What we’re tracking this week and beyond
Egypt and a UAE company will sign an operations and management agreement in the field of tire manufacturing “within days,” Public Enterprise Minister Hisham Tawfik said, according to Al Mal. The minister did not disclose the name of the UAE company, but said the move comes amid efforts to attract foreign investment, and boost manufacturing and trade.
AmCham is putting on a one-day entrepreneurship event on 11 March, in collaboration with the AUC School of Business, Mindsalike Network, the Entrepreneurs’ Organization and Endeavor Egypt. “The Egyptian Dream” will feature keynote speeches and workshops led by leading entrepreneurs to inform and educate aspiring business owners on the challenges and rewards of entrepreneurship.
A delegation of 50 Japanese companies is expected in Egypt between 10-12 March to sign several investment agreements and explore areas of cooperation for the development of technical industries, reports Egypt Today.
A consortium of Russian companies is expected to visit Egypt this month to explore investment and operational logistics in the Russian Industrial Zone area of the Suez Canal Economic Zone, reports the local press.
The gov’t will begin rolling out its debt control strategy this month. The four-year strategy aims to bring down Egypt’s public debt to 80-85% of GDP by the end of FY2021-22.
An Egyptian ministerial delegation will visit France this month to discuss boosting bilateral trade, local press reported.
The Egypt-Sudan electricity grid connection project is on track, and is set to begin its first-phase trials next month, according to The North Africa Post.