What we’re tracking this week and beyond
The Egyptian data satellite Egypt Sat A will be launched on 21 February, local press reported. The satellite manufactured in Russia in cooperation with Egypt will be launched from Russian spaceport Baikonur in Kazakhstan.
The EGP 500 mn first section of the fourth phase of Cairo Metro Line 3 will open by the end of this week, Akhbar El Yom reports.
Blockchain-focused talk: The UN Technology Innovation Lab Egypt, Egypt Technology Innovation & Entrepreneurship Center, UNDP, and IBM Egypt are hosting on Tuesday, 26 February a talk to initiate the uninitiated on blockchain and its uses outside of cryptocurrencies. You can find more details and register for the event here.
100 leaders of the biggest Saudi companies are expected to attend a Cairo meeting of the Saudi Egyptian Business Council on 23 February, according to the domestic press. The meeting is expected to discuss ways to further cooperation in infrastructure and agriculture projects as well as how to make the best of Egypt’s one year presidency of the African Union.
A Russian delegation will visit Sharm El Sheikh and Hurghada airports in the second half of February to run a final security sweep ahead of a decision on whether to allow the resumption of direct flights, AMAY reports.
The gov’t will begin rolling out its debt control strategy next month, Finance Minister Mohamed Maait told Al Mal. The four-year strategy aims to bring down Egypt’s public debt to 80-85% of GDP by the end of FY2021-22. Maait had previously said the strategy would be presented to President Abdel Fattah El Sisi in March.
Execs from 50 Japanese companies will be in Cairo in March to discuss potential investment opportunities, Youm7 reports.
Expect draft law to regulate real estate developers in two months: The final draft of proposed legislation which will regulate real estate development should be ready in two months’ time, Prime Minister Moustafa Madbouly instructed relevant officials. The proposed legislation is pending approval from the House of Representatives’ Housing Committee.
Egypt has been tapped to host the 2020 Sustainable Blue Economy water security conference, according to a report in the domestic press.