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Logistics (MENA) 
GDP growth slowed to 2.4% in FY 2023-24
The figure represents a drop from the 3.8% growth rate recorded during the previous fiscal year
Cement production cut extended again
The cut was initially introduced for a one-year period in 2021
Poland’s Padma Art wants to set up a EUR 70 mn furniture complex in New Alamein
The complex will earmark most of its output to Arab, US, and European markets
Gov’t efforts to make state-owned land investable + USD 60 mn linen freezone
The entirety of the zone’s production will be exported
Scatec, John Cockerill, Rely, and SLB to team up on local electrolyzer manufacturing
The move comes as Egypt seeks to double down on its plan to become a green hydrogen export hub
Auto players promise significant investments in Egypt as localization push continues
Egyptian International Motors and Stellantis pledge major investments in the local auto sector
More international players are interested in Damietta’s green ammonia project. PLUS: News from Taqa Arabia, Premium Healthcare
The project will produce around 150k tons of green ammonia annually in Mopco’s factories
More locally-made BYD models to come? PLUS: News from USAID, Premium Healthcare, Oppo
The models will include a hybrid and a gasoline-powered model
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