{"id":665646,"date":"2025-05-21T00:00:00","date_gmt":"2025-05-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/21\/govt-eyes-part-of-chinas-usd-52-bn-africa-pledge\/"},"modified":"2025-05-21T00:00:00","modified_gmt":"2025-05-21T00:00:00","slug":"govt-eyes-part-of-chinas-usd-52-bn-africa-pledge","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/21\/govt-eyes-part-of-chinas-usd-52-bn-africa-pledge\/","title":{"rendered":"Gov\u2019t eyes part of China\u2019s USD 52 bn Africa pledge"},"content":{"rendered":"<p class=\"tag-border-left\">INVESTMENT- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Egypt eyes part of China\u2019s USD 52 bn Africa pledge: <\/strong>Prime Minister Moustafa Madbouly told Chinese officials that Egypt hopes to receive a portion of the <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/china-deepen-industrial-agricultural-trade-investment-ties-with-africa-2024-09-05\/\" style=\"\" rel=\"noopener\">USD 52 bn in Chinese investments earmarked for Africa<\/a>, according to a cabinet <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0UqUNjChJ3nHitXj6AeVpWs8tFusCkd8WgTY8Aw1fXXdfdtjDusyZBkAJ7Pq8wdRCl\" style=\"\" rel=\"noopener\">statement<\/a>. Madbouly highlighted potential investments in EV and mobile phones manufacturing.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p class=\"tag-border-left\">EXPANSION- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Aman is mulling over the acquisition of a Saudi company: <\/strong>Raya Holding\u2019s Aman is currently evaluating four Saudi consumer finance companies as it looks to acquire one of them in a move that would mark its entry into the Saudi market, Aman CEO Holding Hazem Moghazy told <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2025\/05\/19\/1889284\" style=\"\" rel=\"noopener\">Al Borsa<\/a>. He expects the company to settle on a firm and finalize the acquisition in 3 months. The companies under consideration have valuations ranging between SAR 70-360 mn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Aman won\u2019t be doing it solo: <\/strong>Aman will only hold a 41% stake in the chosen company, with Saudi companies Jarir Bookstore holding a 49% stake and Almanea holding the remaining 10%, Moghazy said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Raya Holding <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7593dabd-8c10-4b11-b316-9392bb0d5b43\/chevron-makes-its-red-sea-exit-official.-plus:-saudi-gold-refinery,-raya%253cmark%253e-holding%253c%2Fmark%253e,-ora-developers,-microsoft\" style=\"\" rel=\"noopener\">revealed<\/a> its plans to launch a consumer finance company in Saudi Arabia through Aman in April. The company \u2014 which already operates call centers in Saudi Arabia and Dubai \u2014 also set out a Gulf expansion strategy that involves launching new fintech companies and data centers, with a focus on Saudi Arabia. <\/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>Al Ahly Sabbour has more Omani projects up its sleeve:<\/strong> Local real estate developer Al Ahly Sabbour is in talks with Oman\u2019s Housing Ministry to develop hospitality and tourism projects in the Sultanate, Chairman Ahmed Sabbour told <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/financial-markets\/83503\/%D8%A7%D9%84%D8%A3%D9%87%D9%84%D9%8A-%D8%B5%D8%A8%D9%88%D8%B1-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A%D8%A9-%D8%AA%D8%AA%D9%81%D8%A7%D9%88%D8%B6-%D8%B9%D9%84%D9%89-3-%D9%85%D8%B4%D8%A7%D8%B1%D9%8A%D8%B9-%D8%B3%D9%8A%D8%A7%D8%AD%D9%8A%D8%A9-%D9%81%D9%8A-%D8%B9%D9%85%D8%A7%D9%86\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a>. The developer unveiled its first Omani project earlier this year \u2014 Wadi Zahaa \u2014 which is one of three projects it is working on in the Gulf nations with combined investments of OMR 440 mn.<\/p>\n<p class=\"tag-border-left\">AUTOMOTIVE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MTI will distribute India\u2019s Tata Motors commercial vehicles in Egypt<\/strong> under a strategic partnership between the two sides, according to a statement. MTI will retail and service Tata vehicles across the cargo and passenger segments in the country, covering models ranging from 1-60 tons.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PLUS- Aman is mulling over the acquisition of a Saudi company<\/p>\n","protected":false},"author":1,"featured_media":665647,"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":[7209],"tags":[111,144,116,72,614,83],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-665646","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-automotive","tag-china","tag-enterpriseam","tag-raya-holding","tag-real-estate","wpautop","entry"],"acf":{"mongo_id":"3f987cfa-c52d-48ce-b1fa-293cd848766c","order":"13","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/5\/1731.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt eyes part of China\u2019s USD 52 bn Africa pledge","related_issue":[665623],"teaser":"PLUS- Aman is mulling over the acquisition of a Saudi company","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.06f35e59-eb75-492a-8c1a-296d73d154a5.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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While this is nothing new, Pilling\u2019s piece gets down to the nitty gritty\u2026","rel":"","context":"In &quot;Worth reading&quot;","block_context":{"text":"Worth reading","link":"https:\/\/enterpriseam.com\/egypt\/category\/lifestyle\/worth-reading\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2017\/6\/1174.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":624277,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/04\/china-state-construction-inks-usd-9-6-bn-worth-of-agreements-with-egypt\/","url_meta":{"origin":665646,"position":1},"title":"China State Construction inks USD 9.6 bn worth of agreements with Egypt","author":"enterpriseam admin","date":"4 September 2018","format":false,"excerpt":"INVESTMENT WATCH- More from China as CSCEC signs USD 9.6 bn in new agreements: China State Construction Engineering Corporation (CSCEC) signed USD 9.6 bn in new agreements with Egypt in the latest round of contracts signed during the China-Africa Cooperation Forum in Beijing, according to Reuters\u2019 Arabic Service. CSCEC, which\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":657220,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/17\/chinas-wuan-xin-feng-eyes-usd-1-7-bn-industrial-complex\/","url_meta":{"origin":665646,"position":2},"title":"China\u2019s Wu\u2019an Xin Feng eyes USD 1.7 bn industrial complex","author":"enterpriseam admin","date":"17 December 2024","format":false,"excerpt":"The complex will house nine factories and be built out over a five-year period","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\/12\/1563.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":674283,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/10\/27\/china-eyes-duties-exemption-for-egyptian-exports-2\/","url_meta":{"origin":665646,"position":3},"title":"China eyes duties exemption for Egyptian exports","author":"enterpriseam admin","date":"27 October 2025","format":false,"excerpt":"The move will play a big role in rebalancing Egypt\u2019s trade relationship with the world\u2019s factory","rel":"","context":"In 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