Infrastructure 
MENA+ Edition 
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AI + Innovation (MENA) 
Egypt eyes USD 120 mn Toshka logistics zone + Zhejiang Hongda picks Qantara West for USD 20 mn textile plant
Stories on our radar this morning from around the region
TODAY: Hormuz reopening won’t spark an immediate recovery in oil flows
What we’re tracking this morning regionally and around the world
Egypt to transit and liquefy Cypriot gas from Pegasus and Glaucus fields at Idku and Damietta
The agreement cements Egypt’s strategy to act as an East Med infrastructure middleman
ALCN sells Egypt Marine Ports stake to state parent
The related-party transaction covers 182.7 mn shares for a total consideration of USD 20.28 mn
TODAY: Iraq scraps USD 764 mn airport agreement + ALCN sells port operator stake
What we’re tracking this morning regionally and around the world
Egypt’s Transport Ministry to reject AD Ports’ Alexandria Container takeover bid
The newly submitted offer will be presented at an upcoming ALCN board meeting
Gafi gives preliminary approval to Sohag freezone + Jeddah Islamic Port gets a new service
Stories on our radar this morning from around the region
Egypt taps global LNG markets for six more June cargoes
The move is set to bring Egypt’s total June deliveries to 28
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