Tabrok for Development Co., a fully owned subsidiary of SODIC, has signed a bridge facility agreement with the Commercial International Bank (CIB) for EGP 2.45 billion.

The General Authority of the Suez Canal Economic Zone (SCZone) has signed a usufruct contract with Industrial House for Building Materials to establish a new factory at the Technology Valley area in East Ismailia, Sinai.

Prime Minister Mostafa Madbouly inaugurated the Flex PET Egypt factory for manufacturing polyethylene terephthalate (PET) polyester resin.

Prime Minister Mostafa Madbouly inaugurated the factory of Alex Panel, an insulation panels manufacturing company, today during his visit to the Suez Canal Economic Zone (SCZone).

Prime Minister Mostafa Madbouly inaugurated the first phase of the ready-made factories complex affiliated with the Main Development Company (MDC) and the U-Pyramids factory for solar energy components in the integrated industrial zone of Sokhna, part of the Suez Canal Economic Zone (SCZone).

Prime Minister Mostafa Madbouly has inaugurated the Air Liquide Egypt factory for medical and industrial gas production in the Suez Canal Economic Zone (SCZone).

The General Authority of the Suez Canal Economic Zone (SCZone) has signed a contract with United Co for Poultry Packaging and Equipment to establish a poultry breeding and production equipment assembly project in the Qantara West Industrial Zone.

The General Authority for the Suez Canal Economic Zone (SCZone) signed contracts for two new textile manufacturing and printing projects in the Sokhna Industrial Zone, with investments exceeding $3 million.

RMBV, a Netherlands-based private equity firm, is planning to invest $100 million in Egypt this year through acquiring 20% to 40% stakes in four to five companies

Misr El Gadida Housing and Development Company has received a 766-feddan land plot in Hadayek Al-Asimah, with a total value exceeding EGP 12 billion.

Madinet Masr has signed a memorandum of understanding (MoU) with the construction and energy company firm Korra Energi to accelerate construction at Taj City, its flagship mixed-use project in New Cairo.

The consortium of an engineering and construction company of Elsewedy Electric has been awarded a significant contract for a 500-650 megawatt (MW) combined cycle power plant project in Hungary by the Hungarian Electricity Co. (MVM).

Ora Developers Egypt has launched The Emerald Collection, a new phase in the luxurious Zed East project in East Cairo.

Rubex International for Plastic and Acrylic Manufacturing (RUBEX) has signed a joint cooperation protocol with the City of Scientific Research and Technological Applications (SRTA-City)

Elsewedy Electric has reached a financial close on a 50MW/100MWh battery energy storage system (BESS) project in Greece through its subsidiary, Energy Bank I S.A.

Heliopolis Housing and Development will establish a residential complex in New Heliopolis with an investment of EGP 2 billion.

Misr Beni Suef Cement Co (MBSC) has signed a contract worth EGP 298 million with IRSC, in cooperation with JINKO and HUAWEI, to establish a solar power plant at its site in Beni Suef Governorate.

Elsewedy Industrial Development, a subsidiary of Elsewedy Electric, has signed an agreement with Kingdom Holdings Limited, a Chinese textile company, to establish a private free zone in Industria Sadat city.

Sidi Kerir Petrochemicals Company (Sidpec) intends to establish a hydrogen-powered plant with a capacity of 14 megawatts in 2025.

Egyptian for Developing Building Materials (Lift Slab Misr) has signed a purchase agreement to acquire the Stella Di Mare 2 project from Remco for Tourism Villages Construction.