{"id":613148,"date":"2024-01-09T00:00:00","date_gmt":"2024-01-09T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/09\/egypt-looks-to-export-additional-1-mn-workers-in-competitive-sectors-by-2030-plus-paymob-x-tamara-gasc-tender-spegyco\/"},"modified":"2024-01-09T00:00:00","modified_gmt":"2024-01-09T00:00:00","slug":"egypt-looks-to-export-additional-1-mn-workers-in-competitive-sectors-by-2030-plus-paymob-x-tamara-gasc-tender-spegyco","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/09\/egypt-looks-to-export-additional-1-mn-workers-in-competitive-sectors-by-2030-plus-paymob-x-tamara-gasc-tender-spegyco\/","title":{"rendered":"Egypt looks to export additional 1 mn workers in competitive sectors by 2030. PLUS: Paymob x Tamara, GASC tender, Spegyco"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">EMPLOYMENT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The Madbouly government wants to facilitate Egyptians\u2019 access to jobs abroad:<\/strong> The government wants to help 1 mn Egyptians access labor markets in developed countries by 2030 by ensuring they receive the needed certificates, with a focus on AI, IT, nursing, and biotechnology, according to the Cabinet Information and Decision Support Center\u2019s Strategic Economic Directions <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/1\/316.pdf\" style=\"\" rel=\"noopener\">report (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The why: <\/strong>The government wants to raise remittances from Egyptians abroad by 10% each year to reach <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/63475988-4cb4-4a7f-8124-9a9bc5677029\" style=\"\" rel=\"noopener\">USD 53 bn<\/a> by 2030.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">FINTECH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Paymob x Tamara: <\/strong>Khaleeji merchants and customers using <a target=\"_blank\" href=\"https:\/\/paymob.com\/\" style=\"\" rel=\"noopener\">Paymob<\/a> will now have access to PIF-backed payments platform <a target=\"_blank\" href=\"https:\/\/tamara.co\/\" style=\"\" rel=\"noopener\">Tamara\u2019s<\/a> buy now, pay later (BNPL) service, after the Egyptian fintech startup teamed up with Saudi Arabia\u2019s first fintech unicorn startup, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/1\/511.pdf\" style=\"\" rel=\"noopener\">a joint statement (pdf)<\/a>. The new services will be offered to customers in the GCC region \u2014 starting with the KSA and UAE \u2014 with a focus on small- and medium-sized enterprises (SMEs).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">COMMODITIES- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Gov\u2019t weighing offers for sugar tender: <\/strong>State buyer GASC is considering offerssubmitted for its tender to purchase 50k tonnes of sugar that closed on Saturday, <a target=\"_blank\" href=\"https:\/\/www.nasdaq.com\/articles\/egypt-receives-offers-in-sugar-tender-traders\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Monday. The lowest price offered for raw sugar reached USD 530 a ton, 6% above the USD 500 GASC was looking to pay, the newswire reported, citing traders. The lowest offers for white sugar reportedly came in at USD 699 a ton, 15% above GASC\u2019s USD 600 a ton target.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">M&A-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Spegyco may be getting some new owners:<\/strong> The Saad El Din Group is currently studying acquisition offers from four unnamed foreign companies for its Spanish Egyptian Cement factory (Spegyco), with two Gulf firms in the mix, CEO Mohamed Saad El Din told <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2024\/01\/08\/1754190\" style=\"\" rel=\"noopener\">Al Borsa<\/a>. El Din did not provide any further details of the firms interested in acquiring Spegyco or the value or size of the investment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With a focus on AI, IT, nursing, and biotech<\/p>\n","protected":false},"author":1,"featured_media":613149,"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":[7209],"tags":[111,317,928,72,183,550,7128,1370,123],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-613148","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-commodities","tag-employment","tag-enterpriseam","tag-fintech","tag-gasc","tag-ma-watch","tag-paymob","tag-startups","wpautop","entry"],"acf":{"mongo_id":"f38df1dd-a9e4-4ccb-8955-6dc261f41515","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/1\/514.jpeg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt looks to export additional 1 mn workers in competitive sectors by 2030. PLUS: Paymob x Tamara, GASC tender, Spegyco","related_issue":[613129],"teaser":"With a focus on AI, IT, nursing, and biotech","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.c80b45e5-3e3c-460a-9887-e577526498a5.mp3"},"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>Egypt looks to export additional 1 mn workers in competitive sectors by 2030. 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The tender was due for shipment between 23 November and 3 December. This is the fourth time Egypt has called off a tender in recent months, with average wheat prices jumping\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":546315,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/11\/giz-egypt-to-support-waste-management-strategy-with-eur-6-mn-in-funding\/","url_meta":{"origin":613148,"position":3},"title":"GIZ Egypt to support waste management strategy with EUR 6 mn in funding","author":"enterpriseam admin","date":"11 May 2022","format":false,"excerpt":"Other things we\u2019re keeping an eye on this morning: Matouk Bassiouny & Hennawy acted as the Egyptian legal counsel to Kora Capital on its participation in Paymob\u2019s USD 50 mn series B round. (Statement, pdf)The Environment Ministry is getting EUR 6 mn from GIZ Egypt to support the new national\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":582743,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/16\/egypt-could-welcome-a-record-15-mn-tourists-this-year-eissa-plus-more-wheat-social-protection-measures\/","url_meta":{"origin":613148,"position":4},"title":"Egypt could welcome a record 15 mn tourists this year -Eissa. PLUS: More wheat, social protection measures","author":"enterpriseam admin","date":"16 March 2023","format":false,"excerpt":"Some 11.7 mn tourists visited Egypt last year","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/Egypt-beach-tourism-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":613616,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/17\/heidelberg-materials-commences-waste-heat-recovery-system-plus-paymob-to-launch-in-oman\/","url_meta":{"origin":613148,"position":5},"title":"Heidelberg Materials commences waste heat recovery system. PLUS: Paymob to launch in Oman","author":"enterpriseam admin","date":"17 January 2024","format":false,"excerpt":"INDUSTRY- Heidelberg Materials installs waste heat recovery system at Helwan plant: Germancement manufacturer Heidelberg Materials has set up a waste heat recovery system at its factory in Helwan with a USD 30 mn investment, the German Embassy said in a statement on social media. 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