, offering 20-25% of its shares, with an advisor to be tapped in early 2025.

Egypt-Sierra Leone Business Forum.

Egypt to launch its Integrated National Strategy for Sustainability and Development Financing.

APRIL

7-9 April (Monday-Wednesday): Narrative PR Summit’s 9th edition, Somabay

7-10 April (Monday-Thursday): EFG Hermes One on One conference, Dubai, UAE

10 April (Thursday): Capmas expected to release inflation data for March.

17 April (Thursday): Monetary Policy Committee’s second meeting.

28-30 April (Monday-Wednesday): FDC Regional Digital Industry Summit will launch cybersecurity index.

Business-to-business forum of Egyptian and Moroccan companies to promote bilateral trade, Cairo, Egypt.

The Suez Canal Container Terminal will begin trial operations for its expanded East Port Said facilities.

Government begins talks with EU on the second tranche of the of the EUR 5 bn concessional loans package

Saxony Delegation visit to Egypt.

Egypt to launch trial operations of the first phase of its USD 1.8 bn Egypt-Saudi electricity interconnection project, ahead of schedule

Tahya Misr 1 container terminal to begin operations, adding 3.5 mn container capacity to the port.

MAY

10 May (Saturday): Capmas expected to publish inflation data for April.

1 May-10 July (Thursday-Tuesday): 500 Global's Scale Up Program, Cairo

18-20 May (Sunday-Tuesday): First Arab International Exhibition for Sustainable Development.

22 May (Thursday): Monetary Policy Committee’s third meeting.

Egyptian Exporters Association (Expolink) exhibition, Italy

French rolling stock manufacturer Alstom will submit technical and financial bids for Cairo Metro Line 6

Egyptian-Russian Business Forum

May 2025: Egypt-Singapore Business Forum, Cairo.

JUNE

10 June (Tuesday): Capmas expected to publish inflation data for May.

June 2025: MPs approveextension of tax dispute resolution window until 30 June 2025, with potential for further extension

June 2025: Nissan and Honda finalise talks about possible merger to create the world’s third largest automobile company by sales.

June 2025: Coficab to complete its USD 88 mn automotive cable and electrical factory in Tenth of Ramadan City

JULY

10 July 2025 (Thursday): Monetary Policy Committee’s fourth meeting.

15-16 July 2025 (Tuesday-Wednesday): Egypt Mining Forum.

July 2025: The first operational trail of Egypt-KSA electricity interconnection line.

July 2025: Etihad Airways to launch twice-weekly flights to Alamein

July 2025: Israel to begin increasing gas exports to Egypt from Chevron’s offshore Tamar field

AUGUST

28 August 2025 (Thursday): Monetary Policy Committee’s fifth meeting.

August 2025: Tourism Development Authority to waive late payment penalties for land purchases if full installments are paid

SEPTEMBER

September 2025: Egypt Education Platform (EEP) to launch two new schools in Alexandria and Somabay

September 2025: Egypt Otsuka’s nutritional products factory in Tenth of Ramadan to begin operations, with exports to Gulf countries expected by January 2026

OCTOBER

2 October 2025 (Thursday): Monetary Policy Committee’s sixth meeting.

NOVEMBER

20 November 2025 (Thursday): Monetary Policy Committee’s seventh meeting.

DECEMBER

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

25 December: (Thursday): Monetary Policy Committee’s eighth meeting.

December: Taqa Arabia and Voltalia to complete studies for repowering the 545-MW Zafarana wind farm with 1.1 GW of wind and 2.1 GW of solar power

EVENTS WITH NO SET DATE

Early 2025: ADQ to break ground on the development of Ras El Hekma

Early 2025: Al Ismaelia to begin working on two new hotels and hotel apartments in Downtown Cairo.

Early 2025: The Communications Ministry will unveil the second edition of its national AI strategy in early 2025

Early 2025: The Suez Canal Authority to launch an IPO for the Canal Company for Mooring and Lights (CCML) on the EGX.

Early 2025: Orange Egypt to launch 5G services, with EGP 10 bn planned for network upgrades.

Early 2025: BP to begin drilling at the King Mariout Offshore concession.

Early 2025: Jinbei Royal Egypt to begin local assembly of 3k Jinbei vehicles, including the country’s first electric cargo van and microbus

1Q 2025: The Egyptian-Italian business forum

1Q 2025: Investment Minister Hassan El Khatib to visit Italy

1Q 2025: Eipico’s biopharma plant to begin operations

1Q 2025: Finance Ministry to launch public consultations on its tax policy document

1Q 2025: Egypt to sign trade agreements with Bahrain and UAE to slash customs clearance times

1Q 2025: Government to launch EUR 271 mn green industry program to cut emissions

1Q 2025: Egypt-Azerbaijan joint committee to meet to bolster trade and investment ties

1Q 2025: Turkish Automotive Manufacturers Association and Turkish Contractors Association to visit Egypt following an invitation from the Investment Minister

1Q 2025: One of four companies, including Abu Qir Fertilizers, Mopco, Egyptian Petrochemicals Holding Company, and a Saudi-affiliated firm, to be selected for the USD 450 mn redevelopment of Delta Fertilizers

1Q 2025: GV Auto to begin local production of FAW Group’s cheapest EV model.

1Q 2025: Alkan Auto to launch BAIC subsidiary Arcfox’s EVs to the market.

1Q 2025: Dynamic Distribution to launch a new competitively-priced Fiat model in Egypt.

1Q 2025: BP to drill two USD 160 mn exploratory gas wells in the West Delta.

1Q 2025: Port Said for Engineering Works to begin construction on a USD 80 mn aluminum foil factory in the SCZone, targeting initial production of 60k tons annually.

1Q 2025: Pearl Polyurethane Systems to start production at its EGP 100 mn polyurethane factory in the Sokhna Industrial Zone.

1Q 2025: Sumitomo Electric to officially open its EUR 22 mn cable factory in Tenth of Ramadan, with production set to begin next month.

1Q 2025: Construction of the USD 600 mn natural gas treatment plant in the Western Desert’s Meleiha concession to wrap up, followed by a pilot run.

1Q 2025: El Araby Group and Sharp to break ground on a USD 50 mn fridge and freezer manufacturing plant in the Quweisna zone.

1Q 2025: Hangzhou Henneway Travel Goods to begin production at its USD 50 mn factory in the West Qantara Industrial Zone

1Q 2025: BP to drill two USD 160 mn exploratory gas wells in the West Delta

Mid-2025: EGX launches sustainability index.

2Q 2025: Financial Regulatory Authority (FRA) to introduce derivatives on the EGX

2Q 2025: Safaga Terminal 2 to start operations

2Q 2025: Hassan Allam to build infrastructure for AD Ports' Noatum terminal at Safaga

2Q 2025: EgyptSat Auto to start production at its EV factory in Tenth of Ramadan City

1H 2025: EGX launches a sharia-compliant sustainability index.

1H 2025: Digital Financial Identity Company will launch an electronic bank account opening service

1H 2025: The Egyptian-US Investment Forum.

1H 2025: The Egyptian Mineral Resources Authority will relaunch a global tender for gold exploration through Shalateen Mineral Resources company.

1H 2025: Internal Trade Development Authority (ITDA) to establishfour logistics zones with EGP 18-20 bn investments

1H 2025: Natco to launch Chinese firm Neta Auto’s EV models.

1H 2025: OCI Global to complete the sale of its entire methanol business to Methanex for USD 2.05 bn.

1H 2025: Egypt and the UAE to begin construction of a USD 3 bn petroleum logistics zone at Al Hamra Port

1H 2025: HoldiPharma to list 25-30% stakes in Misr Pharma and Chemical Industries Development (CID) on the EGX

1H 2025: Korra Energi to list up to 20% stake on the EGX

1H 2025: Smart Villages Development and Management Company plans to list 30-35% of its shares on the EGX

1H 2025: Halliburton to bring three gas wells online as part of the Burullus project.

1H 2025: Chevron to begin gas production from the offshore Nargis gas field, initially producing 600 mn cf.

1H 2025: Nile Recycling to launch USD 20 mn PET recycling facility in Ain Sokhna, targeting an annual capacity of 22k tons and reducing carbon emissions by 40k tons

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

3Q 2025: AMEA Power to bring 500 MW Amunet wind farm online in Ras Ghareb

4Q 2025: Abou Ghaly Motors to introduce the Subaru Solterra to the market

4Q 2025: Two new projects in food manufacturing and home textiles to begin operations in the Qantara West Industrial Zone

2H 2025: National Printing Company to make its EGX debut after delayed IPO plans

2H 2025: Tabarak Holding to list 30% of its shares on the EGX

2H 2025: Turkish apparel company Denim Rise to open a garment manufacturing facility

2H 2024: Hi-Tech Apparel to break ground on a USD 20 mn sportswear factory in the SCZone

2H 2025: Eni to drill two new wells in the Zohr field with USD 160 mn in investments

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

Mid-2025: SN Automotive to launch three locally assembled models — one electric and two gasoline-powered — in Egypt

Mid-2025: Suez’s USD 1.8 bn coal and diesel production complex, developed by Enppi and Petrojet, to be completed

Mid-2025: Wataneya and Safi to debut on the EGX

End of 2025: The Egypt Digital Industrial Platform will expand to include additional services for manufacturers, including the issuance of licenses, building permits, and industrial records

End of 2025: An unnamed Chinese company and the state-owned Arab Organization for Industrialization (AOI) to begin production at a USD 360 mn tire factory in the SCZone.

End of 2025: A consortium including Redcon Properties and Al Baraka Bank to launch a local real estate investment fund with over EGP 1 bn in initial investments

Late 2025: Baron Hotels to open a new hotel in Sharm El Sheikh and debut its first international property in Zanzibar with 150 luxury suites

2025: The InterAcademy Partnership assembly

2025: Nile Basin States Summit, Cairo, Egypt

2025: Release of the government’s Startup Charter document

2025: Nafeza to integrate air cargo into its digital customs platform, further streamlining trade logistics

2025: Africa50 completes 42.9% stake acquisition in Raya Data Centers for USD 15 mn to fund construction of a USD 35 mn Tier III data center.

2025: MM Group for Industry and International Trade is set to launch 16 new Tata vehicle models locally.

2025: China to issue USD 411 bn in special treasury bonds

2025: El Attal Holding to list 30-35% of its shares on the EGX

2025: The Administrative Capital for Urban Development (ACUD) to launch its EGX debut, offering 5-10% of its shares.**

2025: Basata Holding for Financial Investments to offer 25% stake on the EGX as part of a plan to double its capital to EGP 1.4 bn.**

2025: Hilton Cairo Nile Maadi to open early in the year, alongside debuts of Tapestry Collection and Curio Collection by Hilton.

2025: Palm Hills and Marriott to launch The Ritz-Carlton Residences in West Cairo, featuring 150 branded units across 45 acres

2025: Jaz Hotel Group to set up two new hotels in North Coast, two in Hurghada, and two in Marsa Alam

2025: Sunrise Resorts & Cruises to add 4k hotel rooms to its hotels capacity.

2025: Egyptian Petrochemicals Holding Company (ECHEM) to complete studies and kick off production of Egypt’s first sustainable aviation fuels (SAFs).

2025: Polaris Parks to begin development of the industrial park in New October City

2025: EgyptAlum to launch a USD 100 mn foil production line with a 50k-ton annual capacity

2025: Honor to begin operations at its proposed smartphone manufacturing facility in Egypt, with an initial investment of USD 10 mn

2025: Indorama and Phosphate Misr to begin implementation of the USD 400-500 mn phosphate fertilizers plant in Ain Sokhna

FY 2025-26: Egypt to issue its first EGP-denominated sovereign sukuk to finance public investments outside the general budget

FY 2025-26: The government to begin introducing cash-based subsidies on a trial basis in select areas of the country

2025-2027: EUR 4 bn in concessional loans to follow as part of a EUR 7.4 bn package

2026

Baron Hotels to launch two hotels in Egypt with 950 rooms, followed by another with 750 rooms.

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

2027

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

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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