Al Amal to pour c. EGP 600 mn into new processing hub

Egypt-based Al Amal Agricultural Crops plans to invest between EGP 500-600 mn to establish a sorting and packaging facility in Beheira, Chairman Ragab Shehata tells EnterpriseAM. The 25k sqm facility is designed to deepen the company’s control over the value chain for its core products — dates, raisins, peanuts, sesame, and beans — replacing reliance on third-party facilities. The company is also exploring contract farming to secure the stable supply needed to feed its target of 30% annual export growth, he added.

Organic funding: The company plans to finance the project entirely from its own balance sheet. This highlights a critical competitive advantage for exporters in the current climate — the ability to fund capex through USD liquidity, bypassing the prohibitive cost of bank borrowing that is currently stifling expansion for purely domestic players.

Humain awards MIS a SAR 1.9 bn contract for an AI data center

Al Moammar Information Systems (MIS) will design and build an AI-focused data center for Humain under a contract valued at over 155% of its 2024 revenue, it said in a disclosure to Tadawul. The awarded contract is valued at about SAR 1.9 bn, based on our calculations —

MIS has a few data center projects under its belt: MIS is expanding Saudi Fransi Capital’s data center capacity by 64 MW at a cost of SAR 1.95-2.5 bn, and has signed a framework agreement to add up to 112 MW in capacity to Saudi Data Center Fund 1’s existing facilities.

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