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As interest rates remain elevated, industry players are struggling to unlock capex investments
Banks are also reportedly concerned about risk levels associated with funding manufacturers
EKH wants in on the state’s privatization program. PLUS: Sawari Ventures USD 150 mn fund, Evolve gold investment fund, Fincart KSA HQ, Tamar ups production, Marakez loan
EKH also wants to set up electricity distribution stations under build-own-transfer agreements with the government
Gov’t and Emirati company team up for USD 3 bn aluminum factory
The factory will produce 600k tons of aluminum a year
With warmer political ties, Turkey could give Egyptian industry a shot in the arm
The two countries could revive plans for a Turkish industrial zone in Egypt
News of more freezones + flights
MANUFACTURING- Eleven new freezones? The government has prepared a list of sites in 11 cities it plans to offer to…
With mandatory pricing + FX pressures, Egypt’s pharma industry is trying to keep its head above water
Manufacturers are looking to produce vitamins and cosmetics to help offset losses
SCZone inks framework agreements for five industrial projects
The SCZone head Walid Gamal El Din said the agreements signed are the first of 50 others in the works
Gov’t’s Pharos Energy bill rises to USD 37 mn. PLUS: Schneider solar projects, Tata Motors team up with MM Group, ValU + Bosta + PayTabs, Heliopolis Housing project, Nokia factory, new ADIB microfinance firm
The company intends to refrain from retrieving its USD-denominated receivables due to the exchange rate volatility.
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