{"id":619480,"date":"2024-05-02T00:00:00","date_gmt":"2024-05-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/02\/xinxing-has-another-usd-250-mn-worth-of-investments-in-the-pipeline-for-egypt-plus-locally-made-e-bikes-mm-group-saudi-expansion-madinet-masr-launches-sarai-project-cib-eyes-green-on-lending-fund\/"},"modified":"2024-05-02T00:00:00","modified_gmt":"2024-05-02T00:00:00","slug":"xinxing-has-another-usd-250-mn-worth-of-investments-in-the-pipeline-for-egypt-plus-locally-made-e-bikes-mm-group-saudi-expansion-madinet-masr-launches-sarai-project-cib-eyes-green-on-lending-fund","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/02\/xinxing-has-another-usd-250-mn-worth-of-investments-in-the-pipeline-for-egypt-plus-locally-made-e-bikes-mm-group-saudi-expansion-madinet-masr-launches-sarai-project-cib-eyes-green-on-lending-fund\/","title":{"rendered":"Xinxing has another USD 250 mn worth of investments in the pipeline for Egypt. PLUS: Locally made e-bikes, MM Group Saudi expansion, Madinet Masr launches Sarai project, CIB eyes green on-lending funds, Farahy looks to GCC investors"},"content":{"rendered":"<p class=\"tag-border-left\">MANUFACTURING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>#1- More Xinxing factories in TEDA: <\/strong>China\u2019s state-owned <a target=\"_blank\" href=\"https:\/\/www.xinxing-pipes.com\/en\/\" style=\"\" rel=\"noopener\">Xinxing Ductile Iron Pipes Company<\/a> is planning to follow up their recently under construction iron pipes factory in the TEDA industrial park with USD 250 mn of future investments in the park, the chairman of the country\u2019s Egypt operations told Asharq Business in an interview (<a target=\"_blank\" href=\"https:\/\/twitter.com\/AsharqbEGY\/status\/1785659108596535669\" style=\"\" rel=\"noopener\">watch, runtime: 1:05<\/a>). The future investments will include building a grating factory and a foundry as part of the company\u2019s second phase of investments.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember:<\/strong> The SCZone said Tuesday that Xinxing had begun construction on <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d37e6527-1e8b-450d-a371-68e38a2907c9\/\" style=\"\" rel=\"noopener\">a USD 146<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d37e6527-1e8b-450d-a371-68e38a2907c9\/\" style=\"\" rel=\"noopener\">mn ductile iron pipe factory<\/a> in the TEDA industrial park. The plant will produce 250k tonnes of cast iron pipes per year with an annual production value of USD 1.2 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- More e-bikes to hit Egyptian streets: <\/strong>Smart electric bike manufacturer <a target=\"_blank\" href=\"https:\/\/egike.com\/\" style=\"\" rel=\"noopener\">EGIKE<\/a> wants to set up an integrated factory producing electric bicycles, founder and CEO Montaser El Attar told <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2024\/05\/01\/1787812\" style=\"\" rel=\"noopener\">Al Borsa<\/a>. The factory will be the first of its kind in the Middle East and Africa. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fresh funds incoming: <\/strong>The company is currently in negotiations to close a USD 500k financing round.<\/p>\n<p class=\"tag-border-left\">RETAIL-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MM Group eyes Saudi launch in 2H 2024: <\/strong>EGX-listed MM Group for Industry and International Trade (MTI) is planning to enter the Saudi market in 2H 2024, an anonymous MTI employee told <a target=\"_blank\" href=\"https:\/\/www.asharqbusiness.com\/article\/63228\/%D8%A5%D9%85%D8%AA%D9%8A-%D8%A2%D9%8A-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A%D8%A9-%D8%AA%D8%B3%D8%AA%D9%87%D8%AF%D9%81-%D8%AF%D8%AE%D9%88%D9%84-%D8%A7%D9%84%D8%B3%D9%88%D9%82-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D9%81%D9%8A-%D8%A7%D9%84%D9%86%D8%B5%D9%81-%D8%A7%D9%84%D8%AB%D8%A7%D9%86%D9%8A\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a>. MTI will sell electronic and home appliances through its <a target=\"_blank\" href=\"https:\/\/mti-mmgroup.com\/egypt-based-mm-group-to-launch-business-in-saudi-arabia\/\" style=\"\" rel=\"noopener\">Saudi venture company<\/a>. MTI is also looking to grow its non-banking financial activities in the Kingdom in the future with an eye on also expanding into the Emirati market, the source added. <\/p>\n<p class=\"tag-border-left\">REAL ESTATE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Madinet Masr kicks off new Sarai development project:<\/strong> Real estate developer Madinet Masr has launched its Sheya project at its Sarai development in New Cairo, it said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/5\/53.pdf\" style=\"\" rel=\"noopener\">press release (pdf<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/5\/53.pdf\" style=\"\" rel=\"noopener\">)<\/a>. Sheya, which will be fully complete within four years, will encompass residential units, villas, apartments, studios, and duplexes, in addition to recreational facilities.<\/p>\n<p class=\"tag-border-left\">DEBT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CIB seeks more EBRD funds for green on-lending: <\/strong>CIB wants to borrow USD 50 mn from the European Bank for Reconstruction and Development for on-lending to local green projects, writes <a target=\"_blank\" href=\"https:\/\/www.asharqbusiness.com\/amp\/article\/63230\" style=\"\" rel=\"noopener\">Asharq Business<\/a>, citing an anonymous source close to the matter. CIB, which received <a target=\"_blank\" href=\"https:\/\/www.cibeg.com\/en\/newsroom\/news\/cib-secures-a-usd-150-m-subordinated-loan-from-ebrd\" style=\"\" rel=\"noopener\">USD 150 mn from EBRD<\/a> at the end of 2023, is looking to secure the new funding in 2H 2024, the source added. <\/p>\n<p class=\"tag-border-left\">STARTUPS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Farahy wants to raise funds for Saudi expansion:<\/strong> Local wedding and events services startup <a target=\"_blank\" href=\"https:\/\/farahy.net\/\" style=\"\" rel=\"noopener\">Farahy<\/a> will target Egyptian and Gulf investment funds during its first funding round that will support the platform\u2019s Saudi expansion, founder and CEO Nadine Farrag told <a target=\"_blank\" href=\"https:\/\/almalnews.com\/%d9%85%d9%86%d8%b5%d8%a9-%d9%81%d8%b1%d8%ad%d9%8a-%d8%aa%d8%aa%d9%81%d8%a7%d9%88%d8%b6-%d9%85%d8%b9-%d8%b5%d9%86%d8%a7%d8%af%d9%8a%d9%82-%d8%a7%d8%b3%d8%aa%d8%ab%d9%85%d8%a7%d8%b1-%d9%85\/\" style=\"\" rel=\"noopener\">Al Mal<\/a>. The startup was a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/aec63fea-a821-409e-bb7f-90c1089ce821\/ten-egypt-based-tech-startups-clinch-awards-from-value-makers-studio\" style=\"\" rel=\"noopener\">recent winner<\/a> of the Value Makers Studio Bridge program, designed to give seed and pre-series A startups exposure to the Saudi market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Chinese state-owned company just broke ground on a USD 146 mn ductile pipe factory<\/p>\n","protected":false},"author":1,"featured_media":619481,"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":[111,576,240,72,7405,7203,131,1851,378,83,338,123,7406,666],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-619480","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-banque-misr","tag-cib","tag-enterpriseam","tag-european-bank-of-reconstruction-and-development","tag-madinet-masr","tag-manufacturing","tag-mm-group","tag-national-telecom-regulatory-authority","tag-real-estate","tag-retail","tag-startups","tag-teda-industrial-zone","tag-visa","wpautop","entry"],"acf":{"mongo_id":"85a40cdf-d96d-4e9b-af3e-9a3f1cacabb7","order":"14","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/1\/2102.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Xinxing has another USD 250 mn worth of investments in the pipeline for Egypt. PLUS: Locally made e-bikes, MM Group Saudi expansion, Madinet Masr launches Sarai project, CIB eyes green on-lending funds, Farahy looks to GCC investors","related_issue":[619456],"teaser":"The Chinese state-owned company just broke ground on a USD 146 mn ductile pipe factory","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/5\/.c3707290-4dcb-45e4-81e7-804cb5e3bf78.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>Xinxing has another USD 250 mn worth of investments in the pipeline for Egypt. PLUS: Locally made e-bikes, MM Group Saudi expansion, Madinet Masr launches Sarai project, CIB eyes green on-lending funds, Farahy looks to GCC investors - 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\/2024\/05\/02\/xinxing-has-another-usd-250-mn-worth-of-investments-in-the-pipeline-for-egypt-plus-locally-made-e-bikes-mm-group-saudi-expansion-madinet-masr-launches-sarai-project-cib-eyes-green-on-lending-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Xinxing has another USD 250 mn worth of investments in the pipeline for Egypt. PLUS: Locally made e-bikes, MM Group Saudi expansion, Madinet Masr launches Sarai project, CIB eyes green on-lending funds, Farahy looks to GCC investors\" \/>\n<meta property=\"og:description\" content=\"The Chinese state-owned company just broke ground on a USD 146 mn ductile pipe factory\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2024\/05\/02\/xinxing-has-another-usd-250-mn-worth-of-investments-in-the-pipeline-for-egypt-plus-locally-made-e-bikes-mm-group-saudi-expansion-madinet-masr-launches-sarai-project-cib-eyes-green-on-lending-fund\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-02T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2102.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/05\/02\/xinxing-has-another-usd-250-mn-worth-of-investments-in-the-pipeline-for-egypt-plus-locally-made-e-bikes-mm-group-saudi-expansion-madinet-masr-launches-sarai-project-cib-eyes-green-on-lending-fund\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/05\/02\/xinxing-has-another-usd-250-mn-worth-of-investments-in-the-pipeline-for-egypt-plus-locally-made-e-bikes-mm-group-saudi-expansion-madinet-masr-launches-sarai-project-cib-eyes-green-on-lending-fund\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Xinxing has another USD 250 mn worth of investments in the pipeline for Egypt. PLUS: Locally made e-bikes, MM Group Saudi expansion, Madinet Masr launches Sarai project, CIB eyes green on-lending funds, Farahy looks to GCC investors\",\"datePublished\":\"2024-05-02T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/05\/02\/xinxing-has-another-usd-250-mn-worth-of-investments-in-the-pipeline-for-egypt-plus-locally-made-e-bikes-mm-group-saudi-expansion-madinet-masr-launches-sarai-project-cib-eyes-green-on-lending-fund\/\"},\"wordCount\":484,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/05\/02\/xinxing-has-another-usd-250-mn-worth-of-investments-in-the-pipeline-for-egypt-plus-locally-made-e-bikes-mm-group-saudi-expansion-madinet-masr-launches-sarai-project-cib-eyes-green-on-lending-fund\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2102.jpg?fit=%2C&ssl=1\",\"keywords\":[\"ALSO ON OUR RADAR\",\"Banque Misr\",\"CIB\",\"EnterpriseAM\",\"European Bank of Reconstruction and Development\",\"Madinet Masr\",\"Manufacturing\",\"MM Group\",\"National Telecom Regulatory Authority\",\"real estate\",\"retail\",\"startups\",\"TEDA industrial zone\",\"Visa\"],\"articleSection\":[\"Also on our Radar\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/05\/02\/xinxing-has-another-usd-250-mn-worth-of-investments-in-the-pipeline-for-egypt-plus-locally-made-e-bikes-mm-group-saudi-expansion-madinet-masr-launches-sarai-project-cib-eyes-green-on-lending-fund\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2024\/05\/02\/xinxing-has-another-usd-250-mn-worth-of-investments-in-the-pipeline-for-egypt-plus-locally-made-e-bikes-mm-group-saudi-expansion-madinet-masr-launches-sarai-project-cib-eyes-green-on-lending-fund\/\",\"name\":\"Xinxing has another USD 250 mn worth of investments in the pipeline for Egypt. PLUS: Locally made e-bikes, MM Group Saudi expansion, Madinet Masr launches Sarai project, CIB eyes green on-lending funds, Farahy looks to GCC investors - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/05\/02\/xinxing-has-another-usd-250-mn-worth-of-investments-in-the-pipeline-for-egypt-plus-locally-made-e-bikes-mm-group-saudi-expansion-madinet-masr-launches-sarai-project-cib-eyes-green-on-lending-fund\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/05\/02\/xinxing-has-another-usd-250-mn-worth-of-investments-in-the-pipeline-for-egypt-plus-locally-made-e-bikes-mm-group-saudi-expansion-madinet-masr-launches-sarai-project-cib-eyes-green-on-lending-fund\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2102.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-05-02T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/05\/02\/xinxing-has-another-usd-250-mn-worth-of-investments-in-the-pipeline-for-egypt-plus-locally-made-e-bikes-mm-group-saudi-expansion-madinet-masr-launches-sarai-project-cib-eyes-green-on-lending-fund\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2024\/05\/02\/xinxing-has-another-usd-250-mn-worth-of-investments-in-the-pipeline-for-egypt-plus-locally-made-e-bikes-mm-group-saudi-expansion-madinet-masr-launches-sarai-project-cib-eyes-green-on-lending-fund\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/05\/02\/xinxing-has-another-usd-250-mn-worth-of-investments-in-the-pipeline-for-egypt-plus-locally-made-e-bikes-mm-group-saudi-expansion-madinet-masr-launches-sarai-project-cib-eyes-green-on-lending-fund\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2102.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2102.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/05\/02\/xinxing-has-another-usd-250-mn-worth-of-investments-in-the-pipeline-for-egypt-plus-locally-made-e-bikes-mm-group-saudi-expansion-madinet-masr-launches-sarai-project-cib-eyes-green-on-lending-fund\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Xinxing has another USD 250 mn worth of investments in the pipeline for Egypt. PLUS: Locally made e-bikes, MM Group Saudi expansion, Madinet Masr launches Sarai project, CIB eyes green on-lending funds, Farahy looks to GCC investors\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Xinxing has another USD 250 mn worth of investments in the pipeline for Egypt. PLUS: Locally made e-bikes, MM Group Saudi expansion, Madinet Masr launches Sarai project, CIB eyes green on-lending funds, Farahy looks to GCC investors - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/02\/xinxing-has-another-usd-250-mn-worth-of-investments-in-the-pipeline-for-egypt-plus-locally-made-e-bikes-mm-group-saudi-expansion-madinet-masr-launches-sarai-project-cib-eyes-green-on-lending-fund\/","og_locale":"en_US","og_type":"article","og_title":"Xinxing has another USD 250 mn worth of investments in the pipeline for Egypt. PLUS: Locally made e-bikes, MM Group Saudi expansion, Madinet Masr launches Sarai project, CIB eyes green on-lending funds, Farahy looks to GCC investors","og_description":"The Chinese state-owned company just broke ground on a USD 146 mn ductile pipe factory","og_url":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/02\/xinxing-has-another-usd-250-mn-worth-of-investments-in-the-pipeline-for-egypt-plus-locally-made-e-bikes-mm-group-saudi-expansion-madinet-masr-launches-sarai-project-cib-eyes-green-on-lending-fund\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2024-05-02T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2102.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/02\/xinxing-has-another-usd-250-mn-worth-of-investments-in-the-pipeline-for-egypt-plus-locally-made-e-bikes-mm-group-saudi-expansion-madinet-masr-launches-sarai-project-cib-eyes-green-on-lending-fund\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/02\/xinxing-has-another-usd-250-mn-worth-of-investments-in-the-pipeline-for-egypt-plus-locally-made-e-bikes-mm-group-saudi-expansion-madinet-masr-launches-sarai-project-cib-eyes-green-on-lending-fund\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Xinxing has another USD 250 mn worth of investments in the pipeline for Egypt. PLUS: Locally made e-bikes, MM Group Saudi expansion, Madinet Masr launches Sarai project, CIB eyes green on-lending funds, Farahy looks to GCC investors","datePublished":"2024-05-02T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/02\/xinxing-has-another-usd-250-mn-worth-of-investments-in-the-pipeline-for-egypt-plus-locally-made-e-bikes-mm-group-saudi-expansion-madinet-masr-launches-sarai-project-cib-eyes-green-on-lending-fund\/"},"wordCount":484,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/02\/xinxing-has-another-usd-250-mn-worth-of-investments-in-the-pipeline-for-egypt-plus-locally-made-e-bikes-mm-group-saudi-expansion-madinet-masr-launches-sarai-project-cib-eyes-green-on-lending-fund\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2102.jpg?fit=%2C&ssl=1","keywords":["ALSO ON OUR RADAR","Banque Misr","CIB","EnterpriseAM","European Bank of Reconstruction and Development","Madinet Masr","Manufacturing","MM Group","National Telecom Regulatory Authority","real estate","retail","startups","TEDA industrial zone","Visa"],"articleSection":["Also on our Radar"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/02\/xinxing-has-another-usd-250-mn-worth-of-investments-in-the-pipeline-for-egypt-plus-locally-made-e-bikes-mm-group-saudi-expansion-madinet-masr-launches-sarai-project-cib-eyes-green-on-lending-fund\/","url":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/02\/xinxing-has-another-usd-250-mn-worth-of-investments-in-the-pipeline-for-egypt-plus-locally-made-e-bikes-mm-group-saudi-expansion-madinet-masr-launches-sarai-project-cib-eyes-green-on-lending-fund\/","name":"Xinxing has another USD 250 mn worth of investments in the pipeline for Egypt. PLUS: Locally made e-bikes, MM Group Saudi expansion, Madinet Masr launches Sarai project, CIB eyes green on-lending funds, Farahy looks to GCC investors - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/02\/xinxing-has-another-usd-250-mn-worth-of-investments-in-the-pipeline-for-egypt-plus-locally-made-e-bikes-mm-group-saudi-expansion-madinet-masr-launches-sarai-project-cib-eyes-green-on-lending-fund\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/02\/xinxing-has-another-usd-250-mn-worth-of-investments-in-the-pipeline-for-egypt-plus-locally-made-e-bikes-mm-group-saudi-expansion-madinet-masr-launches-sarai-project-cib-eyes-green-on-lending-fund\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2102.jpg?fit=%2C&ssl=1","datePublished":"2024-05-02T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/02\/xinxing-has-another-usd-250-mn-worth-of-investments-in-the-pipeline-for-egypt-plus-locally-made-e-bikes-mm-group-saudi-expansion-madinet-masr-launches-sarai-project-cib-eyes-green-on-lending-fund\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2024\/05\/02\/xinxing-has-another-usd-250-mn-worth-of-investments-in-the-pipeline-for-egypt-plus-locally-made-e-bikes-mm-group-saudi-expansion-madinet-masr-launches-sarai-project-cib-eyes-green-on-lending-fund\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/02\/xinxing-has-another-usd-250-mn-worth-of-investments-in-the-pipeline-for-egypt-plus-locally-made-e-bikes-mm-group-saudi-expansion-madinet-masr-launches-sarai-project-cib-eyes-green-on-lending-fund\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2102.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2102.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/02\/xinxing-has-another-usd-250-mn-worth-of-investments-in-the-pipeline-for-egypt-plus-locally-made-e-bikes-mm-group-saudi-expansion-madinet-masr-launches-sarai-project-cib-eyes-green-on-lending-fund\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Xinxing has another USD 250 mn worth of investments in the pipeline for Egypt. PLUS: Locally made e-bikes, MM Group Saudi expansion, Madinet Masr launches Sarai project, CIB eyes green on-lending funds, Farahy looks to GCC investors"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2102.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2102.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2102.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":665216,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/14\/two-projects-worth-usd-210-mn-go-live-in-ain-sokhna\/","url_meta":{"origin":619480,"position":0},"title":"Two projects worth USD 210 mn go live in Ain Sokhna","author":"enterpriseam admin","date":"14 May 2025","format":false,"excerpt":"The projects will produce ductile iron pipes and tissue paper","rel":"","context":"In &quot;Manufacturing&quot;","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1088.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":619385,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/01\/chinese-usd-146-mn-iron-pipes-factory-breaks-ground-plus-a-thai-usd-20-mn-sportswear-factory-in-the-works-egp-100-mn-home-appliances-factory-for-egypts-tredco\/","url_meta":{"origin":619480,"position":1},"title":"Chinese USD 146 mn iron pipes factory breaks ground. PLUS: A Thai USD 20 mn sportswear factory in the works, EGP 100 mn home appliances factory for Egypt\u2019s Tredco","author":"enterpriseam admin","date":"1 May 2024","format":false,"excerpt":"The USD 20 mn clothing factory will be the first Thai industrial project in Egypt","rel":"","context":"In &quot;Manufacturing&quot;","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/2250.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":608760,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/25\/xinxing-scales-back-planned-steel-plant\/","url_meta":{"origin":619480,"position":2},"title":"Xinxing scales back planned steel plant","author":"enterpriseam admin","date":"25 October 2023","format":false,"excerpt":"The company had reduced the size of the plant by half, and will now invest USD 930 mn in the project compared to USD 2 bn previously","rel":"","context":"In &quot;Manufacturing&quot;","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1248.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":608333,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/18\/egypt-china-sign-usd-15-5-bn-worth-of-energy-manufacturing-agreements\/","url_meta":{"origin":619480,"position":3},"title":"Egypt, China sign USD 15.5 bn worth of energy, manufacturing agreements","author":"enterpriseam admin","date":"18 October 2023","format":false,"excerpt":"Some USD 14.8 bn of the investments will go towards our green energy industry","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/882.jpeg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":665186,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/13\/ain-sokhna-industrial-zone-launches-two-factories-worth-combined-usd-210-mn\/","url_meta":{"origin":619480,"position":4},"title":"Ain Sokhna industrial zone launches two factories worth combined USD 210 mn","author":"enterpriseam admin","date":"13 May 2025","format":false,"excerpt":"Good afternoon, friends. We hope this finds you well and that your air filters are earning their keep today. We come with glad tidings of two new industrial zone factories breaking operational ground in Ain Sokhna, alongside details on Trump\u2019s Mideast tour, and Google\u2019s rough week.THE BIG STORY TODAY Two\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/2250.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":595573,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/09\/midea-launches-washing-machine-factory-in-sczone\/","url_meta":{"origin":619480,"position":5},"title":"Midea launches washing machine factory in SCZone","author":"enterpriseam admin","date":"9 August 2023","format":false,"excerpt":"The factory will produce 1.5 mn washing machines annually","rel":"","context":"In &quot;Manufacturing&quot;","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/418.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/619480","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=619480"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/619480\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/619456"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/619481"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=619480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=619480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=619480"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=619480"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=619480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}