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Chinese steel manufacturer to set up USD 297 mn plant in Sokhna Industrial Zone
The factory will export 70% of its production
Ajlan & Bros could invest USD 1.5 bn in tourism project in Ras Gamila
The Saudi company also eyes stakes in several state-owned companies offered in the privatization program
Egypt inks 14 agreements with Chinese firms during China-Egypt Zhejiang Economic Forum
The projects include a USD 800 mn fiberglass factory and a power generation center
Egyptian-American Enterprise Fund to finance Tanmiya Capital Ventures fund. PLUS: City Lab stake sale fast approaching
The Egyptian-American Enterprise Fund will provide USD 50 mn in financing for Tanmiya Capital Ventures’ upcoming fund
Tobacco distributors can hike their prices by up to 12%. PLUS: News from Halan, Post for Investment, Al Gaweesh Group
Tobacco distributor hiked their prices earlier this year
SCZone greenlights new industrial projects
The projects include Orascom’s EGP 13 bn industrial complex and DNM’s USD 40 mn denim factory
Foreign investors ink USD 353 mn worth of industrial projects
Egypt signed three separate industrial investment agreements with companies from China, Poland, and France
THIS EVENING: Egypt signs three industrial investment agreements + NUCA is taking its first sukuk issuance to market
Good afternoon, wonderful people. We have a mixed bag of news on the local front as the week begins to…
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