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Wednesday, 13 January 2021

Also on our radar on 13 January 2021

EBRD, UN to help Egypt’s tourism industry get back on its feet post-covid: The European Bank for Reconstruction and Development (EBRD) and the UN World Tourism Organization are providing a technical assistance package for Egypt’s tourism industry that has been battered by the pandemic, the International Cooperation Ministry said in a statement (pdf). The program will provide training programs for employees in the sector, improve health and safety regulations, and study ways to increase job creation, the ministry said without disclosing further details.

Other things we’re keeping an eye on this morning:

  • E-payments provider Bee will handle public school tuition fees and expenses after signing an agreement with the Education Ministry, Al Mal reports, citing unnamed sources who didn’t disclose when the contract would start.
  • Food exports have grown 1% y-o-y, reaching USD 3.2 bn in 2020, according to the Food Export Council. Arab countries accounted for 54% of Egypt’s food exports last year, while food products headed for the EU accounted for 14% of our export market.
  • Heliopolis Housing and Development is seeking a partner for its Heliopark real estate project in New Cairo, and has reportedly already received offers of intent from development companies operating in Egypt.

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