{"id":610415,"date":"2023-11-20T00:00:00","date_gmt":"2023-11-20T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/20\/benya-and-khazna-to-break-ground-on-25-mw-data-center-in-1q-2024-plus-osilan-protech-beltone-capgemini-and-more\/"},"modified":"2023-11-20T00:00:00","modified_gmt":"2023-11-20T00:00:00","slug":"benya-and-khazna-to-break-ground-on-25-mw-data-center-in-1q-2024-plus-osilan-protech-beltone-capgemini-and-more","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/20\/benya-and-khazna-to-break-ground-on-25-mw-data-center-in-1q-2024-plus-osilan-protech-beltone-capgemini-and-more\/","title":{"rendered":"Benya and Khazna to break ground on 25 MW data center in 1Q 2024. Plus: Osilan, Protech, Beltone, Capgemini, and more"},"content":{"rendered":"

We lead this morning with news of still more foreign investment<\/strong>, this time in data centers, a cable factory, and consulting. <\/p>\n

INFRASTRUCTURE- <\/strong><\/p>\n

Benya inks partnership agreement with the UAE\u2019s Khazna to build data center:<\/strong> Egypt\u2019s Benya Group<\/a> signed a partnership agreement with UAE-based Khazna Data Centers<\/a> to push along their plans<\/a> to build a USD 250 mn, 25 MW data center in Maadi Technology Park, according to a statement (pdf)<\/a> yesterday. Construction work on the hyperscale data storage facility will begin in the first quarter of 2024. The announcement was made at Cairo ICT<\/a>, the industry conference.<\/p>\n

ADVISORS-<\/strong>Matouk Bassiouny & Hennawy (pdf)<\/a> was legal advisor to Khazna on the joint venture agreement. <\/p>\n

MANUFACTURING-<\/strong><\/p>\n

A USD 50 mn cable factory:<\/strong> Local tech solutions provider Protech<\/a> and UK-based cable company Osilan<\/a> are looking to set up a USD 50 mn fiber optic cables factory in Egypt, Protech CEO Tamer El Hennawi told Al Mal<\/a>. The plant will be built in East Port Said and will initially produce 20-25 mn meters of cables per year. The company will focus on the local market during the first year of operation before targeting overseas customers in African countries after. The plant is expected to come online in 2024.<\/p>\n

OUTSOURCING-<\/strong><\/p>\n

Capgemini inaugurates <\/strong>Egypt HQ: <\/strong>French multinational IT and consulting firm Capgemini<\/a> yesterday inaugurated its Egypt headquarters in New Cairo, t<\/a>he comp<\/a>any<\/a> and cabinet<\/a> said yesterday. The headquarters houses the company's outsourcing center and serves clients across the Middle East, Europe, and North America. The company wants to add 3k employees<\/a> to its Egyptian workforce by 2026. <\/p>\n

Remember: <\/strong>Capgemini was amongst 29 global outsourcing firms<\/a> to ink agreements<\/a> with the Communications Ministry\u2019s Information Technology Industry Development Agency (ITIDA) last December to expand their footprint in Egypt. Capgemini kicked off operations in the country last September.<\/p>\n

NBFS-<\/strong><\/p>\n

Beltone unit lands mortgage finance license:<\/strong> Beltone Financial Holding subsidiary Beltone Mortgage Finance has received a mortgage finance license from the Financial Regulatory Authority (FRA), the company said in a statement (pdf)<\/a> yesterday. <\/p>\n

M&A WATCH-<\/strong><\/p>\n

Dice founders officially own more than half of the company: <\/strong>The share transfer of a third of EGX-listed Dice Sports and Casual Wear to the company\u2019s founding family was completed yesterday, according to an EGX disclosure<\/a>. Toma Company for Commercial and Industrial Investments last week repurchased 545 mn shares<\/a> \u2014 equal to a 30.5% stake \u2014 for EGP 0.80 per share, raising the family\u2019s total stake to 58.6% in a EGP 436 mn transaction.<\/p>\n

LEGISLATION- <\/strong><\/p>\n

\u2018Provisional\u2019 approval on the new building reconciliation law:<\/strong> The House has provisionally approved the new building violation reconciliation law, which replaces a 2019 law designed to legalize informal buildings, and aims to prevent structures built next to the Nile from being legalized. The bill, which got the greenlight<\/a> from the House Housing Committee last December, will be discussed in parliament today before a final vote goes ahead. <\/p>\n

WASTE MANAGEMENT-<\/strong><\/p>\n

Environment Ministry launches initiative to formalize our waste management<\/strong> industry for the nth time. <\/strong>The new program to provide training, official industry registration, and extend ins. protection for workers of our largely informal waste collection industry was launched in a statement<\/a> yesterday. The first phase of the project will enroll 700 workers from across Cairo, Giza, Dakhalia, Qalyubia, Kafr El Sheikh, Gharbia, and Menoufia who register online for the program. <\/p>\n

GREEN ECONOMY- <\/strong><\/p>\n

#1- Our annual carbon emissions from transport cut by 1.1 mn tons:<\/strong> Projects implemented under the government\u2019s Nexus for Food, Water and Energy (NFWE) initiative launched last year have cut the transport sector\u2019s annual carbon emissions by around 1.1 mn tons annually, according to Transport Minister Kamel El Wazir, speaking at the NWFE\u2019s first annual stocktake yesterday, Hapi Journal<\/a> wrote. Wazir described the transport as having the second highest impact on the environment.<\/p>\n

#2- We\u2019ve got plenty of capital lined up for our planned NFWE water projects:<\/strong>Water projects under the NFWE initiative attracted some USD 2.3 bn in funds, surpassing the initial target of USD 1.6 bn, according to Al Shorouk<\/a>, citing the African Development Bank\u2019s director Mohamed El Azizi. The funds will be funneled into renewables-powered seawater desalination projects and initiatives to provide irrigation using solar energy. <\/p>\n","protected":false},"excerpt":{"rendered":"

The project cost comes in at a total of USD 250 mn<\/p>\n","protected":false},"author":1,"featured_media":610416,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[111,812,6408,7286,130,901,7133,72,7111,125,1459,180,7128,131,595,2053,11795,338,639,207,452],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-610415","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-also-on-our-radar","tag-beltone-financial","tag-capgemini","tag-climate","tag-construction","tag-data","tag-dice-sports-and-casual-wear","tag-enterpriseam","tag-infrastructure","tag-investment-watch","tag-khazna","tag-legislation","tag-ma-watch","tag-manufacturing","tag-non-banking-financial-services","tag-outsourcing","tag-protech","tag-retail","tag-technology","tag-transport","tag-waste-management","wpautop","entry"],"acf":{"mongo_id":"64bba9b2-93c7-4540-8d14-e9de6408d9ff","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/11\/1031.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Benya and Khazna to break ground on Egyptian 25 MW data center in 1Q 2024. 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The agreements cover key sectors including energy, tech, food, and pharma and were signed during a meeting of Egyptian and\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/6\/268.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":660020,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/05\/local-fintech-player-khazna-raises-usd-16-mn-in-latest-round\/","url_meta":{"origin":610415,"position":3},"title":"Local fintech player Khazna raises USD 16 mn in latest round","author":"enterpriseam admin","date":"5 February 2025","format":false,"excerpt":"The company will use the fresh funds to continue its growth journey","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/2\/381.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":566368,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/15\/khazna-masria-digital-payments-adib-partner-to-launch-salary-advance-card\/","url_meta":{"origin":610415,"position":4},"title":"Khazna, Masria Digital Payments, ADIB partner to launch salary advance card","author":"enterpriseam admin","date":"15 June 2021","format":false,"excerpt":"Underbanked employees and gig workers will be able to instantly access their wages in advance through \u201cKhazna Card,\u201d a Meeza prepaid card launched under a partnership between fintech startup Khazna, banking partner Abu Dhabi Islamic Bank (ADIB) and Masria Digital Payments in a bid to extend Khazna\u2019s financial services to\u2026","rel":"","context":"In "SPEED ROUND: DIGITAL PAYMENTS"","block_context":{"text":"SPEED ROUND: DIGITAL PAYMENTS","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-digital-payments\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/493.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546538,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/19\/benya-group-to-set-up-saudi-arm-by-end-of-2022\/","url_meta":{"origin":610415,"position":5},"title":"Benya Group to set up Saudi arm by end of 2022","author":"enterpriseam admin","date":"19 May 2022","format":false,"excerpt":"Benya eyes Saudi expansion by end of 2022: IT infrastructure contractor BenyaGroup plans to set up an investment arm in Saudi Arabia by the end of the year, a company representative told Enterprise. 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