Back to the complete issue
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.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2021 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of Commercial International Bank (tax ID: 204-891-949), the largest private-sector bank in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; and Act Financial (tax ID: 493-924-612), the leading activist investor in Egypt; and Abu Auf (tax ID: 584-628-846), the leading health foodmaker in Egypt and the region.