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Save the date, Saudi investments are on their way. PLUS: News from Ingram Micro, Telecom Egypt, Valu, and EIB
The Saudi Al Kraida Dates is working on a dates factory
Benya and Khazna to break ground on 25 MW data center in 1Q 2024. Plus: Osilan, Protech, Beltone, Capgemini, and more
The project cost comes in at a total of USD 250 mn
The full lowdown on our infrastructure preparations ahead of this year’s rainy season
The government has spent some EGP 6.7 bn on sewer works to handle rainwater ahead of the winter season
Afreximbank extends USD 3 bn in credit facilities to Egyptian firms
The lender is giving Hassan Allam Holding a USD 200 mn facility to support its infrastructure projects in Africa
Elsewedy Electric bottom line doubles
The company also clocked a 66% y-o-y jump in revenues in 3Q 2023
Pico and Kufpec want to invest USD 119.5 mn in Gulf of Suez exploration. PLUS: Equinox ups stake in Rameda, UAE embassy move, power generator plant
The two companies also requested 20-year licenses for the concession
Sky, Reliance Logistics in talks with BdC to fund multipurpose terminal at East Port Said port. Plus: Banque Misr land sale
Plus: The Egyptian Holding Company for Silos and Storage wants to borrow EGP 5 bn to fund silo expansion
IDG-led consortium to sign MoU to develop Beni Suef dry port. PLUS: Jumia + Aman, Valu + EBI, Rakta + Al Ahly Pharos, Kima + Tecnimont
The port project could require some USD 500 mn according to a local news outlet
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