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Tuesday, 22 June 2021

Malaysian investment coming to the SCZone?

Malaysian investment in the SCZone? Malaysian Foreign Minister Hishammuddin Hussein yesterday discussed investing in the Suez Canal Economic Zone during talks with SCZone Chairman Yehia Zaki, cabinet said in a statement. The statement appears to suggest that Zaki pitched Hussein on investments in petrochemical manufacturing in Ain Sokhna as well as the rail equipment manufacturing in Port Said.

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

  • Edita Food Industries is investing in (pdf) an EGP 135 mn production line, which is set to start production in February 2022 and increase the company’s production capacity for baked goods by 20%. The statement says the new line will allow it to meet rising demand for its Molto range of products.
  • Amer Group and Orange Egypt have extended a partnership agreement struck a decade ago that will see the mobile network operator provide Amer’s real estate projects with the latest technology and upgrade its digital infrastructure.
  • Telecom Egypt discussed working more closely with Libyan telecoms players on digital transformation with a delegation of Libyan officials in Cairo yesterday.
  • A female TikTok influencer will file an appeal against a 10-year jail sentence she was handed by the Cairo Criminal Court on Sunday for inciting debauchery and “human trafficking.”

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