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Regulators just greenlit Egypt’s first ever gold investment fund. PLUS: Data center upgrade, new Sawari tech fund, oil + gas exploration.
Gold prices have surged 60% this year on ongoing economic uncertainty
A very long shortlist underscores tons of interest in desalination projects
SFE wants to sign contracts for 3-4 plants by 3Q
Japan is lending us c. USD 733 mn for Cairo Metro Line 4
Fumio Kishida expressed interest in infrastructure + renewable energy investment
Foreign investors flock to the gov’t’s Darah Provincial Capitals housing development project
The project aims to develop housing and infrastructure in provincial capitals
Egyptian, Indian firms to team up on USD 80 mn pharma materials plant
Egyptian and Indian firms will spend USD 80 mn on a pharma materials plant
A rundown of the real estate units completed in Egypt during FY 2021-22
The private sector accounted for just under half of all housing units completed
El Nasr’s search for an EV partner continues
El Nasr has been searching for a partner for years
Elsewedy Electric, Qatar’s UCC sign to build Libyan power plant
The contract is worth at least EUR 800 mn
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