{"id":603577,"date":"2023-08-16T00:00:00","date_gmt":"2023-08-16T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/16\/new-industrial-land-plots-available-today\/"},"modified":"2023-08-16T00:00:00","modified_gmt":"2023-08-16T00:00:00","slug":"new-industrial-land-plots-available-today","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/16\/new-industrial-land-plots-available-today\/","title":{"rendered":"New industrial land plots available today"},"content":{"rendered":"

Good morning, wonderful people. <\/strong>Earnings season once again dominates the business headlines. Corporate results are standing up reasonably well to inflationary pressure, rising financing costs, and the nationwide shortage of FX. As you\u2019d expect, manufacturers and folks with significant exposure to imports (whether finished goods or production inputs) are having a tougher time of it. Would that we could all be in the food \/ beverage \/ restaurant industries, which continue to boom\u2026<\/p>\n

We also have news this morning on Actis\u2019 bid for the Gabal El Zeit wind farm <\/strong>and welcome a new mission director to USAID Egypt (details on the latter in this morning\u2019s Moves section, below).<\/p>\n

PSA #1- We will not be in your inboxes tomorrow. <\/strong>We take occasional publication holidays throughout the year during quiet seasons when we need a bit of time to tool up, do some training, or gear-up to do something new. We\u2019re doing all three tomorrow, and that means EnterpriseAM, Enterprise Climate, Enterprise Logistics and EnterprisePM will all be off. We\u2019ll be back to our normal publication schedule on Friday with Enterprise Weekend. <\/strong><\/p>\n

<\/a> PSA #2- Have questions about settling your outstanding military service? <\/strong>The Foreign Ministry yesterday urged Egyptian men to settle outstanding military service<\/a> in FX and provided a WhatsApp number (+20 12 7563 8989) and email (info@tagneedinit.gov.eg<\/a>) for enquiries. More details here<\/a>. <\/p>\n

Remember: <\/strong> As part of its bid to attract FX into the country, the government this week began inviting Egyptians living abroad to pay USD 5k \/ EUR 5k to settle outstanding military service. Applicants will need to deposit the money into a Banque Misr account at the bank\u2019s Abu Dhabi branch. The deadline for applications is 13 September.<\/p>\n

HAPPENING TODAY- <\/strong><\/p>\n

<\/a>New industrial land plots available: <\/strong>Investors will be able to submit orders to purchase industrial land from Wednesday, 16 August, through Wednesday, 27 September, under a new phase of the Industrial Development Authority\u2019s (IDA) investment map, according to the authority's website<\/a>. Some 1.7 mn sqm of land across 14 governorates will be offered to industrial investors through the IDA\u2019s website.<\/p>\n

CORRECTION- A previous version of this story suggested that the IDA would offer industrial land plots in an auction. The story was updated on 16 August, 2023 to reflect that the land will be sold directly online. <\/i><\/p>\n

<\/a> Export subsidy payouts begin: <\/strong> The Finance Ministry will pay out a third batch of<\/a> export subsidies<\/a> under the sixth of the program today and tomorrow. The ministry has so far paid out EGP 8 bn to over 800 companies during the current phase.<\/p>\n

<\/a> On the National Dialogue\u2019s agenda today: <\/strong>Today's closed-door meeting will review recommendations on the role of the state in developing industrial zones and improving the country's tourism infrastructure.<\/p>\n

Almost 70% of the National Dialogue\u2019s work is done: <\/strong>Thirteen out of the 19 committees of the dialogue are scheduled for meetings today to wrap up their recommendations for political, economic, and social policies that will be presented to President Abdel Fattah El Sisi, said Diaa Raswhan, the dialogue\u2019s general coordinator. <\/p>\n

How many will be implemented? <\/strong>The president said last month that he will implement all the recommendations provided he is able to do so under the constitution. Some will be sent to the government and the House of Representatives for approval.<\/p>\n

NEXT WEEK- <\/strong><\/p>\n

It\u2019s the final of the Women\u2019s World Cup: <\/strong> Spain became the first team to make it through to Sunday\u2019s final in Sydney with a 2-1 victory over Sweden. Hosts Australia will play England today at 2pm CLT in the other semi-final.<\/p>\n

THE BIG STORY ABROAD- <\/strong><\/p>\n

The Trump show goes on: <\/strong>The spotlight on Trump\u2019s legal quagmire continues to dominate attention this morning after the former US president and 18 associates were hit with RICO charges by a Georgia grand jury alleging a criminal conspiracy to overturn the results of the 2020 election. (Associated Press<\/a> | Reuters<\/a> | Financial Times<\/a> | Wall Street Journal<\/a> | Washington Post<\/a> | New York Times<\/a>)<\/p>\n

FYI- The world\u2019s first-ever <\/strong>green methanol-powered container ship<\/a><\/strong> berthed in East Port <\/strong> Said Port on Monday<\/strong>, according to the Suez Canal Economic Zone<\/a>. The vessel\u2019s maiden journey began with Asia and passed the Suez Canal on its way to Europe. The ship is being fuelled by our friends at OCI Global and will bunker this weekend.<\/p>\n

<\/p>\n

MORNING MISCELLANY- <\/strong><\/p>\n

San Francisco is <\/strong>officially rolling out robotaxis<\/a><\/strong>, and it's not quite going to plan \u2014 in ways<\/a> you might expect<\/a>, and others you might not<\/a>.<\/p>\n

Music to make you think: <\/strong> Scientists have used neural activity<\/a> to recreate Pink Floyd\u2019s Another Brick in the Wall. It\u2019s not exactly the best cover we\u2019ve heard, but it\u2019s certainly better than Korn.<\/p>\n

<\/p>\n

CIRCLE YOUR CALENDAR- <\/strong><\/p>\n

The Enterprise Finance Forum is taking place on 18-19 <\/strong> September at the St. Regis Hotel in Cairo. <\/strong> This flagship forum is the latest in our must-attend series of invitation-only, C-suite-level gatherings that allow senior members of our community to openly and frankly discuss critical issues in key sectors of the economy. <\/p>\n

TAP OR CLICK HERE<\/a><\/strong> if you want to express interest in attending. We\u2019ll be sending out the first batch of invitations soon. <\/p>\n

Do you want to become a commercial partner? <\/strong> Ping a note to Moustafa Taalab, our head of commercial<\/a>.<\/p>\n

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The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n

Subscribe here<\/a>\n <\/div>\n<\/p><\/div>\n<\/div>\n

LISTEN TO OUR PODCAST- <\/strong><\/p>\n

MISSED OUR PREVIOUS FORUMS? <\/strong>The Enterprise<\/a><\/strong>Podcast has you covered<\/a><\/strong> : <\/strong> The Enterprise Podcast\u2019s forum series has been bringing you audio recordings of what was said on stage at the Enterprise Exports and FDI Forum and Enterprise Climate Forum. <\/p>\n

WANT TO LISTEN? Head to: <\/strong>Apple Podcast<\/a> | Spotify<\/a> | Google Podcast<\/a> | Anghami<\/a>.<\/p>\n

IN THIS WEEK\u2019S EPISODE- It\u2019s the very first panel of the Enterprise Climate Forum: <\/strong> Egypt brought home major victories from COP27, signing framework agreements for about USD 85 bn worth of green hydrogen projects, and announcing more than USD 10 bn in funding for the Nexus for Food, Water and Energy (NWFE) program. While we have a long way to go before much of the wins from COP27 will be tangible to the private sector, the opportunities in green hydrogen and NWFE are \u201cnow.\u201d Our panelists helped explain how these two can be made actionable. We were joined by Jorgo Chatzimarkakis, <\/strong> CEO of Hydrogen Europe, Khalid Hamza, <\/strong> Director and head of Egypt at the European Bank for Reconstruction and Development, and Khaled Naguib, <\/strong> CEO of Hydrogen Egypt.<\/p>\n

<\/p>\n

*** It\u2019s Hardhat day \u2014 your weekly briefing of all things infrastructure in Egypt: <\/strong> Enterprise\u2019s industry vertical focuses each Wednesday on infrastructure, covering everything from energy, water, transportation, and urban development, as well as social infrastructure such as health and education. <\/p>\n

In today\u2019s issue: <\/strong>What could a real estate asset bourse do to prop up Egypt\u2019s real estate industry?<\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning, wonderful people. Earnings season once again dominates the business headlines. Corporate results are standing up reasonably well to inflationary pressure, rising financing costs, and the nationwide shortage of FX. As you\u2019d expect, manufacturers and folks with significant exposure to imports (whether finished goods or production inputs) are having a tougher time of it. 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It\u2019s a brisk news morning here in Egypt even if things are a bit sleepy abroad, so let\u2019s jump right in:WHAT\u2019S HAPPENING TODAY-Greek PM Kyriakos Mitsotakis is in Cairo today for talks with President Abdel\u2026","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":563473,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/this-morning-big-opec-meeting-today-shoukry-in-ny-ahead-of-gerd-meeting-china-dunks-on-didi\/","url_meta":{"origin":603577,"position":1},"title":"THIS MORNING: Big OPEC+ meeting today; Shoukry in NY ahead of GERD meeting; China dunks on Didi.","author":"enterpriseam admin","date":"5 July 2021","format":false,"excerpt":"Good morning, friends \u2014 We open today\u2019s issue with good news: Wednesday is looking like the last time we will have to utter the words \u2019Ever Given\u2019 after the Suez Canal Authority said yesterday it will finally unshackle the container ship this week following an agreement with its owners. Though\u2026","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":578263,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/21\/this-morning-another-year-with-no-state-funded-hajj-trips-sbf-extradition-today\/","url_meta":{"origin":603577,"position":2},"title":"THIS MORNING: Another year with no state-funded Hajj trips + SBF extradition today","author":"enterpriseam admin","date":"21 December 2022","format":false,"excerpt":"Good morning ladies and gents. There may be only seven working days remaining of the year but 2022 shows no signs of wanting to take a time out. Here in Egypt we have a crucial central bank policy meeting tomorrow and \u2014 as the IMF\u2019s Egypt mission chief reminds us\u2026","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/445.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":563402,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/30\/this-morning-final-imf-tranche-lands-in-egypt-corporate-green-bond-sign-off-today-cairo-book-fair-opens-today-tigray-forces-vow-to-fight-on\/","url_meta":{"origin":603577,"position":3},"title":"THIS MORNING: Final IMF tranche lands in Egypt; Corporate green-bond sign-off today? Cairo Book Fair opens today; Tigray forces vow to fight on.","author":"enterpriseam admin","date":"30 June 2021","format":false,"excerpt":"Good morning, wonderful people, and welcome to our final issue of the week as we all prepare for a three-day weekend and the unofficial start of Sahel season. Egypt is closed tomorrow through Saturday. Thursday, 1 July, is a national holiday in observance of the 30 June Revolution. Banks and\u2026","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":548876,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/25\/this-morning-abdallas-first-week-as-cbe-governor-egypts-second-regional-climate-roundtable-takes-place-today\/","url_meta":{"origin":603577,"position":4},"title":"THIS MORNING: Abdalla's first week as CBE governor + Egypt's second regional climate roundtable takes place today","author":"enterpriseam admin","date":"25 August 2022","format":false,"excerpt":"Good morning, friends, and happy FRIDAY to you all. The banking sector and our ongoing FX crunch are the big story here at home as we prepare to slide into one of the final weekends of summer. Central Bank of Egypt Governor Hassan Abdalla closed out his first full week\u2026","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":548625,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/16\/this-morning-cbe-odds-on-to-hike-rates-this-thursday-kenya-has-a-new-president\/","url_meta":{"origin":603577,"position":5},"title":"THIS MORNING: CBE odds-on to hike rates this Thursday + Kenya has a new president","author":"enterpriseam admin","date":"16 August 2022","format":false,"excerpt":"Good morning, friends, and welcome to a big news morning. There\u2019s plenty of good news today, including the first tentative sign of renewed foreign appetite for Egyptian debt and another boost to our regional energy hub ambitions (from The Company Formerly Known As Delek and a compatriot).Also notable: Six of\u2026","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/603577","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=603577"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/603577\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/603575"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/603578"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=603577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=603577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=603577"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=603577"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=603577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}