{"id":661853,"date":"2025-03-06T00:00:00","date_gmt":"2025-03-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/06\/egypt-wants-to-attract-more-wte-investments\/"},"modified":"2025-03-06T00:00:00","modified_gmt":"2025-03-06T00:00:00","slug":"egypt-wants-to-attract-more-wte-investments","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/06\/egypt-wants-to-attract-more-wte-investments\/","title":{"rendered":"Egypt wants to attract more WtE investments"},"content":{"rendered":"

Good morning, friends. <\/strong>We have another brisk issue for you to wrap up the first workweek of Ramadan. <\/p>\n

So, when do we eat? <\/strong>Maghrib prayers are at 5:57pm in the capital, and you\u2019ll have until 4:48am tomorrow to hydrate and caffeinate ahead of fajr.<\/p>\n

PSA- <\/p>\n

WEATHER- <\/strong> Cairo is in for another rainy day, with a high of 21\u00b0C and a low of 13\u00b0C, according to our favorite weather app.<\/p>\n

It\u2019s more or less the same in Alexandria<\/strong>, with a high of 20\u00b0C and a low of 11\u00b0C.<\/p>\n

And over the weekend, <\/strong>expect to see a high of 23\u00b0C and a low of 12\u00b0C in the capital.<\/p>\n

** DID YOU KNOW that we now cover <\/strong>Saudi Arabia<\/a><\/strong> and the <\/strong>UAE<\/a><\/strong>?<\/strong><\/p>\n

** Were you forwarded this email?<\/strong> Tap or click here<\/a> to get your own copy delivered every weekday before 7am Cairo time \u2014 without charge.<\/p>\n

WATCH THIS SPACE-<\/p>\n

<\/a> #1- Egypt wa<\/strong>nts to attract more WtE investments: <\/strong>The environment and finance ministries are working to boost investments in waste-to-energy (WtE) projects by amending laws regulating public contracts and increasing the feed-in tariff rate, according to a joint statement<\/a> from the two ministries. Land for WtE projects has already been allocated across eight governorates for completion over the next three or four years.<\/p>\n

REMEMBER- <\/strong>The government was set to sign contracts<\/a> with eight local-foreign consortiums to produce a total of 1.7 bn Kw\/h of electricity from municipal solid waste at a total cost of up to USD 1.2 bn in August. The government has long been planning to boost electricity generation from municipal waste, initially setting a target back in 2020<\/a> of generating 300 MW of electricity from WtE projects by 2025.<\/p>\n

\n

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<\/a> #2- Saudi <\/strong>Arabia\u2019s cabinet <\/strong>greenlit<\/a><\/strong> the <\/strong>Egypt-Saudi Agreement on Promotion and<\/a><\/strong>Mutual Protection of Investments<\/a><\/strong> that is expected to help protect Saudi investors as they ramp up investment in Egypt. The agreement is expected to bring upwards of USD 10 bn<\/a> in bilateral investments over the next three years.<\/p>\n

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<\/a> #3- Th<\/strong>e gov\u2019t will begin releasing imported cars for people with disabilities from ports <\/strong>following a decision to ease restrictions on proof of payment transfers, according to new directives from the Port Said Customs Office seen by EnterpriseAM Egypt. The amended rule allows buyers to prove financial ability through a bank, postal account, or a property sale contract instead of requiring a bank transfer receipt. <\/p>\n

This comes after tighter import rules were introduced <\/strong>last October<\/a><\/strong> to close a loophole that allowed some to import cars under disability exemptions without paying the required fees. Egypt has collected some EGP 3 bn in fines from individuals who misused disability vehicle exemptions since last June, Deputy Finance Minister for Tax Policies Sherif El Kilani told Asharq Business<\/a>. <\/p>\n

The gov\u2019t will also begin releasing passenger vehicles stuck at ports without ACID <\/strong>numbers <\/strong>required to import cars after the Prime Minister approved the move, according to another document seen by EnterpriseAM. However, car owners will need to pay owed customs and fees as well as a USD 110 fee.<\/p>\n

Remember:<\/strong> Cars had been piling up in Egypt\u2019s ports<\/a> over the past few months after the authorities refused to release cars whose owners had tried to dodge the passenger car registration restrictions by registering their passenger cars under other categories.<\/p>\n

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GAZING INTO THE CRYSTAL BALL-<\/p>\n

New gov\u2019t<\/strong> growth figures estimate GDP growth to accelerate to 4.5% in FY 2025-26:<\/strong> Planning and International Cooperation Minister Rania Al Mashat said that the government expects growth to accelerate to 4.5% in FY 2025-26, up from a 4.0% projection for FY 2024-25, with growth coming \u201cdespite challenges posed by global protectionist trade policies,\u201d she said in an interview with CNN<\/a>.<\/p>\n

The government\u2019s new projection is more optimistic to some, but less optimistic than <\/strong>others: <\/strong>Al Mashat\u2019s FY25-26 forecast is a few percentage points higher than the IMF\u2019s recently slashed<\/a> growth forecast of 4.1% and the World Bank\u2019s revised projection of 4.2% for the fiscal year. However, the forecast is less optimistic than the EBRD\u2019s, which sees growth expanding<\/a> to 4.6% in the next fiscal year as investor confidence strengthens and reforms gain traction, BNP Paribas\u2019 forecast<\/a> of 4.7%, and Capital Economics\u2019 optimistic view that growth will accelerate<\/a> to 5.3%.<\/p>\n

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Get Enterprise<\/b> daily <\/h4>\n<\/p><\/div>\n

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

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

\n

DATA POINT-<\/p>\n

<\/a> The number of factories in the Suez Canal Ec<\/strong>onomic Zone (SCZone) has doubled to <\/strong>130 over the past three years<\/strong>, with another 120 under construction, Prime Minister Moustafa Madbouly said in his weekly presser<\/a> yesterday. <\/p>\n

\n

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

The Trump tariff continues to capture the attention of the foreign press: <\/strong>US President Donald Trump granted a 30-day tariff exemption for vehicles that comply with the United States Mexico Canada Agreement (USMCA), giving companies a brief window to adjust. The move follows a meeting between representatives from Ford, General Motors, and Stellantis and the Trump Administration \u2014 US automakers are scrambling to assess the impact of the tariff. (Reuters<\/a> | Washington Post<\/a> | AP<\/a> | Bloomberg<\/a>) <\/p>\n

CLOSER TO HOME- <\/strong>Trump escalated threats against Gaza\u2019s population, warning, \u201cto the People of Gaza: A beautiful Future awaits, but not if you hold Hostages. If you do, you are DEAD.\u201d He vowed there would be \u201chell to pay\u201d if Hamas doesn\u2019t release the Israeli hostages held in Gaza. The US President\u2019s remarks came as Adam Boehler \u2014 Trump\u2019s top hostage negotiator \u2014 held direct talks with Hamas<\/a> officials in Qatar. The meeting comes as Israel and Hamas discuss extending the now-expired ceasefire. (BBC<\/a> | AP<\/a> | The Guardian<\/a>) <\/p>\n

MEANWHILE- <\/strong>German borrowing costs saw their biggest spike in nearly three decades following a EUR 500 bn debt agreement to boost military and infrastructure spending. (Financial Times<\/a> | Reuters<\/a>)<\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning, friends. We have another brisk issue for you to wrap up the first workweek of Ramadan. So, when do we eat? Maghrib prayers are at 5:57pm in the capital, and you\u2019ll have until 4:48am tomorrow to hydrate and caffeinate ahead of fajr. PSA- WEATHER- Cairo is in for another rainy day, with a […]<\/p>\n","protected":false},"author":1,"featured_media":661854,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7204],"tags":[72,4103,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-661853","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-enterpriseam","tag-waste-to-energy","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"3680d783-daed-465c-9b4c-5e6d6e25de6c","order":"2","is_powered_by":true,"story_type":"4","photo_url":"https:\/\/ent.news\/2024\/9\/2048.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt wants to attract more WtE investments","related_issue":[661851],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.c8046bfd-b0ac-410e-b1ff-d086e3d91362.mp3"},"yoast_head":"\nEgypt wants to attract more WtE investments - 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\/2025\/03\/06\/egypt-wants-to-attract-more-wte-investments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt wants to attract more WtE investments\" \/>\n<meta property=\"og:description\" content=\"Good morning, friends. 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The world\u2019s largest streaming music service will be available at a cost of EGP 49.99 per month in Egypt as well as 13 other regional markets, including the UAE and Morocco. Egypt, Saudi Arabia, the UAE,\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\/2018\/11\/369.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":628358,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/02\/expect-hot-and-dusty-weather-to-continue-today\/","url_meta":{"origin":661853,"position":1},"title":"Expect hot and dusty weather to continue today","author":"enterpriseam admin","date":"2 May 2018","format":false,"excerpt":"PSA- Expect hot and dusty weather to continue today across the country. The aftermath of a sandstorm that hit parts of Egypt on Monday, affecting visibility and closing several highways in the south, is expected to last until Friday, which will see the week\u2019s highest temperature at 40\u00b0C, the national\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\/2018\/5\/206.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":668384,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/14\/polaris-parks-set-to-build-egp-2-5-bn-industrial-zone-in-sadat-city\/","url_meta":{"origin":661853,"position":2},"title":"Polaris Parks set to build EGP 2.5 bn industrial zone in Sadat City","author":"enterpriseam admin","date":"14 July 2025","format":false,"excerpt":"Good afternoon, friends. We\u2019ve got another brisk issue for you today as the news cycle continues to cool down \u2014 though the weather is a different story.THE BIG STORY TODAY Industrial real estate developer Polaris Parks is set to build an EGP 2.5 bn industrial zone in Sadat City, General\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","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\/8\/924.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":628512,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/07\/628512\/","url_meta":{"origin":661853,"position":3},"title":"PSA #1- Zamalek residents could\u2026","author":"enterpriseam admin","date":"7 May 2018","format":false,"excerpt":"PSA #1- Zamalek residents could face a widespread water outage today lasting from 8:00 am until 4:00 pm as the Cairo Water Company cuts off pipes for work on Cairo Metro Line 3, Al Masry Al Youm reports. PSA #2- We\u2019re looking at three day of mixed cloud, rain 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":628616,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/09\/egyptian-indie-film-yomeddine-premieres-at-71st-cannes-film-festival-today\/","url_meta":{"origin":661853,"position":4},"title":"Egyptian indie film Yomeddine premieres at 71st Cannes Film Festival today","author":"enterpriseam admin","date":"9 May 2018","format":false,"excerpt":"We\u2019re beaming with pride this morning because Egyptian indie film Yomeddine premieres today at the 71st Cannes Film Festival. Yomeddine will compete in the prestigious event for the Palme d\u2019Or \u2014 the highest prize awarded at the annual festival. Directed by first-time Egyptian-Austrian filmmaker Abu Bakr Shawky, Yomeddine follows the\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\/2018\/5\/532.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":671155,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/09\/01\/incoming-updates-to-red-sea-land-use-and-investment-rules\/","url_meta":{"origin":661853,"position":5},"title":"Incoming updates to Red Sea land use and investment rules","author":"enterpriseam admin","date":"1 September 2025","format":false,"excerpt":"Good afternoon, friends, and congratulations on making it to the halfway mark of a (now officially) shorter-than-usual workweek, with the Labor Ministry confirming Thursday, 4 September a holiday in commemoration of the Prophet Muhammad\u2019s birthday.THE BIG STORY TODAY- The government is preparing new rules for land use and investment along\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","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\/10\/1155.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\/661853","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=661853"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/661853\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/661851"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/661854"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=661853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=661853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=661853"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=661853"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=661853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}