{"id":550929,"date":"2022-05-15T13:21:45","date_gmt":"2022-05-15T13:21:45","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=550929"},"modified":"2025-12-15T23:12:18","modified_gmt":"2025-12-15T23:12:18","slug":"youve-heard-of-smart-cities-now-get-ready-for-smart-industrial-parks","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/youve-heard-of-smart-cities-now-get-ready-for-smart-industrial-parks\/","title":{"rendered":"You\u2019ve heard of smart cities, now get ready for smart industrial parks"},"content":{"rendered":"<section id=\"550931\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"550931\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">1<\/div>\r\n\r\n                    <p class=\"f-graphik\">WHAT WE\u2019RE TRACKING TONIGHT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/15\/this-evening-govt-announces-strategy-to-spur-private-sector-activity-in-the-economy-unemployment-fell-in-jan-march-europe-considers-cap-on-natural-gas-prices\/\">\r\n                            THIS EVENING: Gov\u2019t announces strategy to spur private sector activity in the economy + Unemployment fell in Jan-March + Europe considers cap on natural gas prices                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/15\/this-evening-govt-announces-strategy-to-spur-private-sector-activity-in-the-economy-unemployment-fell-in-jan-march-europe-considers-cap-on-natural-gas-prices\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2022\/05\/15\/this-evening-govt-announces-strategy-to-spur-private-sector-activity-in-the-economy-unemployment-fell-in-jan-march-europe-considers-cap-on-natural-gas-prices\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2022\/05\/15\/this-evening-govt-announces-strategy-to-spur-private-sector-activity-in-the-economy-unemployment-fell-in-jan-march-europe-considers-cap-on-natural-gas-prices\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=THIS EVENING: Gov\u2019t announces strategy to spur private sector activity in the economy + Unemployment fell in Jan-March + Europe considers cap on natural gas prices&url=https:\/\/enterpriseam.com\/egypt\/2022\/05\/15\/this-evening-govt-announces-strategy-to-spur-private-sector-activity-in-the-economy-unemployment-fell-in-jan-march-europe-considers-cap-on-natural-gas-prices\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2022\/05\/15\/this-evening-govt-announces-strategy-to-spur-private-sector-activity-in-the-economy-unemployment-fell-in-jan-march-europe-considers-cap-on-natural-gas-prices\/&title=THIS EVENING: Gov\u2019t announces strategy to spur private sector activity in the economy + Unemployment fell in Jan-March + Europe considers cap on natural gas prices\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=THIS+EVENING%3A+Gov%E2%80%99t+announces+strategy+to+spur+private+sector+activity+in+the+economy+%2B+Unemployment+fell+in+Jan-March+%2B+Europe+considers+cap+on+natural+gas+prices+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F05%2F15%2Fthis-evening-govt-announces-strategy-to-spur-private-sector-activity-in-the-economy-unemployment-fell-in-jan-march-europe-considers-cap-on-natural-gas-prices%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/15\/this-evening-govt-announces-strategy-to-spur-private-sector-activity-in-the-economy-unemployment-fell-in-jan-march-europe-considers-cap-on-natural-gas-prices\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-550931\" class=\"content-area-description single-story post-550931 post type-post status-publish format-standard hentry category-what-were-tracking-tonight tag-economy tag-employment tag-energy tag-enterprisepm tag-iran tag-moustafa-madbouly tag-russia-ukraine-war tag-state-privatization-program tag-what-were-tracking-tonight wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Good afternoon, friends, and welcome to a busy start to the week.<\/strong> We have some big news for you to catch up on as you wrap up the workday, and plenty of tidbits to get you thinking, so let\u2019s get right to it.<\/p>\n<p><strong>BUT FIRST, A CORRECTION-<\/strong> In this morning\u2019s EnterpriseAM, we mistakenly reported that Amazon purchased a stake in EFG Hermes\u2019 London-listed global depositary receipts (GDRs) that is equivalent to 10% of EFG\u2019s market cap. Amazon\u2019s purchase represents 1% of EFG Hermes\u2019 GDRs. <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/38422146-4e58-4ee9-b22f-2dfec51c3f9b\">The story<\/a> has been updated on our website.<\/p>\n<p><strong>THE BIG STORIES TODAY<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>#1- Gov\u2019t announces some of its strategy to spur private sector activity in the economy:<\/strong> The government plans to more than double the private sector\u2019s contribution to the country\u2019s economy to 65%, from 30% currently, within the next three years, Prime Minister Moustafa Madbouly said at a highly-anticipated press conference today (<a href=\"https:\/\/www.facebook.com\/AlmasryAlyoum\/videos\/314806640807091\">watch, runtime: 47:57<\/a>). This target rests on the government\u2019s <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d5450603-b95c-4cb3-88aa-667655d9ce03\">long-term strategy<\/a> to reduce the state\u2019s involvement in the economy, which will be announced \u201cwithin days\u201d and will provide a roadmap for reducing the state\u2019s economic activities, charting which industries it will withdraw from and when, as well as ring fencing strategic sectors where it wants to retain a presence \u2014 all within three years. The government also expects to reach its targets with unspecified incentives geared towards improving the business climate, as well as opening lines of communication with the private sector to help cater to their needs.<\/p>\n<p><strong>ALSO IN THE STRATEGY:<\/strong> The government\u2019s plan to attract a total of USD 40 bn of local and foreign private sector investment in state-owned assets, at a pace of USD 10 bn annually over the course of the next four years. The assets include new and renewable energy projects, real estate assets in new cities, desalination projects, as well as ICT and education projects. President Abdel Fattah El Sisi had announced this goal <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5391cdf0-e2f5-4354-9608-53fd3237a288\">last month<\/a>. The government has already selected USD 9.1 bn-worth of assets out of this year\u2019s allotted USD 10 bn, and is currently working on appraising assets worth another USD 15 bn as part of a \u201cfast-tracked\u201d component of the strategy, which should be completed this year, Madbouly said.<\/p>\n<p><strong>#2- Unemployment fell in 1Q2022:<\/strong> Egypt\u2019s unemployment rate eased to 7.2% during the first quarter of the year, from 7.4% <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/15ca039b-985a-4ced-840e-eb179ca167b2\">in 4Q2021<\/a>, according to the latest data by statistics agency <a href=\"https:\/\/ent.news\/2022\/5\/Unemployment-in-Egypt-1Q-2022.pdf\">CAPMAS (pdf)<\/a>. This is the second consecutive quarter during which the jobless rate eased, after remaining somewhat steady over the past year.<\/p>\n<p><strong>^^We\u2019ll have more<\/strong> on these stories and others in tomorrow\u2019s edition of <strong>EnterpriseAM<\/strong>.<\/p>\n<hr class=\"grey-line\">\n<p><strong>THE BIG STORY ABROAD-<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>It\u2019s all about energy<\/strong>, with the European Commission considering setting a cap on natural gas prices if Russia cuts off supply to avoid \u201cunbearably high\u201d costs, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-05-14\/eu-considers-gas-price-cap-in-russian-supply-disruption-scenario?srnd=premium-middle-east\">Bloomberg<\/a> reports. European energy markets are grappling with uncertainty over gas supplies after Moscow demanded \u201cunfriendly countries\u201d pay for Russian gas in RUB, which would breach EU sanctions.<\/p>\n<p><strong>Separately, but also related: Iran says it has the capacity to double its oil exports<\/strong> if there\u2019s sufficient demand, said Mohsen Khojastehmehr, managing director of the National Iranian Oil Company yesterday, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-05-14\/iran-says-it-can-double-oil-exports-if-market-needs-more-barrels?srnd=premium-middle-east\">Bloomberg<\/a> reported. His comments come as Iran is engaged in faltering negotiations to revive the 2015 nuclear pact \u2014 an agreement would restore Iranian oil exports and grant the country much-needed sanctions relief (in return for curbs on its nuclear program). Analysts estimate that Iran sells as much as 1 mn barrels per day, though the country does not publish official production figures.<\/p>\n<p><strong>UKRAINE UPDATE- <\/strong><\/p>\n<ul>\n<li><strong>Ukrainian military infrastructure in the Lviv region was destroyed this morning<\/strong> due to a Russian missile strike, the region's Governor Maxim Kozitsky announced, reports Reuters. No casualties have since been identified.<\/li>\n<li><strong>The US Senate met with Ukrainian President Volodymyr Zelenskyy yesterday<\/strong>, with Senate Leader Mitch McConnell heading the delegation which discussed additional sanctions on Russia as well as a potential USD 40 bn aid package, reported <a href=\"https:\/\/www.reuters.com\/world\/europe\/missile-hits-military-infrastructure-ukraines-lviv-region-governor-2022-05-15\/\">CNBC<\/a>.<\/li>\n<\/ul>\n<hr class=\"grey-line\">\n<p><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM<\/strong>:<\/p>\n<ul>\n<li><strong>Amazon snaps up EFG GDRs, with option to swap for valU shares:<\/strong> Amazon <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/38422146-4e58-4ee9-b22f-2dfec51c3f9b\">has agreed to purchase<\/a> USD 10 mn worth of EFG Hermes\u2019 London-listed global depositary receipts (GDRs) with an option to convert the investment into an equity stake in EFG\u2019s consumer finance arm valU.<\/li>\n<li><strong>MSCI adds EFG Hermes to global standard index, e-Finance enters small-cap index:<\/strong> EFG Hermes <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bfca0000-c5dd-4380-8c39-000581f81077\">has been added<\/a> to MSCI\u2019s standard equities index from its small cap index following its semi-annual review. E-payments giant Fawry has been moved from the standard index to the small-cap index, and is joined by state-owned fintech player E-finance, which makes its index debut. Meanwhile, real estate firms Palm Hills Developments (PHD) and Heliopolis Housing were removed from the small-cap index.<\/li>\n<li><strong>Canal Sugar Company <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0ea3d79c-8541-48ce-8a8c-4980215b9a1b\">has secured loans<\/a><\/strong><strong> worth EGP 12.5 bn from a consortium of<\/strong> <strong>10 banks<\/strong> led by the National Bank of Egypt (NBE) to help finance its <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/44c54e20-6e5a-4111-b133-d963ae09ddbc\">USD 1 bn sugar beet processing facility<\/a> in West Minya.<\/li>\n<\/ul>\n<p class='web-image-inner'><img decoding=\"async\" data-recalc-dims=\"1\" style='display: block' src=\"https:\/\/i0.wp.com\/ent.news\/2022\/3\/Inside-Industry-en-WEB-1600x584-v5-03-1.jpg?ssl=1\" alt='enterprise'><\/p>\n<p><strong>*** It\u2019s Inside Industry day \u2014<\/strong> <strong>your weekly briefing of all things industrial in Egypt.<\/strong> Inside Industry focuses each Sunday on what it takes to turn Egypt into a manufacturing and export powerhouse, ranging from initial investment and planning to product distribution, through to land allocation to industrial processes, supply chain management, labor, automation and technology, inputs and exports, regulation and policy.<\/p>\n<p><strong>In today\u2019s issue: <\/strong>Industrial park developers in Egypt are, slowly but surely, beginning to move towards developing smart industrial parks \u2014 think the technology of <a href=\"https:\/\/enterprise.press\/hardhats\/govt-moving-towards-smart-cities\/\">smart cities<\/a> but applied to factory complexes. Today, we look at the advantages that smart parks have over regular industrial parks, and whether or not they have the potential to change the manufacturing landscape in Egypt.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>Budget season is in full swing at the House:<\/strong> The House of Representatives will begin holding committee-level discussions of the draft FY 2022-23 budget and economic and social development plan this week, <a href=\"https:\/\/english.ahram.org.eg\/NewsContent\/1\/2\/466177\/Egypt\/Society\/House-committees-begin-discussing-new-FY--budget-t.aspx\">Ahram Online<\/a> reports. If approved, the budget will be signed into law by the president. Head <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/59023cb0-be71-414c-9041-8118c08c2965\">here<\/a> for a refresher on the draft budget\u2019s key figures, and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/167c6aaf-a05f-4942-be61-e7dfb4d72673\">h<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/167c6aaf-a05f-4942-be61-e7dfb4d72673\">ere<\/a> for a look into how our state budget process works.<\/p>\n<p><strong>Need to get your head around the new e-receipt system? <\/strong>Lynx Strategic Business Advisors are following up their recent webinar on e-invoicing with a session introducing the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6deafdd9-17f0-427d-8b0d-8d2afa71e220\">Finance Ministry\u2019s new e-receipt system<\/a>, which is set to officially roll out on 1 July. The webinar will feature FinMin tax development advisor Yasser Taymour, as well as reps from Talabat, Jumia, Yoco, and the World Bank. It takes place on 18 May at 12:00-1:30pm CLT. Register <a href=\"https:\/\/us06web.zoom.us\/webinar\/register\/WN_inx2czHRSL-yHqfPUINunw\">here<\/a>.<\/p>\n<p><strong><a href=\"https:\/\/enterprise.press\/am-edition\/#calendar\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n<p>\u2600\ufe0f <strong>TOMORROW\u2019S WEATHER- <\/strong>Expect a daytime high of 30\u00b0C tomorrow and a nighttime low of 17\u00b0C, our favorite weather app tells us.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/employment\/\">employment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/iran\/\">Iran<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/moustafa-madbouly\/\">Moustafa Madbouly<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/russia-ukraine-war\/\">Russia-Ukraine war<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/state-privatization-program\/\">state privatization program<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-tonight\/\">WHAT WE\u2019RE TRACKING TONIGHT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"550932\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"550932\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/15\/550932\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-550932\" class=\"content-area-description single-story post-550932 post type-post status-publish format-standard hentry category-uncategorized wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class=\"web-image\"><a href=\"https:\/\/palmhillsdevelopments.com\/OurDevelopments\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/CLeo-enterprise-1600px-02-1.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"550933\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"550933\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">FOR YOUR COMMUTE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/15\/investing-in-biodiversity-is-the-hottest-new-esg-investment-which-countries-should-adopt-central-bank-backed-digital-currencies\/\">\r\n                            Investing in biodiversity is the hottest new ESG investment + Which countries should adopt central bank-backed digital currencies?                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" 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photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/5\/468.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"550934\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/15\/investing-in-biodiversity-is-the-hottest-new-esg-investment-which-countries-should-adopt-central-bank-backed-digital-currencies\/468-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/5\/468.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"468.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/5\/468.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/5\/468.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-550933\" class=\"content-area-description single-story post-550933 post type-post status-publish format-standard has-post-thumbnail hentry category-for-your-commute tag-enterprisepm tag-environment tag-esg tag-for-your-commute tag-world-economic-forum wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>The hottest new green business venture: Investing in biodiversity. <\/strong>As the market for environmentally-friendly investing grows at an exponential pace, fund managers have recently discovered the potential benefits of jumping into biodiversity funds, a long-overlooked corner of green finance, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-05-15\/fund-managers-jump-into-esg-niche-with-potential-to-grow-2-000?srnd=premium-middle-east\">Bloomberg<\/a> reports. UK\u2019s Aviva Plc has set up a natural-capital equity fund to invest in companies such as plant-based protein company Beyond Meat Inc, while Jupiter Asset Management has added new multi-asset ecology funds to its series. The market for biodiversity investments could grow by more than 2,000%, according to the Paulson Institute, which estimates that the field could reach as much as USD 93 bn by 2030, up from about USD 4 bn in 2019. With around 50% of the world\u2019s economy derived from biological resources, according to estimates by the World Economic Forum, investors are realizing the importance of actively seeking funds that protect our ecosystems \u2014.the destruction of our natural resources would not just result in a climate disaster, it would lead to massive financial losses.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>Which countries should adopt central bank-backed digital currencies?<\/strong> Nine out of ten central banks surveyed (<a href=\"https:\/\/www.bis.org\/publ\/bppdf\/bispap123.pdf\">pdf<\/a>) by the Bank for International Settlements are exploring central bank-backed digital currencies (CBDCs). As the demand for physical cash continues to dwindle, with banknote shares in POS transactions shrinking to 11% in North America, 19% in the Asia-Pacific and 27% in Europe, developed countries are steadily investing in CBDCs.<\/p>\n<p><strong>The question remains: which countries should adopt CBDCs and which can go without?<\/strong> The survey notes that countries with sturdy payment structures, a variety of noncash options, and whose currencies garner the local population\u2019s trust, such as Poland, will probably have no need of CBDCs. Nations like Peru, who have underlying problems with their retail financial system, may be fertile grounds for CBDCs, something that the Peruvian central bank noted in the survey that payment flows could be enhanced by the introduction of a CBDC. <a href=\"https:\/\/www.bloomberg.com\/opinion\/articles\/2022-05-10\/poland-or-peru-which-country-should-switch-to-digital-cash-first?sref=mmeFTDW1\">Bloomberg<\/a>also has the story.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/environment\/\">environment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/esg\/\">ESG<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n              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data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/5\/469.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/5\/469.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-550936\" class=\"content-area-description single-story post-550936 post type-post status-publish format-standard has-post-thumbnail hentry category-enterprise-recommends-2 tag-eat-this-tonight tag-enterprise-recommends tag-enterprisepm tag-on-the-tube-tonight tag-sports wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>? <\/strong><strong>ON THE TUBE TONIGHT-<\/strong><\/p>\n<p>(all times CLT)<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong><a href=\"https:\/\/www.imdb.com\/title\/tt1879016\/\">Operation Mincemeat<\/a><\/strong><strong> tells the story of the elaborate deception behind the invasion of Sicily in WW2<\/strong><strong>: <\/strong>Set in 1943, the Allies are planning an all-out assault on Sicily to weaken Hitler\u2019s grip on occupied Europe. However, the German army was well-fortified and prepared for all their invasions, which led two British intelligence officers, Ewen Montagu (played by Colin Firth) and Charles Cholmondeley (Matthew Macfadyen), to devise an ingenious plan. Based on this true story, the film follows the two officers as they plant a false coded message on a corpse, hoping the enemy will scoop it up and take the bait. This obscure part of the war makes for a great watch for history buffs or those who enjoy drama-filled war movies. Operation Mincemeat is a Netflix film, so expect to see it on the streaming site soon or head to several cinemas nationwide where the film is <a href=\"https:\/\/elcinema.com\/en\/work\/2071278\/\">currently being shown<\/a>.<\/p>\n<p><strong>Fun fact: <\/strong>Operation mincemeat saw the involvement of one Lt. Col. Ian Fleming, who used his wartime experience to create James Bond and other spy characters.<\/p>\n<p>\u26bd <strong>The race for top 4 in the English Premier League continues: <\/strong>Tottenham and Burnley wrapped up their match just as we were hitting send, with Spurs taking home the 1-0 victory. Spurs beat Arsenal in a humiliating 3-0 thrashing leaving them one point behind the Gunners, who hold on to their top 4 position with their teeth and fingernails. Meanwhile, West Ham v Manchester City kicked off at 3pm, with the game potentially bringing City closer to retaining the league title or reviving Liverpool's hopes before the last round. Several other teams also hit the field at 3pm \u2014 Aston Villa v Crystal Palace, Leeds v Brighton, Watford v Leicester City, as well as Wolverhampton v Norwich \u2014 and are ongoing as we dispatch. The last matches in England will bring together Everton and Brentford at 5:30pm.<\/p>\n<p><strong>Nine La Liga matches are starting at 7:30pm:<\/strong> Cadiz v Real Madrid; Getafe v Barcelona; Atletico Madrid v Seville; Celta Vigo v Elche; Atletico Bilbao v Osasuna; Levante v Deportivo Alaves; Real Mallorca v Rayo Vallecano; Real Betis v Granada; Villarreal v Real Sociedad.<\/p>\n<p><strong>The Italian League is entering its final and decisive rounds<\/strong> with the attention on two matches: Milan will play against Atlanta at 6pm and Cagliari against Inter at 8:45pm. Milan is currently at the top of the league, above Inter with two points, while each team has two matches left until the end of the competition.<\/p>\n<p><strong>And here in Egypt: <\/strong>Ismaili and Ceramica Cleopatra will compete at 4pm, while El Mokawloon plays against Enppi at 6:30 pm, and Pyramids with Farco at 9pm.<\/p>\n<p><strong>IN OTHER FOOTBALL NEWS- <\/strong><\/p>\n<p><strong>CAF agrees to move African Nations qualifiers so that<\/strong><strong> Egyptian team is present: <\/strong>The Confederation of African Football has agreed to amend the dates of Egypt's matches against Guinea and Ethiopia in the African Nations qualifiers to 5 and 9 June, respectively, instead of 2 and 6 June, according to a <a href=\"https:\/\/www.facebook.com\/efasocial\/posts\/2172551856234576\">statement<\/a> on Thursday. The rescheduling comes at the request of the Egyptian Football Association due to the proximity to the date of the African Champions League final match (scheduled for 30 May). Al Ahly qualified for the May league match yesterday after defeating Algeria\u2019s ES Setif. Al Ahly will face Morocco\u2019s Wydad in the final with the hope of getting the top title for the third time in a row.<\/p>\n<p><strong>? EAT THIS TONIGHT- <\/strong><\/p>\n<p><strong>Hummus and Go serves Palestinian street food: <\/strong>New Cairo folks can head to The Yard in Rehab city, where the new Palestinian food truck is parked. <a href=\"https:\/\/instagram.com\/hummus.and.go?igshid=YmMyMTA2M2Y=\">Hummus and Go<\/a> first appeared during Ramadan serving sohour dishes such as falafel, foul, and salads. If you\u2019re a hummus fan, then you\u2019ll be delighted to hear that the food truck\u2019s namesake is deliciously prepared, with many different variations to choose from. There are hummus salads, dips, and even hummus-stuffed foul, but we recommend the creamy roasted red pepper hummus or their hummus and beef. Hummus and Go is a great place to get your Friday breakfast fix or head there to stock up on a few salads to keep on hand.<\/p>\n<p>? <strong>OUT AND ABOUT-<\/strong><\/p>\n<p>(all times CLT)<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>Head to a swing dancing night at Minglings tonight: <\/strong>The Heliopolis venue is hosting a <a href=\"https:\/\/www.facebook.com\/events\/s\/swing-dancing-night-in-heliopo\/671057484342601\/\">swing dancing night<\/a> tonight at 8pm, with an introductory class to the dance, dancing games, and competitions. Minglings urges people to get dressed in their \u201c20s or 50s outfits\u201d to really get into the spirit.<\/p>\n<p><strong>The Cairo Opera House is showing an exhibition with works from father and son artists:<\/strong> Art ran in the family for the late Salah Tahir and his son Ayman Tahir. Salah was appointed as head of the Museum of Modern Arts and then as head of the Opera in the 1960s. He also joined Al Ahram in 1966 as artistic consultant, holding the position until his death in 2007. Over his lifetime he painted over 15k paintings that were shown across the world. Today his son continues his artistic legacy, putting his paintings side by side with his father\u2019s in an exhibition called <a href=\"https:\/\/www.facebook.com\/events\/s\/novelty-of-salah-ayman-tahir-w\/1724344341236274\/\">Through the Eyes of Safeya<\/a> which is on display until 18 May at the Cairo Opera House.<\/p>\n<p><strong>Also at the Opera House, Austrian <\/strong><strong><a href=\"https:\/\/www.facebook.com\/events\/s\/duo-aliada-_-live-concert\/732257627809691\/\">Duo Aliada<\/a><\/strong><strong> is performing today at 8pm <\/strong>as part of the Austrian Cultural Forum\u2019s celebration of the Europe Month of May. Duo Aliada consists of saxophonist Micha\u0142 Knot and accordionist Bogdan Laketic who set out to explore the musical landscapes of Eastern Europe and the Western hemisphere.<\/p>\n<p><strong>? UNDER THE LAMPLIGHT-<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>How biotechnology emerged as one of the world\u2019s top sectors in a matter of<\/strong><strong> decades: <\/strong><a href=\"https:\/\/www.amazon.com\/Breakthrough-Blockbuster-Business-Biotechnology-ebook-dp-B09LVWC7XL\/dp\/B09LVWC7XL\/ref=mt_other?_encoding=UTF8&me=&qid=\">From Breakthrough to Blockbuster<\/a> by Donald L. Drakeman, Lisa N. Drakeman, and Nektarios Oraiopoulos follows the sector from the 1970s when several scientific breakthroughs promised to pioneer the creation of new meds. As the discoveries began to earn Nobel Prizes, investors wanted in on the sector and poured into biotech startups around the world who were attempting to compete with major pharma companies who had been in operation for a century. The success of the sector was soon realized as these small biotech companies now create nearly 40% more of the most important treatments for previously unmet medical conditions \u2014 all with less capital and costs. The book shows how a supportive environment, from VCs to the government, helped the entrepreneurial biotech industry to expand with unprecedented efficiency.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/eat-this-tonight\/\">Eat This Tonight<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-recommends\/\">Enterprise Recommends<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/on-the-tube-tonight\/\">On The Tube Tonight<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sports\/\">sports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"550938\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"550938\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">GO WITH THE FLOW<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/15\/earnings-watch-amoc-credit-agricole-export-development-bank-adib\/\">\r\n                            Earnings watch: AMOC, Credit Agricole, Export Development Bank, ADIB                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/15\/earnings-watch-amoc-credit-agricole-export-development-bank-adib\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2022\/05\/15\/earnings-watch-amoc-credit-agricole-export-development-bank-adib\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2022\/05\/15\/earnings-watch-amoc-credit-agricole-export-development-bank-adib\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Earnings watch: AMOC, Credit Agricole, Export Development Bank, ADIB&url=https:\/\/enterpriseam.com\/egypt\/2022\/05\/15\/earnings-watch-amoc-credit-agricole-export-development-bank-adib\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2022\/05\/15\/earnings-watch-amoc-credit-agricole-export-development-bank-adib\/&title=Earnings watch: AMOC, Credit Agricole, Export Development Bank, ADIB\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Earnings+watch%3A+AMOC%2C+Credit+Agricole%2C+Export+Development+Bank%2C+ADIB+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F05%2F15%2Fearnings-watch-amoc-credit-agricole-export-development-bank-adib%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/15\/earnings-watch-amoc-credit-agricole-export-development-bank-adib\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-550938\" class=\"content-area-description single-story post-550938 post type-post status-publish format-standard hentry category-go-with-the-flow tag-abu-dhabi-islamic-bank tag-amoc tag-credit-agricole tag-earnings-watch tag-egx tag-enterprisepm tag-export-development-bank-of-egypt tag-go-with-the-flow wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>EARNINGS WATCH- <\/strong><\/p>\n<p><strong>Alexandria Minerals Oil Company\u2019s (AMOC) bottom line rose roughly 638% in 9M<\/strong><strong> 2021-2022 to EGP 762 mn<\/strong>, according to the company\u2019s <a href=\"https:\/\/ent.news\/2022\/5\/AMOC-9M-20-21-earnings.pdf\">financials (pdf)<\/a>. The company\u2019s revenues rose 72% y-o-y during the nine-month period to EGP 12.26 bn.<\/p>\n<p><strong>Credit Agricole Egypt\u2019s bottom line rose 30% y-o-y in 1Q 2022 to EGP 491.5 mn<\/strong>, according to an <a href=\"https:\/\/ent.news\/2022\/5\/credit-agricole-1Q2022.pdf\">income statement (pdf)<\/a> released today. The bank generated EGP 1.37 bn in net interest income during the January-March period, up 9% from last year.<\/p>\n<p><strong>The Export Development Bank of Egypt saw its bottom line rise 139% y-o-y in 1Q 2022<\/strong> to EGP 301.9 mn, the bank reported in its <a href=\"https:\/\/ent.news\/2022\/5\/Ebank-1q-earnings.pdf\">financials (pdf)<\/a>. Net interest income reached EGP 1.66 bn during the first quarter of the year, rising 20.8% y-o-y.<\/p>\n<p><strong>Abu Dhabi Islamic Bank\u2019s (ADIB) net income rose 33.7% y-o-y in 1Q 2022 to EGP 444.30<\/strong><strong> mn<\/strong>, the bank\u2019s <a href=\"https:\/\/ent.news\/2022\/5\/ADIB-1Q-earnings.pdf\">financials (pdf)<\/a> revealed. Revenues during the period also rose 23% y-o-y to EGP 2.31 bn.<\/p>\n<p><strong>MARKET ROUNDUP-<\/strong><\/p>\n<p><strong>The EGX30 fell 1.4% at today\u2019s close<\/strong> on turnover of EGP 733 mn (15.5% below the 90-day average). Foreign investors were net buyers. The index is down 11.8% YTD.<\/p>\n<p><strong>In the green: <\/strong>CIRA (+2.0%), Cleopatra Hospitals (+1.7%) and Eastern Company (+1.3%).<\/p>\n<p><strong>In the red: <\/strong>Ibnsina Pharma (-4.6%), EFG Hermes (-4.4%) and Credit Agricole Egypt (-3.5%).<\/p>\n<hr \/>\n<p><em><strong>Correction:<\/strong> This story was amended on 15 May 2022 to correct Credit Agricole Egypt's net profit figure for 1Q 2022.<\/em><\/p>\n<p>\u00a0<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/abu-dhabi-islamic-bank\/\">Abu Dhabi Islamic Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/amoc\/\">AMOC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/credit-agricole\/\">Credit Agricole<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/earnings-watch\/\">earnings watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/export-development-bank-of-egypt\/\">Export Development Bank of Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/go-with-the-flow\/\">Go with the Flow<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<div class=\"alignfull inside-industry vertical-section wide-section wp-block-group issue-section\" id=\"550939\">\r\n    <div class=\"issue-section__content\">\r\n        <div class=\"alignwide wp-block-columns\">\r\n            <div class=\"wp-block-column sidebar-vertical-info\" style=\"flex-basis:22.8%\">\r\n                <figure class=\"wp-block-image size-full\">\r\n                                            <img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27470.svg\" style=\"width:80%\" alt=\"\" >\r\n                                    <\/figure>\r\n                <p>\r\n                    Our weekly look at the issues, trends, and policies that are shaping Egypt's manufacturing industries.                <\/p>\r\n                <figure class=\"wp-block-image size-full mt-0 mb-0 img-white-bg\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27477.svg\" alt=\"\"><\/figure>\r\n                <p class=\"has-text-color has-link-color\">\r\n                    Published every Sunday in EnterprisePM.                <\/p>\r\n                <div class=\"wp-block-buttons mt-0\">\r\n                    <div class=\"wp-block-button\">\r\n                        <a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/enterpriseam.com\/egypt\/inside-industry\/\">\r\n                            Read Inside Industry                            \r\n                        <\/a>\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column issue-section\">\r\n                <div class=\"story-section\">\r\n                    <div class=\"issue-story-header text-center\">\r\n                        <div class=\"index-number\">4<\/div>\r\n\r\n                        \r\n                        <h3 class=\"story-title\"><a href=\"https:\/\/enterpriseam.com\/egypt\/inside_industry\/the-rise-of-smart-industrial-parks-in-egypt\/\">  \r\n                            The rise of smart industrial parks in Egypt<\/a>\r\n                        <\/h3>\r\n\r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/inside_industry\/the-rise-of-smart-industrial-parks-in-egypt\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" 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(max-width: 53rem) calc(8 * (100vw \/ 12)), (min-width: 53rem) calc(6 * (100vw \/ 12)), 100vw\" data-attachment-id=\"550940\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/inside_industry\/the-rise-of-smart-industrial-parks-in-egypt\/474-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/5\/474.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"474.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/5\/474.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/5\/474.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                            <\/div>\r\n                        <\/a>\r\n                        \n<article id=\"post-550939\" class=\"content-area-description post-550939 inside_industry type-inside_industry status-publish has-post-thumbnail hentry tag-enterprise-explains tag-enterprisepm tag-industrial-development-group tag-manufacturing tag-polaris-parks tag-unido wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a><strong> ENTERPRISE EXPLAINS-<\/strong> <strong>You\u2019ve heard of smart cities \u2014 now get ready for smart industrial <\/strong><strong>parks:<\/strong> Industrial park developers in Egypt are, slowly but surely, beginning to move towards developing smart industrial parks: Clusters of factories and plants built on principles of sustainability, integration, resource efficiency, and waste reduction \u2014 not unlike <a href=\"https:\/\/enterprise.press\/hardhats\/govt-moving-towards-smart-cities\/\">smart cities<\/a>. But what advantages do smart parks have over regular industrial parks, and do they have the potential to change the manufacturing landscape in Egypt?<\/p>\n<p><strong>Who\u2019s hopping on the smart park bandwagon?<\/strong> <a href=\"https:\/\/www.idg-egypt.com\/\">IDG<\/a>, <a href=\"https:\/\/polarisparks.com\/about\/approach\/\">Polaris Parks<\/a>, and <a href=\"https:\/\/sidc.com.eg\/\">Suez Industrial Development Company (SIDC)<\/a> have all begun introducing smart features to their parks \u2014 whether through infrastructure, supply chain integration, or <a href=\"https:\/\/enterprise.press\/industries\/egypts-manufacturers-lagging-behind-comes-industrial-automation\/\">Industry 4.0<\/a> support for manufacturers.<\/p>\n<p><strong>Smart parks are also starting to appeal to the public sector: <\/strong>The Trade and Industry Ministry signed an <a href=\"http:\/\/www.mti.gov.eg\/English\/MediaCenter\/News\/Pages\/MTI,-UNIDO-sign-project-document-for-development-of-eco-industrial-parks-in-Egypt.aspx\">agreement<\/a> in January with UNIDO to develop two or three industrial parks into eco-industrial \u201cmodels\u201d for other parks in Egypt to emulate, a UNIDO official involved with the project told Enterprise. Support will be offered through a combination of technical assistance and policy advisory. The project, which will cost EUR 1.5 mn to implement and will be financed by the Swiss government, will likely start with the Suez Canal Economic Zone (SCZone) \u2014 home to SIDC \u2014 in its first phase, the source added.<\/p>\n<p><strong>How are smart parks better than their regular counterparts? <\/strong>When it comes to infrastructure, IDG\u2019s <a href=\"https:\/\/www.e2-alamein.com\/\">e2 Alamein<\/a> park uses advanced technologies that can help detect if any issue happens across the park, and identify what it is, without us having to disrupt any operations or break down walls to see where the issue is coming from, Monica Salama, IDG\u2019s marketing and communications director, told Enterprise.<\/p>\n<p><strong>What makes a smart park smart? First of all, infrastructure: <\/strong>A smart industrial park uses ICT to improve every aspect of operations from efficiency, to infrastructure that allows for fast internet speeds and connectivity, Louis Ghali, business development manager at Industrial Development Group (IDG), explained.<\/p>\n<p><strong>\u201cSmart\u201d infrastructure can range from lampposts to flood management systems:<\/strong> Technologies like license plate recognition, security cameras, EV-charging lampposts and fire alert systems also help boost efficiency and prevent unnecessary disruptions for all factories inside the park, Ghali added. Flood management systems \u2014 which employ sensors and timers to ration water usage and prevent leakages \u2014 are another important feature of a smart industrial park, especially because consumption of water tends to be extremely high, Polaris Parks General Manager Bassel Shoirah told us, adding that this was one of the technologies Polaris Parks introduced in the past years, along with features like security cameras and LED lights.<\/p>\n<p><strong>Supply chain integration is another feature of smart parks:<\/strong> A smart park acts like an ecosystem of industries that can collaborate to share \u201cinfrastructure, service and utilities,\u201d and even by-products and waste to help reduce costs and waste generation, according to a <a href=\"https:\/\/ent.news\/2022\/4\/UNIDO_EIP_Achievements_Publication_Final.pdf\">UNIDO report (pdf<\/a>).<\/p>\n<p><strong>Industrial symbiosis + industrial clustering help achieve this:<\/strong> IDG employs two concepts at its East Port Said parks: Industrial clustering and industrial symbiosis, Ghali tells us. Industrial clustering is when different factories and feeder industries that work towards a single product are placed in a cluster to help facilitate the manufacturing process. Industrial symbiosis, on the other hand, means providing one factory\u2019s waste to another factory that can use it as raw material to reduce costs of materials for factories and reduce waste generation.<\/p>\n<p><strong>This also helps reduce industry\u2019s carbon footprint: <\/strong>It\u2019s very important now for industry in Egypt to reduce its carbon footprint, especially when it comes to attracting foreign investments and becoming a net exporter, Ghali explains. The EU\u2019s <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f429474a-9e8c-4b08-9341-cfafda382c95\">planned carbon tax<\/a> \u2014 which could wipe out the value of our \u201ccheap energy\u201d as soon as next year \u2014 will require manufacturers and industrial parks to consider how to increase efficiency and reduce carbon emissions, he adds. Using Industry 4.0 solutions \u2014 which we help facilitate \u2014 and employing data analysis, which we\u2019re also using in our parks, can easily help reduce emissions by ramping up efficiency at factories within months, he adds.<\/p>\n<p><strong>Contrary to popular belief, \u201csmart\u201d and eco-friendly technologies are not always costly. <\/strong>A lot of the technology needed for smart parks are not costly, whether we\u2019re talking about the software or the alert systems, Ghali explained, adding that because the smart park acts as an ecosystem, the costs of maintaining them are shared between the manufacturers.<\/p>\n<p><strong>And for manufacturers, smart parks help save costs:<\/strong> The network of recycling and reuse-generated cost savings for companies of roughly USD 15 mn per year while reducing pollution and waste outputs in the area for one smart park in Thailand, according to a case study from the <a href=\"https:\/\/ent.news\/2022\/4\/Green-Industrial-Parks_Scale-up_Green-Smart-Industrial-Estate-Model-AMATA-Corp-PCL-GGGI.pdf\">Global Green Growth Institute (pdf)<\/a>. Asia is the leading continent when it comes to the shift towards smart industrial parks.<\/p>\n<p><strong>But infrastructure does not come cheap:<\/strong> IDG is investing some EGP 300 mn in digital infrastructure in a period of five years, Ghali added.<\/p>\n<p><strong>Ultimately, smart parks help accelerate the shift towards Industry 4.0: <\/strong>A smart park should act as a platform or enabler for Industry 4.0 technologies, Ghali explained. Industry 4.0 \u2014 or industrial automation \u2014 refers to automated equipment, control systems, and data points that are used and integrated within a factory to boost efficiency and help operate the factory pretty much independently. Need a refresher? You can read our explainer on Industry 4.0 <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e24e8a3a-b8c2-4d6c-bf61-b8e4ddd551db\">here<\/a>.<\/p>\n<hr class=\"grey-line\">\n<p>Your top industrial development stories for the week:<\/p>\n<ul>\n<li><strong>Egypt\u2019s nascent green fuel industry attracts <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/eee36486-1f7c-4403-bb96-7b6160f927d3\">USD 10 bn in investment pledges<\/a><\/strong>, with the SCZone signing six MoUs in the past three months for green ammonia and hydrogen projects in Ain Sokhna. <\/li>\n<li><strong>Canal Sugar Company will build a USD 1 bn sugar beet processing factory in West Minya<\/strong> after obtaining a EGP 12.5 bn <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0ea3d79c-8541-48ce-8a8c-4980215b9a1b\">syndicated loan<\/a> from a consortium led by the National Bank of Egypt.<\/li>\n<li><strong>It\u2019s going to cost a lot more to get a dual-fuel vehicle under the govt\u2019s swap scheme: <\/strong>Companies participating in the government\u2019s natgas vehicle swap program <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c754a0f8-8f24-49ea-8813-675c86ea07ea\">will hike prices<\/a> by 19-45% compared to when the scheme was launched on the back of rising inflation.<\/li>\n<li><strong>German fiberboard maker enters Egypt through JV with Egypt Kuwait Holding: <\/strong>Homann Holzwerkstoffe is <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9f86be6e-dbcb-4daa-b401-9d29a8237274\">acquiring<\/a> a 27% stake in Egypt Kuwait Holding\u2019s subsidiary Global MDF Industries as part of an agreement to launch a new JV.<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" 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<\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column\" style=\"flex-basis:19.8%\"><\/div>\r\n        <\/div>\r\n    <\/div>\r\n<\/div>\n<section id=\"550941\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"calendar\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/15\/550941\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-550941\" class=\"content-area-description single-story post-550941 post type-post status-publish format-standard hentry category-calendar wpautop entry\">\n\n\t\t\t<hr class=\"wp-block-separator has-text-color has-primary-color has-alpha-channel-opacity has-primary-background-color has-background is-style-wide\">\n\n\t\t<h2 class=\"wp-block-heading mt-0 has-primary-color has-text-color has-link-color has-normal-font-size\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\">\n\t\t\t<strong> CALENDAR<\/strong>\n\t\t<\/h2>\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>OUR CALENDAR NOW APPEARS in two sections: <\/strong><\/p>\n<ul>\n<li><strong>Events with specific dates or months <\/strong>are right here up top<\/li>\n<li><strong>Events happening in a quarter or other range of time <\/strong>with no specific date \/ month appear at the bottom of the calendar.<\/li>\n<\/ul>\n<p><strong>MAY<\/strong><\/p>\n<p>13-22 May (Friday-Sunday): <a href=\"https:\/\/psaworldtour.com\/tournaments\/view\/11748\">PSA World Championships<\/a>, Cairo.<\/p>\n<p>Mid-May: The <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0ECwZ4gxDh1BtFhSLpuSQNm8u9sYEbLw5o2eDJ4Y4L7AfCuAe2nMM7VfrR8qBiqnul\">trial period to extend<\/a> the Advance Cargo Information (ACI) system to air freight.<\/p>\n<p>19 May (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p>19 May (Thursday): EFG Hermes\u2019 general shareholders\u2019 meeting to discuss, among several things, a capital increase of EGP 973 mn to finance the distribution of bonus shares to the company\u2019s minority shareholders.<\/p>\n<p>23 May (Monday): Lynx Strategic Business Advisors are hosting a <a href=\"https:\/\/us06web.zoom.us\/webinar\/register\/WN_inx2czHRSL-yHqfPUINunw\">webinar titled \u201cIntroducing Egypt's New E-Receipt System.\u201d<\/a><\/p>\n<p>25 May (Wednesday): The <a href=\"https:\/\/bit.ly\/36oOWst\">deadline for<\/a> private companies to pre-register ahead of bidding for the second phase of the PPP national project to establish and operate 1k language schools.<\/p>\n<p>30-31 May (Monday-Tuesday): <a href=\"https:\/\/www.facebook.com\/Moemigegy\/posts\/pfbid024Z27xPXYWTVC1sjCzbUQ4qKX7bWwAg6oyZmpTEuGod2WG9DP5UVXa3gtfqmaAtZAl\">Egypt Can with Industry<\/a>, Cairo, Egypt.<\/p>\n<p>31 May (Tuesday): Last day for EGX-listed companies to file 1Q2022 earnings<\/p>\n<p>31 May (Tuesday): The <a href=\"https:\/\/itida.gov.eg\/English\/Programs\/Export-IT%20Rebate%20Program%202017\/Pages\/default.aspx\">application deadline<\/a> for ITIDA\u2019s annual Export IT program.<\/p>\n<p>31 May (Tuesday): Extended deadline for EGX-listed companies to disclose 1Q 2021 earnings.<\/p>\n<p>May: Investment in Logistics Conference, Cairo, Egypt.<\/p>\n<p>May: General Authority for Land and Dry Ports to issue the conditions booklet for the tender to establish and operate the Tenth of Ramadan dry port.<\/p>\n<p>May: Egypt <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0tVd7vrVPiU1s4stMEz9YPim2puqtZxge29MGM49x8JBSycpYkwUwAKhAyHpdmdcnl?_rdc=2&_rdr\">to sign contracts for<\/a> second and third high-speed rail lines with Siemens by the end of the month.<\/p>\n<p><strong>JUNE<\/strong><\/p>\n<p>5-7 June (Sunday-Tuesday): <a href=\"https:\/\/www.africahealthexcon.com\/\">Africa Health ExCon<\/a>, Al Manara International Conference Center, Egypt International Exhibitions Center, and the St. Regis Almasa Hotel, New Administrative Capital.<\/p>\n<p>5 June (Sunday): GB Auto is hosting an <a href=\"https:\/\/ent.news\/2022\/5\/GB-Auto-10-05-2022.pdf\">extraordinary general assembly meeting (pdf)<\/a>.<\/p>\n<p>9 June (Thursday): European Central Bank monetary policy meeting.<\/p>\n<p>14-15 June (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/p>\n<p>15-18 June (Wednesday-Saturday): <a href=\"https:\/\/forumspb.com\/en\/\">St. Petersburg International Economic Forum<\/a> (SPIEF), St. Petersburg.<\/p>\n<p>16 June (Thursday): End of 2021-2022 academic year for public schools.<\/p>\n<p>21-22 June (Tuesday-Wednesday): <a href=\"https:\/\/www.facebook.com\/MFAEgypt\/posts\/298129062496947\">Aswan Forum for Sustainable Peace and Development<\/a>, Cairo.<\/p>\n<p>23 June (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p>27 June-3 July (Monday-Sunday): World University Squash Championships, New Giza.<\/p>\n<p>30 June (Thursday): June 30 Revolution Day, national holiday.<\/p>\n<p>30 June (Thursday): Deadline for bids for National Democratic Party HQ redevelopment contract.<\/p>\n<p>June: Egypt will <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/390172846486475\">launch a unified ticketing system<\/a> for all means of transport at the Adly Mansour Interchange Station.<\/p>\n<p>June: Polish President Andrzej Duda will visit Egypt to coordinate ways to ship Ukrainian wheat to Egypt amid the war in Ukraine.<\/p>\n<p><strong>JULY<\/strong><\/p>\n<p>July: A law governing ins. for seasonal contractors will come into effect.<\/p>\n<p>July: Fuel pricing committee meets to decide quarterly fuel prices.<\/p>\n<p>1 July (Friday): FY 2022-2023 begins.<\/p>\n<p>1 July (Friday): Official rollout of e-receipt system begins.<\/p>\n<p>8 July (Friday): Arafat Day.<\/p>\n<p>9-13 July (Saturday-Wednesday): Eid Al Adha, national holiday.<\/p>\n<p>21 July (Thursday): European Central Bank monetary policy meeting.<\/p>\n<p>26-27 July (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/p>\n<p>30 July (Saturday): Islamic New Year.<\/p>\n<p>Late July - 14 August: 2Q2022 earnings season.<\/p>\n<p><strong>AUGUST<\/strong><\/p>\n<p>August: Work to extend the capacity of the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3a67dcca-de16-4313-b330-60fc1a21e6db\">Egypt-Sudan electricity interconnection<\/a> to 600 MW to be completed.<\/p>\n<p>18 August (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p><strong>SEPTEMBER<\/strong><\/p>\n<p>September: Egypt will display its first naval exhibition with the title <a href=\"https:\/\/bit.ly\/3lshDZX\">Naval Power<\/a>.<\/p>\n<p>September: Central Bank of Egypt\u2019s Innovation and Financial Technology Center to launch incubator for 25 fintech startups.<\/p>\n<p>8 September (Thursday): European Central Bank monetary policy meeting.<\/p>\n<p>18 September (Sunday): Deadline for brokerage firms, asset managers and financial advisors <a href=\"https:\/\/alborsaanews.com\/2022\/04\/06\/1527896\">to register<\/a> with the Egyptian Securities Federation.<\/p>\n<p>20-21 September (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/p>\n<p>22 September (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p>26\u201327 September (Monday-Tuesday): The <a href=\"https:\/\/www.awieforum.org\/\">Africa Women Innovation and Entrepreneurship Forum (AWIEF)<\/a> at the Cairo Marriott Hotel.<\/p>\n<p><strong>OCTOBER<\/strong><\/p>\n<p>October: World Bank and IMF annual meetings in Washington, DC<\/p>\n<p>October: Fuel pricing committee meets to decide quarterly fuel prices.<\/p>\n<p>1 October (Saturday): Use of Nafeza <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/381373340699759\">becomes compulsory<\/a> for air freight.<\/p>\n<p>6 October (Thursday): Armed Forces Day, national holiday.<\/p>\n<p>8 October (Saturday): Prophet Muhammad\u2019s birthday, national holiday.<\/p>\n<p>18-20 October(Tuesday-Thursday): Mediterranean Offshore Conference, Alexandria, Egypt.<\/p>\n<p>27 October (Thursday): European Central Bank monetary policy meeting.<\/p>\n<p>Late October - 14 November: 3Q2022 earnings season.<\/p>\n<p><strong>NOVEMBER<\/strong><\/p>\n<p>November: Cairo Water Week 2022.<\/p>\n<p>1-2 November (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/p>\n<p>3 November (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p>4-6 November: The <a href=\"https:\/\/www.autotechegypt.com\/en\/home.html\">Autotech<\/a> auto exhibition kicks off at the Cairo International Exhibition and Convention Center.<\/p>\n<p>7-18 November (Monday-Friday): Egypt will host <a href=\"https:\/\/sdg.iisd.org\/events\/2021-un-climate-change-conference-unfccc-cop-27\/\">COP 27<\/a> in Sharm El Sheikh.<\/p>\n<p>21 November-18 December (Monday-Sunday): 2022 Fifa World Cup, Qatar.<\/p>\n<p>13-14 December (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/p>\n<p>15 December (Thursday): European Central Bank monetary policy meeting.<\/p>\n<p><strong>DECEMBER<\/strong><\/p>\n<p>22 December (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p><strong>JANUARY 2023<\/strong><\/p>\n<p>January EGX-listed companies and non-bank lenders will submit ESG reports for the first time.<\/p>\n<p>January: Fuel pricing committee meets to decide quarterly fuel prices.<\/p>\n<p><strong>EVENTS WITH NO SET DATE <\/strong><\/p>\n<p>1H2022: Target date for IDH to close its acquisition of 50% of Islamabad Diagnostic Center.<\/p>\n<p>1H2022: e-Finance\u2019s digital healthcare service platform, eHealth, will launch its services.<\/p>\n<p>1H2022: The government will respond to private companies\u2019 bids to build desalination plants.<\/p>\n<p>1H2022: Egypt\u2019s second corporate green bond issuance expected to be announced.<\/p>\n<p>14 March-30 June: The \u201cEscape to Egypt\u201d exhibition at the <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02TyfzyKQdaqZmXvT1e3FuyPe3vSpn55zshBzfPbVExM3BR7KTZ3Geb6QVSsHa2S5Nl\">Coptic Museum<\/a>, in celebration of its 112th anniversary.<\/p>\n<p>2Q2022: The Sovereign Fund of Egypt will invest in two companies in the financial inclusion and non-banking financial services sectors.<\/p>\n<p>End of 2Q2022: The Financial Regulatory Authority\u2019s new Ins. Act should be approved.<\/p>\n<p>End of 2Q2022: Door for bidding for the contract to redevelop the site of the former National Democratic Party HQ to close.<\/p>\n<p>End of 1H2022: Emirati industrial company M Glory Holding and the Military Production Ministry will begin the mass production of dual fuel pickup trucks that can run on natural gas.<\/p>\n<p>2H2022: The inauguration of the Grand Egyptian Museum.<\/p>\n<p>2H2022: <a href=\"https:\/\/www.ief.org\/news\/egypt-to-host-8th-ief-igu-ministerial-gas-forum-in-2022\">IEF-IGU Ministerial Gas Forum<\/a>, Egypt. Date + location TBA.<\/p>\n<p>2H2022: The government will have vaccinated 70% of the population.<\/p>\n<p>3Q2022: Ayady\u2019s consumer financing arm, The Egyptian Company for Consumer Finance Services, to release its first financing product.<\/p>\n<p>End of 2022: e-Aswaaq\u2019s tourism platform will complete the roll out of its ticketing and online booking portal across Egypt.<\/p>\n<p>2023: Egypt <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/380561820780911\">will host<\/a> the Asian Infrastructure Investment Bank\u2019s Annual Meeting of the Board of Governors in 2023.<\/p>\n<p><strong>**Note to readers:<\/strong> Some national holidays may appear twice above. Since 2020, Egypt has observed most mid-week holidays on Thursdays regardless of the day on which they fall and may also move those days to Sundays. We distinguish above between the actual holiday and its observance.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":550930,"template":"","categories":[],"tags":[],"class_list":["post-550929","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"f702538d-591b-441c-8a99-bc327ed9af67","teaser":"","photo_url":"https:\/\/ent.news\/2022\/5\/51.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>You\u2019ve heard of smart cities, now get ready for smart industrial parks - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/afternoon\/youve-heard-of-smart-cities-now-get-ready-for-smart-industrial-parks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"You\u2019ve heard of smart cities, now get ready for smart industrial parks\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/afternoon\/youve-heard-of-smart-cities-now-get-ready-for-smart-industrial-parks\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-15T23:12:18+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/5\/51.jpg?fit=%2C&ssl=1\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/youve-heard-of-smart-cities-now-get-ready-for-smart-industrial-parks\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/youve-heard-of-smart-cities-now-get-ready-for-smart-industrial-parks\/\",\"name\":\"You\u2019ve heard of smart cities, now get ready for smart industrial parks - 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