{"id":606289,"date":"2023-09-13T00:00:00","date_gmt":"2023-09-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/13\/this-evening-govt-looking-at-usd-2-bn-golden-triangle-industrial-zone-with-private-sector-players\/"},"modified":"2023-09-13T00:00:00","modified_gmt":"2023-09-13T00:00:00","slug":"this-evening-govt-looking-at-usd-2-bn-golden-triangle-industrial-zone-with-private-sector-players","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/13\/this-evening-govt-looking-at-usd-2-bn-golden-triangle-industrial-zone-with-private-sector-players\/","title":{"rendered":"THIS EVENING: Gov\u2019t looking at USD 2 bn Golden Triangle industrial zone with private sector players?"},"content":{"rendered":"

Good afternoon, wonderful people, and happy almost-THURSDAY. <\/strong> We have a pleasantly brisk but balanced news day so far as the slide towards the weekend gathers steam. <\/p>\n

THE BIG STORY TODAY <\/strong><\/p>\n

New Golden Triangle industrial zone? <\/strong> The General Authority for Freezones and Investment (GAFI) is reportedly in talks with a handful of private sector companies to set up a USD 2 bn industrial zone in the Eastern Desert\u2019s Golden Triangle, Asharq Business<\/a> reports, citing three government sources it says have knowledge of the matter. The zone would bring together mining, agriculture, trade, and tourism-related activities, the sources are quoted as saying.<\/p>\n

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WE HAVE JUST FIVE DAYS TO GO until we see some of you at the Enterprise Finance <\/strong> Forum, <\/strong> which takes place 18-19 September <\/strong>(Monday and Tuesday) at the St. Regis Hotel on the Nile Corniche. This flagship forum is the latest in our must-attend series of invitation-only events, where CEOs, bankers, investors, founders, and corporate leaders will meet to discuss the trends shaping the future of banking, finance, NBFIs, and fintech \u2014 and of their clients.<\/p>\n

What to expect: <\/strong> Join Todd Wilcox <\/strong> (CEO and deputy chair, HSBC Egypt) , Akef El Maghraby <\/strong>(vice chairman, Banque Misr), Tarek El Nahas <\/strong> (group head of international banking, Mashreq), Hazem Hegazy <\/strong>(CEO and vice chairman, Al Baraka Bank), Fadi Abi-Nader <\/strong> (VP \u2014 One Demand, Global Emerging Markets, Mars-Wrigley), Bahaa Alieldean <\/strong> (senior and managing partner, ALC Alieldean Weshahi & Partners) and many others for talks on everything from what\u2019s driving transformation in the banking and finance sector to how a can bank can transact in uncertain times. <\/p>\n

Tap or click here to view the FULL AGENDA with SPEAKERS.<\/a><\/strong><\/a><\/strong><\/p>\n

There will be plenty of parking available at the venue <\/strong> for all those attending. <\/p>\n

** We are honored to count some of the region\u2019s most important financial institutions as <\/strong><\/p>\n

our partners for this special event. <\/strong>The Enterprise Finance Forum could not take place without the support of our partners including Banque Misr, Al Baraka Bank, FAB Misr, HSBC, Mashreq, Banque du Caire, CI Capital, Global Corp, Visa, Hassan Allam Utilities, the IFC, and Post for Investment. <\/p>\n

<\/a> <\/p>\n

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

The EU\u2019s anti-subsidy probe into electrical vehicles coming from China is (broadly) leading <\/strong> the conversation <\/strong>in the international business press this afternoon, after European Commission President Ursula von der Leyen said the international market is \u201cflooded with cheaper Chinese electric cars\u201d which in turn undermines the European EV market. The Chinese manufacturers are able to charge less for their vehicles as Beijing is absorbing a majority of the costs through state-provided subsidies. (Financial Times<\/a> | CNBC<\/a> | Reuters<\/a>) <\/p>\n

Meanwhile in Russia, Kim Jong Un and Vladimir Putin\u2019s meeting continues <\/strong> as the North Korean leader met his counterpart in the Vostochny Cosmodrome. The rest of the world remains uneasy as their warming friendship suggests that Kim may provide military apparatus to aid Russia in its conflict with Ukraine. (Wall Street Journal<\/a> | Financial Times<\/a> | Reuters<\/a>) <\/p>\n

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** CATCH UP QUICK <\/strong> on the top stories from today\u2019s EnterpriseAM<\/strong>:<\/p>\n