{"id":675113,"date":"2025-11-09T00:00:00","date_gmt":"2025-11-09T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/11\/09\/a-romanian-industrial-zone\/"},"modified":"2025-11-09T00:00:00","modified_gmt":"2025-11-09T00:00:00","slug":"a-romanian-industrial-zone","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/11\/09\/a-romanian-industrial-zone\/","title":{"rendered":"A Romanian industrial zone?"},"content":{"rendered":"

Good morning, all, and welcome to a new week. <\/strong>Gulf investments continue to lead the news well this morning after Qatari Diar inked an agreement with the Madbouly government to set up a USD 29.7 bn integrated urban development in the North Coast, marking the largest Qatari investment in Egypt since the two sides restored diplomatic ties in 2021.<\/p>\n

ALSO IN TODAY\u2019S ISSUE- <\/strong>We speak with HSBC China Deputy CEO Ed Weeks and CEO of HSBC Egypt Todd Wilcox to better understand the growing interest of Chinese investors in Egypt. <\/p>\n

\n

\n

<\/a> <\/p>\n

\n

\n

PSA-<\/p>\n

Tickets to the GEM for weekends and public holidays can now only be bought <\/strong>online via the museum\u2019s <\/strong>website<\/a><\/strong>, following a surge in visitor numbers in the days after the museum\u2019s opening that saw it reach full capacity, the Tourism Ministry said in a statement<\/a>. For all other days, visitors will be able to buy their tickets from the museum\u2019s ticket office as usual.<\/p>\n

\n

\n

WEATHER- <\/strong>It\u2019s another cloudy day in Cairo, with a high of 28\u00b0C and a low of 20\u00b0C, according to our favorite weather app.<\/p>\n

It\u2019s a little cooler in Alexandria<\/strong>, with a high of 27\u00b0C and a low of 18\u00b0C.<\/p>\n

\n

\n

Introducing EnterpriseAM MENA <> India<\/p>\n

The flow of capital, talent, and trade between MENA and the Indian subcontinent is one of the most important economic stories in the world. And we\u2019re telling it the way only we can.<\/p>\n

EnterpriseAM MENA <> India is our new briefing, published every Monday, Wednesday, and Friday, to track the transactions, trends, and market moves connecting these two dynamic regions.<\/p>\n

If you\u2019re investing, trading, or scouting for your next big move in MENA or India, EnterpriseAM MENA <> India delivers the strategic intelligence you need \u2014 connecting insights emerging from Arabian Sea to Mediterranean to guide your decisions.<\/p>\n

The first edition lands tomorrow. Subscribe by tapping <\/strong>here<\/a><\/strong>. <\/strong><\/p>\n

\n

\n

\n

WATCH THIS SPACE- <\/p>\n

<\/a> #1- The Oil Ministry is preparing a fresh round of incentives to boost foreign <\/strong>investment in gas and oil exploration<\/strong> in the Mediterranean and Red Sea, a government source told EnterpriseAM. The incentives will include increasing the earnings-sharing ratios for new agreements and other area-specific incentives.<\/p>\n

The incentives are part of the government's plan<\/strong> to boost gas production to 6.6 bcf\/d<\/a> by 2027 and become a net exporter by 2030, according to our source.<\/p>\n

REMEMBER-<\/strong> Around this time last year, the ministry introduced<\/a> fresh incentives for energy players, which included increasing production sharing ratios with foreign companies in exchange for new investments, enhancing exploration efforts, and increasing extraction rates to boost local production.<\/p>\n

\n

\n

<\/a> #2- The Finance Ministry will launch its much-anticipated second package <\/strong>of tax <\/strong>facilities <\/strong>at some point this month<\/strong>, Finance Minister Ahmed Kouchouk said<\/a> at a recent AmCham roundtable. The new package is primarily focused on resolving issues experienced by the tax community when it comes to following the VAT Law through introducing new facilities and removing hurdles facing businesses, Deputy Finance Minister for Taxes Sherif Al Kilani previously told EnterpriseAM<\/a>.<\/p>\n

\n

\n

<\/a> #3- A Romanian in<\/strong>dustrial zone?<\/strong> The cabinet is studying a proposal for a Romanian industrial zone after more than ten Romanian companies expressed interest in investing in sectors including food, ready-made garments, and home appliance components, Al Borsa<\/a> reports, citing unnamed sources. The plan is expected to materialize soon in light of the government\u2019s push to localize industry, the executive director of the Egyptian Businessmen\u2019s Association told EnterpriseAM.<\/p>\n

\n

\n

<\/a> #4- Giant container ships are returning to the Suez Canal:<\/strong> The CMA CGM Benjamin Franklin became the largest container ship to pass through the canal in two years yesterday, signaling the gradual return of mega-vessels to the Red Sea route, the Suez Canal Authority (SCA) said in a statement<\/a>. The 399-meter, 177k-ton, Malaysia-bound vessel passed safely through Bab El Mandab yesterday. <\/p>\n

\n

\n

#5- Qalaa could take a Dina Farms-affiliated company public: <\/strong>Qalaa Holdings is preparing to list Dina Industrial, the food manufacturing arm of its dairy and agriculture subsidiary Dina Farms, on the EGX, Chairman Ahmed Heikal told Asharq Business (watch, runtime: 2:03<\/a>). The company, which handles the production and packaging of dairy, yogurt, and cheese, is one of four Qalaa subsidiaries earmarked for public offering.<\/p>\n

HAPPENING TODAY- <\/p>\n

<\/a> The transport and logistics exhibition<\/strong><\/a><\/strong>TransMEA<\/a><\/strong> kicks off today at the <\/strong>Egypt <\/strong>International Exhibition Center.<\/strong> The exhibition, organized with the Transport Ministry, will run between 9-11 November and bring together 500 global and regional players from 30 countries to showcase innovations in mobility, logistics, and smart infrastructure.<\/p>\n

\n

HAPPENING TOMORROW-<\/p>\n

#1-<\/strong> The business community and policymakers will have their eyes on <\/strong>October\u2019s <\/strong>inflation figures, expected to be released tomorrow. <\/strong>Annual headline urban inflation eased again for the fourth consecutive month<\/a> in September to 11.7%, but analysts are expecting recent fuel price hikes<\/a> to temporarily ratchet up inflationary pressures.<\/p>\n

#2- Egyptians at home will head to the polls starting tomorrow for the first <\/strong>two-day round of the parliamentary elections<\/strong>, after voting for Egyptians abroad wrapped yesterday. Results from the first round will be announced on 18 November, followed by runoff elections, whose results will come out on 11 December.<\/p>\n

\n
\n
\n
\n

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

** DID YOU KNOW that we 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

\n

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

Musk is getting his USD 1 tn package: <\/strong>Tesla shareholders approved CEO Elon Musk\u2019s USD 1 tn pay package \u2014 the largest ever for a CEO and a figure larger than the size of most economies. This sets Musk up to become the world\u2019s first t\u2019naire, and to expand his stake in the EV maker to 25% or more over the next 10 years. The package is tied to targets including a significant expansion of Tesla\u2019s market value, getting its robotaxis off the ground, and improving its car business as it continues to lose market share to Chinese competitors. (Bloomberg<\/a> | Financial Times<\/a> | Reuters<\/a> | Wall Street Journal<\/a> | New York Times<\/a>)<\/p>\n

ALSO- Swiss commodity trader Guvnor has withdrawn its USD 22 bn bid to take over Russian energy firm Lukoil\u2019s international assets<\/strong> after the US blocked the transaction, criticizing the firm for being \u201cthe Kremlin\u2019s puppet.\u201d (FT<\/a> | Reuters<\/a>) <\/p>\n

CLOSER TO HOME- Sudan\u2019s Rapid Support Forces agreed to a ceasefire proposal put forward by Egypt, the US, the UAE, and Saudi Arabia<\/strong>, which would last three months and be followed potentially by an end to hostilities. The caveat? This is not the first ceasefire it has agreed to, with several previously failing to end the war against the Sudanese army which has now been ongoing for 30 months. The news comes following an escalation of violence after the RSF took over the city of El Fashir, with reports of mass killings and kidnappings. (Reuters<\/a> | Guardian<\/a>)<\/p>\n

ALSO WORTH NOTING-<\/strong><\/p>\n